Financial and Banking News
QNB Growth Slows Down
Profits of Qatar National Bank (QNB) edged up by 2.5% to QR90 4mn ($25mn) in 1985, while its assets grew by 18.4% to QR8,141mn ($2.2bn), according to unaudited figures released by the bank. The growth of profits and assets in 1984 was 8.8% and 46% respectively. The bank's deposits (including its inner reserves) grew by 19.1% to QR5,969mn ($1.6bn) while its loans and advances grew 28.2% to QR3,667mn ($1bn), the...