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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

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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