Wednesday, 5 October 2011

Qatar's QNB sees net profit jump 27 pct | Reuters

Qatar National Bank (QNB), the Gulf Arab state's largest lender, reported a 26.7 percent jump in quarterly net profit on Wednesday, buoyed by an overall increase in loans and advances and financing activities during the course of the year.

The bank made a third-quarter net profit of 1.9 billion riyals ($521 million), according to Reuters calculations, compared with 1.5 billion riyals in the same period last year.

Reuters calculated the net profit figure from the company's previous financial statements.


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