Tag Archives | Qatar National Bank

BCD parts company with Qatari Shareholder

By John Lee. The General Assembly of Benghazi's Bank of Commerce and Development (BCD) have voted to end its partnership with the Qatar National Bank (QNB). It said it will dispose of Qatari bank's shares "in accordance with the provisions of the agreement." A statement from the bank did not clarify how this will be […]

Qatar buys into Libyan bank

Qatar’s top bank has purchased a major stake in one of Libya’s leading privately held financial institutions. The deal strengthens the commercial ties between two countries already bound together politically in the wake of the Arab Spring uprisings. Following months of negotiations, Qatar National Bank, the energy-rich Arabian Peninsula kingdom’s largest financial institution, paid an […]

Qatar National Bank buys 49 pct stake in Libyan bank

Qatar National Bank (QNB), the Gulf state's largest bank, has acquired a 49 percent stake in Libya's Bank of Commerce and Development as part of the Qatari lender's aggressive expansion strategy. The Benghazi-based bank approved QNB as a strategic partner, according to a memorandum of understanding signed by the two institutions, a statement from QNB […]

Qatar's QNB acquires 49% stake in Libyan bank

Qatar National Bank (QNB) Group on Saturday announced it had acquired of a 49 percent stake in Libya's Bank of Commerce and Development. The Benghazi-based bank approved QNB Group as a strategic partner, according to a memorandum of agreement signed between the two institutions. Ali Shareef Al-Emadi, QNB Group CEO, said the move was in […]