{"id":113782,"date":"2024-04-08T00:00:00","date_gmt":"2024-04-08T00:00:00","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=ede4cdd9eb6b5b88dd342c754cc8a6d2"},"modified":"2024-04-08T00:00:00","modified_gmt":"2024-04-08T00:00:00","slug":"qnb-net-profit-increases-7-in-first-quarter-of-2024","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/qnb-net-profit-increases-7-in-first-quarter-of-2024\/","title":{"rendered":"QNB Net Profit Increases 7% in First Quarter of 2024"},"content":{"rendered":"
\nDoha: Qatar National Bank (QNB) Group net profit for the first three-month of 2024 increased 7% to QR 4.14 billion in comparison to QR 3.88 billion for the same period of the previous year.<\/p>\n
The Earnings per Share (EPS) amounted to QR 0.42 as of March 31, 2024 versus EPS 0.39 for the same period in 2023.<\/p>\n
In a press release, the Group said that Operating Income increased by 11% to reach QR10.4 billion (USD2.8 billion) which reflects the Group’s ability to maintain growth across a range of revenue sources.<\/p>\n
Total Assets as at March 31, 2024 reached QR1,237 billion (USD340 billion), an increase of 5% from March 31, 2023, mainly driven by good growth in loans and advances by 7% to reach QR867 billion (USD238 billion). Diversified customer deposits generation helped to increase customer deposits by 6% to reach QR880 billion (USD242 billion) from 31 March 2023. QNBs loans to deposits ratio stood at 98.6% as at March 31, 2024.<\/p>\n
Source: Qatar News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Doha: Qatar National Bank (QNB) Group net profit for the first three-month of 2024 increased 7% to QR 4.14 billion in comparison to QR 3.88 billion for the same period of the previous year.<\/p>\n
The Earnings per Share (EPS) amounted to QR 0.42 as of Marc…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"yoast_head":"\n