The International Bank of Qatar has reported a 12% rise in net profit in 2009 to QR342m ($93.95m), compared to QR305m the previous year. Net interest income rose 29% to reach QR484m and income from Islamic financing and investment activities reached QR38.4m, an increase of 90% over the same period last year. Customer deposits grew 14% on the previous year, reaching QR13.1bn, compared to QR11.5bn in 2008, the lender said.
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