President Erdoğan: Turkey aims to triple share of participation finance in total banking assets to 15% as of 2025

 

President Recep Tayyip Erdoğan made a speech the "New Horizons in Alternative Finance" program held at Marmara University.

The Istanbul Finance Center project in Turkey’s economic hub is expected to be completed as of early 2022, the nation’s president said on Monday. 

Speaking at a conference in Istanbul, Recep Tayyip Erdogan said Turkey will take brave and decisive steps in alternative finance in the days to come to assume its rightful place on the world stage.

"Our target is to raise the share of participation finance in total banking assets to 15% as of 2025, from its current level of 5%," he added.