Sunday 08, February 2009 by
QIB up by $451 million in 2008
Qatar Islamic Bank (QIB) has declared record 2008 profits of QR 1.643 billion ($451.1 million), up by 30.8 per cent. Depositors’ shares reached QR 389 million ($106.8 million), a 13 per cent annual increase, and total assets were realised at QR 33.5 billion ($9.1 billion), a 57 per cent rise from 2007. The bank said it will formally announce its 2008 results at its upcoming General Assembly meeting.
