QATAR: Masraf Al Rayan has reported a 14% increase in net profit for the first half of this year to QAR691 million (US$189.74 million). Total assets grew to QAR48.93 million (US$13.44 million), an increase of 68% compared to the same period in 2010.
Total financing rose by 36% to QAR28.33 million (US$7.78 million) in the six month period ended the 30th June 2011, while customer deposits soared by 85% to QAR40.63 million (US$11.16 million).