www.reuters.com - (Reuters) - Turkish Islamic bank Turkiye
Finans' net profit rose 61 percent year-on-year to 145 million
lira ($80.3 million) in the first half and it plans a $300
million sukuk, or Islamic bond, issue in the next 6-9 months,
said general manager Derya Gurerk.
Gurerk told Reuters its net profit target for the whole year
was 278 million lira, up 20 percent from 2011. The bank said
previously it planned a sukuk issue by the end of the year. (source)
Gurerk said the bank, majority owned by Saudi Arabia's
National Commercial Bank, was focused on organic
growth after a board decision last month to increase its capital
by 122 percent to 1.78 billion lira ($986 million).
($1 = 1.8060 Turkish liras)
(Reporting by Ebru Tuncay; Writing by Ece Toksabay)
Source: http://in.reuters.com/article/2012/07/05/turkiyefinans-idINL6E8I572I20120705 - July 5, 2012
