Doha – Mubasher: Qatar Islamic Bank (QIB) posted a 10.95% year-on-year decline in its profits during the third quarter of 2016, according to a bourse statement.
Net profits reached QAR 511.74 million ($140.43 million) in Q3-16, compared to QAR 574.65 million ($157.69 million) in Q3-15.
Profits after taxes grew 6.26% to reach QAR 1.56 billion in the first nine months of 2016, compared to QAR 1.47 billion in the prior-year period.
