Specially aimed towards an SME program, Turkiye Finans signed off a one year USD 300 mln Muarabaha Syndicated Loan, arranged by Citibank with 20 underlying banks.
From Brunei Bank Islam and from Malaysia Malayab Bank are reported to have participated. It is the first syndicated Murabaha in Turkey where we have seen a Southeast Asian participation. Other participating banks were amongst others Deutsche Bank (GER), Standard Chartered (UK), IDB and NCB (KSA). (full story)