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Doha Bank Q.P.S.C. has mandated Crédit Agricole CIB, DBS Bank Ltd., Emirates NBD Capital, ING, KIS Asia, Mashreq, QNB Capital, RAKBANK, Santander and Standard Chartered Bank as joint lead managers, with Commercial Bank of Qatar acting as co-manager and bookrunner, the bank said in a statement. The appointments are to arrange a series of fixed income investor calls and meetings on the bank’s behalf. A long five-year benchmark Reg S offering under the bank’s Euro Medium Term Note programme may follow, subject to market conditions. The bank increased the size of its EMTN programme to $4.25 billion earlier in 2026.
The move comes days after the bank reported a net profit of QR681 million for the first nine months of 2026, according to its financial disclosure. Total assets stood at QR125.3 billion at the end of September, a 5 percent increase from the same period a year earlier, while net loans and advances grew 16.1 percent to QR73.4 billion. Operating income rose 4.8 percent to QR2.1 billion over the same timeframe, even as customer deposits declined 2.1 percent to QR52.2 billion.
Management highlighted plans to issue bonds as part of efforts to bring the loan-to-deposit ratio below 100 percent by the end of the year, the bank said during its earnings discussion. The latest mandate follows a successful $500 million five-year Reg S issuance completed in March 2025 that attracted strong demand and was later tapped to $775 million. Doha Bank carries ratings of Baa1 from Moody’s and A from Fitch, both with stable outlooks.
The Qatar Investment Authority and the General Retirement and Social Insurance Authority together hold a 23.62 percent stake in the bank through the Qatar Investment Authority and the Civil Pension Fund, according to available ownership data. This government-linked ownership has supported the lender’s standing in international debt markets. The bank maintains a Common Equity Tier 1 ratio of 12.79 percent and a total capital adequacy ratio of 18.67 percent, figures that provide a buffer for further funding activities.
Doha Bank’s most recent bond activity built on earlier EMTN transactions that diversified its funding base beyond customer deposits. The planned investor meetings are expected to gauge appetite among global accounts for Qatari financial institutions amid prevailing interest rate expectations. Any issuance would support the bank’s strategy of paced loan growth targeting 5 percent for the full year while managing liquidity and legacy assets.
