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QNB expected to acquire majority stake in Turkey's Finansbank
- Qatar: Sunday, December 23 - 2012 at 02:06
Analysts have said Qatar National Bank may seek to acquire one Turkey's top 10 lenders, Bloomberg has reported. "QNB wants a controlling stake in Turkey and there's no other bank than Finansbank at the moment where it could get that," Ovunc Gursoy, analyst at Yapi Kredi Yatirim Menkul Degerler, a broker owned by Italy's UniCredit, told the news service. "NBG could sell a majority stake due to its capital needs." Finansbank, owned by National Bank of Greece (NBG), is Turkey's eighth-biggest bank. "NBG could sell a majority stake due to its capital needs," said Gursoy.
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