Commercial Bank of Qatar (CBQ) surpassed analysts' expectations for the third-quarter despite reporting a slight dip in net profit as gains from financial investments off-set a drop in fee and commission income.
The Gulf Arab state's third-largest lender by market value earned 548 million riyals ($150.5 million) for the third-quarter, compared with 552 million riyals a year earlier, a company statement said on Monday.
Analysts had forecast average quarterly profit of 503.2 million riyals, according to a Reuters poll.
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