Wednesday 25 January 2012

UPDATE 1-Commercial Bank of Qatar Q4 profit jumps 22 pct | Reuters

Commercial Bank of Qatar (CBQ), the Gulf state's third-largest lender by market value, reported a 22 percent jump in fourth-quarter profit on Wednesday on increased lending and deposits.

CBQ made a net profit of 376 million riyals ($103.3 million), up from 309 million riyals in the same period last year but trailed analysts' average forecasts of 444.1 million riyals. [ID: nLDE80503R]

The bank made a full-year net profit of 1.9 billion riyals, it said in a statement.

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