Qatar National Bank

QNB hackers behind data breach at Sharjah bank

Hackers have leaked files online containing data on thousands of customers of Sharjah-based Investbank UAE. The files were stolen last December when an individual tried to blackmail the bank for $3 million. When the bank refused to pay, the hacker threatened to dump the stolen files online, yet they never appeared. Security expert Mohammad Amin Hasbini warned that the hackers are going to release data from a second attack. According to Softpedia, the hacker group is Bozkurtlar, the same group that claimed responsibility for the Qatar National Bank data breach two weeks ago.

#Qatar National Bank claims customer data released by hackers is authentic

Qatar National Bank has admitted that its systems were hacked but said the incident will not have a financial impact on the bank’s customers. Security researcher Omar Benbouazza said a Turkish far-right group called Bozkurtlar for Grey Wolves has claimed responsibility for the bank breach. He stated that the attackers used an SQL injection tool and the bank made a big mistake using known vulnerable software in the targeted host.

Qatar's largest bank investigating alleged data breach

Qatar National Bank is investigating a security breach that appears to have exposed sensitive personal data for what could be hundreds of customers, including employees of international broadcaster Al-Jazeera and potentially senior government officials. Four people identified in the files and reached by The Associated Press confirmed their personal information was authentic. It is unclear if all of the data posted online originated from the bank itself. The bank said it was coordinating with the concerned parties to investigate the matter and offered its assurance that there would be no financial impact for its clients or the bank.

Fitch Affirms Seven Qatari Banks at 'A+'; QNB at 'AA-'

Fitch Ratings has affirmed Qatar National Bank's Long-Term Issuer Default Ratings (IDR) at 'AA-'. The agency has also affirmed the IDRs of The Commercial Bank, Doha Bank, Qatar Islamic Bank, Al Khalij Commercial Bank, Qatar International Islamic Bank and Ahli Bank and International Bank of Qatar at 'A+'. The Outlooks on all the Long-Term IDRs are Stable. Fitch has also upgraded International Bank of Qatar's Viability Rating, which is driven by its growth strategy, focusing almost exclusively on Qatar.

QNB in preliminary talks to buy Turkey’s Finansbank

In a statement to the Qatar Exchange, QNB revealed its involvement as a potential bidder for Finansbank, the National Bank of Greece’s Turkish banking subsidiary. Established in 1987, Finansbank operates 654 branches and has more than 12,000 employees. The bank’s total assets in H1 2015 reached TRY 82.45 billion. The bank was acquired by National Bank of Greece in 2006. QNB has also recently investigated the possibility of taking over KFH Malaysia. However, a bourse statement on 22 September said the bank had stopped preliminary talks to acquire Kuwait Finance House (Malaysia) without reaching an agreement.

Qatari bank QNB confirms talks end with Kuwait Finance House over Malaysian unit

Qatar National Bank (QNB) has halted preliminary talks with Kuwait Finance House (KFH) to buy its Malaysian unit, the Gulf Arab region's largest bank said. An agreement has not been reached. Earlier, KFH's chief executive Mazin al-Nahedh had said the bank had ruled out a sale or merger for its Malaysian unit, adding the largest Islamic bank in the Gulf Arab state will begin restructuring the unit with immediate effect. The disclosure from KFH comes after a source familiar with the matter said last week that QNB had bid to buy the unit, with the Qatari lender later acknowledging it was in early talks about an acquisition.

QNB said to bid for Kuwait Finance House’s Malaysia business

Qatar National Bank is among suitors that submitted final bids for Kuwait Finance House’s Malaysian operations. KFH is evaluating offers from Qatar National Bank and at least one other party. It may not proceed with the sale unless it can agree on a high enough price. State-controlled Qatar National Bank has been expanding overseas to reduce its reliance on its home market. It has spent US$3 billion on acquisitions since 2012. Kuwait Finance House’s Malaysian unit had a book value of 1.7 billion ringgit (US$395 million) and total assets of 10.5 billion ringgit at the end of December. Offers for the business were affected by the difficult economic environment in the country.

Qatari banks, Southwest Securities plan Islamic finance venture in China

Two Qatari banks and Chinese brokerage Southwest Securities signed a memorandum of understanding to establish a company handling Islamic finance deals in China, Qatar's central bank governor Sheikh Abdullah bin Saud al-Thani said on Tuesday. The banks are Qatar National Bank and Qatar International Islamic Bank. No further details of the venture were immediately available.

Gulf’s finance giants seek to purchase banks in Turkey

Adnan Ahmed Yousif, chairman of the Union of Arab Banks (UAB), states that banks from the Gulf are looking to acquire Turkish banks .
The statement given at the “Enhancing Shamgen Banking: Turkey, Syria, Lebanon and Jordan” conference in Istanbul reveiled that Arab banks like Al Rajah Bank, Qatar National Bank and Abu Dhabi Islamic Bank want to become established in Turkey by purchasing a national bank.

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