FINANCIAL NEWS

Intl’ Bank of Qatar profit grows by 25pct

13 Feb 2017

(MENAFN) International Bank of Qatar’s revenue for last year increased to 25 percent to QR500.3mn as compared to QR400.1mn for 2015.

Additionally, operating income grew 5 percent to QR784.1mn due to a 3 percent increase in foreign exchange to QR68.1mn.

Moreover, the bank also expanded its retail distribution network amid the year and focused on its strategic initiatives to grow the personal and business banking business segments.

Loans and Advances of QR21.3bn in the cited period posted an increase of 3 percent when compared to QR20.7bn in 2015.

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MENAFN1302201700450000ID1095244948

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