NBG completes sale of Finansbank to Qatar National Bank

EconomyBanking Tags: Banking, NBG
Photo by MacroPolis
Photo by MacroPolis

NBG announced on Wednesday afternoon the transfer of its 99.81 percent stake in the Turkish Finansbank to Qatar National Bank (QNB).

The transaction and its terms were initially announced on December 22, while the management had indicated in the conference call of first-quarter results that the closing was expected by mid-June.

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