From Gulf-times.com: QNB yesterday reported 4% growth in its net profit to QR3.13bn in the first nine months of this year as its provisions for expected loan losses more than quadrupled and net non-interest income declined.
In the third quarter (July-September), the country’s largest lender’s net profit dipped about 8% to QR1.06bn, while its provisions for expected loan losses jumped 10-fold, according to its financial statement filed with the Qatar Exchange. QNB is 50% owned by Qatar Investment Authority……………….Full Article: Source