EconSource: Qatar National Bank to Buy Turkey’s Finansbank for $2.95 Billion

The Gulf Arab region’s largest bank Qatar National Bank (QNB) has agreed to buy Turkey’s Finansbank from National Bank of Greece (NBG) for 2.7 billion euros ($2.95 billion). QNB, which is half-owned by Qatar’s sovereign wealth fund, has previously set out to become the largest bank in the Middle East and Africa by 2017. It … Continue reading EconSource: Qatar National Bank to Buy Turkey’s Finansbank for $2.95 Billion