January 14, 2020 / 11:34 AM / 12 days ago

Qatar National Bank's 2019 net profit up 4%, beats forecast

Jan 14 (Reuters) - Qatar National Bank, the Gulf’s biggest bank by assets, on Tuesday posted a 4% rise in annual profit, beating analysts’ forecasts, as earnings were boosted by a double-digit growth in loans.

QNB reported a net profit of 14.4 billion riyals ($3.95 billion) in 2019, up from 13.8 billion riyals in 2018, it said in a statement.

The profit was above the mean forecast of 13.9 billion riyals by analysts, according to Refinitiv.

$1 = 3.6400 Qatar riyals Reporting by Eric Knecht and Saeed Azhar, editing by Davide Barbuscia

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below