Page 33 - TURKRptOct21
P. 33
Jan-21
Marmara Forum shopping mall
claim
claim
Akbank
Multi/Netherlands
Jan-21
2,000 hotels
on sale
-
-
-
Dec-20
Palladium Atasehir
full
-
Akbank
Tahincioglu
Nov-20
Cukurova Airport
-
€297.1mn
Kozuva
DHMI-privatization
Nov-20
Istinye Park
30%
$300mn
Qatar sovereign fund
Dogus Holding
Oct-20
Antalya Port
full
$140mn
Qatar
Global Ports
Aug-20
Zubizu
-
-
DgPays
Dogus Holding
Jul-20
Dogus Marina
100%
-
CVC/Luxemburg
Dogus Holding
Feb-20
n11
mandate
-
Citi, BoA
SK/Korea, Dogus
Aug-18
Two wind plants
full
-
-
Agaoglu
Apr-18
D.ream
17%
$200mn
Temasek/Singapore
Dogus Holding
7.1.3 Banks specific issues
The Islamic banking penetration rate in Turkey increased to 7.1% at end-2020 from 5.8% in 2019.
There are six Islamic banks in Turkey—AlBaraka, Kuveyt Turk, Turkiye Finans, and state-owned lenders Emlak Katilim, Vakif Katilim and Ziraat Katilim.
Funds collected by Islamic banks grew 49% y/y to TRY322bn (€33bn) in 2020 while loans increased by 61% to TRY240bn.
Total assets of Islamic lenders rose some 54% y/y to TRY437bn while their net income increased 52% to TRY3.7bn.
7.2 Central Bank policy rate
33 TURKEY Country Report October 2021 www.intellinews.com
