VOL. XLII

No. 30

26-July-1999

QATAR

QNB Records 5% Increase In Profits In 1H

Qatar National Bank (QNB) announced on 19 July that its 1Hprofits were up by 5% to QR227.7mn ($62mn) from QR216.6mn ($59.5mn) the yearbefore. For the same period, assets grew by 8% to reach QR21bn ($5.8bn) andcustomer deposits increased by 5% to QR11.3bn ($3bn). According to a statementreleased by the bank, loans and advances remained stable at QR16.2bn ($4.5bn)and the bank now holds QR889.1mn ($244.3mn) of government...