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Interest by Gulf lenders in Turkey’s Islamic banking market is on the rise

Posted on 14 December 2011

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 BanksLeading Arab banks are currently eyeing opportunities to penetrate Turkey’s growing finance market, the top executive of Union of Arab Banks said yesterday, adding that possible investors consider merger and acquisitions.
“Banks from Arab countries and Gulf countries are highly interested in Turkey,” said Adnan Ahmed Yusuf Abdulmalek, head of Union of Arab Banks. Emirates International Bank and Qatar International Bank are among the banks interested in starting up new banks from scratch, he said………………………………………..Full Article: Source

 
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