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Posted On: 9 April 2009 11:33 am
Updated On: 12 November 2020 02:09 pm

Qatar National Bank sees 10% rise in profits Q1 2009

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Qatar National Bank, the country's largest lender, made a first quarter net profit of QR1.0bn ($275m), 10 percent more than a year ago as the bank said it had effectively managed risk. Net income in the three months to March 31 compared with QR917.3m in the first quarter of 2008, the company said in a statement on the Doha bourse Web site. Shares in Qatar National have lost a quarter of their value so far in 2009.