EBRD and Borsa İstanbul join forces with a Memorandum of Understanding

Monday, 10 June 2013

To this end European Bank for Reconstruction and Development First Vice President Phillip Bennett and Borsa Istanbul’s Chairman and CEO Ibrahim Turhan signed an MoU on May 10, which sets out a framework of cooperation.This includes potential joint investments in stock exchanges and related capital markets infrastructure along with technical assistance in countries where the EBRD invests.The cooperation will particularly focus on the Western Balkans, Central Asia and southern and eastern Mediterranean.The joint efforts are expected to strengthen the development of local and regional capital markets which will also boost the role of Borsa Istanbul beyond Turkey and underpin the city’s role as a financial centre and a regional business and investment hub for the wider region.