Following QNB’s acquisition of Turkey’s Finansbank 27,300 employees operating at 1,200 branches in 30 countries

1. Press release
Following QNB’s acquisition of Turkey’s Finansbank
27,300 employees operating at 1,200 branches in 30 countries
Doha, 15 June-2016, QNB Group, a leading financial institution in the Middle East and
Africa, announced today, that it has completed the acquisition of 99.81% stake in
Finansbank A.Ş. in Turkey.
This transaction is a significant milestone in QNB Group’s strategy of international
expansion. With the addition of Turkey as a new market and one of the leading Turkish
banks to its network, QNB Group further extends its international presence and will be
able to increasingly benefit from the rapid development of trade and the strengthening of
economic ties between Turkey and the Middle East in general, as well as between Qatar
and Turkey in particular. This also reflects QNB Group’s confidence in the long-term
prospects of the financial sector and economy of Turkey.
Finansbank is the 5th
largest privately owned universal bank in Turkey by total assets,
customer deposits and loans. The bank has organically grown into a leading financial
institution with a proven and experienced management team. With a nationwide
distribution network of over 620 branches and more than 12 thousand employees, it has
more than 5.3 million active customers. As of 31 March 2016, Finansbank has US$32.0
billion of assets, US$21.8 billion in loans and US$17.3 billion in deposits and total equity
amounted to US$3.8 billion as per International Financial Reporting Standards.
QNB Group’s Chief Executive Officer Ali Ahmed Al-Kuwari stated:
“This transaction is a breakthrough in QNB’s vision to becoming a Middle East and
Africa Icon by 2017. Our strategy is to focus on high-growth markets where we see a
competitive advantage. Turkey, with its significant market size, population, growth track
record, strong economic and banking sector and strategic location as a gateway
between Europe, Asia and Africa, represents such a market. We are very excited to be
part of Turkey’s and Finansbank’s future development and further enhancing the overall
connectivity with international markets and bring Finansbank to the next level as part of
the QNB Group”
QNB Group currently owns 99.81% of Finansbank and will launch a Mandatory Tender
Offer (MTO) in Turkey for the remaining 0.19%.
Also commenting on the acquisition, Ömer Aras, the Chairman and Group CEO of
Finansbank said:
“The acquisition signifies a thrilling milestone for Finansbank. We are extremely excited
to enter into a new era and be part of the QNB Group, and this deal represents a perfect

2. proof of Finansbank’s excellence and globally acknowledged standards. We believe that
this acquisition will allow us to take Finansbank to a new level and offer exceptional
services for our customers and stakeholders through the large international QNB
network which we are now part of.”
QNB Group has steadily grown to be the biggest bank in Qatar and a leading financial
institution in the Middle East and Africa region. It is considered the most valuable
banking brand in the Middle East and Africa and is the highest rated bank among the
international banks operating in Turkey.
The Group’s presence with the recent inclusion of Finansbank now spans more than 30
countries across three continents providing a comprehensive range of advanced
products and services. The total number of employees is more than 27,300 operating
through more than 1,200 locations, with an ATM network of more than 4,300 machines.
-ENDS-
QNB Group
Qatar National Bank S.A.Q (QNB Group) was established in 1964 as the country’s first
Qatari-owned commercial bank, with an ownership structure split between the Qatar
Investment Authority (50%) and (50%) held by members of the public.
QNB Group has steadily grown to be the biggest bank in Qatar and the leading financial
institution in the Middle East and Africa region.
For the three months ended 31 March 2016, the Group recorded a net profit of QAR2.9
billion (USD787 million), up by 7% compared to the same period last year. Total assets
increased by 10% from March 2015 to reach QAR550 billion (USD151.1 billion), the
highest ever achieved by the Group. This was driven by a growth rate of 16% in loans
and advances to reach QAR402 billion (USD110.4 billion).
QNB Group continued its robust international expansion. During 2016, the Group
finalised the acquisition of 99.81% stake in Finansbank A.Ş. in Turkey. The Group also
commenced operations in Myanmar through a representative office.
In 2015, the Group officially started operating its “Qatar National Bank S.A.Q-. Chi Minh
City Representative Office” in Vietnam. In addition, QNB received approval from the
Saudi cabinet to open a branch in the Kingdom, this process has commenced.
QNB owns a 20.0% stake in Ecobank Transnational Incorporated (Ecobank), the leading
pan-African bank. In 2013, the Group successfully completed the acquisition of a
controlling stake of the second largest private bank in Egypt, QNB ALAHLI, amounting to
97.12%. The Group has also extended its regional reach by acquiring stakes in various
financial institutions including 35% stake in the Jordan-based, the Housing Bank for

3. Trade and Finance (HBTF), 40% in Commercial Bank International (CBI) based in the
United Arab Emirates (UAE), 99.96% of QNB Tunisia, 51% in the Iraqi-based Al-
Mansour Investment Bank, 49% of the Libyan based Bank of Commerce & Development
and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51%
stake in QNB-Syria and an 82.59% stake in QNB Indonesia.
With the recent inclusion of Finansbank, the Group’s presence through its subsidiaries
and associate companies now extends to more than 30 countries across three
continents providing a comprehensive range of advanced products and services. The
total number of employees is more than 27,300 operating through more than 1,200
locations, with an ATM network of more than 4,300 machines.
QNB Group has maintained its position as one of the highest rated regional banks from
leading credit rating agencies including Standard & Poor’s (A+), Moody’s (Aa3), Fitch
(AA-), and Capital Intelligence (AA-). The Bank has also been the recipient of many
awards from leading international specialised financial publications.
The Group provides an array of investment banking services through its subsidiary, QNB
Capital, to corporate, government and institutional clients within Qatar and globally. QNB
Capital has one of the best corporate finance teams in the GCC region offering
extensive transaction experience and in depth advisory – including mergers and
acquisitions, equity and debt capital markets, and project financing advisory. The Group
also offers brokerage services through its subsidiary, QNB Financial Services (QNB FS),
the first independently regulated, licensed brokerage company launched by a bank in
Qatar. QNB FS offers a multi-market, multi-currency trading platform with access to
several markets.
Based on the Group’s consistent strong financial performance and its expanding
international presence, QNB is currently ranked as the most valuable bank brand in The
Middle East and Africa, according to Brand Finance Magazine.
Bloomberg Markets, the leading provider of Business, Financial and Economic news,
has been ranking QNB as “One of the World’s Strongest Banks” since 2013.
The Global Finance Magazine ranked QNB as “One of The Top 50 Safest Banks in the
World” in 2013. For two consecutive years, 2014 and 2015, the Bank was recognized as
“The Best Bank in The Middle East” by Euromoney Magazine. QNB Group has an active
community support program and sponsors various social, educational and sporting
events.
Finansbank A.Ş – Turkey
Finansbank, established in Turkey in 1987, is a subsidiary of QNB, and is one of the 5th
largest private banks operating in the country. Finansbank serves more than 5.3 million
customers through more than 12,000 banking professionals. Finansbank operates
through a large corporate and retail platform complemented by ancillary services

4. including investment banking, brokerage, leasing, factoring and asset management.
Finansbank has over 620 branches, covering 71 out of 81 cities of Turkey.