Qatar National Bank Full-Year Profit Gains 36%, Beats Estimates
This article is for subscribers only.
Qatar National Bank SAQ, the Persian Gulf country’s biggest lender, said full-year profit rose 36 percent, beating analysts’ estimates, amid rising loans and deposits.
Net income rose to 5.7 billion riyals ($1.57 billion), the Doha-based bank said in an e-mailed statement today. The median estimate of 11 analysts was for a profit of 5.57 billion riyals, according to data compiled by Bloomberg.