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Islamic Finance Briefing - Categorized | Banking, Performance more

Qatar Islamic Bank 2Q 2010 net profit -35pct on provisions

Posted on 16 July 2010

From Zawya Dow Jones: Qatar Islamic Bank or QIB , the Gulf Arab state’s second-largest lender by market value, posted a 35% drop in second-quarter net profit and missed analyst forecasts as it booked 71.81 million Qatari riyals ($19.72 million) of provisions.
The company, in an emailed statement earlier Wednesday, said profit fell to 300.9 million Qatari riyals ($82.61 million) in the three month period, from QAR462.4 million a year ago……………………………………….Full Article: Source

 
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