Qatar National Bank (QNB) has acquired a further 11 per cent stake in Ecobank Transnational Incorporated in a deal worth $283 million, making it the pan-African lender's largest shareholder.
QNB acquired 2.048 billion ordinary
Qatar’s real GDP growth will accelerate from 6.8 per cent in 2014 to 7.8 per cent in 2016 as the non-hydrocarbon sector expands at a double-digit pace on higher investment spending and a growing population, a report said.
Qatar National Bank (QNB) on Thursday bought a 12.5 per cent stake in Ecobank for about $200 million, its latest purchase in a drive to be the biggest bank in the Middle East and Africa by 2017.
QNB bought the shares from Nigeria&
Qatar National Bank (QNB) has announced the acquisition of a 12.5 per cent stake including both ordinary and convertible preference shares in Ecobank Transnational Incorporated, a leading pan-African bank.
Ecobank Transnational In
Available indicators of Brazil’s economic activity during the 2014 Fifa World Cup are as dismal as the performance of its national team in the final match.
As a number of Brazilian host cities shut down on the days when matc
While GCC countries have grown strongly in recent years mainly due to high hydrocarbon prices and increased oil and gas output, sustainable development must be backed by large projects which diversify the economies, a report said.
Qatar National Bank (QNB), a leading lender in the Gulf region, has posted a 1.5 per cent rise in second quarter net profit on Tuesday (July 8), beating analysts' expectations despite slowing loan growth.
Qatar National Bank (QNB) is expected to maintain strong profitability levels for the upcoming years, according to an equity research by Amin Advisory.
However, the growth trend is expected to slow down given the current size of t
Qatar National Bank, the largest lender in the Gulf region, has said its first-quarter net profit rose 13.7 per cent.
The bank reported a net profit of QR2.4 billion ($659.1 million) for the first three months
Qatar National Bank (QNB) is aiming to become the largest lender in the Middle East and Africa by 2017, its finance head said, as the bank continues to look beyond its home market for growth opportunities.
Currently the biggest ba