Qatar National Bank quarterly profit jumps, loan growth dips again | GulfNews.com

Qatar National Bank quarterly profit jumps, loan growth dips again | GulfNews.com:



"Qatar National Bank (QNB), the largest lender in the Gulf Arab region, reported a 20.8 per cent jump in third-quarter net profit on Sunday after higher fee income offset another quarter of declining loan growth.



The rise in earnings came despite a second successive quarter in which year-on-year lending growth slipped, a statement from the bank showed, reflecting a wider slowdown in lending in the Gulf state.



QNB’s loans and advances stood at 329 million riyals (Dh331 million) at the end of September, up 8.1 per cent from the same point of 2013."



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