| From Arabnews.com: This year will be a difficult year for Turkish banking — both conventional and participation (Islamic) banking — although the latter will continue to grow in terms of market share of the total banking sector, says Avsar Sungurlu, assistant managing director of BMD Securities, one of the top fund managers and investment advisers serving the participation banking sector in Turkey.
“Compared to international banks, Turkish banks had very strong financials and profits in previous years. But as the interest rates continue to come down in Turkey, it becomes harder to get deposits, so banks try to find new areas of interest..............................................Full Article: Source
|