Qatar Islamic Bank (QIB), the Gulf state’s second-largest lender by market value, posted an 3.5 percent drop in third-quarter net profit on Wednesday as a big jump in provisions impacted quarterly earnings.
The bank made a net profit of QAR393.1m (US$108m) in the three months to September 30, compared with QAR407.2m in the same period a year ago, according to Reuters calculations………………………………………..Full Article: Source