Qatar Islamic 1st-Quarter Profit Jumps 21%; Beats Estimates
Qatar Islamic Bank's first-quarter profits jumped 21% on higher fee and commission revenue, beating analysts estimations.
Qatar’s banks improved lending as the country raised spending on infrastructure including a new airport, seaport, roads and rail systems. Central bank data reveals that the nation’s total credit facilities, including loans, rose an annual 31% in February while deposits were up 5.5%.
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