QNB eyes Libya expansion with 49% BCD stake

The QNB Group has acquired a 49% stake in the Bank of Commerce and Development (BCD), one of the leading private banks in Libya.

The announcement was made during the extraordinary general assembly of the BCD which was held in Benghazi, Libya on Thursday. It approved the QNB Group as a strategic partner, according to the memorandum of agreement between the two institutions. However, QNB was silent on the value of the deal.

The QNB Group – which will be represented in the Libyan bank’s board …read more

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: