QNB nine-month net profit falls as it books more provisions | Reuters

QNB nine-month net profit falls as it books more provisions | Reuters:

Qatar National Bank's QNBK.QA net profit in the nine months ending in September fell to 9.5 billion riyals ($2.61 billion), down 15% from a year earlier.

The Gulf’s biggest lender set aside additional loan loss provisions of 1.9 billion riyals, it said on Sunday.

Operating income in the first nine months of 2020 rose 1% to 19.2 billion riyals.