BANKING - BRIEF-Al Baraka Turk plans to open branch in Arbil, northern Iraq

ISTANBUL, Dec 8 (Reuters) - Fahrettin Yahsi, chief executive of Islamic lender Al Baraka Turk, part of Bahrain's Al Baraka Banking Group, told Reuters on Wednesday:


* plans to open a bank branch in Arbil, northern Iraq in six months time
* Says sees asset growth of 30 percent in 2010, 20 percent in 2011
* Plans $250 million murabaha syndication in Q2 2011 (Reporting by Ebru Tuncay)

(Istanbul newsroom - +90 212 350 7122 begin_of_the_skype_highlighting istanbul.newsroom@reuters.com)

Source : http://www.finanznachrichten.de/nachrichten-2010-12/18778217-brief-al-baraka-turk-plans-to-open-branch-in-arbil-northern-iraq-020.htm - Dec 8, 2010