QNB Q2 net profit up by 10.2 pct

(MENAFN- Kuwait News Agency (KUNA)) The Qatar National Bank (QNB Group) announced Wednesday net profits of about 5.6 billion riyals for the first six month of this year, up by 10.2 percent compared to the corresponding period of last year. (A USD equals QAR 3.64).

This came mainly from the operating revenues of the group that reached 8.2 billion riyals, up by 7.5 percent compared with the same period of 2014, the group said in a press statement.

The earnings per share hit 8 riyals compared with 7.2 on June 30, 2014, the statement added, noting that the total shareholders' equity rose by 4.7 percent since June 30, 2014 to 58 billion riyals.

The net interest income rose by 6.7 percent to 6.4 billion riyals, it said.
The group's total assets increased by 9.7 percent on June 30, 2014, to 511 billion riyals, the highest level in the bank's history, it said.