New players needed in Turkish Islamic banking to reach 15% share target: regulator

 11 May 2016 - 10:20

New players needed in Turkish Islamic banking to reach 15% share target: regulator

ISTANBUL: New players must enter the Islamic banking market in Turkey for the sector to reach its target of 15 percent of the country's banking business by 2023, a banking regulator said on Wednesday.

Without new entrants, this target will be difficult to achieve, Mehmet Ali Akben, chairman of the Banking Regulation and Supervision Agency, told a meeting of the Participation Banks Association of Turkey.

Reuters