Mubasher: Qatar International Islamic Bank (QIIB) posted an 11% year-on-year profit increase for the fourth quarter of 2018.

Net profits amounted to QAR 147 million in Q4-18, from QAR 132 million in Q4-17, according to the bank’s statement to the Qatar Stock Exchange (QSE) late on Sunday.

Earnings per share (EPS) amounted to QAR 5.46 for the three-month period ended last December, compared to QAR 5.35 for the same period of the previous year.

The lender’s profits grew 6% to QAR 882.14 million for the full year 2018, compared to QAR 832.21 million in 2017.

Moreover, the bank’s board recommended a 40%​ dividend of issued Capital, equaling QAR 4.0 per share, subject to the Qatar Central Bank’s (QCB) approval of the financial statements.

By 10:38 am Qatar time, QIIB’s stock inched down 0.34% at QAR 69.17.