null Turkey may merge three Islamic banks controlled by wealth fund
Turkey may merge three Islamic banks controlled by wealth fund
24 Jun 2021 | Thursday Source: Ahval News
Turkey may merge three publicly owned Islamic banks under the country’s wealth fund to increase efficiency and economies of scale, the Dünya newspaper reported on Wednesday.
The merger is currently in the discussion phase, Dünya said citing unidentified sources with knowledge of the matter. It would create the second-largest Islamic bank in Turkey, it said.