Qatar National Bank, or QNB, reported a near 10 per cent jump in third quarter profit as lending surged, while the Gulf Arab state’s largest lender by market value said it was able to maintain one of the lowest non performing loan ratios in the region.
According to Zawya Dow Jones calculations third quarter net profit increased 9.5 per cent to 2.08 billion Qatari riyals (Dh2.09 billion or $571 million), from 1.90 billion riyals a year ago.
The quarterly result was a touch short of the 2.11 billion riyals that analysts at EFG Hermes had forecast and also missed the 2.22 billion riyals effort that Arqaam Capital had pencilled in.
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