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QNB Posts Higher Q3 Profit, Plans to Boost Digital Infra and Real Estate Financing

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Qatar National Bank Group posted a third-quarter net profit of 4.65 billion QAR, roughly 4.9% higher than a year earlier.

CEO Abdullah Mubarak Al-Khalifa said the lender will increase financing for digital infrastructure projects, real estate, and firms expanding across markets.

For the first nine months, net profit rose 4% to 13.3 billion QAR, while loans and advances grew 6% year on year to 1.061 trillion QAR.

The bank also signaled an expansion of its international banking activities and an emphasis on cross-border trade and investment opportunities.

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