"Turkish Cooperative Central Bank of Cyprus"

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Cyprus Turkish Cooperative Central Bank, in short, KoopBank, cooperative bank operating in the Turkish Republic of Northern Cyprus.

After winning the independence of the Republic of Cyprus, the Cooperatives Office and the Central Cooperative Bank was divided into two, which serves Turkish and Greek cooperatives in accordance with the Constitutional and Organization Agreement. The Turkish Cooperative Central Bank of Cyprus was established in September 9, 1959 in partnership with 196 Turkish cooperatives.

Due to being the only organized organization of Cyprus Turks in conflict periods of conflict between 1963-1974, it expanded its activities outside the banking sector to meet the needs of society, under the sole legal entity, it started to operate in the industry, trade and services sectors.

The bank, which is the largest financial organization of the active-sized KKTC, has 23% of the balance sheet size and deposit volume of the country’s banking industry.

It is a member of every cooperative bank operating in TRNC.

Affiliates
Koopbank was withdrawn from the sectors outside the financial sector under the new Banking Law in 2001, and the units operating in these areas have transformed into a cooperative company and has made Bank operates as a 100% subsidiary.
Sugar Fuse Cyprus Ltd.
Milk Liquid Oil Products Production and Marketing Cooperative Ltd. (Koop Milk)
Mixed Animal Feed, Harup Products and LP Gas Production and Marketing Cooperative Ltd. (Binbow Feed)
Zirai Levazım, Machinery and Food Marketing Cooperative Ltd. (Koop Commercial Levase)

Sponsorships
Koopbank has undertaken the official sponsorship of the Cyprus Cup by signing a sponsorship of 200 thousand Turkish liras, covering 2016 and 2017.

External links

Source

Banks in Northern Cyprus
Companies established in 1959