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Qatar’s Al Khaliji posts 5% net income gains

Qatar-based lender Al khaliji has said its net income grew 5% in the first half of 2012 to QR261.9m, despite lower net interest earnings, Gulf Times has reported. Although net fee and commission income surged 20% to QR66.99m and dividend income by 7% to QR6.48m and net profit from 'available-for-sale' financial investments by 69% to QR127.17m, the lender reported an 8% decline in its net operating income to QR458.26m. Other operating income plummeted 99% to QR0.43m, which pulled down the net operating earnings. Total assets were valued at QR27.84bn, comprising credit portfolio of QR11.32bn and financial investments of QR11.88bn.