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Qatar First Bank Net Loss Rises to QR 425.54
Million in Q3 2018
October 30, 2018
Qatar First Bank (QFB) net loss amounted to
QR425.54 million, compared to QR139.60 million for the same
period of the previous year, while the bank’s loss per share
reached QR2.13 for the period ended 30/09/2018, versus the loss
per share of QR0.70 recorded in the corresponding period of
2017.
The Group’s Comments:
QFB’s revenues increased by 12.7% to QR80.6
million, while other income stood at QR69.9 million. On the
other hand, the bank’s total expenses decreased by 8.7% to
QR168.7 million, and the share of restricted investment holders
amounted to QR46.1 million. After deducting QR198.4 million in
investment losses due to fair value, and QR111.4 million in
losses on the sale of investments, etc., the result is a net
loss that doubled to sit at QR425.5 million.
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