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Turkey merges state Islamic banks in financial sector overhaul | Collector
Turkey merges state Islamic banks in financial sector overhaul

Turkey merges state Islamic banks in financial sector overhaul

Turkish president Recep Tayyip Erdogan last week announced the merger of three state-owned Islamic banks, unveiling a restructuring plan aimed at expanding the role of participation banking within the country’s financial system. The consolidation will bring together Ziraat Katilim, Vakif Katilim and Halk Katilim, a move Erdogan said would give “a different dynamic to the […]

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