Dubai’s Emirates NBD to acquire Turkey’s DenizBank for $3.19bn – Gulf Business

Dubai’s largest bank Emirates NBD has announced a definitive agreement to acquire a 99.85 per cent stake in Turkish private bank DenizBank from Russia’s Sberbank for TRY14.6bn ($3.19bn).The deal represents a coup for Emirates NBD amid reports that it had been met with resistance from Turkish President Tayyip Erdogan, who sided with Qatar against the UAE, Saudi Arabia and Bahrain in last year’s Gulf dispute. Source: Dubai’s Emirates NBD to acquire Turkey’s DenizBank for $3.19bn – Gulf Business

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Qatar National Bank seeks growth in Southeast Asia | ZAWYA MENA Edition

Qatar National Bank seeks growth in Southeast Asia QNB is active in Egypt and Turkey and has made forays into Singapore, Vietnam, Myanmar, India, Indonesia and China. By Ghaida Ghantous and Dmitry Zhdannikov, Reuters News DOHA – Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told Reuters. Source: Qatar National Bank seeks growth in Southeast Asia | ZAWYA MENA Edition

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