www.bloomberg.com - Turkiye Finans Katilim Bankası AS, a
Turkish bank that operates according to Islamic rules barring
interest, will grow 25 percent this year, Aksam reported, citing
Chief Executive Officer Derya Gurerk.
The shareholders are committed to increasing the bank’s
capital to achieve a capital adequacy ratio that will support
this rate of growth, Gurerk said, according to the newspaper.
National Commercial Bank of Saudi Arabia owns 64.7 percent
of Turkiye Finans, Turkish Boydak Group 21.6 percent and Yildiz
Group 13.7 percent. (source)
Turkiye Finans will have more than 200 branches in Turkey
by year-end and Gurerk said National Commercial Bank is
“enthusiatic” about growth in the country, Aksam reported.
Istanbul, Turkey’s main city, can easily become a center of
Islamic finance, the newspaper cited Gurerk as saying.
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To contact the reporter on this story:
Sibel Akbay in Istanbul at
sakbay@bloomberg.net
To contact the editor responsible for this story:
Aydan Eksin at
aeksin@bloomberg.net
Source: http://www.bloomberg.com/news/2012-06-25/turkiye-finans-will-grow-25-percent-in-2012-aksam-reports.html - June 27, 2012
