Kuveyt Türk

The Turkish government has chosen Murat Çetinkaya, a deputy Central Bank governor, to be the Bank's new governor, Deputy Prime Minister Numan Kurtulmu? announced on April 11 after a cabinet meeting led by Prime Minister Ahmet Davuto?lu in ?anl?urfa on April 11.

The Islamic lending arm of Turkey's state-run Ziraat Bank has applied to sell 1.5 billion lira ($501.9 million) worth of Islamic bonds, or sukuk, according to Turkey's Capital Markets Board (SPK).

Turkey's main stock exchange, Borsa Istanbul, has announced the launching of a training program for employees of Bosna Bank International (BBI) in line with a memorandum of understanding with the bank to facilitate the mutual exchange of know-how and experience.

A total of 16 employees will receive training for one year from Borsa Istanbul and Turkey's Kuveyt Türk, it added. 

Kuwait Finance House (KFH) is exploring the possible sale of its Malaysia unit, as the Islamic lender looks for a leaner structure while seeking greener pastures through its Turkish franchise.

Turkish President Recep Tayyip Erdo?an has told Kuwaiti businesspeople that Turkey is ready to take part in the construction sector in the Gulf nation, as Islamic banking remains a strong field of cooperation. 

Erdo?an said April 28 during a meeting in Kuwait City that he had learned the Gulf country was preparing for a breakthrough in the construction sector. 

Turkish lender Kuveyt Türk said on March 22 it would launch Germany?s first full-fledged Islamic bank in July, a first step intended at offering sharia-compliant retail banking services across the continent.

Turkey's third-largest state-run bank Vak?fbank received regulatory approval yesterday from banking watchdog BDDK to establish an Islamic banking division, the Official Gazette has announced.

The bank will need to own a capital of $300 million.

With the approval, the bank has nine months to establish its banking unit according to Turkish law.