Doha – Mubasher: Qatar National Bank (QNB) obtained the approvals from Qatar Central Bank (QCB) and Turkey’s Banking Regulation and Supervision Agency (BRSA) to acquire Finansbank A.Ş., according to a bourse filing released on Sunday.
The Qatar-listed bank said that the share transfer will take place after other regulatory approvals are secured, and will be announced to public when completed.
QNB earlier announced that it reached an agreement to acquire the entire 99.81% stake owned by National Bank of Greece in Finansbank A.Ş. for 2.7 billion euros.
