Masraf Al Rayan reports 13.2% rise in 2013 earnings
Qatari bank, Masraf Al Rayan (MAR) has reported a 13.2% year-on-year growth in full-year net profit to QR1.7bn, Gulf Times has reported. The lender’s total assets grew 8% to QR66.5bn in 2013, compared with QR61.6bn in the previous year. Total customer deposits rose 7.4% to QR48.3bn last year from QR45bn in 2012. Shareholders’ equity (before proposed distribution) increased by 9.7% to QR10.5bn, compared with QR9.5bn in December 2012, the bank said.