EBRD acquires 10 per cent stake in Borsa İstanbul

Borsa İstanbul, majority-owned by the Turkish government, is the sole exchange entity in the country, created in 2013 by combining the Istanbul Stock Exchange, the Istanbul Gold Exchange and the Turkish Derivatives Exchange.

EBRD First Vice President Phil Bennett signed the share purchase agreement alongside Borsa İstanbul’s CEO Tuncay Dinç at the bourse’s headquarters in Istanbul, the country’s financial capital.

The long-term investment demonstrates the EBRD’s confidence in the potential of Borsa İstanbul and the Turkish economy as a whole. It also underscores the Bank’s support for the country’s comprehensive capital market reform programme and the plan to develop Istanbul into a financial centre for the region spanning Central Asia, south-eastern Europe and North Africa.