ECONOMY

NBG’s Finansbank draws suitors from Qatar, Turkey

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Finansbank, the $3.6 billion Turkish lender owned by National Bank of Greece, has attracted bids from Qatar National Bank and Fibabanka, according to three people with knowledge of the matter.

The banks and other unidentified lenders submitted offers for the Istanbul-based lender about two weeks ago, the people said, asking not to be named because talks are private.

NBG is seeking to divest a stake after abandoning plans earlier in the year to sell shares in Finansbank through a secondary public offering, people with knowledge of the matter said in July.

Bidders submitted offers for the whole bank though no final decision has been made on what percentage of the bank would be sold, two of the people said.

[Bloomberg]