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FinancialNews


  • 25-04-19

    Qatar First Bank revenue jumps 71 percent

    (MENAFN) Revenues in Qatar First Bank (QFB), a prominent Shari'ah-compliant bank in the GCC nation, recorded a jump by 71 percent from January to March 2019.

    Net profit in the leading Qatari bank stood at around USD878 million thanks to equity-holders, from the net loss of about USD12,935 million during the same period in 2018.

    "We are glad to see the turnaround performance of the bank by generating a net profit in the first quarter," stated QFB Chairman Faisal bin Thani Al Thani.

    "Positive results are a direct manifest that QFB is back on the right track with a new strategy that executive management has developed and implemented. This is only the start and I am looking to see more over the current financial year," Al Thani added.

    MENAFN2504201900450000ID1098437103

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