Qatar’s QIIB posts 5.1% profit growth for 2019
Qatar’s QIIB posted a 5.1% growth in net profit for 2019.
The Shariah-compliant bank reported 927 million riyals ($254.6 million) in net profit for last year from 882 million riyals in 2018, according to a statement on the Qatar Stock Exchange on Tuesday (Jan 28).
The bank said earnings per share amounted to 0.58 riyals compared to 0.55 riyals in 2018.
QIIB’s assets as at September 30 last year was $14.55 billion.
($1 = 3.64 Qatari riyals)
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