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Lesha Bank completes acquisition of Bereke Bank to expand its international presence

Oct 10, 2024•about 1 year ago

Acquiring Company

Lesha Bank

Acquired Company

Bereke Bank

DohaKazakhstanBankingLendingFinanceFinancial Services

Description

Lesha Bank LLC has successfully completed the acquisition of the entire share capital of "Bereke Bank" JSC in Kazakhstan. The agreed purchase price for the acquisition is 65 billion Kazakh Tenge, reinforcing Lesha Bank's strategic step in strengthening its investment portfolio and expanding its presence in international markets.

Company Information

Company

Lesha Bank

Location

Doha, Qatar

About

Since its launch in 2008, Lesha Bank, previously known as Qatar First Bank (QFB), has been your gateway to investment opportunities that aims to empower you. At Lesha Bank, we strive to offer high-net-worth individuals and corporates an attractive range of innovative Shari’a-compliant financial products and services covering alternative investments focused on real estate and private equity, private banking and wealth management, corporate and institutional banking, as well as treasury and investments. Lesha Bank is the first independent Shari’a-compliant bank authorized by the QFC Regulatory Authority and a listed entity on the Qatar Stock Exchange (QSE: QFBQ).

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed