Wednesday 5 October 2011

Qatar's QNB sees net profit jump 27 pct | Reuters

Qatar National Bank (QNB), the Gulf Arab state's largest lender, reported a 26.7 percent jump in quarterly net profit on Wednesday, buoyed by an overall increase in loans and advances and financing activities during the course of the year.

The bank made a third-quarter net profit of 1.9 billion riyals ($521 million), according to Reuters calculations, compared with 1.5 billion riyals in the same period last year.

Reuters calculated the net profit figure from the company's previous financial statements.


No comments:

Post a Comment