Qatar National Bank Q2 Net Profit Edges Up, Beats Estimates » Gulf Business

Qatar National Bank Q2 Net Profit Edges Up, Beats Estimates » Gulf Business:



"Qatar National Bank (QNB), the largest lender in the Gulf Arab region, posted a 1.5 per cent rise in second quarter net profit on Tuesday, beating analysts’ expectations despite slowing loan growth.



The bank, whose results are generally seen as a bellwether for the sector’s performance in Qatar, made a net profit of QAR2.64 billion ($725.2 million) in the three months to June 30, compared with QAR2.6 billion in the corresponding period of last year, according to its financial statement.



Analysts polled by Reuters on average forecast QNB would make a quarterly net profit of QAR2.53 billion."



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