DOHA: Qatar’s top banks delivered a combined net profit of a solid QR12bn for the first half of 2018, up 10.6 percent compared to QR10.85bn reported during the same period a year ago. Among the largest eight banks, QNB led the pack by recording QR6.65bn net profit or 6.67 percent up from H1, 2017, Qatar Stock Exchange (QSE) disclosed.

The Commercial Bank, which delivered QR855m in net profit, recorded an impressive 376.1 percent year-on-year growth. While the Islamic lender QIB posted 13.75 percent growth, the net profits of other two Islamic banks Masraf Al Rayan and QIIB grew by 4.5 percent and 4.02 percent, respectively.

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Banking Industry News


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