QNB expects to grow by 10% in 2012 on the back of Qatar’s economic expansion, bank chairman and HE the Minister of Finance and Economy, Yousef Hussein Kamal has said. The minister said, “Though we miss our Islamic division, QNB is pretty confident it will be able to recoup what it actually missed through its activities.”
“It is true our profit from the Islamic division got halved by about 50% in 2011. The profit we earned from our Islamic division in 2010 was about QR900mn. In 2012, we don’t have the Islamic branch,” Kamal said. ……………………………………….Full Article: Source