Another definition of the cooperative system states: “The cooperatives are children born out of needs”. KoopBank is one of the best examples of this. Between 1963–1974, Turkish Cypriots' years of struggle, as the country's only organised establishment, it had extended its services beyond the banking sector into industry, trade and services as a corporate body serving the needs of the nation.

In 2001, under the new banking law, KoopBank withdrew from all sectors apart from finance. All of its units which operated in fields other than finance have gradually turned into cooperative companies and continued their function as 100% shareholders of the bank.

  • Şeker Sigorta Kıbrıs Ltd. (Şeker Insurance Cyprus Ltd.)

    Şeker Insurance, a leader in its sector, provides a range of products and services for its customers, including vehicle insurance, home insurance, workplace insurance and personal accident insurance. It has a very extensive network, with more than 120 agents countrywide.

    Following the modernisation of the insurance sector in the TRNC under the law 39/93 the managements of Şeker Sigorta A. Ş. and K. T. Koop. Central Bank Ltd. took joint action to establish Şeker Sigorta (Cyprus) Ltd as equal partners. The company officially became operational on the 1st January 1996.

    In 2012 the shares of Şeker Sigorta Cyprus Ltd held by the American group Liberty Mutual were acquired and KoopBank became the sole owner of Şeker Sigorta.

      Contact Information

    • Address: İhsan Savut Street No:7 P.K.664 Köşklüçiftlik, Nicosia / TRNC
    • E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
    • Telephone: +90 (392) 444 0404
    • Fax: +90 (392) 228 0132
  • Koop Süt
  • Binboğa Yem
  • Koop Ticari levazım (Koop Commercial Supplies)