Commercial Bank of Qatar (CBQ) suffered a three per cent decline in second-quarter net profit, Reuters calculations based on half-year figures from the bank showed on Wednesday, as higher costs and provisions overshadowed strong loan growth.
The bank earned a net QR502.6 million in the three months to June 30 against QR518.2 million in the same period last year, Reuters calculated as the bank did not provide quarterly results breakdown in an earnings statement. It made a net QR1.05 billion in the first six months of 2014, up three percent on the same period last year.