Doha – Mubasher: Qatar National Bank (QNB) posted on Tuesday a 12% rise in its profits for the first half of the fiscal year 2016, compared to QAR 5.5 billion in the same period of 2015.

Net profit reached QAR 6.2 billion ($1.7 billion) in the period ended on 30 June 2016, according to a statement.

Earnings per share came to QAR7.4 ($.0) in H1-16, compared to QAR6.7 a year earlier.

Total assets hit its highest levels ever after reaching QAR 692 billion ($190 billion) in H1-16, rising 36% compared to the same period of 2015.

Loans and advances leapt by 39% to QAR 497 billion ($136 billion) in the period.