Home Industry Finance Commercial Bank Of Qatar Q3 Profit Surges The lender reported a 79 per cent rise in third-quarter profit, beating analysts’ expectations. by Reuters October 29, 2014 Commercial Bank of Qatar, the Gulf Arab state’s second-largest lender by assets, reported a 79 per cent rise in third-quarter profit on Wednesday, beating analysts’ expectations. The bank earned a net profit of QAR503 million ($130.8 million) for the three months to Sept. 30. That compares with a profit of QAR280.9 million in the year-earlier period. Analysts had on average forecast quarterly profit of QAR457.8 million, according to a Reuters poll. Reuters had initially calculated the bank’s third-quarter profit as QAR476.3 million based on its nine-month financial statement before the bank subsequently provided a quarterly breakdown. 0 Comments