QNB Group: 27,300 Employees Operating at 1,200 Branches in 30 Countries; Following QNB's ...

QNB Group, a leading financial institution in the Middle East and Africa, announced today, that it has completed the acquisition of 99.81% stake in Finansbank A.Ş. in Turkey.

This transaction is a significant milestone in QNB Group's strategy of international expansion. With the addition of Turkey as a new market and one of the leading Turkish banks to its network, QNB Group further extends its international presence and will be able to increasingly benefit from the rapid development of trade and the strengthening of economic ties between Turkey and the Middle East in general, as well as between Qatar and Turkey in particular. This also reflects QNB Group's confidence in the long-term prospects of the financial sector and economy of Turkey.

Finansbank is the 5^th largest privately owned universal bank in Turkey by total assets, customer deposits and loans. The bank has organically grown into a leading financial institution with a proven and experienced management team. ...

Source : http://me-newswire.net//news/18201/en...