The Euro Textile Bank (ETB), was established on 15 September 1992 as an offshore bank in the Turkish Republic of Northern Cyprus. It is 99.99 percent owned by Tekstilbank and has a paid up capital of US$ 5 million.


ETB offers a full range of international banking services, acting as an intermediary in export and import transactions, drawing up letters of guarantee and accepting letters of credit at an international level. The Bank accepts all kinds of deposits and uses the funds generated to provide loans to support investments and trade activities, ETB is also active on global markets, buying and selling securities, such as treasury bills and bonds.

Since its establishment ETB has built up a solid reputation amongst its clients as a valued and trusted advisor. The Bank continues to strengthen its infrastructure reviewing and refining its clients its policies to match both the needs of its clients and the latest developments in global finance.