Tuesday, September 13 2011 , Your time is 15:58:00
Turkish state-run lender Halkbank has decided to establish an Islamic finance unit, in line with a government effort to develop the sector and tap a pool of investors in the Gulf and southeast Asia.
ISTANBUL / Hürriyet
British lender HSBC has begun to close the accounts of small local businesses in Turkey with the aim of focusing on customers with overseas interests.
Gülen movement-affiliated Turkish Islamic lender Bank Asya has ruled out reports of ending share sales talks with Qatar Islamic Bank (QIB)
Turkish state-owned lender Halkbank is clearing the deck to sell shares in its insurance subsidiaries as it assesses options to exit the sector.
Bank Asya, a Turkish lender with close links to the movement of religious scholar Fethullah Gülen, has moved to sell assets worth around 133 million Turkish Liras
RIYADH / DUBAI- Reuters
Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year
ISTANBUL - Anadolu Agency
Islamic banking is no more a step child in the Turkish banking regulation, said Deputy Prime Minister Ali Babacan, calling on more lenders to show interest in the growing business.
Turkish lenders’ profits plunged 11.5 percent in May to 10.1 billion Turkish Liras
Fitch Ratings has said the Turkish Central Bank’s 0.5 point rate cut on May 22, highlights policy swing risks by sending mixed messages.
ANKARA – Anadolu Agency
Japan Credit Rating (JCR) Agency has confirmed Turkey’s current credit status and said the country’s outlook is stable
BRUSSELS - Agence France-Presse
The European Commission said it had informed Credit Agricole, HSBC and JPMorgan of its reasons for believing they rigged interest rate benchmarks crucial to global financial markets.
State-owned Ziraat Bank has dismissed questions over the reason for the U.S. Federal Reserve’s request for a money laundering action plan
ISTANBUL - Reuters
Capital inflow of unexplained origin has hit Republic era-record over the past 12 months, an economy report prepared by the main opposition CHP states, finding the flow ‘meaningful’
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