Turkey’s Islamic banks get big pandemic year pick up in profit as market share crosses 7%
Turkey’s Islamic banks posted 52.42% growth in profit to 3.72 billion Turkish liras (around $504 million) last year as their market share of assets crossed 7%.
The six banks held 437.09 billion Turkish liras in assets, up 53.66% from 2019, according to data released this week by the Banking Regulation and Supervision Agency (BDDK).
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