Qatar Islamic Bank Q1 net profit 388 mln riyals

DUBAI, April 11 | Wed Apr 11, 2012 2:16pm BST

DUBAI, April 11 (Reuters) - Qatar Islamic Bank (QIB) , the Gulf state's second-largest lender by market value, posted a 20.9 percent jump in first-quarter net profit, the bank said in a statement on Wednesday.

The bank made a net profit of 388 million riyals ($106.6 million), compared with 321 million riyals a year earlier. ($1 = 3.6410 Qatar riyals) (Reporting by Regan Doherty; Editing by David French)

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