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Islamic Finance Briefing - Categorized | Banking, Performance more

Turkish Islamic bank profit up 61pct

Posted on 09 July 2012

Turkish Islamic bank Turkiye Finans, which is majority-owned by Saudi’s National Commercial Bank, said its net profit rose 61 per cent year-on-year to 145 million lira ($80.3 million) in the first half.
The bank has also plans to issue a $300 million sukuk (Islamic bond) in the next 6 to 9 months, revealed Turkiye Finans’ general manager Derya Gurerk in an interview with Reuters………………………………………..Full Article: Source

 
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