QNB Group

The European Bank for Reconstruction and Development (EBRD) has said it is increasing financing for its popular Women in Business program with a new $55 million loan to QNB Finansbank, a Turkish commercial bank, which will on-lend the funds to businesses either owned or run by women. 

Bank of China has completed its application to receive a banking license in Turkey after submitting the required documents, according to the head of the country's banking watchdog. 

Two lenders from Iran are planning to take license to do business in the Turkish market, said the head of Turkey's banking watchdog. 

"We have taken demands from Iranian banks. Two Iranian lenders want to take banking license in Turkey," said the head of the Banking Regulation and Supervision Agency (BDDK), Mehmet Ali Akben, on March 16. 

Qatar is in talks to buy stakes in a number of Turkish banks and hopes to conduct significant investments in Turkey's agricultural sector, Qatar's envoy to Turkey has said, according to business daily Dünya.

Qatari Ambassador to Turkey Salem Mubarak Shafi al-Shafi said the talks with a number of Turkish banks had been ongoing to acquire stakes. 

Qatar National Bank (SAQ) agreed to buy National Bank of Greece SA’s (NBG) stake in its Turkish subsidiary, Finansbank AS, for 2.7 billion euros ($2.95 billion). The deal to buy NBG’s 99.8% holding needs to be approved before it can close in the first half of 2016.

Qatar National Bank (QNB), the Gulf Arab region's largest bank, has agreed to buy Turkey's Finansbank from the National Bank of Greece (NBG) for 2.7 billion euros ($2.95 billion), as it steps up its search for larger markets overseas. With the latest acquisition, Qatari companies have strengthened their hands in the Turkish market. 

Qatar National Bank SAQ , the Gulf Arab region's largest bank, reached an agreement with National Bank of Greece to acquire the latter's entire 99.81 percent stake in Turkey's Finansbank for 2.7 billion euros ($2.95 billion), the two banks said on Dec. 22.

A number of local and global lenders have expressed interest in buying a majority stake in Turkey's Finansbank, which is now owned by Greece's leading lender, the National Bank of Greece (NBG). 

Qatar National Bank and Bahrain?s Arab Bank Corp did not follow up early interest in acquiring HSBC?s Turkish business because they are more interested in National Bank of Greece?s Turkish arm Finansbank, two people familiar with the matter said.

The Turkish banking sector?s eyes are on Finansbank, 99.8 percent of which is owned by the National Bank of Greece (NBG), after the dramatic deterioration in the Greek economy, while a high level representative in Finansbank said any concerns about the bank?s deposit are baseless.