{"id":1766,"date":"2014-09-05T18:06:50","date_gmt":"2014-09-05T18:06:50","guid":{"rendered":"http:\/\/maischna.de\/?p=1766"},"modified":"2014-09-05T18:15:30","modified_gmt":"2014-09-05T18:15:30","slug":"qatar-national-bank-qnb-shows-interest-in-ecobank","status":"publish","type":"post","link":"http:\/\/lafritude.com\/?p=1766","title":{"rendered":"Qatar National Bank (QNB) shows interest in Ecobank."},"content":{"rendered":"

Qatar National Bank (QNB) , the Gulf’s largest bank, says it is buying a 12.5 percent stake in pan-African lender Ecobank Transnational Incorporated (ECOBANK). A deal worth $226 Million! QNB has said it wants to become the largest bank in the Middle East and Africa by 2017 – it is currently second in terms of assets, behind South Africa’s Standard Bank. This is the second acquisition which the Qatari lender has made in the last two years in Africa: in March 2013, it completed the purchase of Societe Generale’s Egyptian business for $2 Billion.<\/p>\n

Busniess news on Africa by Soh Consulting Group.