Arab Finance: Qatar National Bank’s (QNB) consolidated net profits after tax and non-controlling interest surged 58.6% year on year (YoY) in the first half (H1) of 2024 to EGP 13.742 billion, compared to EGP 8.665 billion, the bank’s financial statement showed.

Net interest income climbed to EGP 19.813 billion from January through June this year from EGP 13.899 billion over the same period a year ago.

In terms of standalone business, net profits after tax went up to EGP 6.851 billion in the first quarter (Q1) of 2024 from EGP 4.481 in Q1 2023.

Meanwhile, standalone net interest income grew to EGP 9.718 billion in Q1 2024 from EGP 6.522 billion.

It is worth noting that Qatar National Bank Alahli (QNB Alahli) rebranded to QNB in June.

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