ArabFinance: Qatari National Alahli (QNBA) registered an annual decline in its consolidated net profit during the first quarter (Q1) ended March 31st, according to an EGX statement.
The bank posted EGP 1.869 billion worth of consolidated net profit in Q1-20, down from EGP 2.022 billion in Q1-19.
Meanwhile, the standalone net profit of QNB Alahli decreased to EGP 1.920 billion from EGP 1.912 billion.
It is worth noting that in 2019, QNB Alahli achieved a consolidated net profit of EGP 8.522 billion.
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