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Qnb Finansbank AS
Previous close
₺310.00
Day range
₺300.00 - ₺310.00
Year range
₺193.20 - ₺439.00
Market cap
1.09T TRY
Avg Volume
18.56K
P/E ratio
27.43
Dividend yield
-
Primary exchange
IST
Market news
Financials
Income Statement
Revenue
Net income
(TRY) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 18.58B | 31.77% |
Operating expense | 8.32B | 70.01% |
Net income | 7.59B | 3.16% |
Net profit margin | 40.86 | -21.71% |
Earnings per share | — | — |
EBITDA | — | — |
Effective tax rate | 26.00% | — |
Balance Sheet
Total assets
Total liabilities
(TRY) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 159.31B | 17.08% |
Total assets | 1.30T | 60.65% |
Total liabilities | 1.20T | 59.26% |
Total equity | 98.89B | — |
Shares outstanding | 3.35B | — |
Price to book | 10.50 | — |
Return on assets | 2.45% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
(TRY) | Jun 2024info | Y/Y change |
---|---|---|
Net income | 7.59B | 3.16% |
Cash from operations | -13.93B | 58.75% |
Cash from investing | -30.69B | -467.33% |
Cash from financing | 63.31B | 3.51% |
Net change in cash | 16.64B | -64.06% |
Free cash flow | — | — |
About
QNB Finansbank is a Turkish bank with headquarters in Levent, Istanbul. It was established by leading Turkish banker Hüsnü Özyeğin in 1987 and for a period was the Turkish bank with the largest network of foreign branches. In 2016 the QNB Group headquartered in Doha, Qatar, Finansbank was acquired from the National Bank of Greece, which had purchased the bank's domestic operations back in 2006, spinning the international operations off under the name Credit Europe Bank.
As of September 30, 2015, the bank operated with 647 branches and 13,000 employees. In the third quarter of 2015, Finansbank's profit was 673 million TL; its total loans rose to 57 billion 194 million TL; total assets rose to 90 billion, 410 million TL; customer deposit portfolio rose to 47 billion, 306 million TL; and total equities reached 8 billion 937 million TL.
In late 2015, the National Bank of Greece announced its decision to sell Finansbank to Qatari QNB Group in a deal worth 2.7 billion Euros. On June 15, 2016, the acquisition of Finansbank by the QNB Group was completed. Wikipedia
CEO
Founded
Oct 26, 1987
Website
Employees
14,618