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Qatar Islamic Bank 9-mth net profit rises 12.8 pct
October 20, 2014 / 12:26 PM / 3 years ago

Qatar Islamic Bank 9-mth net profit rises 12.8 pct

DUBAI, Oct 20 (Reuters) - Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, reported a 12.8 percent jump in nine-month net profit on Monday.

The Islamic lender made a net profit of 1.1 billion riyals ($300 million) during the period, a company statement said, up from 975.1 million riyals in the same period a year ago.

The bank did not provide a breakdown of third-quarter earnings. Analysts on average forecast the lender would make a net profit of 378.05 million riyals for the period in a Reuters poll.

Reporting By Tom Arnold; reporting by Matt Smith

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