Global InformationQNB Finansbank information
 | |
 QNB Finansbank Tower in Levent, Istanbul | |
| Company type | Anonim Şirket |
|---|---|
Traded as | BİST: QNBFB |
| Industry | Banking, Financial services |
| Predecessor | Finansbank |
| Founded | 26 October 1987 |
| Headquarters | Büyükdere Avenue, Levent, Istanbul, Turkey |
Number of locations | 444 branches[1] |
Key people | Ömer A. Aras (Chairman) Ömür Tan (CEO) |
| Revenue |  ₺10.3 billion (2019)[2] |
Operating income | ₺3.2 billion (2019)[2] |
Net income | ₺2.6 billion (2019)[2] |
| Total assets | ₺181.7 billion (2019)[3] |
| Total equity | ₺16.7 billion (2019)[4] |
| Owner | QNB Group (99.8%)[5][6] |
Number of employees | 12,087[7] |
| Website | www |
QNB Finansbank is a Turkish bank with headquarters in Levent, Istanbul. It was established by leading Turkish banker Hüsnü Özyeğin in 1987 and for a period was the Turkish bank with the largest network of foreign branches. In 2016 the QNB Group headquartered in Doha, Qatar (the largest bank in the Middle East and Africa in that year), Finansbank was acquired from the National Bank of Greece (NBG), which had purchased the bank's domestic operations back in 2006, spinning the international operations off under the name Credit Europe Bank.
As of September 30, 2015, the bank operated with 647 branches and 13,000 employees.[8] In the third quarter of 2015, Finansbank's profit was 673 million TL;[8] its total loans rose to 57 billion 194 million TL;[8] total assets rose to 90 billion, 410 million TL;[8] customer deposit portfolio rose to 47 billion, 306 million TL;[8] and total equities reached 8 billion 937 million TL.[8]
In late 2015, the National Bank of Greece announced its decision to sell Finansbank to Qatari QNB Group in a deal worth 2.7 billion Euros.[5][9] On June 15, 2016, the acquisition of Finansbank by the QNB Group was completed.[6][10]
- ^ Investor Relations
- ^ a b c QNB Finansbank Annual Report 2019 2019, p. 101.
- ^ QNB Finansbank Annual Report 2019 2019, p. 98.
- ^ QNB Finansbank Annual Report 2019 2019, p. 99.
- ^ a b Laura Noonan (22 December 2015). "NBG offloads Finansbank to QNB at bargain price". Financial Times. Retrieved 22 December 2015.
- ^ a b "QNB completes acquisition of 99.81% stake in Turkey's Finansbank". Gulf Times. 2016-06-15. Retrieved 2016-06-23.
- ^ Investor Relations
- ^ a b c d e f "Finansbank: About us". Finansbank. Retrieved 7 February 2016.
- ^ "Qatar's QNB buys Greek NBG's Finansbank for 2.7 bln euros". Reuters. 22 December 2015. Retrieved 23 December 2015.
- ^ "Qatar National Bank says it has completed acquisition of Turkey's Finansbank". Hürriyet Daily News. 2016-06-15. Retrieved 2016-06-23.