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Qatar National Bank shares gain, semi-annual profit up by 7 per cent

: Tuesday, July 08 - 2014 @ 18:44

The shares of Qatar National Bank or QNB, the biggest lender in Qatar, advanced by 1.74 per cent to hit QAR175.

Earlier in the day, QNB said or the six months of 2014, the net income was QAR5.1 billion ($1.4 billion), up by 7.0 per cent compared to last year.

The lender said “The Group’s prudent cost control policy and strong revenue generating capability allowed it to maintain an efficiency ratio (cost to income ratio) of 21.5 per cent, claiming it was “one of the best ratios” among financial institutions in the region.



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Tuesday, July 8- 2014 @ 18:44 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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