Qatar-Fi­nans­bank.

Kathimerini English - - Front Page -

it was ex­am­in­ing spe­cific in­vest­ment plans in Turkey, where it al­ready has op­er­a­tions, and will soon set up a di­vi­sion in Ti­rana, Al­ba­nia, to tap into op­por­tu­ni­ties in the Western Balkans. PPC con­trolled about 92 per­cent of the Greek re­tail mar­ket at the end of March, down from about 96 per­cent last year, and its mar­ket share is ex­pected to drop to be­low 50 per­cent by 2020.

The Gulf’s largest lender, Qatar Na­tional Bank (QNB), re­ported a 16 per­cent rise in sec­ond-quar­ter net profit yes­ter­day, broadly in line with an­a­lysts’ fore­casts and helped by its pur­chase of Turkey’s Fi­nans­bank. QNB, which is 50 per­centowned by sov­er­eign wealth fund Qatar In­vest­ment Au­thor­ity, com­pleted its 2.7 bil­lion euro pur­chase of Fi­nans­bank from Na­tional Bank of Greece in June, help­ing ce­ment its po­si­tion as the largest lender in the Mid­dle East and Africa by as­sets.

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