January 16, 2018 / 11:05 AM / 9 months ago

Qatar National Bank Q4 net profit rises 5.2 pct

DUBAI, Jan 16 (Reuters) - Qatar National Bank (QNB) , the Gulf’s largest lender, on Tuesday reported a 5.2 percent increase in fourth-quarter net profit, according to Reuters calculations.

The bank made a net profit of 2.85 billion riyals ($783 million) in the three months to Dec. 31, compared with 2.71 billion riyals in the corresponding period of 2016, Reuters calculated in the absence of a quarterly breakdown.

QNB said it made an annual profit of 13.1 billion riyals, up 6 percent from a year earlier.

SICO Bahrain forecast the bank would make a net profit of 3.54 billion riyals, while EFG Hermes expected a net profit of 3.30 billion riyals.

$1 = 3.6400 Qatar riyals Reporting By Tom Arnold; Editing by Saeed Azhar

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