Qatar National Bank

Gulf banks are betting on Egypt despite anti-government protests continuing in several cities, writes Camilla Hall.

Hot on the heels of Qatar National Bank’s deal last week to buy Société Générale’s Egypt’s unit for $2bn, Dubai government-controlled Emirates NBD is looking to buy BNP Paribas’ Egyptian retail banking business, according to people familiar with the deal. Continue reading »

The Gulf banks, so long somewhat passive players in international markets, are flexing their muscles. As Camilla Hall reports for the FT, European banks’ retreat from far-flung territories, is creating new opportunities – and Qatar National Bank, the state-backed lender of Qatar, is among the institutions on the hunt, with a bid to buy control of Société Générale’s subsidiary in Egypt.

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