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Qatar National Bank (QNB), the Gulf Arab state’s largest lender, reported a 40 percent jump in quarterly profit on Monday on increased lending and a surge in deposits. It is 50 percent owned by sovereign wealth fund Qatar Investment Authority.
The bank’s fourth-quarter net profit rose to QR2.1bn ($576.6m), according to Reuters calculations, from QR1.5bn a year earlier…………………………………….Full Article: Source
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Sovereign Wealth Funds Briefing - Categorized | Performance
Qatar’s largest lender posts 40pct rise in Q4 profit
| Posted on 10 January 2012 |
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