QNB

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QNB is a Turkish bank headquartered in Istanbul, formerly known as Finansbank and QNB Finansbank.

Last updated August 31, 2026

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Overview

QNB is the Turkish banking operation of Qatar-based QNB Group. The institution was established in 1987 by Turkish financier Hüsnü Özyeğin under the Finansbank name and developed into a major Turkish bank with a broad branch network and a substantial presence in retail, commercial, and corporate banking. For a period, it was also associated with one of the largest foreign-branch networks operated by a Turkish bank. The bank changed ownership twice during its history. National Bank of Greece acquired the Turkish operations in 2006. Under NBG ownership, Finansbank continued to operate as a significant domestic banking institution and expanded its physical and organizational infrastructure. In 2014, NBG purchased the Kristal Kule office complex in Istanbul's Levent district with the intention of using it as Finansbank's headquarters. The complex consists of a prominent 40-floor glass tower and an adjoining lower structure. In late 2015, National Bank of Greece announced an agreement to sell Finansbank to QNB Group for approximately €2.7 billion. The transaction was completed on June 15, 2016. Following the acquisition, the bank was rebranded as QNB Finansbank, linking the established Turkish franchise with QNB Group's international banking identity. The change placed the Turkish operation within a wider group active across multiple markets while retaining its domestic banking platform. The bank's former international operations were separated from the Turkish franchise and rebranded as Credit Europe Bank in 2007. QNB Turkey therefore represents the continuing Turkish operation rather than the full historical international network associated with Finansbank. On October 14, 2024, the institution changed its legal name to QNB Bank A.Ş. and adopted the QNB brand in Turkey. The rebranding phased out the Finansbank name and aligned the Turkish bank more closely with the QNB Group identity. Its business remains centered on banking services for individuals, businesses, and corporate customers in Turkey. Publicly available reference material identifies the bank's ownership history, principal headquarters, branch network, and major corporate transactions, but does not provide a complete current breakdown of products, executive leadership, or financial performance in the supplied source material.

History

QNB Turkey was founded in 1987 as Finansbank by Turkish financier Hüsnü Özyeğin. It emerged as a domestic Turkish banking institution with activities spanning individual and business customers and, over time, developed a large branch infrastructure. The bank was notable for a period as a Turkish institution with an especially extensive network of foreign branches, although those former international operations later became separate from the Turkish franchise. In 2006, National Bank of Greece acquired Finansbank's Turkish operations. The acquisition placed the bank within the NBG group while preserving the Finansbank identity in Turkey. In 2007, the former international operations connected with Finansbank were rebranded as Credit Europe Bank. This distinction is important because QNB Turkey is the successor to the Turkish banking business, not a continuation of every operation that had historically used the Finansbank name abroad. During NBG ownership, the bank maintained a significant domestic presence. On March 18, 2014, Turkish newspaper Hürriyet reported that NBG had purchased the Soyak Kristal Kule office tower in Istanbul's Levent business district for use as Finansbank's headquarters. The property comprises a 40-floor, approximately 60,000-square-meter tower and an adjoining 12-floor structure of approximately 30,000 square meters. The tower was designed by Pei Cobb Freed & Partners, with Arup providing project-management services, and became a notable physical marker of the bank's Istanbul presence. By September 30, 2015, the bank was reported to have 647 branches and approximately 13,000 employees. Reference material for the third quarter of that year reported net profit of TL673 million, total loans of approximately TL57.194 billion, total assets of approximately TL90.410 billion, customer deposits of approximately TL47.306 billion, and total equity of approximately TL8.937 billion. These figures are historical and should not be treated as current performance indicators. In late 2015, NBG announced an agreement to sell Finansbank to QNB Group for approximately €2.7 billion. The transaction was completed on June 15, 2016. The bank was subsequently rebranded QNB Finansbank, combining the established Turkish name with the identity of its new Qatari parent. This transition made the Turkish institution part of QNB Group's broader international banking structure. The final major naming transition occurred on October 14, 2024. The institution adopted the legal name QNB Bank A.Ş. and rebranded in the Turkish market as QNB, ending the use of the Finansbank brand. The present brand therefore represents a Turkish bank founded as Finansbank, acquired by National Bank of Greece, later acquired by QNB Group, and ultimately brought under the unified QNB identity.

