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Monday April 23, 2012
Qatari bank obtains the approval of the Iraqi Central to buy more than half the shares of Al-Mansour Bank
Editor: NK Monday, 23 نيسان 2012 15:54 GMT
Alsumaria News / Beirut
Group announced that the National Bank of Qatar, on Monday, the Central Bank of Iraq has agreed to lift its shares in Al-Mansour Bank in Iraq to more than half, while confirming that based on this agreement, the bank's administration will turn to the country to provide him with technical support and logistical support. The group said the National Bank of Qatar said in a statement it issued today that "the Iraqi Central Bank agreed to raise the shares of National Bank of Qatar's Al-Mansour Bank of Iraq from 23% to 51%," noting that "Based on this agreement, the Bank Group, Qatar National will increase its representatives on the board of Al-Mansour Bank, according to the size of shares owned by it. " The group added that "Based on the Memorandum of Understanding signed between the two banks, the management of Al-Mansour Bank will be transformed to a National Bank of the country that believes in the recent technical and logistic support to the bank." The Al-Mansour Bank a bank Iraqi community has begun its work in Iraq in the second half of 2006 and offers its services through its head office in the capital Baghdad and seven branches in the governorates of Iraq. Established National Bank of Qatar (QNB) in 1964 as the first commercial bank in Qatar, share ownership equally Qatar Investment Authority and the private private and expanded to be among the largest banks in the region and the leading financial institution in Qatar, a market share approaching 40% of the total banking sector assets, and has the largest network of branches in Qatar, comprising 44 branches and offices, in addition to 16 Islamic branches and offices of the Islamic banking and more than 185 ATMs . and then expand its presence outside is rapidly expanding to include new locations around the world to supplement existing branches in London and Paris, and now present in more than 24 countries, has also strengthened its regional through several acquisitions including the acquisition of 35% of the shares of the Housing Bank for Trade and Finance Jordan and 35% of the capital of the Commercial International Bank, based in United Arab Emirates and the rate of 50% of the Tunisian-Qatari bank and 20% of Doha, Al Jazeera Islamic Company, also owns 50.8% stake in Syria.
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