Masraf Al Rayan posts 7% increase in profit in first nine months
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Masraf Al Rayan posts 7% increase in profit in first nine months

Masraf Al Rayan posts 7% increase in profit in first nine months

Qatari lender Masraf Al Rayan has posted a 7% increase in its net profit to QR1.08bn in the first nine months of this year, Gulf Times has reported. Total assets grew 26% to QR61.44bn with the financing portfolio registering a 32% jump to QR37.86bn, the bank said. Customers' deposits have also climbed 29% to QR51.72bn, while total shareholders' equity reached QR9.21bn, it said.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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