Commercial Bank of Qatar 2017 Net Profit Rises 20%

The transcript discusses the financial performance of a Qatari bank, highlighting a rise in net profit and asset growth despite challenges. The bank's CEO, Joseph Abrahamz, outlines strategies for improving profitability, including focusing on public sector growth and potential M&A activities. The bank aims to strengthen its position in Qatar and expand in Turkey. Funding costs are expected to rise slightly due to the blockade, but demand remains strong. The bank is also in talks to sell its stake in United Arab Bank, with plans to reinvest in Qatar and Turkey.

What percentage did the public sector grow last year?

What are the expected impacts of the blockade on funding costs?

What is the bank's strategy regarding investments in Turkey?