QNB assets soar to highest level ever

Doha – Mubasher: Qatar National Bank (QNB) reported on Wednesday a 10.7% year-on-year rise in total assets in 2015 to QAR 539 billion, the highest level ever reached by the bank.

The largest lender in the Gulf Arab region attributed the strong growth to the rise of 14.8% in loans and advances as they totaled QAR 388 billion.

The bank announced today a net profit of QAR 11.3 billion in 2015, with a rise of 8% y/y.

Mubasher Contribution Time: 13-Jan-2016 12:40 (GMT)