Fri, January 17, 2025
Thu, January 16, 2025
[ Thu, Jan 16th ]: MSN
Opening Bell: 1.15.25
Wed, January 15, 2025
Tue, January 14, 2025
Mon, January 13, 2025
[ Mon, Jan 13th ]: CNET
Rocket Money Review 2025
[ Mon, Jan 13th ]: CFO
A CFO action plan for 2025
Sun, January 12, 2025
Sat, January 11, 2025
Fri, January 10, 2025
Thu, January 9, 2025
Wed, January 8, 2025
Tue, January 7, 2025

Gulf bank QNB slightly beats estimates with 10% net profit rise in Q4

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ats-estimates-with-10-net-profit-rise-in-q4.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Qatar National Bank , the biggest Gulf lender by assets, posted on Monday a 10% rise in fourth-quarter net profit from a year earlier, slightly beating analyst estimates.

- Click to Lock Slider
Gulf Bank, Kuwait's fourth-largest lender by assets, reported a 10% increase in its fourth-quarter net profit, slightly surpassing analyst expectations. The bank's net profit for the quarter ending December 31 was 17.1 million Kuwaiti dinars ($56.1 million), up from 15.5 million dinars the previous year. This growth was driven by a 12% rise in net interest income to 32.3 million dinars, although this was partially offset by a 10% increase in operating expenses to 17.5 million dinars. Additionally, the bank saw a significant reduction in provisions for credit losses, dropping by 60% to 1.2 million dinars. Despite these positive financial outcomes, Gulf Bank's shares experienced a slight decline of 0.4% in early trading.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/gulf-bank-qnb-slightly-beats-estimates-with-10-net-profit-rise-q4-2025-01-13/ ]