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Mon 12 Oct 2015 03:44 PM

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Qatar's QNB says in talks to buy Turkey's Finansbank

Gulf's largest lender says it is holding preliminary discussions to buy National Bank of Greece's Turkish arm

Qatar's QNB says in talks to buy Turkey's Finansbank

Qatar National Bank (QNB), the Gulf Arab region's largest lender, is holding preliminary talks to buy National Bank of Greece's Turkish arm Finansbank, QNB said in a statement on Monday.

No "material developments" have yet taken place and QNB will make further announcements to the Qatari bourse regarding the possible acquisition if and when necessary, it said.

Reuters reported in July that QNB was interested in buying at least part of Finansbank, citing sources.

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