QNB posts modest rise in Q1 profit as loan loss charge rises - Reuters:
Qatar National Bank, the Gulf’s biggest lender, on Sunday posted a 1% rise in first-quarter net profit, as a double-digit rise in loan growth was partially offset by a jump in loan loss charges linked to the coronavirus outbreak.
The Qatari lender said loan loss provisioning rose 272 million riyals ($75 million).
Net profit was 3.6 billion riyals ($989 million), up from 3.56 billion riyals a year earlier, it said in a statement.
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