QNB Buys Turkish Finansbank

Posted on 12/23/2015


The National Bank of Greece S.A. has sold Istanbul-based Finansbank, the fifth biggest privately-owned bank by assets, deposits and loans in Turkey, to Doha-based Qatar National Bank S.A.Q. (QNB) for approximately ‎€2.75 billion for a 99.81% stake. In addition to the purchase price, QNB is repaying US$ 910 million of debt that the National Bank […]