Qatar's Commercial Bank posts first-quarter profit leap:
"Commercial Bank, Qatar’s third-largest lender by assets, on Tuesday reported a huge 345 percent jump in first-quarter net profit, beating analysts’ forecasts as provisions for bad loans halved. The bank earned a net profit of 405 million riyals ($111 million) in the three months to March 31, it said in a statement, against 91 million riyals in the same period last year. The average forecast from three analysts polled by Reuters was for a quarterly profit of 329.5 million riyals."
'via Blog this'
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