QNB completed the acquisition of Finansbank from National Bank of Greece for $2.94bn.

Qatar National Bank, a Qatari commercial bank, completed the acquisition of Finansbank, a Turkish bank, from National Bank of Greece, a global banking and financial services company, for $2.94bn. “This transaction is a significant milestone in QNB’s Vision to becoming a MEA Icon by 2017 and a leading global bank by 2030. Finansbank is a highly regarded financial institution with an impressive track record of success in Turkey, and we look forward to welcoming the personnel and management of Finansbank to QNB Group. We also look forward to contributing towards Turkey’s future economic development and further enhancing its overall connectivity with international markets as an integral part of QNB Group’s global network,” Ali Ahmed Al-Kuwari, QNB Group’s Chief Executive Officer.