| Finansbank | |
|---|---|
 |
|
| Type | Bank |
| Founded | 1987 |
| Headquarters | Istanbul, Turkey |
| Employees | 6,100 |
| Parent | National Bank of Greece |
| Website | http://www.finansbank.com.tr |
Finansbank (renamed to Credit Europe Bank in almost all countries except Turkey) is a Turkish private bank, founded on September 23, 1987 in İstanbul by Hüsnü Özyeğin, one of Turkey's leading bankers. A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money Year 1987 ( MCMLXXXVII) was a Common year starting on Thursday (link displays 1987 Gregorian calendar) Istanbul (historically Byzantium and later Constantinople; see the other Names of Istanbul) is the largest city of Turkey Employment is a Contract between two parties, one being the employer and the other being the employee. A holding company is a company that owns part all or a majority of other companies' outstanding Stock. The National Bank of Greece ( NBG; Greek: Εθνική Τράπεζα της Ελλάδος) () is the oldest and largest commercial Bank A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Turkey (Türkiye known officially as the Republic of Turkey ( is a Eurasian Country that stretches Events 1122 - Concordat of Worms. 1459 - Battle of Blore Heath, the first major battle of the English Year 1987 ( MCMLXXXVII) was a Common year starting on Thursday (link displays 1987 Gregorian calendar) Istanbul (historically Byzantium and later Constantinople; see the other Names of Istanbul) is the largest city of Turkey Hüsnü Özyeğin (born 1944) is a Turkish businessman in the Finance sector and self-made billionaire It is the 5th biggest bank of Turkey. As of September 2006 the size of the banking industry is 882% of total financial sector in Turkey 46% of its shares were acquired by the National Bank of Greece in April 2006. The National Bank of Greece ( NBG; Greek: Εθνική Τράπεζα της Ελλάδος) () is the oldest and largest commercial Bank Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar.
On January 9, 2007, the National Bank of Greece acquired an additional 34. The National Bank of Greece ( NBG; Greek: Εθνική Τράπεζα της Ελλάδος) () is the oldest and largest commercial Bank 4% of Finansbank shares from minority shareholders. NBG now owns 84. 6% of Finansbank. As of March 31, 2007 , Finansbank’s total customer deposits were approximately US 6. 8 billion.
Finansbank started its operation on October 26, 1987 with only one branch in İstanbul. Events 740 - An Earthquake strikes Constantinople, causing much damage and death Year 1987 ( MCMLXXXVII) was a Common year starting on Thursday (link displays 1987 Gregorian calendar) Within the first year of its existence, it expanded to a total of four branches: two in İstanbul, one in Ankara and another one in İzmir. Ankara is the capital of Turkey and the country's second largest city after İstanbul. İzmir, historically Smyrna, is the third most populous city of Turkey and the country's largest port after İstanbul. Today, it counts 342 branches throughout Turkey and in countries such as Switzerland, the Netherlands, France, Germany, Belgium, Russia, Romania, Ireland and Bahrain. Switzerland (English pronunciation; Schweiz Swiss German: Schwyz or Schwiiz Suisse Svizzera Svizra officially the Swiss Confederation The Netherlands ( Dutch:, ˈnedərlɑnt is the European part of the Kingdom of the Netherlands, which consists of the Netherlands the Netherlands This article is about the country For a topic outline on this subject see List of basic France topics. Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe. The Kingdom of Belgium is a Country in northwest Europe. It is a founding member of the European Union and hosts its headquarters as well as those Russia (Россия Rossiya) or the Russian Federation ( Rossiyskaya Federatsiya) is a transcontinental Country extending Romania ( dated: Rumania, Roumania Ireland (pronounced /ˈaɾlənd/ Éire) is the third largest island in Europe, and the twentieth-largest island in the world The Kingdom of Bahrain (in مملكة البحرين,, literally Kingdom of the Two Seas) is an Island country in the Persian Gulf This multinational structure makes it the Turkish bank with the highest investment abroad and widest branch network.
Finansbank went public on February 3, 1990 being listed on the Istanbul Stock Exchange. Events 1112 - Ramon Berenguer III of Barcelona and Douce I of Provence marry uniting the fortunes of those two states Year 1990 ( MCMXC) was a Common year starting on Monday (link displays the 1990 Gregorian calendar) The Istanbul Stock Exchange ( ISE) ( Turkish: İstanbul Menkul Kıymetler Borsası, İMKB is the only corporation in Turkey for Securities Since June 3, 1998, the bank’s Global Depositary Receipts are listed on the London Stock Exchange. Events 350 - Roman usurper Nepotianus, of the Constantinian dynasty, proclaims himself Roman Emperor, entering Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) A Global Depository Receipt or Global Depositary Receipt (GDR is a certificate issued by a Depository bank, which purchases Shares of foreign companies The London Stock Exchange or LSE is a Stock exchange located in London, England. As of August 2005, a total of 41% Finansbank's shares are publicly held. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar.
