Financial and Banking News


Turkish Borrowing Popular

A number of Arab banks and financial institutions have been involved in the Turkish market in recent weeks. The big Turkish bank, Is Bankasi, is raising $150mn in short-term funding from a syndicate of international banks which includes a significant Arab presence. Among the ten lead managers are Gulf International Bank (GIB), Kuwait Foreign Trading, Contracting and Investment Company (KFTCIC) and Commercial Bank of...