Qatari banks performed well in 2011 and are projected to record double-digit growth in their net profits this year due to rise in domestic credit, according to a Kuwait investment bank.
“For 2012, we forecast a 20.4 per cent increase in the net profit of Qatari National Bank (QNB) while for Commercial Bank of Qatar growth is expected to be 19.2 per cent and Doha’s to be 12.6 per cent….for the two Islamic banks, growth is expected to be 14.5 per cent,” Global Investment House (GIH) said in a study………………………………………..Full Article: Source