QNB reported a 2 percent increase in second-quarter profit to 3.45 billion riyals. REUTERS/Faisal Al Nasser
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The Middle East's biggest bank by assets aims to cut the income generated from its domestic market to 50 percent by 2020 from about 63 percent currently, Ali al-Kuwari said in a Bloomberg TV interview, his first since the standoff began on June 5 .QNB shares climbed 4.2 percent, the most in almost 11 months, at the close in Doha.QNB is the index's biggest member with a weighting of about 17 percent.QNB Tuesday reported a 2 percent increase in second-quarter profit to 3.45 billion riyals ($929 million) as provisions and expenses dropped.The bank is currently maintaining its annual profit guidance at 6 percent to 8 percent and expects its diversified revenue and funding sources to mitigate the regional standoff, Kuwari said.
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