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Islamic Finance Briefing - Categorized | Banking, Performance more

Commercial Bank of Qatar reports 33pct rise in Q4 profit

Posted on 20 January 2010

From Arabianbusiness.com: Commercial Bank of Qatar reported a 33 percent rise in fourth quarter net profit, despite taking a QR170m hit related to a corporate default, which the lender intends to recover.

Qatar’s third-largest bank by market value posted a net profit of QR186m in the fourth quarter from QR140m in the same period in 2008…………………………………Full Article: Source

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