BANKING - Turkiye Finans obtains a USD 350 mio Murabaha Syndication

www.dunya.com - Finance General Manager of Turkey Derya Gürer: This syndication and corporate finance to SMEs primarily to companies in need of support, reasonable cost and kullandıracağız conditions.
ISTANBUL - Turkey Finance, the total participation of 15 countries, 29 international markets, the bank provided 350 million U.S. dollars Murabaha syndication.
Bank of Asia syndicate of international financial markets has provided Murabaha Finance General Manager of Turkey Derya Gürer Speaking at the signing ceremony, the consortium led ABC Islamic Bank, HSBC, said Noor Islamic Bank and Standard Chartered Bank undertook. (source)

FINANCE - Bank Asya to offer SME loans worth TL 2.5 bln

www.todayszaman.com - Bank Asya Marketing Manager Murat Demir announced in a meeting over the weekend that the financial institution will start handing out more loans to small and medium-sized enterprises (SMEs), for a total of TL 2.5 billion in 2012.

Bank Asya, a leading participation bank in Turkey, aims to support the financing of SMEs with these loans. Emphasizing that SME loans make up 34 percent of all loans offered by the bank, Demir said they have 170,000 customers, and the majority of loans are given to the construction, manufacturing, health, food and metal sectors. Demir explained that businesses usually get medium-term loans and use them for raw materials, intermediate goods and other products. He also said businesses in the Marmara, Central Anatolia and Southeastern Anatolia regions have mostly applied for these loans. (source)

BANKING - Bank Asya predicts 15 pct growth for 2012

www.hurriyetdailynews.com - Turkey’s Bank Asya foresees 15 percent growth in 2012, especially in private banking and Small Medium Enterprises (SME), according to Bank Asya General Manager Abdullah Çelik.

The bank also wants to open 25 new branches this year, to reach 300 branches by 2015, and wants to expand its operations to India, Northern Iraq, Africa and the Balkans. (source)

BANKING - Bank Asya 164 million TL profit in first 9 months

ISTANBUL - Bank of Asia, the 9-month period, has achieved a net profit of 164 million pounds.

Joined Bank of Asia Inc. Announced non-consolidated financial statements dated September 30, 2011. Total assets of Bank of Asia takes place at the level of 17 billion 212 million pounds in cash and cash loans through the financial support provided by the real economy has reached 22 billion 684 million TL.

9-month net profit of Bank of Asia in the year 2011 amounted to 164 million pounds. (source)