Qatar Islamic Bank (QIB), the country’s second-largest lender by market value, said fourth-quarter net profit fell more than 50 percent due to higher provisions.
The bank made a net profit of QR110 million ($30.2 million) in the three months to December 31, according to Reuters calculations, compared with QR265 million in the same period a year ago and widely missing analysts’ average forecast of QR328.58 million………………………………………..Full Article: Source