Founded in 2002, Yasam Bankasi transformed into a joint stock company in 2010, and established their own laboratories located at Cankaya Ankara.
Famicord Group, one of the biggest networks of European family cord blood banks, announced that they took over Yasam Bankasi, the oldest bank of its kind in Turkey, in Feb. 2014. Turkey is one of the 20 largest and fastest-growing economies in the world. Turkish society is very young - the average age is 29.7 years, there was also a high birth rate (2.08 in 2010). More than three-quarters of Turkish citizens are living in rapidly developing cities, five of which (Istanbul, Ankara, Izmir, Bursa, Adana) has more than two million inhabitants. Turkey is currently in the dynamic phase of growth.