Qatar National Bank (QNB), one of the Middle East’s top commercial banks, reported QAR 5.59 billion in net profit in H1-2015, a 10.2 percent increase compared to the same period last year.
The bank reported a net profit of QAR 2.91 billion in Q2, attributed to an 8 percent growth in operating revenue, which reached QAR 8.2 billion.
Total assets increased by 9.7 percent from June 2014 to reach QAR 511 billion, a record level for the bank, it said in a statement on Wednesday.
The bank also maintained its non-performing loans (NPL) to gross loans ratio at 1.5 percent.
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