Qatar Islamic Bank (QIB) , the Gulf state's second-largest lender by market value, posted an 8.7 percent drop in second-quarter net profit on Wednesday, Reuters calculations show, missing analysts' expectations.
The bank made a net profit of 348.9 million riyals ($95.8 million) for the quarter, according to Reuters calculations, falling short of the 382 million riyals it recorded a year earlier and below analysts' average forecast of 397.8 million riyals.
It made a first-half net profit of 736.9 million riyals, a five percent increase from the year-earlier period, the lender in a statement. QIB did not provide quarterly numbers in the statement.
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