22 Dec 2015
(MENAFN) Qatar National Bank signed a deal with National Bank of Greece to obtain the latter’s whole 99.81 percent stake in Turkey’s finance bank AS for USD 2.95bn.
In addition, the closing of the deal, which is subject to regulatory approvals and other closing situations, is predicted to be finished in the first half of 2016.
National Bank will use the incomes to pay back USD 2.17bn of aid it received from Greece’s bank rescue fund by issuing contingent convertible bonds (COCOs).
“Finance bank’s sale confirms the commitment made by National Bank’s management to implement the bank’s restructuring plan consistently,” said National Bank.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more