Mubasher: Profits of seven Qatar Stock Exchange (QSE) listed banks are expected to increase 5.8% year-on-year, Qatar National Bank (QNB) said in a report issued on Sunday.
By the end of 2017, the seven lenders’ profits would rise to QAR 8.07 billion ($2.22 billion) from QAR 7.63 billion ($2.09 billion) at the same period a year earlier, the report added.
The seven banks are Qatar Islamic Bank (QIBK), Qatar International Islamic Bank (QIIK), Masraf Al Rayan (MARK), Doha Bank (DHBK), Commercial Bank of Qatar (CBQK), Al Khalij Commercial Bank (KCBK) and Ahli Bank (ABQK).
KCBK and MARK would post the highest annual growth of 19.8% and 10.9%, generating profits of QAR 511.03 million and QAR 2.39 billion, respectively, according to the report.
