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FINANCIAL NEWS
Qatar’s QNB revenue jumps to 10pct
16 Jan 2017
(MENAFN) QNB Group recorded an increase in its income of USD3.4bn for the year ended Dec 2016, up by 10 percent from last year.
Furthermore, whole assets reached USD198bn, a 34 percent increase from Dec 2015, the best results in the group’s history.
In addition, the growth in assets was driven by loans and advances which grew by 34 percent to reach USD143bn.
Meanwhile, the group was able to maintain the ratio of non-performing loans to local loans at 1.8 percent.
M
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