Qatar National Bank says Q1 net profit up 7% | ZAWYA MENA Edition

Qatar National Bank says Q1 net profit up 7% | ZAWYA MENA Edition:

"Qatar National Bank (QNB), the largest bank in the Middle East and Africa by assets, reported a 7 percent increase in first-quarter net profit, propelled by a double-digit jump in loan growth.

Net profit rose to 3.4 billion riyals ($933.9 million) for the three months to March 31.

That was broadly in line with the forecasts of two analysts polled by Reuters. SICO Bahrain forecast the bank would make a net profit of 3.4 billion riyals, while EFG Hermes had expected a net profit of 3.5 billion. "



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