Ziraat Katılım

Somalia has announced it had awarded licences to two foreign banks, including Türkiye's participatin bank Ziraat Katılım, as the nation opens up the industry to international lenders.

Ziraat Katılım and state-owned Banque Misr of Egypt and will become the first international banks to operate in the country, Somalia's Central Bank said in a statement.

Data analytics company NielsenIQ Turkey has identified Turkey's most technological brands in 26 categories by conducting online surveys.

Koç Holding's Arçelik received "Turkey's Most Technological Domestic Brand" and "the Most Technological Brand of the COVID-19 Era" awards, whereas Garanti BBVA was chosen as the most technological bank.

Following Turkish state lenders' step to gather automated teller machines (ATMs) under a joint brand, a private lender has struck deals with two major private banks to offer expanded ATM services to its customers.

Turkish President Tayyip Erdoğan said on June 5 he decided to cancel a weekend lockdown announced late on June 4 but he warned of a rise in the number of daily coronavirus cases.

On June 4, Turkey's interior ministry announced the stay-at-home order in 15 cities to prevent the spread of the
virus, continuing the country's policy of weekend lockdowns.

Turkish state lenders announced a financial support package on March 25in line with the government measures to limit the economic fallout from the coronavirus pandemic.

Three conventional banks - Ziraat, Halk, Vakıf - and two participation lenders - Ziraat Katılım and Vakıf Katılım - made public their package applicable for all enterprises.

Türk Eximbank, Turkey's major export incentive instrument, on March 24 introduced a support package for exporters to mitigate the impact of the coronavirus pandemic.

The move aims for exporters to continue production and maintain employment as they see orders falling or being canceled due to virus fears.

President Recep Tayyip Erdoğan has said he disapproves of plans regarding a unit of state-owned lender Ziraat buying a stake in bakery chain Simit Sarayı and that this plan has been dropped.

Attacking innocent worshippers is terror and murder, not jihad, President Recep Tayyip Erdoğan said on May 3 at the opening ceremony of Turkey's largest mosque.

State lender Ziraat Bank has secured a $1.425 billion syndicated loan with the participation of 40 banks from 22 countries.

Turkey's banking industry watchdog BDDK has authorized the participation bank Emlak Katılım to conduct operations.