Financial and Banking News
QNB Returns Record Profits in 1987
Qatar National Bank (QNB) in 1987 posted record profits of QR191.4mn($52.6mn), up 104.0% from the 1986 figure of QR93.8mn ($25.8mn). Having madeadequate provisions for non-performing loans in 1986, QNB did not have to makefurther provisioning for loan losses in 1987, which resulted in a surge inprofits. The bank's total assets last year were up 23.3% to QR11,137mn, whilethe loan portfolio...