Al-Omar asserted that the bank will continue to shoulder its strategic role and trade between Kuwait and Turkey on the one hand, and between Turkey and the GCC countries.
He went on to say that the volume of financing offered by the bank from last year until Q1 reached $6bn.
He added that the bank managed to secure two deals of Sukuk worth $450m, and stressed that the gold account and the gold investment fund that the bank has offered for the first time have achieved unprecedented demand, since the Turkish people tend to buy and keep gold.
He mentioned that in less than two years, the bank managed to have gold deposits 22 tons of gold that are worth $1.2bn.
Moreover, Al-Omar asserted that the Turkish market is one of the most important and promising markets, where good growth rates are achieved.
He also praised the Turkish government for exerting efforts in the economy field, which allowed Turkey to become a successful economy model for Islamic countries.
Furthermore, Al-Omar applauded the Turkish government for allowing GCC citizens to own real estate in Turkey, since this will boost the Turkish real estate market.
Source: http://www.ameinfo.com/kfh-turkey-profit-q1-tl87m-18-increase-300961 - May 20, 2012
