Doha-Mubasher: The 18% rise in Masraf Al Rayan’s bottom-line year-on-year (y-o-y) during the first quarter of 2015 is attributed to profit generated from the sale of its 50% stake in Seef Lusail Real Estate Development Co to Qatari Diar Infrastructure Company in 2014.

The bank maintained a growth in balance sheet during the first quarter and lower nonperforming loan (NPL) ratio, according to a recent report released by Global Investment House.

The statement highlighted that the bank’s net profit was in-line with Global’s expectations.

Masraf Al Rayan previously reported a profit of QAR 510.7 million ($140.14 million) in Q1-15, compared to QAR 432.4 million ($118.66 million) during the same period of 2014.