World Economy

Turkish Bank Eyes Bahrain

Turkish Bank Eyes BahrainTurkish Bank Eyes Bahrain

Turkiye Finans Bank, the best Turkish Islamic Bank, has announced plans to expand its operations and establish in Bahrain.  It would be its first overseas foray and a welcome addition to the Kingdom’s Islamic banking sector. Turkiye Finans, in which Saudi Arabia’s National Commercial Bank is the largest shareholder, announced the plans during a visit by bank officials to the Persian Gulf state, Bahrain’s state news agency BNA said. The move would help rekindle Bahrain’s Islamic banking sector, which includes six retail banks and 18 wholesale banks.