QNB Group first quarter net profit rises 9% to QR3.6bn ...Qatar

QNB Group has posted a first-quarter net profit of QR3.6bn, up 9% on the same period last year. The group’s operating income had gone up by 16% in the first quarter of the year to reach QR7.7bn, which reflects its success in maintaining growth across a range of revenue sources. Total assets as at March 31, 2022 reached QR1,108bn, an increase of 6% compared to March 2021, mainly driven by growth in loans and advances by 6% to reach QR763bn. Diversified customer deposits generation helped to increase customer deposits by 5% (compared to Q1, 2021) to reach QR788bn. Furthermore, QNB Group’s drive for operational efficiency continues to yield cost-savings and enhanced revenue sources that ha

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