CAPITAL MARKETS - İMKB celebrates the trading of “Kuveyt Türk Participation Bank B Type Silverplus ETF”

www.ise.org - On the occasion of the first trading day of “Kuveyt Türk Participation Bank B Type Silverplus ETF”, the executives and guests of the relevant bank will visit İMKB (İstanbul Menkul Kıymetler Borsası) and ring the opening bell of the Stock Market on May 21, 2012.
Mr. İbrahim TURHAN, İMKB Chairman & CEO, Mr. Mohammed Al OMAR, Chairman of the Board of Kuveyt Turk, Mr. Abdullah TIVNIKLI, Vice Chairman and Member of the Board of Kuveyt Turk, Mr. Ufuk UYAN, CEO of Kuveyt Turk and Mr. Murat ÇETİNKAYA, Vice President of Kuveyt Turk will deliver speeches, following which the officials will ring the opening bell and start the session at 09:30. (source)

BANKING - KFH-Turkey profit for Q1 TL87m with 18% increase

www.ameinfo.com - KFH-Turkey Chairman and Kuwait Finance House (KFH) CEO Mohammed Al-Omar announced that KFH-Turkey's net profit in Quarter 1 reached TL87m with 18% increase compared to last year. Assets increased by 43 % to reach TL15bn, while shareholders' equity increased to reach TL1.5bn (17%). Branches increased by 25 branches to reach 183 branches. It is worth noting that 10% of deposits of Q1 come from GCC countries. (source)

BANKING - Al-Omar: KFH-Turkey achieves TL 195 million net profit with 22% increase in 2011

Chairman of Kuwait Finance House in Turkey (KFH-Turkey) Mohammed Al-Omar.

Iwan: 16 branches in Turkey, plans to expand in Europe

 www.zawya.com - Chairman of Kuwait Finance House in Turkey (KFH-Turkey) Mohammed Al-Omar announced that the bank has achieved TL 195 million net profits in 2011 with 22% increase in 2011. Total assets increased by 54%, and deposits grew by 8%, while revenues increased by 17% compared to last year. The general assembly approved 16% dividends for shareholders. He added that such outstanding results were achieved despite challenging global markets conditions, which cements the fact that the bank is on the right track to becoming one of the best banks in Turkey. (source)

BANKING -Kuwait Finance House plans to continue its pivotal role in Turkish market, says Chairman

ameinfo.com - Chairman of Kuwait Finance House in Turkey Mohammed Al-Omar announced that the bank plans to continue its pivotal role in the Turkish market, in addition to cementing its strategy that is based on strengthening economic relations with neighboring countries, and with Kuwait and other GCC countries.

He added that the bank also plans to continue offering Islamic products and instruments that can broaden the horizon of Islamic banking in the Turkish economy, such as sukuk, murabaha, and ijarah.

Al-Omar went on to say during a forum held in Turkey that was attended by Turkish Minister of Finance and Minister of Economy, in addition to other economic, business and political figures, that KFH-Turkey has become a source of motivation for many Turkish banks and financial institutions. (source)

BANKING - Al-Omar: KFH-Turkey's success encouraged other foreign banks to enter Turkish market

Chairman of Kuwait Finance House in Turkey Mohammed Al-Omar announced that the bank plans to continue its pivotal role in the Turkish market, in addition to cementing its strategy that is based on strengthening economic relations with neighboring countries, and with Kuwait and other GCC countries. He added that the bank also plans to continue offering Islamic products and instruments that can broaden the horizon of Islamic banking in the Turkish economy, such as sukuk, murabaha, and ijarah. (source)

CAPITAL MARKETS - Kuveyt Türk issues $350 mln in Islamic bonds to Turkish market

Kuveyt Turk Participation Bank issued $350 million worth of Islamic bonds, also called sukuk, at a signing ceremony held on Tuesday in İstanbul.  (source)

CAPITAL MARKETS - Kuveyt Türk issues rent sukuk for Turkey

Kuveyt Türk has just issued its second Islamic sukuk security by pioneering the first rent certification for Turkey. This $350 million transaction will be used toward investment and project financing, according to the company’s statement yesterday.

“Kuveyt Türk’s two sukuk structures have received considerable interest. They are an important source for Turkey’s long-term development aspirations,” said Kuveyt Türk’s Board of Directors’ President Mohammed al-Omar.  (source)

BANKING - Al-Omar: 25% increase in profits of KFH-Turkey by end of Q3

Kuwait Finance House in Turkey achieved net profits TL 160.5 million by the end of 3^rd Quarter of 2011 with 25% increase compared to same period last year. The bank managed to sustain a steady growth rate since the beginning of the year, where assets increased to reach TL 13.671 billion with 58.13% compared to same period last year. Capital adequacy rate reached 16.5 by end of September. The increase in assets played a role in strengthening total value of bank's assets by end of Q3, where assets increased to reach KD 13.3 billion with 10.4%increase. (source)

CLIPS - MOHAMMED AL OMAR: Ceo KUWAIT FINANCE HOUSE - Chairman KUVEYT TURK

BANKING - KFH’s H1 results mirror Kuwaiti market conditions – Al Omar

Mohammed Al-Omar, CEO of Kuwait Finance House (KFH), told CNBC Arabiya exclusively today that KFH’s total assets reached KWD 12 billion, EPS 17.1 fils, while deposits grew by 14% which he saw as good results.

He indicated that the lender’s figures were impacted by return on financing cost.

By end of H1-11, KFH has made precautionary provisions, he noted, highlighting the solid performance of the stock. He also indicated that the lender’s figures mirrored the market’s conditions, given the fact that banks were awaiting for the development plan.

In addition, Al-Omar announced that KFH Turkey witnessed a33% growth, as the unit was financing operating projects and would likely issue Islamic bonds by the end of the year. The unit will generate profit because it operates in a healthy economy, Al-Omar said. (source)

SUKUK - Turkish delight

HABIB SHAIKH (Souq Sukuk) 6 November 2010

Raising finance through a sukuk can be a key contributor towards Turkey’s long-term funding requirements in the global sukuk market that took place recently was the launch of a three-year $100 million Wakala sukuk on August 23, by Istanbul-based Kuveyt Turk Participation Bank, in which global Islamic banking major, Kuwait Finance House, or KFH, has a controlling 62 per cent equity stake.