BANKING - Foreseeing quick profits, Bank Asya decides to open 15 new branches

www.sundayszaman .com - Bank Asya General Manager Abdullah Çelik has said Turkey's largest Islamic participation bank will significantly increase the number of new branches to be opened this year.
 

Speaking to a group of reporters on the sidelines of a luncheon conference in Washington, D.C., on Thursday, Çelik said the bank is set to open 40 new branches -- equal to 20 percent growth -- by the end of 2012. The bank earlier said it planned to open 25 new branches this year. “We trust in Turkey,” he said, when asked to name the motive for the change.  (source)

BANKING - Bank Asya press conference

www.bankasya.com.tr  - Bank Asya board member and general manager Mr. Abdullah CELİK held a press conference on 08.02.2012 and the main topics are listed below:

• Bank Asya continues ongoing negotiations with buyers regarding the sale of its Isik Sigorta (Insurance Subsidiary) shares. Depending on the offers, Bank Asya may sell entire of its shares.  (source)

FINANCE - Local lender mediates for Indian debt to Iran

The debt crisis between Iran and India, which was caused by the US sanctions on the Islamic republic, has been resolved by the support of Turkey’s state-run Halkbank, the lender’s executives confirm. Separate reports by the Iranian media say that Turkey, Iran and Iraq have reached a consensus to found a joint bank based in Tehran.  (source)

EVENTS - INTERNATIONAL CONFERENCE : Organised by Istanbul Chamber of Commerce (ICOC) discribed as "India - Turkiye Cooperation" has been held in Istanbul on 01-04 April 2011.

ISTANBUL CHAMBER OF COMMERCE (ICOC) - INDIAN MERCHANTS' CHAMBER (IMC)
Tuesday, April 12, 2011- Resadiye Cad. 34112 Eminönü, Istanbul
India Calling to Istanbul Turkey
April 12 - 15, 2011
Informal Networking Dinner hosted by Istanbul Chamber of Commerce (ICOC)
Venue: Istanbul Chamber of Commerce

Plenary Session II - Financial Services
Speaker : Osman Akyüz - Assembly Member/ ICOC Banking & Finance Committee
Chairman:: Mr. Mark Fernandes, Partner, Sylvester & Co
Speaker 1: Kamil Turgut Erkeskin -Assembly Member / ICOC Transport & Logistic Committee
Speaker 2: Mr, Saroj Datta, Executive Director, Jet Airways
Chairman:: Mr. Pradeep Chinai, Managing Director, Ceekay Daikin Ltd

Click for the presentatiion of Mr. Osman AKÜZ, Secretary General of TKBB.

BANKING - Turkish participation banks continue to thrive

The Turkish participation (Islamic) banking sector may not be as savvy or prone to spin and hype as its counterparts in the Middle East and elsewhere, but it continues to thrive. Perhaps more importantly, judging by the recent innovations in products and transactions, the participation banking sector in Turkey is also one of the most competitive in the global Islamic finance landscape. (full story)

BANKING - NEW DELHI: India may soon get its first foreign Islamic bank in Bank Asya

NEW DELHI: India may soon get its first foreign Islamic bank with the Reserve Bank of India (RBI) seeking government approval to allow Turkey’s Bank Asya to offer Shariah-compliant lending in the country. Shariah, or the Islamic law, bans interest on financing. Bank Asya is keen to start its Indian operations through a representative office in Mumbai. “So far the bank has only sought permission to open a representative office,” a finance ministry official said. “We are considering their application .” (source)