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Qatar’s QIIB revenue grows by 6pct in Q1

26 Apr 2017

(MENAFN) QIIB revenue for the first quarter of this year hit QR236.5mn, up 6 percent, compared to QR223mn posted a year earlier, while its growth in fiscal portfolio reached QR29.3bn.

Accordingly, the outstanding results confirm that the Bank has been able to benefit from the upward trend in economic growth and the other positive factors offered by the Qatari economy.

Additionally, the strong demand on the Bank’s services has stimulated different financing activities, which led to an increase in its financing portfolio and customer deposits.

Meanwhile, the continued installation of different major projects and infrastructure projects and those linked to the World Cup will give more push to the national economy.

MENAFN2604201700450000ID1095420436

MENAFN2604201700450000ID1095420436

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