Saturday 2 August 2014
Turkish unit

Bank Audi wins nod for $300m Turkish unit

Lebanon's Bank Audi said it had won approval to open a subsidiary deposit bank in Turkey with share capital of $300 million. Audi, which already operates in several countries in the Mena, said its decision to expand into Turkey came as


KFH Turkish unit launches $350m sukuk

Kuwait Finance House's Turkish unit Kuveyt Turk has launched a $350 million five-year sukuk issue, according to a document issued by leads. The paper will carry an initial profit rate of 5.875 percent, which is inside the 6 percent ar


Albaraka Turk closes $350m loan facility

Bahrain-based Albaraka Banking Group (ABG) said its Turkish unit Albaraka Türk Katılım Bankas has successfully closed a $350 million dual-currency syndicated murabaha financing facility. Several major banks including ABC Islamic,


Albaraka Turkish unit secures $150m funding

Albaraka Banking Group said its Turkish subsidiary has mandated several major banks to arrange a $150 million dual-currency syndicated finance facility to expand its activities in the country. Albaraka Türk said the banks involved in the a


KFH Turkish unit gets UAE licence

Kuwait Finance House, the country's biggest Islamic lender, said on Monday its Turkish unit has obtained a licence to operate in the United Arab Emirates. The new bank, the Kuwait Turkish Participation Bank, will operate in the Dubai Inter

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