Monday 30 January 2012

Qatar National Bank Hopes to Finish Denizbank Purchase in 2012 - Bloomberg

Qatar National Bank SAQ (QNBK), the Persian Gulf country’s largest lender, “hopes” to complete the purchase of Turkey’s Denizbank AS (DENIZ) this year if “the price is right,” the chairman said.
“The negotiations are going on and to have a bank of that size, you need a lot of offers,” Yousef Hussain Kamal told reporters at the bank’s general assembly.
Qatar National is the last serious bidder for Denizbank after the withdrawal of HSBC Holdings Plc and OAO Sberbank, people familiar with the process said earlier this month.

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