Dubai: Qatar National Bank (QNB), the largest lender in the Gulf Arab region, reported a 5.5 per cent rise in fourth-quarter net profit on Tuesday, according to Reuters calculations, broadly in line with analyst expectations.
The bank reported a net profit of 2.5 billion riyals ($686.7 million; Dh2.52 billion) for the three months to December 31, compared with 2.37 billion riyals in the corresponding period of last year, Reuters calculated based on financial statements. QNB posted a full-year net profit for 2014 of 10.5 billion riyals, up 10.3 per cent from 2013, according to a statement from the bank. Its board proposed a cash dividend of 75 per cent of nominal share value for 2014, the statement said, equivalent to 7.5 riyals per share. This is higher than the 7 riyals per share the bank paid for 2013.