BANCI | ENGLISH

EBRD acquires a stake in Turkey’s Fibabanka

Trimite stirea unui prieten
Nume *
E-mail *
E-mail prieten *
Mesaj
Cod validare * Turing Number
Tastati codul din imagine (doar cifre)
195.154.184.126

Autor: Bancherul.ro
2015-10-24 10:21

High potential lender gains trust of international financial institutions (EBRD press release):

The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) are acquiring minority stakes in Fibabanka, a fast-growing Turkish bank.

In its first equity acquisition in the Turkish banking sector, the EBRD is investing in newly issued shares representing up to 10 per cent of Fibabanka’s share capital and voting rights. It may also participate in potential future capital increases.

Fibabanka was established through the acquisition in 2010 of the Turkish arm of Millennium Banco Comercial Português by prominent local businessman Hüsnü Özyeğin, the owner of FIBA Holding.

The bank currently ranks 22nd by assets out of 47 lenders in the Turkish banking sector. It operates a network of 67 branches across the country and employs over 1,200 people.

Nick Tesseyman, EBRD Managing Director for Financial Institutions, said: “When in 2013 we provided finance to Fibabanka, we were impressed by its strong management, its agility in adapting to the rapidly changing environment and the commitment to its SME clients. Today we are proud to become a shareholder in Fibabanka and work alongside Fiba Holding to support the growth of this promising lender.”

Hüsnü Özyeğin, the founder and chairman of Fiba Holding, added: “Our strategic partnership with the IFC and the EBRD – and the added value these foreign partners are bringing – will help us achieve Fibabanka’s growth targets even more quickly.”

The EBRD started investing in Turkey in 2009. It currently operates from offices in Istanbul, Ankara and Gaziantep. In 2014 Turkey became the leading recipient country of the EBRD, with new investments worth €1.4 billion.

To date, the Bank has invested over €6 billion in Turkey through more than 160 projects in infrastructure, energy, agribusiness, industry and finance. It has also mobilised over €12 billion for these ventures from other sources of financing.

Comentarii



Adauga un comentariu
Nume *:

E-mail *:
(nu se afiseaza pe site)
Subiect:
*
Comentariu:

Turing Number

Tastati codul din imagine (doar cifre)  



Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH



Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%

Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income

Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter

Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits

On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

 



 

Ultimele Comentarii