Doha - Mubasher: Qatar First Bank (QFB) posted QAR 16.8 million ($4.6 million) in profits in the first half of the year, according to a press release on Wednesday.

QFB revenues increased 46% in H1-16 to QAR 353 million ($97 million), while total assets grew 9% to QAR 6.4 billion ($1.8 billion) during the same period.

“The first half of 2016 saw the completion of a major milestone for the bank when we listed on the QSE on 27 April 2016, delivering on our promise to shareholders, who have supported the Bank since its inception.” Said the bank’s CEO Mr. Ziad Makkawi.