Commercial Bank of Qatar (CBQ), which is eyeing a majority stake in Turkey's Alternatifbank, posted a 19 percent jump in fourth-quarter net profit on Sunday on increased lending, but still trailed analysts' forecasts.
The bank earned 447 million riyals ($122.8 million) for the fourth quarter, compared with 376 million riyals a year earlier, a company statement said.
Analysts had forecast an average quarterly profit of 452.4 million riyals, according to a Reuters poll.
UPDATE 1-Qatar's CBQ posts 19 pct Q4 profit jump, misses estimates | Reuters
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