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Islamic Finance Briefing - Categorized | Banking, Performance more

Qatar National Bank Q2 net profit rises 35 pct

Posted on 07 July 2010

From Reuters: Qatar National Bank(QNB), the Gulf state’s largest lender by market capitalisation, posted a 35.4 percent jump in second-quarter profit , beating market forecasts, as loans and customer deposits grew. The bank had posted net profit of 1.27 billion riyals in the first quarter of 2010, mainly from growth in its Islamic banking business and a surge in lending.
Net profit in the three months to June 30 rose to 1.43 billion riyals ($393.1 million), according to Reuters calculations, above the average estimate of 1.26 billion in a Reuters survey of analysts……………………………………….Full Article: Source

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