BANKING - Turkish delight for UAB

According to the Today's Zaman website Adnan Yousif, chairman of UAB has said that banks from the Gulf are looking for Turkish banks to acquire. Yousif was speaking at the Enhancing Shamgen Banking: Turkey, Syria, Lebanon and Jordan conference in İstanbul when he indicated that big Arab banks such as Al Rajah Bank, Qatar National Bank and Abu Dhabi Islamic Bank were seeking opportunities to become established in Turkey by purchasing a national bank. (full story)




He is quoted as saying, “We need more cooperation in the banking and finance sector in the coming period. Globalization forces us to become involved in more joint projects,” Yousif said, referring to a regional cooperation agreement in the field of banking that was signed between Turkey and three of its southern neighbours. The implications for Islamic banks and Turkish participation banks could make for interesting developments to come.

Source : http://www.theislamicglobe.com/index.php?option=com_content&view=article&id=166:turkish-delight-for-uab&catid=15:article&Itemid=38 - Mrt 31, 2011