BANKING - More Arab banks on way to Turkey

www.hurriyetdailynews.com - Bank Audi, which is set to launch its Turkey unit, may be followed by more Arab banks, says Fattouh, Arab banking union head. Turkey is ‘one of the best places’ for banks to operate as crisis holds on in US and EU, he adds. (source)

BANKING - More Arab banks eye local chances : Bank Audi first .. Dubai Islamic Bank to follow ?

Interest by Gulf lenders in Turkey’s Islamic banking market is on the rise, according to Adnan Ahmed Yusuf Abdulmalek, head of Union of Arab Banks

A customer walks past the main entrance of Bank Audi head office in Beirut. The lender owned by the Lebananese Sal-Audi Saradar Group has been the only foreign bank granted license to operate in Turkey in the last 14 years. (source)

BANKING - Bank Audi to invest $10 billion in Turkey - with Islamic branch in Egypt

Lebanon's Bank Audi has informed the Banking Regulation and Supervision Agency (BDDK) that it plans to invest $10 billion in Turkey, according to reports in the Turkish media over the weekend. (source)