Qatar National Bank (QNB), the Gulf state's largest lender by market value, posted a 34.8 percent rise in first-quarter net profit on Wednesday boosted by strong loan growth and a jump in interest income.
Net profit in the three months to March 31 rose to 1.7 billion riyals ($467.3 million), the company said in a statement, compared with 1.27 billion riyals in the prior year period.
QNB is the first major regional lender to report earnings and is closely watched for indications of the sector's performance.
No comments:
Post a Comment