QNB ALAHLI, the Egyptian unit of Qatar National Bank, reported on Sunday a 5.18 percent year-on-year growth in net profit for the first quarter of 2021.
Net profit, including minority shareholders’ rights, reached 1.966 billion Egyptian pounds ($124.8 million) during the first quarter of the year, compared with 1.869 billion pounds in the same period last year.
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Net interest, fee, and commission income fell to 4.06 billion pounds in the January-March period from 5.36 billion pounds in the same period last year, according to a bourse filling.
As for standalone business, the bank posted 1.814 billion in net profits in in the first quarter, down from 1.920 billion pounds last year.
