Turkey: BİM plans to establish a participation bank
- DRC Discount Retail Consulting GmbH
- 15 hours ago
- 1 min read
Discount Retail Chain BİM Birleşik Mağazalar A.Ş. (listed BIST: BIMAS) has decided to apply for permission to the Banking Regulation and Supervision Agency for the establishment of a traditional participation bank.
According to the statement made by BİM to the Public Disclosure Platform (KAP), a strategic roadmap has been determined for the financial subsidiary planned to be established.
As a result of the feasibility studies initiated on the digital participation bank in October 2024; Considering the service diversity and operational advantages, the "traditional participation bank" model was decided.
In the statement made by the BIM's management, it was emphasized that the traditional participation bank license offers a much richer range of services compared to the digital bank license. While it was stated that the activities will be mainly built through digital channels, it was evaluated that this model is more advantageous in order to offer more comprehensive and innovative solutions to the financial needs of customers.
In line with the decision taken by the Company's Board of Directors on December 23, 2025, the official process was initiated within the framework of the Banking Law No. 5411 and related legislation. It has been decided to apply for an establishment permit to the Banking Regulation and Supervision Agency (BRSA) as of December 24, 2025, for the new participation bank, in which the company will have a majority share.
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