Masraf Al Rayan profit rises 44% on deposits

Masraf Al Rayan profit rises 44% on deposits. (AFP)

Qatar's fourth-biggest lender by market value, Masraf Al Rayan, said first-quarter profits rose 44 per cent on the back of rising deposits and a surge in financing activity. The Islamic lender said quarterly profit hit QR301.8 million (Dh304.5m, $82.91m), up 44 per cent from a year earlier.

 

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