UPDATE 1-Qatar's Masraf Al Rayan Q1 profit rises 18 pct, beats estimates

April 20, 2015 1:57 PM

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DUBAI, April 20 (Reuters) - Masraf Al Rayan, Qatar's second-largest bank by market value, reported an 18 percent increase in first-quarter net profit on Monday, beating analysts' expectations.

The bank is the fourth major Qatari lender to report its first quarter results, with most outstripping analysts' forecasts.

Also read: Abu Dhabi Commercial Bank Q3 net profit falls 17 pct

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