October 10, 2018 / 11:15 AM / 12 days ago

Qatar National Bank Q3 profit rises 3.5 pct

DUBAI, Oct 10 (Reuters) - Qatar National Bank’s (QNB) third-quarter net profit rose 3.5 percent, the largest bank by assets in the Middle East and Africa reported on Wednesday.

Net profit rose to 3.72 billion riyals ($1.02 billion) in the three months to Sept 30 from 3.60 billion a year earlier, it said.

SICO Bahrain forecast the bank would make a net profit of 3.72 billion riyals, while EFG Hermes expected a net profit of 3.64 billion.

The bank said the growth of its assets and liabilities had been partly affected by a weaker Turkish lira.

$1 = 3.6400 Qatar riyals Reporting by Tom Arnold; editing by Jason Neely

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