Qatar Islamic Bank reports QR907m profit

19 October 2010

Qatar Islamic Bank has reported a net profit of QR907m during the first nine months of 2010, the Peninsula has reported. Assets of the Islamic lender stood at QR44.8bn by the end of September 2010 compared to QR35.6bn for the corresponding period in 2009. QIB's net financing income rose 10.4% reached QR1.442bn compared to QR1.306bn at the end of September 2009, while net fee income increased by 39% to QR214.9m by the end of September 2010 from QR154.6m a year earlier.

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