QNB Net Profit Surges 7% in 2023 Q1

The net profit of the Qatar National Bank (QNB) Group increased by 7.32% in the first quarter (Q1) of 2023 to reach QR 3.881 billion, compared to QR 3.616 billion in the same period in 2022.

In its financial disclosure published on Qatar Stock Exchange (QSE) website, the bank indicated that the earnings per share reached QR 0.39 in Q1 of 2023, compared to QR 0.36 in the same period in 2022.

Total Assets as of 31 March 2023 reached QR1.178 billion, an increase of 6% from 31 March 2022.

The QNB was established in 1964, with an authorized capital of QR 9.236 billion. The group employs more than 29,000 staff operating from approximately 900 locations.

Source: Qatar News Agency