Qatar National Bank Q1 Net Profit Up 10.1%, Beats Forecast - Gulf Business
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Qatar National Bank Q1 Net Profit Up 10.1%, Beats Forecast

Qatar National Bank Q1 Net Profit Up 10.1%, Beats Forecast

The bank reported a net profit of $741.7 million for the first quarter of 2015.

Qatar National Bank (QNB), the largest lender in the Gulf Arab region, reported a 10.1 per cent increase in first-quarter net profit on Wednesday, beating analysts’ expectations.

The bank reported a net profit of QAR2.7 billion ($741.7 million) for the three months to March 31, compared with QAR2.4 billion in the corresponding period of last year, a company statement said.

Five analysts polled by Reuters on average forecast a net profit of QAR2.63 billion for the quarter.

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