Commercial Bank of Qatar (CBQ) posted a 3% decline in second-quarter net profit, as higher costs and provisions offset strong loan growth.

The lender made a net profit of QR 502.6 million in the second quarter against QR 518.2m in the same period of 2013.

In six months, the net profit hit QR 1.05 billion, up 3% on the same period of the corresponding year.