UPDATE 1-Qatar National Bank posts 4% increase in first-half net profit - Reuters:
Qatar National Bank, the biggest lender in the Gulf region, posted a 4% increase in first-half net profit as loans grew, it said on Wednesday.
The bank reported a net profit of 7.4 billion riyals ($1.97 billion) in the six months to June 30, the bank said in a statement, compared with 7.1 billion riyals reported in the corresponding period of 2018.
The second-quarter profit was 3.84 billion riyals, based on a Reuters calculation, compared to 3.7 billion riyals in the same period a year earlier. EFG Hermes had projected a net profit of 3.77 billion riyals in the second quarter.
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