Sun 26 Sep 2010 07:52 AM
Ali Shareef Al Emadi
4

Ali Shareef Al Emadi

Industry: Banking & Finance

Designation: Qatar National Bank, the Persian Gulf country's biggest lender by assets, posted a 36 percent rise in second-quarter profit, beating analysts' forecasts.

Country: Qatar

Occupation: Qatar National Bank, the Persian Gulf country's biggest lender by assets, posted a 36 percent rise in second-quarter profit, beating analysts' forecasts.

$523,560

Qatar National Bank

Qatar

Qatar National Bank, the Persian Gulf country's biggest lender by assets, posted a 36 percent rise in second-quarter profit, beating analysts' forecasts. Net income for the quarter ended June 30 advanced to $395m, which translates into an impressive productivity score of $523,560 for each of its 1337 employees.

The results reflect the implementation of several business objectives, including international expansion plans and an "effective risk management framework that was vital in avoiding the negative consequences of the international financial crisis," said Ali Shareef Al Emadi, Qatar National's group chief executive officer.

Qatar Investment Authority, the nation's sovereign wealth fund, owns a 62.5 percent stake in Qatar National Bank, part of the government's drive to aid its banking community through the global financial crisis.