DUBAI, July 23 Commercial Bank of Qatar (CBQ)
, the Gulf Arab state's second-largest lender by
assets, suffered a 3 percent decline in second-quarter net
profit, Reuters calculations based on half-year figures from the
bank showed on Wednesday.
The bank earned a net 502.6 million riyals ($138.1 million)
in the three months to June 30, compared with 518.2 million in
the same period last year, Reuters calculated. Analysts had on
average forecast a quarterly profit of 512.8 million, according
to a Reuters poll.
CBQ said in a bourse filing it had made a net 1.05 billion
riyals in the first six months of 2014, up 3 percent on the same
period last year. It gave no quarterly breakdown so Reuters
calculated the figure using financial statements.
($1 = 3.6404 Qatar Riyals)
(Reporting by David French; Editing by David Holmes)