Mubasher: Qatar First Bank (QFB) posted a 199.6% year-on-year leap in its losses for the first quarter of 2018.

Losses amounted to QAR 28.64 million in Q1-18, compared to QAR 9.56 million in Q1-17, according to the bank’s statement to the Qatar Stock Exchange (QSE) released late Sunday.

Losses per share increased to QAR 0.14 for the first three months of 2018, versus QAR 0.05 a share for the same period of the prior year.

For the full-year 2017, losses of the Qatari Islamic lender rose 1.3% to QAR 269.3 million, from QAR 265.7 million a year earlier.