QFB net profit in H1 surges to QR42mn ...Qatar

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QFB net profit in H1 surges to QR42mn
Qatar First Bank (QFB) has reported a net profit (attributable to shareholders) of QR42mn in the first half (H1) of this year, showing a growth of 2.6% on annualised basis. The bank continued to deliver a resilient performance despite the challenging global macroeconomic environment. The H1 2022 witnessed a significant growth in recurring streams of revenue versus the same period previous year. The dividend income increased by 180% to QR11.1mn and the income from sukuk portfolio increased from QR5.8mn to QR10.2mn. In line with its focus on fee generation from its asset under management, the fee income increased to QR33.5mn in first six months of the year showing a commendable growth compare

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