VOL. XLVI

No 9

3-March-2003

QATAR

Profits Continue To Climb At Qatar National Bank

Qatar National Bank (QNB) continued to post good results in 2002 as the Qatari economy stayed robust, with profits climbing to QR580.2mn ($159.4mn) compared to QR527.3mn ($144.9mn) in 2001. The bank, which accounts for around 65% of the profit from the countrys six national banks (MEES, 22 July 2002), saw assets rise to QR31,055.9mn ($8,531.9mn) in 2002 versus QR28,390.7mn ($7,799.6mn) in the previous year. Net...