QNB FİNANSBANK A.Ş.

Finansbank started operations in 1987. In August 2006, Finansbank was acquired by National Bank of Greece. In October 2016, Finansbank A.Ş was acquired by Qatar National Bank S.A.Q (QNB Group), the biggest bank in Qatar and a leading financial institution in the Middle East and Africa region. QNB Finansbank provides products and services in retail, SME and corporate banking.

Bank Category

Foreign Commercial Banks Established in Turkey

Services

Retail Banking
Corporate Banking
SME Banking

Financials

Total Assets (2017)
125.86 bln TRL  (+23.99%)
Net Income (2017)
1 603.44 mln TRL  (+33.24%)

QNB FİNANSBANK A.Ş. is the 8th largest bank in Turkey in terms of total assets. In 2017 its total assets were 125,86 bln TRL, providing the bank with the market share of 4.07%. In 2017 the bank's net income was 1 603,44 mln TRL.

QNB FİNANSBANK A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Long-term credit rating assigned to the bank by Moody's is Ba3 (non-investment grade speculative).

QNB FİNANSBANK A.Ş. participates in deposit guarantee scheme of Turkey. This scheme covers accounts up to 100 000 TRL per bank per depositor.

Contacts

ESENTEPE MAHALLESİ BÜYÜKDERE CADDESİ KRİSTAL KULE BİNASI NO:215 ŞİŞLİ İSTANBUL, Turkey
(212) 318 50 00
(216) 524 04 44

Bank Identifiers

BIC (SWIFT)
FNNBTRIS
Bank Sort Code
0111

Business Summary

Services
retail banking
corporate banking
SME banking

QNB FİNANSBANK A.Ş. provides products and services in the areas of retail banking, corporate banking, SME banking.

Financial Positions

Total Assets (2017)
125.86 bln TRL  (+23.99%)

In 2017 total assets of QNB FİNANSBANK A.Ş. were 125.86 bln TRL. Growth compared to the previous period (2016) was 23.99%. The evolution of the total assets of QNB FİNANSBANK A.Ş. is shown at Chart 1 below.

Total Assets of QNB FİNANSBANK A.Ş..

Chart 1. Total Assets of QNB FİNANSBANK A.Ş..

Profit and Loss

Net Income (2017)
1 603.44 mln TRL  (+33.24%)

In 2017 net income of QNB FİNANSBANK A.Ş. was 1 603.44 mln TRL. Growth compared to the previous period (2016) was 33.24%. The evolution of the net income of QNB FİNANSBANK A.Ş. is shown at Chart 2 below.

Net Income of QNB FİNANSBANK A.Ş..

Chart 2. Net Income of QNB FİNANSBANK A.Ş..

Market Share and Rank (among banks in Turkey)

Total Assets (2017)
8th (market share 4.07%)

In 2017 QNB FİNANSBANK A.Ş. was ranked the 8th largest bank in Turkey in terms of total assets, having 4.07% of the domestic market share.

Market share of QNB FİNANSBANK A.Ş. (among banks in Turkey)

Chart 3. Market share of QNB FİNANSBANK A.Ş. (among banks in Turkey)

Several banks having the market shares and ranks closest to QNB FİNANSBANK A.Ş. are shown below.

RankNameTotal AssetsMarket Share
7TÜRKİYE VAKIFLAR BANKASI T.A.O.270571.71 mln TRL8.74%
8QNB FİNANSBANK A.Ş.125857.17 mln TRL4.07%
9DENİZBANK A.Ş.121048.28 mln TRL3.91%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BBB- (good credit quality) Ba3 (non-investment grade speculative)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. QNB FİNANSBANK A.Ş. is rated by Fitch and Moody's.

Credit ratings assigned to QNB FİNANSBANK A.Ş. as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for QNB FİNANSBANK A.Ş. it is set to BBB- (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for QNB FİNANSBANK A.Ş. is set to F3 (fair short-term credit quality).

Long-Term Issuer Default Rating  BBB-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F3
Viability Rating  bb
Support Rating  2
Support Rating Floor  WD

Viability rating for QNB FİNANSBANK A.Ş. is set to bb (speculative fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is WD (withdrawn).

Moody's

Long-term rating for QNB FİNANSBANK A.Ş. it is set to Ba3 (non-investment grade speculative). Long-term bank deposit rating is Ba3 (non-investment grade speculative). Baseline credit assessment is ba3. Short-term rating is not assigned.

Long-Term Rating  Ba3
Long-Term Bank Deposit Rating  Ba3
Baseline Credit Assessment  ba3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of QNB FİNANSBANK A.Ş. is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 TRL per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Turkey are obliged to participate in Turkish deposit guarantee scheme.

In the case of QNB FİNANSBANK A.Ş. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons
Covered Accounts  all cash deposit accounts, precious metals accounts
Maximum Protected Amount  100 000 TRL
Paid In Currency  TRL

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of QNB FİNANSBANK A.Ş. and its components are shown in the table below.

BIC  FNNBTRIS
Bank BIC Code  FNNB
Country Code  TR (Turkey)
Location Code  IS
Branch Code  -

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  0111

European Presence: 2 banks in 2 countries

QNB FİNANSBANK A.Ş. operates under the brand name QNB Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Switzerland

Turkey

  • (this bank) QNB FİNANSBANK A.Ş.