Participation banks in Turkey posted 169 million Turkish Liras in net profit in the first quarter of 2011.
Turkey Participation Banks Union stated on Tuesday that according to figures from Dec. 31, the funds raised 2 percent to 34.6 billion liras, while the share of lira funds was posted as 66 percent, and the foreign funds as 34 percent. (full story - hurriyet daily news)
Participation banks operating in Turkey are AlBaraka, Kuveyt Türk, Türkiye Finans and Bank Asya.
The number of branches of participation banks rose to 633, growing 4 percent, and the number of personnel increased to 12,816.
