QNB’s Q2 net profit up 1.5% | QNB’s Q2 net profit up 1.5% -

QNB’s Q2 net profit up 1.5%

: Thursday, July 10 - 2014 @ 00:07

Qatar National Bank (QNB), the Gulf Arab region’s largest lender, has reported a 1.5% increase in second quarter net profit, despite slowing loan growth, Reuters has reported. The bank made a net profit of QR2.64bn ($725.2m) in the three months to June 30, compared with QR2.6bn in the corresponding period of last year, QNB said. Loans and advances stood at QR326bn at the end of June, up 10.1% year-on-year, the lender said.

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Thursday, July 10- 2014 @ 0:07 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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