QNB Group reports net profit increase of 13.7% to US$2.6 billion - Business Intelligence Middle East - bi-me.com - News, analysis, reports:
" The capital adequacy ratio stood at 15.6% as at 31 December 2013, higher than the regulatory requirements of Qatar Central Bank and the Basel Committee. The Group is keen to maintain a strong capitalisation in order to support future strategic plans.
QATAR. QNB Group, the World’s Strongest Bank and the leading bank in the Middle East and North Africa, continued to record robust growth in profitability, with Net Profit for 2013 amounting to QR9.5 billion (USD2.6 billion), up by 13.7% compared to 2012.
These results include the financial results of QNB ALAHLI in Egypt, in which the Group concluded the acquisition of a controlling stake amounting to 97.12% in March 2013."
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