Qatar National Bank (QNB), the Gulf Arab state's largest lender, reported a 40 percent jump in quarterly profit on Monday on increased lending and a surge in deposits.
The bank's fourth-quarter net profit rose to 2.1 billion riyals ($576.6 million), according to Reuters calculations, from 1.5 billion riyals a year earlier.
The lender said annual net profit jumped 32 percent to 7.5 billion riyals in 2011. It earlier reported a nine-month net profit of 5.4 billion riyals.
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