Banking Regulation and Supervision Agency

Turkey launches Ziraat Bank's Islamic branch

Turkey?s largest state-owned bank, Ziraat Bank, has launched its first branch for Islamic finance in Istanbul.

?This is a historic step. Other state-owned banks should follow Ziraat?s move,? President Recep Tayyip Erdo?an said on May 29  during the opening ceremony in the Eminönü neighborhood, referring to Vakifbank and Halk Bank. 

Turkish banking watchdog certifies Ziraat Bank's Islamic branch for operations

One of Turkey?s largest state-owned banks, Ziraat Bank, was authorized by the country?s banking regulator to begin operations in its Islamic banking division, according to the government?s official gazette on May 14.

The Banking Regulation and Supervision Agency (BDDK) issued a certificate giving permission to Ziraat Bank to commence operations as an Islamic bank.

Economic candidates to battle at top of party lists

The ruling Justice and Development Party's (AKP) top economy executives will be replaced in the June 7 election, according to its recently announced candidate list, while the opposition parties' nomination of leading economic figures apparently displayed their bid to show voters that they are ready to take power.