Doha - Mubasher: Qatar First Bank (QFB) achieved profits of QAR 3.4 million ($933,000) in the third quarter of 2016, according to the bank’s press release issued on Wednesday.
The bank also reported an increase in revenues in the third quarter of the year by 39% year-on-year to QAR 491 million.
“We envision that the global economic backdrop will remain challenging for the remainder of this year; however, we will continue to push ahead to develop innovative financial solutions and source attractive investment opportunities for our individual and institutional clients,” said Ziad Makkawi, CEO of QFB.
We are transforming from being an investment focused to an investor focused entity. This is being reflected in the continued development of our Shari’ah compliant offering across all business lines, he added.
