Menu

Qatar National Bank acquires Finansbank

  • Published by Ozgur Tore

finansbankQatar National Bank (QNB) agreed Tuesday to acquire Turkish Finansbank. QNB will purchase the shares in Finansbank owned by the National Bank of Greece (NBG) -- the Greek bank holds a 99.81 percent stake in the Turkish bank -- for 2.7 billion euros ($2.94 billion).

QNB, the largest bank in the Gulf region, plans to finance the deal with its own funds, and expected to close the deal in the first half of next year. But the agreement will be subject to regulatory approval.

Finansbank and Garanti Bank recently lent 300 million euros to Limak-Cengiz-Kolin-Mapa-Kalyon OGG contractor consortium which will build İstanbul's third airport.

Finansbank has been ceaselessly operating for 27 years since its inception on October 26th 1987, steadfast with its goals of offering more than traditional banking services to its customers and becoming the Financer of Turkey.

Booking.com
Advertisement
Advertisement

Most Read Turkey related news since January 1, 2017

Prev Next

Destinations

Spend a Romantic Weekend in Tallinn, Estonia

Spend a Romantic Weekend in Tallinn, Estonia

Beginning of December 2016, me and my wife visited Tallinn, the capital of Estonia, and if you are searching for a romantic weekend, then you should consider Tallinn. The Estonian capital offers tra...

Best of Greek Islands with Celestyal Cruises

Best of Greek Islands with Celestyal Cruises

In Summer 2016, I had chance to sail to Greek Islands with the Celestyal Cruises. In an organization with Karavan Cruises, travelers enjoyed best of Greek islands with Celestyal and received a compl...

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...