Equity stake in Borsa İstanbul finances expansion plans
The EBRD signalled its support for the development of Turkey’s capital markets and its confidence in the wider Turkish economy by purchasing a 10 per cent stake in Borsa İstanbul, the sole exchange entity in the country.
The Turkish government has a comprehensive capital market reform programme that aims to make Istanbul a major financial centre for Central Asia, North Africa and south-eastern Europe. The EBRD investment will support this endeavour by financing plans to improve the efficiency and liquidity of Borsa İstanbul and help it become a leading exchange in terms of the number of listed companies and market capitalisation.
The Bank is committed to strengthening bond, equity and securities markets as part of its strategic initiative for Local Currency and Capital Markets Development.
billion EBRD investment in Turkey during 2015
The EBRD started investing in Turkey in