File - QNB's Headquarters on Al Corniche in Doha, Qatar, May 5, 2013. (Wikipedia/Trinidade)
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Qatar National Bank SAQ, the biggest bank in the Middle East and Africa, is turning its focus to Southeast Asia for growth after hitting expansion goals in the region earlier than planned.As QNB expands into more mature markets the bank's return on equity, a key measure of bank profitability, will come under pressure, Kuwari said. Return on equity was over 20 percent last year, beating global peers including JPMorgan Chase & Co., Citigroup Inc., and HSBC Holdings Plc. Profit rose 10 percent last year to 12.4 billion riyals, meeting analyst estimates, even as oil prices slumped and economic growth in Qatar fell to its slowest since 1995, the bank reported last month
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