Mubasher: Capital Intelligence has reaffirmed its rating for Qatar National Bank’s (QNB) financial strength rating (FSR) at 'AA-'.
The long and short term foreign currency ratings (FCRs) were also affirmed at 'AA-' and 'A1+', respectively, at the same level as the sovereign ratings for Qatar.
The bank’s CEO, Ali Al-Kuwari said in January that he forecasts the lender’s profit will jump 5% to 7% in 2018.
The profits of the bank increased by 6.2% to QAR 13.1 billion in 2017 versus QAR 12.3 billion the previous year.
The bank’s annual net income went up 6% during 2017.
