DUBAI, Oct 11 (Reuters) - Qatar National Bank (QNB), the Gulf’s largest lender, on Wednesday reported a 7 percent increase in third-quarter net profit, Reuters calculations showed.
The bank reported a net profit of 3.65 billion riyals ($1 billion) for the three months to Sept. 30, Reuters calculated in the absence of a quarterly breakdown.
That topped EFG Hermes’ forecast of 3.46 billion riyals and a SICO Bahrain forecast of 3.51 billion.
For the first nine months of the year the bank reported a net profit of 10.3 billion riyals, up 6 percent.
$1 = 3.6415 Qatar riyals Reporting by Tom Arnold; editing by Jason Neely