CAPITAL MARKETS - TL certificate will be on the basis of the lease, and the dollar

www.dunya.com - ISTANBUL - Deputy Prime Minister Babacan, Treasury certificates to exhibit significant rents, announced that the TL and foreign currency denominated.

Deputy Prime Minister Ali Babacan, Participation Banks Association of Turkey (TKBB) Chairman Fahrettin Yahsi, "the Treasury get the TL to exhibit significant rent certificate" proposal, "From the domestic market will no doubt, but also foreign investors, such as Eurobonds There will also be showing interest in foreign exchange on the basis of "he said.

Babacan, TKBB'nin 11.Olağan General Assembly in his speech, referring to the Treasury to exhibit significant lease certificates, the following made ​​statements: (source)

BANKING - Turkiye Finans obtains a USD 350 mio Murabaha Syndication

www.dunya.com - Finance General Manager of Turkey Derya Gürer: This syndication and corporate finance to SMEs primarily to companies in need of support, reasonable cost and kullandıracağız conditions.
ISTANBUL - Turkey Finance, the total participation of 15 countries, 29 international markets, the bank provided 350 million U.S. dollars Murabaha syndication.
Bank of Asia syndicate of international financial markets has provided Murabaha Finance General Manager of Turkey Derya Gürer Speaking at the signing ceremony, the consortium led ABC Islamic Bank, HSBC, said Noor Islamic Bank and Standard Chartered Bank undertook. (source)

BANKING - Goal of becoming the best participation bank Albaraka

www.dunya.com - ISTANBUL - Albaraka Turk Participation banking area of ​​the founders of our country, undergoing transformation. Bank to open branch in Iraqi city of Arbil next week to 130 the total number of branches reached 150 branches to reach the target at the end of the year. Albaraka Turk General Manager Fahrettin Sherlock Holmes, in line with the interest-free banking in 2015, a serious transformation process, they got too far away from the foundation, said: "Continuous as the need to renew yourself, need to improve your processes. We have started a process of transformation within the company in this regard and this process will take approximately 3 years. Our goal is to become the world's best participation bank. to continue our growth plan to a bank in Turkey in 2015, medium-sized, "he said.  (source)

BANKING - Noor Islamic Bank looking for license

www.dunya.com - Noor Islamic Bank in Turkey aimed at speeding up the flow of resources, commercial banking linsansı apply for.
 
Zeki Gündüz writings of tax considerations

ISTANBUL - Noor Islamic Bank plans to apply for a license for commercial banking in Turkey.
Hussey, CEO of the bank providing information to Reuters El Qemzi, Noor Islamic Bank since the beginning of 2011 until the source provides over $ 2 billion to Turkey, said they are aiming to provide a further $ 1 billion by year's end.
 
"Turkey is too high resource demand. Especially in the field of SMEs," said the CEO, "Bank of Islamic bonds (sukuk) is very active in syndications and structured finance," he said.  (source)

TAX - Exemption from the 3rd bridge construction KDV

www.dunya.com - Amendment to the tender documents the construction of the Northern Marmara Motorway Project, the project is exempt from VAT on the construction of the provision was made to the specifications.
 ANKARA - 3rd to the Bosporus Strait in the North Marmara Motorway Project including the construction of the bridge was learned that are exempt from VAT.
 Build-Operate-Transfer (BOT) model will be built with the law will exempt KDV large-scale infrastructure projects recently approved by President Abdullah Gul had gone into effect.  (source)

CAPITAL MARKETS - Turkey - Factors to Watch on March 12

www.reuters.com - KILER GYO

Kiler GYO, a Turkish real estate investment trust, may issue a sukuk over $100 million in the fourth quarter, Dunya newspaper reported citing parent Kiler Holding chief executive Yunus Nacar. (source)

BANKING - Albaraka Turk's target of 20 percent profit increase

www.dunya.com - ISTANBUL - Turkey's subsidiary in Bahrain, Al Baraka Banking Group Albaraka Turk General Manager Fahrettin Yahsi, Albaraka Turk said they expect an increase in the range of 15-20 percent in 2012, profitability, capital adequacy ratios, which is currently at 14 percent is one of the biggest constraints on growth, said it would evaluate building in the capital.

Yahsi also said they expect growth of around 20 percent of assets and loans.

A minimum level of regulatory capital adequacy ratio of 8 percent of the Turkish banking sector as 12 per cent is applied, is expected to be implemented this year, the banks' capital adequacy rules of Basel II is expected to create a print. (source)

BANKING - Asia Bank net profit of 216 million pounds

www.dunya.com - Bank of Asia fell 17 percent in net profit for the end of 2011 solo. Net profit share revenues increased by around 6 percent of the 631.2 million pounds.

ISTANBUL - Bank of Asia 17 per cent drop in net profit for solo end of 2011 amounted to 216.09 million pounds.

Solo in 2010, the Bank's net profit was 259.96 million pounds. (source)

BANKING - Participation banks, 596 million pounds profit

dunya.com - ISTANBUL - Joined the net profits of banks as of Sept. 30, a 7 percent increase over the same period of last year was 596 million pounds.

Participation Banks Association of Turkey (TKBB) announced on September 30, at the end of the funds collected from banks, by the end of 2010 increased 12 percent to TL 38 billion, rose 61 percent share of the funds collected funds in the TL, while 39 percent share of foreign currency funds amounted to. (source)

CAPITAL MARKETS - $ 350 million sukuk issue in Kuwait Turk

The Bank provided U.S. $ 350 million through this process before the money for investment and project financing kullandıracak.

