#Qatar National Bank first-quarter net profit rises 3.8 percent, loans up 5 percent - Reuters

Qatar National Bank first-quarter net profit rises 3.8 percent, loans up 5 percent - Reuters:

Qatar National Bank (QNB), the Gulf’s largest lender, reported a 3.8 percent increase in first-quarter net profit on Tuesday, broadly in line with analysts’ forecasts.

Net profit in the three months to March 31 was 3.56 billion riyals ($978 million), the bank said in a statement, compared with 3.43 billion riyals in the corresponding period of 2018.

EFG Hermes forecast a higher net profit of 3.71 billion riyals, while SICO Bahrain’s estimate was marginally lower at 3.51 billion riyals.