Tuesday, September 13 2011 , Your time is 15:58:00
Iran has been approved as a founding member of the Beijing-backed Asian Infrastructure Bank (AIIB), China's finance ministry said Tuesday, just days after Tehran sealed a historic framework agreement on its nuclear programme.
DUBAI - Agence France-Presse
The Islamic finance system faces several key challenges if it is to unlock its huge potential and develop safely, the International Monetary Fund said on April 6.
BELGRADE / ISTANBUL
Turkey’s state-run Halkbank said on March 20 it has signed a deal to buy a 76.76 percent stake in Serbian lender Cacanska Banka for 10.1 million euros ($10.9 million)
ANKARA - Anadolu Agency
The growing Islamic finance market has helped economies diversify their investor base, said Director and Global Head of Islamic Finance at Standard & Poor’s Mohamed Damak.
Chinese authorities have given Industrial and Commercial Bank of China approval to buy a 75.5 percent stake in Turkey’s Tekstilbank, the Turkish lender said on March 20, bringing the $316 million deal closer to completion
PODGORICA - Anadolu Agency
Montenegro’s Central Bank decided to grant permission to Turkey’s state-run Ziraat Bank to operate in the country on April 6, officials said.
TOKYO - Reuters
The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution
ISTANBUL - Reuters
Borsa Istanbul elected a U.S.-educated economist and finance professor as its next chairman on March 31, as Turkey’s sole stock exchange gears up for a 2016 public offering
Finansbank, 99.8 percent of which is owned by National Bank of Greece (NBG), has announced its intention to launch an offering of its ordinary shares listed on Turkey’s main stock exchange, Borsa Istanbul
Ratings agency Moody’s gave a negative outlook on Turkey’s banking sector for the second straight year on late March 25, citing subdued economic growth and currency volatility.
Turkey intends to become a member of the China-led Asian Infrastructure and Investment Bank (AIIB), the Treasury said on March 26 by a written statement.
Turkish lender Kuveyt Türk said on March 22 it would launch Germany’s first full-fledged Islamic bank in July, a first step intended at offering sharia-compliant retail banking services across the continent.
Turkish Islamic lender Bank Asya, whose management was taken over by regulators earlier this year, swung to a net loss of 877 million liras ($336 million) in 2014 on shrinking loans and deposits
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