VOL. XXXIX

No. 36

6-June-1996

QATAR

QNB Profits From Released Provisions

Strong growth in net interest income and (another) unusual release in general provisioning have allowed the dominant bank in Qatar, Qatar National Bank (QNB), to produce a modest 5% increase in headline profits to QR289mn ($79.4mn) in 1995. Despite the increased earnings, the cash dividend has been cut to QR89mn from 1994's QR124mn although a one- for-four share dividend, also of QR89mn, has been announced. The...