Reports
Qatar's QNB Logs Strong Rise In Assets; Bank Profits Gain In 2013
Qatar-based QNB, or Qatar National Bank, has reported that its asset and wealth management division has seen a rise in client money, outpacing the firm’s overall asset growth in 2013.
Qatar-based QNB, or Qatar National Bank, has reported that its
asset and wealth management division has seen a rise in client
money, outpacing the firm’s overall asset growth in 2013,
according to the Gulf Times publication.
A statement from the bank said net profit for last year rose 13.7
per cent year-on-year to QR9.5 billion ($2.6 billion) in
2013.
The statement, issued by the bank last week, did not refer to the
wealth management section; this publication is in contact with
the bank seeking to confirm details.
QNB’s asset and wealth management division witnessed an 85 per
cent growth in assets to QR41.86 billion and consumer banking by
22 per cent to QR17.09 billion as against total assets growth of
21 per cent.
