Cairo – Mubasher: Qatar National Bank Al Ahli, the Egypt-based unit of Qatar’s QNB, reported an increase of 36.8% in net profits for the first nine months of 2015.

The lender saw net profits of EGP 2.32 million within this nine-month period, up from EGP 1.69 million for the same period of the previous year.

Earlier, the lender posted net profits of EGP 897.9 million for the third quarter of 2015, a rise of 52.5% from EGP 588.7 million for the comparable period in the previous year.

Meanwhile, the lender registered net profits of EGP 1.4 billion in the first half of 2015, compared with EGP 1.1 billion for the same period a year earlier.

QNB Al Ahli is capitalised at EGP 5.6 billion, distributed across 561 million shares at EGP 10 par value each.