Commercial Bank of Qatar Q1 net profit rises 8 pct
DUBAI, April 29
DUBAI, April 29 (Reuters) - Commercial Bank of Qatar , the Gulf Arab state's second-largest lender by assets, posted an 8 percent increase in first-quarter profit on Tuesday, beating estimates.
The bank earned a net profit of 548 million riyals ($150.5 million) for the opening three months of 2014, compared with 506 million riyals in the same period last year, it said in a statement.
Analysts had forecast an average quarterly profit of 468.5 million riyals, according to a Reuters poll. ($1 = 3.6409 Qatar Riyals) (Reporting by Olzhas Auyezov; Editing by Andrew Torchia)