Qatar National Bank, the Gulf Arab state's largest lender by market value, reported a 17.4 percent rise in quarterly profits on Wednesday, in results that fell just shy of analyst estimates.
First quarter net profit rose to 2 billion riyals ($549.3 million) in the three months to March 31, compared with 1.7 billion riyals in the prior year period, the bank said in a statement.
An average of five analysts saw a net profit of 2.1 billion riyals, according to a Reuters survey.
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