Turkey's BDDK Approves Sale of Rabobank Turkey to Kaspi.kz

The Banking Regulation and Supervision Agency (BDDK) has officially approved the sale of the Turkish banking unit of Dutch Rabobank Group. The buyer is Kazakhstan-based Kaspi.kz, JSC, controlled by fintech billionaire Vyacheslav Kim. This development is seen as a significant consolidation step in the Turkish banking sector. The sale process reached its final stage after the BDDK completed its regulatory review. Rabobank's Turkish operations have been active in corporate banking, particularly in agricultural and food financing, for many years. Kaspi.kz is known as one of Kazakhstan's largest digital finance platforms. Kaspi.kz, owned by Vyacheslav Kim, aims to strengthen its regional growth strategy by entering the Turkish market through this acquisition. While the financial details of the deal have not yet been disclosed to the public, industry sources indicate that the sale price is shaped according to Rabobank's asset size in Turkey. The BDDK approval signifies the completion of the regulatory process, and the final transfer procedures between the parties are expected to be completed in the coming weeks. This sale once again highlights foreign investors' interest in the Turkish banking sector. This is not investment advice.