Wednesday 13 January 2010

Qatar Nat'l Bank Q4 net up 65 pct, beats forecast

Qatar National Bank QNBK.QA, the Gulf state's largest lender, made a fourth-quarter net profit of 1.07 billion riyals ($294.1 million), according to Reuters calculations, up 65 percent and beating forecasts.

The bank posted a net profit of 4.2 billion riyals for 2009, up 15 percent from 2008, the lender said in a statement on Tuesday.

The statement did not give quarterly earnings figures, which Reuters calculated based on earlier statement and Reuters data.

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