Qatar NationalBank SAQ reported third-quarter net profit attributable to equityholders of the bank of 3.41 billion Qatari rials, up from 3.13 billion rials inthe same period in 2015.
Basic and diluted EPS for the period was 4.1 rials, comparedto the year-ago 3.7 rials.
Net interest income rose year over year to 4.72 billionrials from 3.18 billion rials, while net fees and commission income increasedto 913.8 million rials from 547.5 million rials. The bank booked net impairmentlosses on loans and advances to customers of 475.0 million rials for thequarter, compared to reversals of 91.1 million rials a year earlier.
For the nine months to Sept. 30, the bank's net profitattributable to equity holders stood at 9.65 billion rials, or 11.5 rials pershare, up from 8.72 billion rials, or 10.4 rials per share, a year earlier.
Nine-month net interest income grew to 13.62 billion rialsfrom the year-ago 9.55 billion rials, while net fees and commission incomeamounted to 2.72 billion rials, up from 1.68 billion rials a year ago.Net impairment losses on loans and advances to customers in the nine-monthperiod totaled 1.55 billion rials, up from 232.9 million rials a year earlier.
The bank's total capital adequacy ratio under Basel IIIstood at 14.3% at September-end, compared to 14.2% as of June 30 and 16.3% at the end ofDecember 2015.
As of Oct. 7, US$1 wasequivalent to 3.64 Qatari rials.