Doha – Mubasher: Qatar National Bank (QNB) posted on Wednesday a rise of 7.1% year-on-year in its profits in the first quarter of the fiscal year 2016, according to a bourse filing.
Net profit reached QAR 2.9 billion ($787 million) in the first three months of 2016, versus QAR 2.69 million in ($738.7 million) in the Q1-15 and QAR 2.45 billion ($672.8 million) in Q1-14.
QNB earlier reported a net profit of QAR 11.3 billion ($3.10 billion) in 2015, compared to QAR 10.5 billion ($2.88 billion) in 2014.
The Qatar-listed bank’s stock declined today by 0.36% to QAR 138.92 ($38.15).
