Qatar National Bank SAQ (QNBK), the Persian Gulf country’s biggest lender by assets, reported a greater- than-estimated increase in first-quarter profit on higher income from lending.

Net income rose 35 percent to 1.7 billion riyals ($467 million), or 3.4 riyals a share, from 1.27 billion riyals, or 2.5 riyals, a year earlier, the Doha-based bank said in a statement today. The median estimate of three analysts was for profit of 1.62 billion riyals, according to data compiled by Bloomberg……………………………………..Full Article: Source