Qatar reports 5 per cent jump in net profits

The bank’s net profit rose to $1.23 billion from July to September Image Credit: Bloomberg Dubai: Qatar National Bank (QNB), the largest lender by assets in the GCC, reported a 5 per cent year-on-year increase in net profit for the third quarter of 2024, driven by higher loans and advances. The bank’s net profit rose

The bank’s net profit rose to $1.23 billion from July to September
Image Credit: Bloomberg

Dubai: Qatar National Bank (QNB), the largest lender by assets in the GCC, reported a 5 per cent year-on-year increase in net profit for the third quarter of 2024, driven by higher loans and advances.

The bank’s net profit rose to $1.23 billion (Dh4.5 billion) from July to September, with net interest income and net fees and commission income growing by 3 per cent and 20 per cent, respectively.

For the first nine months of the year, QNB’s net profit climbed 7 per cent year-on-year to $3.4 billion (Dh12 billion).

Loans and advances mark an 11 per cent increase compared to the previous year. Total assets grew by 8 per cent, while deposits surged 11 per cent annually to $249 billion (Dh914 billion). Year-to-date, QNB’s shares have increased by 3 per cent, according to Reuters.

主题测试文章,只做测试使用。发布者:duren0459@gmail.com,转转请注明出处:https://exploremenas.com/qatar-reports-5-per-cent-jump-in-net-profits/

Like (0)
duren0459@gmail.com's avatarduren0459@gmail.com
Previous October 9, 2024 7:53 pm
Next October 9, 2024 7:53 pm

相关推荐

Leave a Reply

Your email address will not be published. Required fields are marked *

联系我们

400-800-8888

在线咨询: QQ交谈

邮件:admin@example.com

工作时间:周一至周五,9:30-18:30,节假日休息

关注微信
自6.2开始主题新增页头通知功能,购买用户可免费升级到最新版体验