Fibabanka Equity Investment



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

27 May 2015



PSD disclosed:

27 Oct 2015

Translated version of this PSD: Turkish

Project Description

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.

Project Objectives

The operation supports the growth of a small but high potential bank in Turkey.

Transition Impact

Sources of Transition Impact:
Market expansion

Client Information


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.

Technical Cooperation


Company Contact Information

Ahu Heper Dolu
+90 212 381 8270
+90 212 381 8595
Genel Müdürlük / Head Office Esentepe Mah. Büyükdere Caddesi No:129 Sisli 34394 Istanbul -

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

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Text of the PIP

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