Translated version of this PSD: Turkish
The EBRD has acquired a minority stake in Fibabanka. The Bank has invested in newly issued shares representing 9.95 per cent of Fibabanka's share capital and voting rights. It may also participate in potential future capital increases. This is a co-investment with the IFC.
The operation supports the growth of a small but high potential bank in Turkey.
Sources of Transition Impact:
Fibabanka is a local bank in Turkey ranking 22 out of 47 by assets at of June 2015, with 1,285 employees, 68 branches and a fully owned asset management subsidiary (Fiba Portfoy Yonetimi).
Fiba Group acquired former Millennium Bank from Banco Commercial Portuguese in December 2010, turned it around and rebranded it as Fibabanka.
Environmental and Social Summary
Categorised FI. Fibabanka will be required to comply with EBRD Performance Requirements 2, 4 and 9, implement ES Risk Management Procedures across its entire portfolio and submit Annual Environmental and Social Reports to the Bank.
Company Contact Information
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP