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Wed 14 Oct 2009 03:35 PM

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Qatar Islamic Bank reports $51.44m Q3 profits

The lender's third quarter net profits fell 52.8% from the same quarter last year.

Qatar Islamic Bank

's third-quarter net profit fell 52.8 percent to QR187.35m ($51.44m) from the same quarter last year.

The lender said on Wednesday it made a net profit of QR1bn in the first nine months of the year, but did not give third quarter figures, which Reuters calculated based on previous financial statements.

It made a net profit of QR397.08m in the third quarter of 2008. (Reuters)

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