Subsidaries

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

  Liquid Milk and Oil Products Production and Marketing Cooperative Ltd

  Koop Süt produces and markets all products which have milk as their main ingredient as well as ice cream, fruit juices, sunflower oil, corn oil and olive oil.

  Its production is based at two factories, located in Nicosia Ortaköy and Kyrenia Karakum. Our country's best-known brand, Koop Süt's products are popular on both domestic and foreign markets.

  In 2006, Koop Süt was awarded the ISO 2001 Quality Management System and HAACP Food Safety certificates. In its efforts to repay the trust consumers have placed in it, Koop Süt continues its determined pursuit of innovation in both its production resources and product range.

  For information on Koop Süt, please visit www.koopsut.com

  Contact Information

  • Address : Koop-Süt, Ortaköy, Nicosia, TRNC.
  • Tel : 0 392 227 1748
  • Fax : 0 392 228 4216
  • Website : www.koopsut.com
  • E-mail : This email address is being protected from spambots. You need JavaScript enabled to view it.

• Binboğa Yem

  Mixed Fodder, Carob Products, LP Gas production and Marketing Cooperative Ltd.

  The cooperative operates in the fields of mixed fodder production, carob crop processing and LP gas re-fill and transportation.

  The cooperative was established in 1973 at the Gönyeli site in order to provide for the fodder needs of our animal husbandry sector, with annual production capacity of 20,000 tons. Today it serves the husbandry industry with annual production capacity of 40,000 tons.

  The fodder unit manufactures and supplies calf-fattening feed, cattle feed and chicken feed to farmers in the industry. The largest commercial fodder manufacturer, the cooperative now operates another feed production unit at Boğaz, Famagusta in order to provide farmers in that region with better and quicker service.

  Raw materials used in manufacturing by our Unit:

  • Barley
  • Corn
  • Cotton Pulp
  • Soya Bean Pulp
  • Sunflower Pulp
  • Vitamins and Minerals
  • Broiler concentrate
  • Salt, Calcium, bran, trefoil etc.

  At our gas re-fill facilities besides, 2.5, 10, 15, 35, 45 kg. Commercial tube filling and marketing, there are also regular 500 lt., 1000 lt., 1500 lt., 3000 lt. re-fills using tanks under the name Binboğa.

  Our carob factory also operates under the name of Binboğa. It collects the produce, grinds it, extracts the stones and exports the final carob products.

  Its’ personnel reaching 100, the cooperative remains one of the leading service providers through its fodder manufacturing unit, carob factory and LP gas re-fill facilities.

  Binboğa-Yem (Binboga Feed for Animals) is comprised of and operates from three separate facilities: the mixed fodder factory in Gönyeli-Nicosia; carob production facilities at Boğaz-İskele and LP gas production and re-fill facilities in Gönyeli.

  Contact Information

  • Address : Binboğa-Yem, Gönyeli, Nicosia.
  • Tel : +90 392 223 1314
  • Fax : +90 392 223 2766

• Koop Ticari levazım (Koop Commercial Supplies)

  Agricultural Materials, Machinery and Food Marketing Cooperative Ltd

  The cooperative operates in the fields of importing, manufacturing and marketing the following items: chemical fertilisers, agricultural pesticides, plant seed, tractors, all kinds of agricultural and non-agricultural tools and appliances, transportation vehicles and spare parts, nutrition and hygiene materials.

  The cooperative commenced functioning in 1972 as Commercial Supplies Unit linked to Kooperatif Central Bank Ltd, in order to supply the agricultural inputs to Turkish farmers and villagers so they would not have to rely on Greek merchants. Since the 1st of April 1978, it has pursued its activities at three separate units (agricultural machinery, agricultural materials, feed for animals materials units), in order to meet needs for feed and vehicles.

  Since its establishment, working intensively, the units have met the community’s need for agricultural tools and appliances as far as they have been able and in accordance with cooperative principles.

  In 2005, as a result of changes to banking legislation by the TRNC government, the businesses operating under our bank have become separate companies, incorporated as shareholdings of the bank. In this way, the Agricultural Materials, Machinery and Food Nutrients Marketing Cooperative Ltd have come into existence.

  Functions;

  The cooperative commenced its activities in 2006. Striving to meet the needs of our farmers by sourcing materials worldwide, the cooperative holds the North Cyprus franchise of many companies, including: from Turkey: Hektaş (agricultural pesticide), Türk Traktör (New Holland), Pancar Motor, Yağmur Tarım (manual tractor and hoe); from Germany: Agco (Fendt), Plantaflor (Favorit) (Torf); from Italy: Agrimendo (pesticide machinery), Gallignani (bundling machinery Gaspardo (grass cutting), BCS, Lombardini; from Spain: Goizper; from İsrael: Haifa Chemicals (fertilisers for leaves), Zeraim (vegetable grains); from Holland: Simonis (pesticide); and from the USA: Seminis (Royal Sluis) (vegetable grains) The cooperative also purchases (and subsequently markets) food nutrients, chemical fertilisers and agricultural machinery from many companies through tenders. Our firm stocks all spare parts for the vehicles it sells and services equipment itself.

  Contact Information

  • Address : Koop Ticaret Levazım - Ortaköy, Nicosia, TRNC.
  • Tel : 0 392 228 3123
  • Fax : 0 392 228 2764
  • E-mail : This email address is being protected from spambots. You need JavaScript enabled to view it.