July 28, 2017 12:13 PM ET

Banks

Company Overview of Barwa Bank

Company Overview

Barwa Bank, an Islamic bank, provides banking services. The company offers retail banking products that include current and savings accounts; deposit profit rates; VISA charge cards; and personal, vehicle, home, and real estate finance, as well as prestige banking services. It also provides corporate banking services that include account and cash management services; call and mudarabah accounts; cash collection services; trade services, including import letter of credit, export letter of credit, and bank guarantee issuance; corporate Internet banking services; corporate charge cards; institutional banking services; and employee services. In addition, the company offers payment solutions, suc...

P.O. BOX: 27778

Doha,  

Qatar

Founded in 2008

Phone:

974 4448 8888

Fax:

974 4448 8889

Key Executives for Barwa Bank

Acting Chief Executive Officer
Chairman of The Board and Managing Director
Group Chief Financial Officer
Chief Operating Officer
Age: 61
Chief Executive Officer of The First Investor
Compensation as of Fiscal Year 2017.

Barwa Bank Key Developments

Masraf Al Rayan, Bank Of Qatar And Barwa Bank Are In Planned Phase Of Three Way Merger

Masraf Al Rayan (Q.P.S.C.) (DSM:MARK), International Bank of Qatar Q.S.C. and Barwa Bank are in the due diligence phase of a planned three-way merger that would create the largest Islamic bank in Qatar.

Merger Of Three Qatari Banks To Take Six Months

The merger of Qatari banks Masraf Al Rayan (Q.P.S.C.) (DSM:MARK), Barwa Bank and International Bank of Qatar Q.S.C. will take six months to complete, Masraf Al Rayan's Chairman Hussain Ali Al-Abdullah said on April 2, 2017. The new bank, which would be run in compliance with Islamic banking principles, would have assets worth more than QAR 160 billion. “I think the merger will finish within six months. There will be a lot of synergy between the three banks," Abdullah told reporters at Masraf's annual general meeting on April 2, 2017. Masraf Al Rayan, an Islamic lender, has appointed KPMG and PricewaterhouseCoopers as merger advisers, along with law firm Allen & Overy as legal adviser, said Abdullah, adding that Barwa Bank and International Bank of Qatar had also chosen advisers.

Barwa Bank Announces Earnings Results for the Full Year of 2016

Barwa Bank announced earnings results for the full year of 2016. The company posted a net profit of USD 202.89 million for 2016, while earnings per share grew to QAR 2.49.

Similar Private Companies By Industry

Company Name Region
Barwa Bank Middle East/Africa
International Bank of Qatar Q.S.C. Middle East/Africa
Arab Bank PLC (Qatar) Middle East/Africa
BMI Qatar Middle East/Africa
HSBC Bank Middle East Limited - Qatar Branch Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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