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Islamic Finance Briefing - Categorized | Banking, Performance more

QNB profit rises 17pct to QR2bln in first quarter

Posted on 05 April 2012

QNB has reported a 17% rise in net profit to QR2bn in the first three months of this year. Total operating income increased to QR2.8bn, up 24.4% over the same period of 2011, as the bank succeeded in achieving strong growth across the range of revenue sources.
Net interest income and income from Islamic financing rose 31.6% to reach QR2.2bn, said QNB, which recently received an “overwhelming” interest from regional and international investors for its debut five-year bond issue under Euro Medium Term Note Programme for $1bn at a coupon rate of 3.375%………………………………………..Full Article: Source

 
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