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Posted On: 12 July 2013 01:05 pm
Updated On: 12 November 2020 02:13 pm

Qatar National Bank ends first half of 2013 on a high note

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The QE 20 Index surged 0.93% to hit 9,419.97 points on Thursday. Qatar National Bank, better known as QNB, added 1.25%, closing at QR161.50. Earlier in the day, the biggest GCC lender by market capitalisation said or in the first half of 2013 its net profit was QR4.7bn ($1.3bn), up by 15.1% compared to the same period last year. These results include the financial results of NSGB in Egypt, in which the Group concluded the acquisition of a controlling stake amounting to 97.12% in March 2013. Total assets increased by 30.4% from June 2012 to reach QR431 billion ($118.5bn), the highest ever achieved by QNB Source : Qatar Chronicle