.
.
.
.

Qatar National Bank’s half-year net profit up 6 percent as loans expand

Published: Updated:

Qatar National Bank (QNB), the Gulf’s biggest lender, posted a 6 percent increase in six-month net profit, helped by strong loan growth, it said on Sunday.

For the latest headlines, follow our Google News channel online or via the app.

QNB posted a net profit of 6.8 billion Qatari riyals ($1.8 billion) in the period that ended June 30, up from 6.395 billion riyals in the same period a year earlier.

Loans and advances grew 6 percent, which it said was the main driver asset growth.

Read more:

Citi’s corporate, investment banking revenue from Saudi Arabia nearly tripled: Exec

Ukrainian lawmakers approve bill to strengthen central bank independence

Saudi Arabia to launch STC Bank, Saudi Digital Bank after necessary licenses granted