(MENAFN- Khaleej Times) The bank had previously reported three successive quarters of declining profits.
commercial bank of qatar or cbq the gulf arab state’s second-largest lender by assets posted an 8.5 per cent increase in first-quarter profit on higher lending growth. the bank earned a net profit of 548 million riyals ($150.5 million) for the opening three months of 2014 compared with 506 million in the same period last year it said in a statement. analysts had on average forecast a quarterly profit of 468.5 million riyals. the bank had previously reported three successive quarters of declining profits.
compiled from agencies
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