BANKING - The project to turn Turkey’s megacity into an international finance center is coming to fruition

www.balkans.com - Zaman - The project to turn Turkey’s megacity into an international finance center is coming to fruition as the planning phase gives way to construction. Within the framework devised by the Turkish government, the Istanbul Financial Center (IFC) project will house the head offices of the country’s governing bodies of financial markets, state-owned banks and related businesses.  (source)

BANKING - Bank Asya new CEO - Abdullah Celik

Bank Asya'dan yapılan yazılı açıklamada Cemil Özdemir'in, genel müdürlük ve Yönetim Kurulu üyeliği görevlerinden kendi isteğiyle ayrıldığı, bunun üzerine, genel müdürlük görevine Türkiye Kalkınma Bankası AŞ Yönetim Kurulu başkanlığı ve genel müdürlüğü görevlerini ifa etmiş olan Abdullah Çelik'in atanmasına ilişkin Bankacılık Düzenleme ve Denetleme Kurumu'na (BDDK) başvuruda bulunulmasına Bank Asya Yönetim Kurulu'nca karar verildiği bildirildi.(full story)

Bank Asya Board of Directors decided to assign Mr. Abdullah ÇELİK as a board member and apply BRSA (Banking Regulation and Supervision Agency) to appoint Mr. Abdullah ÇELİK as a President & CEO accordance with relevant article of Turkish Banking Law due to resignation of Board member and President-CEO Mr. Cemil ÖZDEMİR as of March 10, 2011. (source)

SUKUK - Sukuk under Turkish law

As a supplement to the OPINION on the new Sukuk from Kuveyt Turk, I do insert hereunder the - as far as I know only - article that was published in English on the new Sukuk regulation, as published ion June 1, 2010 by the Turkish Capital Markets Board SPK. he Communique has been passed and published virtually unnoticed.

The source is Todays Zaman, the author is Berk Cektir.