Masraf Al Rayan reported last month a 3.6 percent rise in full-year net profit in 2015 to 2.07 billion riyals, although its fourth-quarter earnings dipped slightly according to Reuters calculations.

Masraf, the second-largest bank in Qatar by market value, also said it earned a net profit of 1.52 billion riyals ($417.5 million) for 2012, an increase of 7.9 percent over 2011.