Qatar National Bank, which is currently on an expansion spree with a number of high profile acquisitions, is set to become the first Arab lender with assets exceeding $100bn, according to new data.
Doha-based QNB said last week that it will pay $1.97bn for 77 percent of National Societe Generale Bank, its latest deal in overseas markets.
The deal will boost the bank’s assets by 11 percent to about $107bn, more than double their value at the end of 2009, data compiled by Bloomberg showed.
No comments:
Post a Comment