DUBAI - Qatar's second-largest bank by market value, Masraf Al Rayan MARK.QA reported a 6.5 percent increase in third-quarter net profit on Monday.

Net profit for the three months to Sept. 30 was 542 million riyals ($148.9 million), Reuters calculated based on nine-month results provided by the company.

EFG Hermes had forecast a quarterly net profit of 502 million riyals while QNB Financial Services forecast a net profit of 508 million.

($1 = 3.6400 Qatar riyals)

(Reporting by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))