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FINANCIAL NEWS
Qatar’s QNB profit jumps to 12 percent
13 Jul 2016
(MENAFN) QNB Group in Qatar proclaimed that its net profit touched USD1.7bn in the six months ended June 30, or an increase of 12 percent compared to 2015.
Moreover, whole assets grew by 36 percent from June 2015 to reach USD190bn, the highest ever achieved by the Group.
Meanwhile, the growth in assets was driven by loans and advances which increased by 39 percent to reach USD136bn.
In addition, whole equity grew by 27 percent from June 2015 to reach USD20bn as at 30 June 2016.
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