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QNB Group nine-month income rises 15%
- Qatar: Tuesday, October 09 - 2012 at 03:16
QNB Group has posted a 15% year-on-year increase in net profit of QR6.2bn for the first nine months of 2012. Total assets jumped 25.3% since September 30, 2011 to reach QR351bn, the highest ever achieved by the group, due to a strong growth rate of 41.9% in loans and advances to reach QR238.6bn. Meanwhile, customer deposits grew by 37.4% to QR268.5bn, while the ratio of non-performing loans to total loans reached 1.2%, which the lender said was "the lowest" amongst banks in the Middle East and North Africa.
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