Qatar National Bank, the largest bank in Qatar, said that the decline in Turkish Lira’s value had an impact on some of the assets of the Bank during the third quarter of 2018.

In a disclosure to Qatar Stock Exchange, announcing third-quarter results in 2018, QNB said that it had incurred currency losses of 2.97 billion riyals ($ 815.9 million). According to analysts, the losses are most likely linked to the Turkish lira.

Reuters said "Akram Capital" estimates that about 15% of Qatar National Bank's assets and 14% of its loans are now linked to Turkey.

In 2016, Qatar National Bank acquired Finansbank of Turkey by a stake of 99.81%, as part of alleged external expansion plans.

Although many investors and governments have decided to cut off their financial ties with Turkey, fearing that they will suffer huge losses from the Lira collapse, Qatar’s Emir, Tamim Bin Hamad, continues to venture with his people’s assets in the suspicious  cooperation with Recep Tayyip Erdogan.