Qatar National Bank
In 2016, Qatar National Bank (QNB) acquired a 99.88% stake in the Turkish bank Finansbank A.Ş, which has since been renamed to QNB Finansbank, and is the 5th largest private universal bank. In 2013, QNB acquired the second largest private bank in Egypt, QNB ALAHLI (QNBAA). QNB has continued to expand its regional activities by acquiring stakes in multiple financial institutions, which includes a 20% stake in Ecobank Transnational Incorporated (Ecobank), a leading pan-African bank headquartered in Togo, a 38.57% sake in the Housing Bank for Trade and Finance (HBTF), a Jordan based bank, 40% of Commercial Bank International (CBI), a bank based in the UAE, 99.99% of QNB Tunisia, 54% of the Iraqi bank, Al-Mansour Investment Bank, and a 20% stake in the Al Jazeera Finance Company in Doha. In addition, QNB also maintains a 51% stake in QNB Syria and a 92% stake in QNB Indonesia.
QNB is expanding its network to support its vision of becoming the leading bank in the Middle East, Africa, and Southeast Asia, as well as to establish footholds in highly competitive markets, which includes its most recently opened branch in Hong Kong in 2019. QNB has also started operating in Vietnam in 2015, Myanmar in 2016, and has opened new branches in Saudi Arabia and India in 2017 with a second branch beginning operations in Kuwait in 2018. Brand Finance Magazine ranked QNB as the most valuable bank brand in the Middle East and Africa.