Qatar Islamic Bank (QIB) , the Gulf state's second largest lender by market value, posted a 32.6 percent dip in fourth-quarter net profit on Wednesday, missing analysts' forecasts.
QIB made a net profit of 265 million riyals ($72.8 million), according to Reuters calculations, compared with 393 million riyals a year earlier and below analysts' average forecast of 394.2 million riyals.
The bank posted a full-year net profit of 1.37 billion riyals, an 8 percent increase over its 2010 profit due to growth in investment income, which climbed 631 million riyals, a statement said.
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