Commercial Bank of Qatar net profit dips 5.6% | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.:
"Commercial Bank of Qatar, the Gulf Arab state's second-largest lender by assets, said on Tuesday its second-quarter net profit dropped 5.6 percent as the bank provisioned against a local real estate loan.
The bank made a net profit of 518 million riyals ($142.3 million) in the second quarter, it said in a bourse filing. This compared with 545.7 million riyals last year.
The figure missed the average forecast of analysts, who had expected a quarterly profit of 530.6 million riyals, according to a Reuters poll."
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