| Driven by a strategy to focus on the rapidly growing local economy, International Islamic (QIIB) has posted a first quarter net profit of QR175.5mn, up 10.4% on Q1, 2011.
The bank’s operating income grew 13.5% quarter-on-quarter to QR309.6mn Q1, 2012. QIIB chairman and managing director Sheikh Dr Khalid bin Thani al-Thani the results clearly indicated the bank’s “very strong position” in the local industry and its success in utilising the “conducive, business-friendly and pro-growth” environment in Qatar...............................................Full Article: Source
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