UPDATE 1-Qatar National Bank Q4 profit rises 5.2 pct, below two forecasts

UPDATE 1-Qatar National Bank Q4 profit rises 5.2 pct, below two forecasts:

"Qatar National Bank (QNB) , the Gulf’s largest lender, on Tuesday reported a 5.2 percent increase in fourth-quarter net profit, missing two analysts’ forecasts as provisions for bad loans jumped. The bank made a net profit of 2.85 billion riyals ($783 million) in the three months to Dec. 31, compared with 2.71 billion riyals in the corresponding period of 2016, Reuters calculated in the absence of a quarterly breakdown. SICO Bahrain forecast the bank would make a net profit of 3.54 billion riyals, while EFG Hermes expected a net profit of 3.30 billion riyals."



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