#Qatar National Bank nine-month net profit rises 4% to 11.2 billion riyals - Reuters

Qatar National Bank nine-month net profit rises 4% to 11.2 billion riyals - Reuters:

Qatar National Bank (QNB) (QNBK.QA), the Gulf’s largest lender, reported a 4% increase in nine-month net profit to 11.2 billion riyals ($3.1 billion) on Wednesday, broadly in line with analyst estimates.

Third-quarter net profit was 3.8 billion riyals in the three months to Sept. 30 according to a Reuters calculation, up from 3.72 billion riyals in the corresponding period of 2018.


EFG Hermes had forecast a third-quarter net profit of 3.763 billion riyals, while SICO Bahrain estimated net profit of 3.9 billion riyals.