NO. 41


Financial and Banking News

Bank Results

Provisioning Policy Pushes Qatar National Bank To Lower Profits

Qatar National Bank (QNB), which has a 50% share of the Qatar banking market,has reported a fall in net profits for 1993, although when "unusualitems" are taken out of the accounts, the bank is showing an increase inunderlying profitability. A 20% cash dividend has been declared, which is highby Gulf standards even though it is less than QNB has been accustomed to...