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Qatar National Bank books net profit of USD550m in Q1 2012.(Financial report)
(From Banking and Credit News)
BANKING AND CREDIT NEWS-April 5, 2012--Qatar National Bank books net profit of USD550m in Q1 2012 (C)2012 M2 COMMUNICATIONS http://www.m2.com
5 April 2012 - Qatar National Bank's net profit climbed to QAR2bn (USD550m/EUR418m) in the first three months of 2012, against QAR1.7bn in the same period last year, the Qatar-based lender said on Wednesday. The increase in net profit came on the back of a 24.4% jump in total operating income to QAR2.8bn in the quarter, which was a result of robust growth across the bank's diversified revenue sources. Net interest income and income from Islamic financing activities grew 31.6% to QAR2.2bn, net …
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