Doha – Mubasher: Masraf Al Rayan, Qatar's second-largest bank by market value, announced on Tuesday that its financial statements for the first quarter of 2016 will be announced on 19 April, according to a bourse filing.

The bank’s profits rose last year by QAR 2.073 billion ($568.8 billion) from QAR 2.002 billion ($549.3 million in 2014.

Shareholders of the Qatar-listed bank earlier approved cash dividends at 17.5% or QAR 1.75 ($0.48) per share.