Friday, 19 August 2011

BANKING - Bank Asya plans small Balkan buy, subject to bid offers itself - USD 300 million sukuk planned by end of this year


Aug 17 (Reuters) - Turkey's Bank Asya, which offers non-interest banking services adhering to Islamic law, plans a small acquisition of between $10-20 million in a Balkan country in partnership with the Islamic Development Bank, its chief executive said on Wednesday. (source)



Chief Executive Abdullah Celik added Bank Asya itself was always attracting bid offers but these were well below the bank's potential.

The bank plans a $300 million sukuk by the end of this year depending on market conditions. (Reporting by Ebru Tuncay and Alexandra Hudson) 

Source : http://uk.reuters.com/article/2011/08/17/idUKL5E7JH13N20110817 - Aug 17, 2011