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Sovereign Wealth Funds Briefing - Categorized | Market

QNB aims to be largest lender in Middle East, Africa by 2017

Posted on 07 February 2014

Qatar National Bank (QNB),50 percent owned by sovereign wealth fund Qatar Investment Authority, is aiming to become the largest lender in the Middle East and Africa, its finance head said on Thursday, as the bank continues to look beyond its home market for growth opportunities.
Currently the biggest bank in the Gulf region, it is looking for acquisition targets in Turkey, Morocco and sub-Saharan Africa, Chief Financial Officer Ramzi Mari told Reuters in an interview at the bank’s Doha headquarters………………………………………..Full Article: Source


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