Monday, Jan 09, 2012
DOHA (Zawya Dow Jones)--Qatar National Bank (QNBK.DO), the Gulf Arab state's largest lender by market value, said Monday its full-year 2011 net profit rose 32% on year to 7.5 billion Qatari riyal ($2.05 billion), thanks to a strong growth in interest income.
According to Zawya Dow Jones calculations, fourth-quarter net profit stood at QAR2.08 billion, up 34% from QAR1.55 billion a year earlier.
The bank's fourth-quarter effort beat the QAR1.94 billion predicted by analysts at Global Investment House and the QAR1.47 billion forecast by Cairo-based Beltone Financial.
QNB shares Monday closed down 0.3% at QAR152.90 in a broadly negative market.
-By Alex Delmar-Morgan, Dow Jones Newswires; +974 6659 9818; alex.delmar-morgan@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
09-01-12 1309GMT
