DUBAI, April 11 Qatar National Bank (QNB), the Gulf's largest lender, reported a 12 percent increase in first-quarter net profit, according to a statement on Tuesday.
The bank reported a net profit of 3.2 billion riyals ($879.2 million) in the three months to March 31, without providing a year earlier figure. The bank previously reported a net profit of about 2.9 billion riyals in the corresponding period of 2016.
Arqaam Capital analysts forecast QNB would make a quarterly net profit of 3.0 billion riyals. ($1 = 3.6397 Qatar riyals) (Reporting By Tom Arnold)
UPDATE 3-Bastos resigns as head of Brazil's BNDES as scandal heightens pressure
RIO DE JANEIRO/BRASILIA, May 26 Maria Silvia Bastos resigned on Friday as head of Brazil's development bank BNDES amid a political crisis that had increased pressure against her by credit-starved business leaders.