Friday 1 August 2014
Turkiye Finans

Turkish Islamic bank profit up 61pc

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 


NCB takes 60pc stake in Turkey bank

Saudi National Commercial Bank has agreed to pay $1.08 billion for a 60 percent stake in Turkish Islamic lender Turkiye Finans, the two firms said. The ruling AK Party has encouraged Gulf investment into Turkey, and the news comes just a f

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