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FINANCIAL NEWS
QIIB net up to hit QR465m in 6 months
24 Jul 2017
(MENAFN) QIIB revealed that it has gained net profit of near QR465.3mn during the January-June period, marking a 5% increase compared with H1 of 2016.
Meanwhile, the premier Islamic bank’s H1 data was presented yesterday by QIIB chairman and managing director Sheikh Dr Khaled bin Thani bin Abdullah al-Thani.
According to the company’s official, “At the end of the first half of 2017, QIIB earned a net profit of QR465.3mn compared to QR443.1mn in the same period last year, and has therefore witnessed a growth of 5%. This indicates that the bank could benefit from the Qatari economy, which is seeing constant growth thanks to the support and care of HH the Emir, Sheikh Tamim bin Hamad al-Thani.”
QIIB chairman added “QIIB forms part of the Qatari banking sector, which supports and contributes to the development of different economic sectors, all constituting an integral system that boosts the national economy. This creates a suitable environment for business and growth with numerous opportunities, and facilitates betterment of all segments of the Qatari society.”
MENAFN2407201700450000ID1095651077
MENAFN2407201700450000ID1095651077
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