2024
The Turkish bank becomes QNB Bank A.Ş.
[1]QNB Turkeyen.wikipedia.org
The legal name changes to QNB Bank A.Ş. on October 14, 2024, completing the phase-out of the Finansbank brand in Turkey.
2016
QNB completes the acquisition
[1]QNB Turkeyen.wikipedia.org
QNB Group completes its acquisition of Finansbank on June 15, 2016.
2015
QNB Group agrees to acquire Finansbank
[1]QNB Turkeyen.wikipedia.org
National Bank of Greece announces the sale of Finansbank to QNB Group in a transaction reported at approximately €2.7 billion.
2014
Kristal Kule becomes associated with the bank's headquarters
[1]QNB Turkeyen.wikipedia.org
National Bank of Greece purchases Istanbul's Soyak Kristal Kule office complex for reported use as Finansbank's headquarters.
2007
Former international operations become Credit Europe Bank
[1]QNB Turkeyen.wikipedia.org
Finansbank's former international operations are rebranded as Credit Europe Bank, separating them from the continuing Turkish franchise.
2006
National Bank of Greece acquires the Turkish operation
[1]QNB Turkeyen.wikipedia.org
National Bank of Greece purchases Finansbank's Turkish banking operations.
1987
Finansbank is established
[1]QNB Turkeyen.wikipedia.org
Hüsnü Özyeğin establishes Finansbank in Turkey, creating the banking institution that later becomes QNB Turkey.

Products and positioning

A large Turkish universal bank connected to the international QNB Group, combining a longstanding domestic banking franchise with the QNB global brand.

Retail banking
Retail banking
The bank's consumer-facing business serves individual customers through its Turkish banking platform. The supplied reference material identifies QNB Turkey as a full-service bank, but does not provide a current product catalogue or detailed terms for individual retail products.
Commercial banking
Business and corporate banking
QNB Turkey maintains banking activities for businesses and corporate customers as part of its universal-bank model. Specific current lending, treasury, trade-finance, and cash-management products are not detailed in the supplied sources.
Distribution
Branch banking
The former Finansbank franchise built a substantial physical distribution network in Turkey. Historical reference material recorded 647 branches as of September 30, 2015; the current branch count is not established by the supplied sources.
Digital banking
Digital and payment banking
Digital banking and payment services are part of the bank's general Turkish banking offering, although the supplied reference material does not identify particular applications, cards, platforms, or launch dates.

Brand decisions

2024
Full rebrand to QNBStrategy
Background
QNB Group pursued a unified brand identity for its Turkish operation after the bank had operated for several years as QNB Finansbank.
Action taken
On October 14, 2024, the legal name changed to QNB Bank A.Ş. and the Turkish-facing brand became QNB.
Aftermath
The Finansbank name was phased out, aligning the Turkish institution directly with QNB Group.
Source
2016
Adoption of the QNB Finansbank identityStrategy
Background
Following QNB Group's acquisition, the Turkish bank needed to connect its established local franchise with its new international parent.
Action taken
The institution adopted the QNB Finansbank name while retaining the Finansbank heritage in Turkey.
Aftermath
The bank operated under the combined name until the Finansbank identity was phased out in 2024.
Source
2015
Sale of Finansbank to QNB GroupM&A
Background
National Bank of Greece decided to sell its Turkish banking subsidiary as part of a transaction reported at approximately €2.7 billion.
Action taken
QNB Group agreed to acquire Finansbank, with completion taking place on June 15, 2016.
Aftermath
The bank entered QNB Group and was subsequently renamed QNB Finansbank before the later transition to the QNB brand.
Reported transaction value. Approximately €2.7 billion (Announced in late 2015; acquisition completed June 15, 2016)
Source

Recent events

2024
QNB Turkey adopts the QNB Bank A.Ş. legal name[1]QNB Turkeyen.wikipedia.org
Product generation · Other
On October 14, 2024, the bank changed its legal name to QNB Bank A.Ş. and phased out the Finansbank brand in Turkey.
2016
QNB Group completes acquisition of Finansbank[1]QNB Turkeyen.wikipedia.org
M&A
The acquisition of Finansbank by QNB Group was completed on June 15, 2016, transferring ownership of the Turkish banking operation from National Bank of Greece.
2016
Finansbank is rebranded as QNB Finansbank[1]QNB Turkeyen.wikipedia.org
M&A · Other
After the QNB Group acquisition, the Turkish bank adopted the QNB Finansbank name, retaining the historical Finansbank identity while connecting it to its new parent group.
2015
National Bank of Greece announces sale of Finansbank to QNB Group[1]QNB Turkeyen.wikipedia.org
M&A
National Bank of Greece announced its decision to sell its Turkish banking subsidiary Finansbank to Qatar-based QNB Group in a transaction reported at approximately €2.7 billion.

Sources5 sources

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