* Bank would be Turkey's second to issue sukuk
* Wants to advise firms on sukuk issuance
* Focus on consumer, small business banking
(Adds details on advisory plans, strategy)
By Ebru Tuncay and Seda Sezer
ISTANBUL, Dec 7 Turkey's largest Islamic lender
Bank Asya plans to issue a dollar-denominated sukuk,
or Islamic bond, of around $200-$300 million within the next 2-3
months, Chief Executive Abdullah Celik told Reuters.
The Islamic lender will also finalise the issuance of its
lira-denominated sukuk of between 100-150 million lira ($56-84
million) within the next month and half, Celik said in an
interview late on Thursday.
Turkey's Islamic banks have so far issued only two sukuk.
Both were issued by Kuveyt Turk, 62 percent owned by Kuwait
Finance House, which raised a total of $450 million in
2010 and 2011.
In November 2011 Bank Asya shelved a plan for a $300
million, five-year sukuk issue, citing "adverse developments in
After issuing its own sukuk, Bank Asya may shift attention
to underwriting Islamic bond issues for Turkish companies and is
setting up a brokerage unit to advise firms, Celik said.
"We will mediate in sukuk issuances and finding partners for
firms. But as Bank Asya we could also make partnerships," he
Bank Asya put up its insurance unit Isik Sigorta for sale in
February but decided not to accept bids it received after talks
with possible German and Canadian buyers, Celik said, without
giving further details.
"We do not have to sell Isik Sigorta," he said.
He said Bank Asya expected its loans and deposits to grow 20
percent this year and more than 18 percent in 2013.
Its strategy would be to open more branches throughout
Turkey and focus on consumer banking and loans for small and
medium enterprises rather than corporate banking, Celik said.
He said loans to small and medium enterprises had grown 70
percent this year and the bank planned 25 new branches in 2013.
($1 = 1.7889 Turkish liras)
(Editing by Nick Tattersall)