QNB Group profits rise 10% to $3.6 billion in 2021

net profit grew QNB . Group By 10% last year on an annual basis to 13.2 billion Qatari riyals, equivalent to 3.6 billion dollars.

The growth was supported by the growth of loans and advances by 6% during the year to reach 764 billion Qatari riyals.

The ratio of non-performing loans increased to 2.3% of total loans at the end of last year, from 2.1% in 2020.

The coverage ratio for these debts also increased to 117% from 107% in the previous year.

In this context, QNB Group recommended distributing cash dividends to shareholders at a rate of 55% for last year.

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