(MENAFN) On Monday, Masraf Al Rayan registered a 5% year-on-year increase in profits for the second quarter of 2018.
Net profits reached QAR 534.82 million (USD146.92 million) in Q2-18, compared to QAR 509.64 million (USD139.99 million) in Q2-17, according to the bank's statement to the Qatar Stock Exchange (QSE).
For the first half of 2018, net profits of the Qatar-based Islamic bank surged 4.5% to QAR 1.06 billion, from QAR 1.02 billion in the same period of the prior year.
The bank's assets continued its growth increasing 7.8% to QAR 100.44 billion, the statement showed.
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