Qatar National Bank’s Turkey Unit More Valuable Than Its Parent
A more than 500% rally in shares of Qatar National Bank’s Turkish unit this year has given the stock a higher value than its parent.
QNB Finansbank AS has seen its market capitalization jump to 1.1 trillion liras ($41 billion) — taking it above QNB, the biggest Gulf bank by assets, which has a market value of about $40 billion.
