Bloomberg
US · 3 hrs ago
✦ 78◉ Centre
Three Turkish Banks to Merge in Islamic Economy Push
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Quality 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Turkey's three state-run Islamic banks are set to merge as part of President Erdogan's initiative to expand the role of participation banking in the country's financial system.
Three Turkish Banks to Merge in Islamic Economy Push
Turkey’s three state-run Islamic banks will merge, President Recep Tayyip Erdogan said on Friday, declaring a new initiative to boost the share of so-called participation banking in the financial system.
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