Saturday 3 March 2012

FINANCE - Turkish Bank Asya gears up for syndicated loan

www.m2.com - 1 March 2012 - Turkish lender Asya Katilim Bankasi AS is seeking to get a syndicated Islamic loan that could be denominated in various currencies, the bank said in a bourse filing yesterday.

In particular, Asya plans to draw a one-year loan worth the equivalent of USD200m (EUR150m). (source)


The Sharia-compliant lender has chosen National Bank of Abu Dhabi, ABC Islamic Bank, Noor Islamic Bank, Emirates NBD Capital and Standard Chartered (LON:STAN) to help it obtain the Murabaha facility, the statement said.

In April 2011, Asya took out a one-year USD300m syndicated Islamic loan from 26 international financial institutions.

Source: http://www.m2.com/m2/web/story.php/20122444532 - March 1, 2012