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)
“Some of our new branches opened last year started making a profit in only three months. Normally this period is between 12 and 18 months,” Çelik explained. His team will cut the ribbon in front of the bank's Arbil branch in autonomous northern Iraq and also in front of a representative office in India.
Bank Asya recorded a net profit of TL 216 million ($70.5 million) last year, when its assets exceeded TL 16 billion and the volume of loans it extended to businesses and individuals was TL 13 billion. It employs some 4,500 people in 200 branches across the country.
Islamic banking has a similar modus operandi to conventional banking except that it operates in accordance with Shariah rules on transactions, forbidding interest as well as investing in businesses that provide goods or services considered “haram,” contrary to Islamic principles.
Source: http://www.sundayszaman.com/sunday/newsDetail_getNewsById.action?newsId=276564 - April 6, 2012
Bank Asya recorded a net profit of TL 216 million ($70.5 million) last year, when its assets exceeded TL 16 billion and the volume of loans it extended to businesses and individuals was TL 13 billion. It employs some 4,500 people in 200 branches across the country.
Islamic banking has a similar modus operandi to conventional banking except that it operates in accordance with Shariah rules on transactions, forbidding interest as well as investing in businesses that provide goods or services considered “haram,” contrary to Islamic principles.
Source: http://www.sundayszaman.com/sunday/newsDetail_getNewsById.action?newsId=276564 - April 6, 2012
