Qatar International Islamic posts 10.2% rise in Q1 profit
Qatar International Islamic Bank (International Islamic) has reported a 10.2% increase in its net profit for the first quarter of 2014 to QR204m, compared with QR185m in the same quarter a year ago, the Peninsula has reported. Total income in the quarter grew to QR362.2m from QR335.9m in the corresponding period last year. Total assets reached QR34bn in the first quarter, compared with QR29.3bn a year earlier. Deposits totalled QR24.7bn, a growth of 21% over the corresponding period in 2013.