QNB posts QR6.4 bn net profit in H1 Jul 13, 2020 0 7099 12345 Qatar National Bank (QNB) Group, the largest financial institution in the Middle East and Africa (MEA) region, has posted a net profit of QR6.4 billion ($1.8 billion) in the first six months of 2020. It’s a decrease of 13 percent from the same period last year, the bank said. Considering the global economic conditions, QNB Group opted to increase the loan loss provisions during the first half of 2020 by QR1.2 billion ($320 million) to protect the Group from any adverse shocks in the loan book. “This affected overall profitability for the Group. Operating Income increased by 2 percent to QR12.8 billion ($3.5 billion),” the bank said. RELATED ARTICLES Unique experience awaits Qatar 2022 fans: Khater Jul 13, 2020 0 7398 COVID-19 recoveries near 100,000-mark Jul 13, 2020 0 7295 Ashghal opens 7-km linking road Jul 13, 2020 0 7085 Qatar named world’s safest country Tribune News Network Doha Qatar has retained its position as the safest country in the world, according to a global crime index. In its 2020 mid-year Crime Index, Numbeo, the world’s largest user-contributed database on .. Qatari firms resilient in face of COVID-19 crisis, says QNBFS Satyendra Pathak Doha Qatari companies have outperformed their GCC peers and remained resilient in the face of the coronavirus (COVID-19) pandemic, QNB Financial Services (QNBFS) has said. In a report, QNBFS said it .. Barzan Holdings manufactures 8,000 ventilators a month Barzan Holdings has managed to manufacture ventilators that are 100 percent locally made in a record time in the face of the coronavirus (COVID-19) pandemic. “Amidst the COVID-19 pandemic, @MOD_Qatar-affiliated .. Qatar condemns Afghanistan blast Qatar has condemned the explosion in Jaghatu, Afghanistan’s Southeastern Ghazni province, that killed several people and left scores injured. In a statement on Sunday, the Ministry of Foreign Affairs reiterated ..