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Sunday, 15 January 2017

Qatar National Bank seeks growth in SE Asia after Q4 profit rises | GulfNews.com

Qatar National Bank seeks growth in SE Asia after Q4 profit rises | GulfNews.com:

"Qatar National Bank (QNB) is broadening its horizons in Southeast Asia after the Gulf’s largest lender reported a 8.3 per cent rise in fourth-quarter net profit, according to Reuters calculations.
It follows a year in which the bank cemented its position as the largest lender in the Middle East and Africa by assets after completing the 2.7 billion euro purchase of Finansbank, Turkey’s fifth-largest private lender.
The takeover helped lift its fourth-quarter net profit to 2.75 billion riyals ($755 million), compared with 2.54 billion riyals in the corresponding period of 2015, according to Reuters calculations based on the bank’s annual results."



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