UPDATE 1-Qatar National Bank sees Q2 boost in net interest income | Reuters

UPDATE 1-Qatar National Bank sees Q2 boost in net interest income | Reuters:

Qatar National Bank (QNB) reported a 6.3 percent increase in second-quarter net profit on Wednesday, as a rise in net interest income helped offset an increase in bad loans for the Middle East and Africa’s largest lender.

The bank made a net profit of 3.67 billion riyals ($1.01 billion) in the three months to June 30, compared with 3.45 billion riyals in the corresponding period of 2017, according to a financial statement.

Reuters had earlier calculated the profit rise at 5.7 percent in the initial absence of a quarterly breakdown, with the difference largely due to rounding.