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Islamic Finance Briefing - Categorized | Banking, Performance more

Qatar Islamic Bank Q1 net profit jumps 21 pct

Posted on 12 April 2012

Qatar Islamic Bank (QIB) , the Gulf state’s second-largest lender by market value, posted a 20.9 percent jump in first-quarter net profit, beating analysts’ forecasts, on increased fee income and growth in core business activities.
The bank made a net profit of 388 million riyals ($106.6 million), it said in a statement on Wednesday, exceeding the 321 million riyals it recorded a year earlier and above analysts’ average forecast of 351.5 million riyals………………………………………..Full Article: Source

 
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