ISTANBUL - Turkish Kuwait, amounting to $ 350 million sukuk issuance under the Rent Certificate Notification made​​.

Covered in the "first" in this process, which is the exported 350 million U.S. dollars and 5-year term provided the source, will be used primarily for investment and project financing. (source)

BANKING - Participation deposits in banks 58 times in 9 years has grown

ANKARA - The Turkish lira deposits in banks Joined 28 October 2011 until the end of 2002 grew approximately 58-fold. During the same period, about 4.4 times the output of the foreign currency deposits of banks.

According to Central Bank data, the data collected, 27 December 2002 of £ deposits with banks 399 million pounds, 26 December 2003 was 1 billion 77 million TL. (source)

BANKING -Kuveyt Turk has 160.2 million TL profit over the last 9 months

ISTANBUL - Kuwait Turkish Participation Bank, the 9-month net profit was 160.5 million pounds.

Kuwait Turk, according to the bank, 9 months, 25 percent of its profits are upgrading, according to the same period of 2010 increased by 58.13 per cent of the assets of 13 billion 671 million pounds released. Loans increased by 54.39 percent compared to same period last year, 9 billion, has reached 437 million pounds. (source)

BANKING - Bank Asya 164 million TL profit in first 9 months

ISTANBUL - Bank of Asia, the 9-month period, has achieved a net profit of 164 million pounds.

Joined Bank of Asia Inc. Announced non-consolidated financial statements dated September 30, 2011. Total assets of Bank of Asia takes place at the level of 17 billion 212 million pounds in cash and cash loans through the financial support provided by the real economy has reached 22 billion 684 million TL.

9-month net profit of Bank of Asia in the year 2011 amounted to 164 million pounds. (source)

BANKING - Albaraka, establish mobile branches in Van

Albaraka Turk, where the Van branch of the building was destroyed in the earthquake. Branch, 14 November at the mobile branch will start its activities.

ISTANBUL - Albaraka Turk Participation Bank Inc. 's branch in Van, where the building was destroyed in an earthquake yesterday.

Albaraka Turk's Public Disclosure Platform (KAP) issued a statement, yesterday, in an earthquake completely destroyed the building where the Van branch, the branch today and tomorrow, said the business of banking achievable.  (source)

FINANCE - Turkey Finance, Bank Islam Brunei Darussalam'dan murabaha loan was a $ 75 million.

ISTANBUL - Turkey Finance, Bank Islam Brunei Darussalam murabaha loan with a 5-year term with the new $ 75 million in the year 2011 a total of 800 million dollars worth of foreign loans has been provided. SMEs as a priority use of the new loan will be available from the received usury. (source)

BANKING - Kuwait Turk's new product is introduced in Dubai, the bank allows customers to supply gold 7 days and 24 hours.

ISTANBUL - Turkish Participation Bank of Kuwait, the "Golden Corner" of national and international public organizations introduced the product in Dubai.

According to the Kuwait Turk, Turkey, and gold gained prominence on the world day of each month a new product which the Bank, Golden Corner product offered to customers. A presenter in the meeting held in Dubai GITEX Exhibition in Kuwait Turkish Personal and Business Banking, Marketing and Product Development Group Manager Mustafa Degree, a broad product segments associated with gold, he said. (source)

BANKING - Bank Asya ISO 10002 and EN 15838

Bank of Asia Customer Satisfaction Management (ISO 10002) and Call Center Certificate (EN 15838) quality certificates received at the same time.

ISTANBUL - Bank of Asia, Customer Satisfaction Management (ISO 10002) and Call Center Certificate (EN 15838) quality certificates in Europe at the same time taking a "policy" reportedly made ​​by a signature.

Bank Asya General Manager, Abdullah Celik, a written statement, the next targets of Turkey's best call center award, and then to Europe, said that the best call center award. (source)

FINANCE - New 350 million USD loan for Albaraka Turk

New Murabaha syndicated loan, will be used to meet the capital needs of SMEs.
ISTANBUL - Albaraka, in September 2010 provided $ 240 million Murabaha syndicated loan amounting to more then signed a new agreement. The Bank's new $ 350 million for a syndicated loan of 25 banks and financial organizations from 17 countries signed the agreement. (source)

BANKING - Albaraka Turk profit first half 2011 mounts to Tl 70,9 lillion

İSTANBUL - Albaraka Türk yılın ilk 6 aylık döneminde 70,9 milyon lira kar elde etti.

Albaraka Türk Katılım Bankası A.Ş'nin Kamuyu Aydınlatma Platformu'nda yayımlanan bilançosuna göre, yılın ilk yarısında Bankanın aktiflerinin toplamı 8 milyar 685 milyon 201 bin TL'ye, özkaynakları ise 908 milyon 478 bin TL'ye ulaştı. (source)

BANKING - Albaraka, expects 20 percent increase in net profit

General Manager of Albaraka Fahrettin Yahsi, do not expect decline in profitability in 2011, predicting net profits increase again by around 20 percent.
ISTANBUL - General Manager of Albaraka Fahrettin Yahsi, do not expect decline in profitability in 2011, a net increase of around 20 percent of the anticipated profitability, the profit and loss would be one of the factors that support partnership based on the reported profits of real estate projects.
Yahsi, in his speech at a press conference, at the beginning of the year to achieve their goals they will reach the end of the year, so for them that looks like will not be a problem in terms of both profitability and growth, he said. (source)