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QNB FY'18 net profit rises YOY to 13.79B Qatari riyals

Qatar National Bank (QPSC) reported full-year 2018 net profit attributable to equity holders of the bank of 13.79 billion Qatari riyals, up from 13.13 billion riyals in the year-ago period.

EPS for the period was 14.4 riyals, compared to 13.7 riyals in 2017.

Net interest income stood at 19.03 billion riyals, up from 17.89 billion riyals a year earlier, while net fee and commission income remained flat at 3.64 billion riyals. Net foreign exchange gain rose on a yearly basis to 1.19 billion riyals from 874.3 million riyals.

Net impairment losses on loans and advances to customers stood at 3.04 billion riyals, compared to 2.01 billion riyals in 2017.

QNB's board proposed a cash dividend of 6.0 riyals per share for 2018.

As of Jan. 14, US$1 was equivalent to 3.64 Qatari riyals.