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Aktif inks export financing to help bolster Turkish growth


Turkish lender Aktif Bank has signed a $45m murabaha export financing agreement with the International Islamic Trade Finance Cooperation (ITFC). Additional support for Turkish exports is badly needed — Turkish GDP growth has slowed to well below the government’s 2014 target level, and recent data indicates that exports are one of the few areas of the economy preventing a deeper drop, said emerging market analysts.

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