Banking and insurance in Iran

The short-term foreign debt held by Turkey's private sector increased by $2 billion at the end of June from the end of 2016, the country's central bank announced on Aug. 16.    
    
Short-term loans - which must be paid within 12 months - reached $16.3 billion in the sector as of June, the Central Bank said in a statement.  

Some 52 billion Turkish Liras ($14.3 billion) in loans and credit card debts were restructured in Turkey in September 2016, said the head of a top sector association, adding that this was a huge figure and that the sector achieved a great success by implementing the restructuring.

Bank Pasargad, Iran's second-largest listed bank, is looking to raise capital and expand overseas now that the country is free of the shackles of sanctions, a senior official told Reuters.

The head of Turkey?s banking watchdog, the Banking Regulation and Supervision Agency (BDDK), said on Aug. 19 the Turkish banking sector was solid.

We do not call them Islamic banks in Turkey. Banks are banks, administrative apparatuses. In the past, they were termed “Special Finance Institutions” and only after the 2005 amendments to the Banking Law are they now called “Participation Banks.”