Finansbank extended its strategy with a new range of instruments by founding two sister companies of Finans Leasing in 1990 and Fiba Factoring in 1991. Year 1990 ( MCMXC) was a Common year starting on Monday (link displays the 1990 Gregorian calendar) Year 1991 ( MCMXCI) was a Common year starting on Tuesday (link will display full calendar of the Gregorian Calendar. It entered international markets by acquiring 90% of the shares of a private bank in Switzerland from UBS AG. UBS AG ( SWX: UBSN) is a diversified global financial services company with its main headquarters in Basel & Zürich, Switzerland This bank was renamed then Finansbank Suisse S. A. Further expansion continued with the acquisition of a 20% stake in Banque du Bosphore in Paris, France in 1991, and the establishment of Finansbank Holland N. Paris (ˈpærɨs in English; in French) is the Capital of France and the country's largest city Year 1991 ( MCMXCI) was a Common year starting on Tuesday (link will display full calendar of the Gregorian Calendar. V. in Amsterdam in 1994. Amsterdam (pronounced) is the capital and largest city of the Netherlands, located in the province of North Holland in the west Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) The Dutch bank has also branches in Germany and Belgium.
In 1995, Finansbank entered the retail-banking market and until 2000, it extended its four branches to a network of more than 100 branches, including one in Bahrain. Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. The bank experienced increased retail activities when the Fiba Group acquired the supermarket chain Gima in 1996, and purchased the Turkish franchise rights for Marks & Spencer in 1999. G'market is a supermarket in Romania that was previously named Gima. Year 1996 ( MCMXCVI) was a Leap year starting on Monday (link will display full 1996 Gregorian calendar) Marks & Spencer Group plc (also M&S, Marks and Sparks, and Marks) is a British Retailer with 843 stores in more than 30 Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar)
Finansbank moved out its investment banking operations to a newly established FinansInvest in 1997. Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar The same year, the Russian subsidiary Finansbank (Moscow) Ltd was founded. In 1998, Finans Leasing Romania was established. Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) In 1999, a 99. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) 94% share of Türk Sakura Bank was acquired from the Japanese Sakura Bank Ltd, and it was renamed Fiba Bank (Fibank), which was merged 2003 into Finansbank. For a topic outline on this subject see List of basic Japan topics. was a Japanese bank based in Tokyo and Kobe It merged with Sumitomo Bank on April 1 2001 forming the Sumitomo Mitsui Banking Corporation. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. In 2000, a Romanian bank was purchased and renamed Finansbank (Romania) S. 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. A. Finans Portfolio Management as well as Finans Real Estate Investment Trust began operations the same year. In 2001, Finansbank sold its shares in Commercial Union Insurance and Commercial Union Life to CGU International Insurance Plc and founded Finans Insurance. Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar.
Finansbank's telephone banking service, added to the range of services in 2000, was selected as the best call center in Europe at the European Call Center Awards in 2003. The same year, the operation center project to provide better cost management and improve the quality of the operational services, and in 2002, the corebanking project to update the existing IT system were completed. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Information technology ( IT) as defined by the Information Technology Association of America (ITAA is "the study design development implementation support With these projects, Finansbank established itself as a leader in technology and service quality in the Turkish banking sector. In 2003, Finansbank ranked on the first place worldwide in the International Visa Challenge Program and became number one in the European Call Center Awards competition. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar.
As of 2005, the number of the holders of the Finansbank’s credit card "CardFinans" exceeded 2. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. 2 million. By April that year, Fiba Group sold the Gima supermarket chain to Sabancı Holding. Hacı Ömer Sabancı Holding AŞ, abbreviated as Sabancı Holding, is the second largest industrial and financial conglomerate in Turkey after Koç Holding Fiba Group made Koç Holding very angry with this sale, because Koç was determined to buy Gima to gain its market share back from Sabancı-Carrefour partnership. Koç Holding AŞ is the top industrial conglomerate in Turkey. Carrefour SA ( (karˈfur is a French international Hypermarket chain with a global network of outlets After three months dating with Koç, Hüsnü Özyeğin decided to sell Gima to Sabancı in a few days. Koç, started a newspaper ad campaign with its partner Migros as "honest seller" after being faked. Fiba group acquired the five-star hotel Swissotel in İstanbul from its Japanese owners with the money from Gima sale. Swissôtel Hotels and Resorts is a group of hotels pitched at the higher end of the hotel market based in Zürich, Switzerland.
As of 2005, Finansbank has more than 6,100 employees.
With the acquisition of the 46% shares, worth of 2,774 mil. USD, by the National Bank of Greece, the biggest commercial contract was signed in the history between Turkey and Greece. The National Bank of Greece ( NBG; Greek: Εθνική Τράπεζα της Ελλάδος) () is the oldest and largest commercial Bank This contract made Finansbank the biggest Greece investment of Greek capital out of Greece homeland. Many people thought it would cause Finansbank trust problems with Turkish customers, yet Hüsnü Özyeğin announced that only 26 credit card customer draw their money.
On January 9, 2007 the National Bank of Greece announced that it had increased its stake in Finansbank to 80. The National Bank of Greece ( NBG; Greek: Εθνική Τράπεζα της Ελλάδος) () is the oldest and largest commercial Bank 4 percent. NBG, in a statement issued to the Athens Stock Exchange, said it had acquired the additional 34. The Athens Stock Exchange or ASE ( Greek: Χρηματιστήριο Αξιών Αθηνών or ΧΑΑ) is a Stock exchange 4 percent in Finansbank from minority shareholders which adds to its already existing 46% stake. Hüsnü Özyeğin reported in the initial press conference when NBG announced its 46% share purchase that he would have "loved to have been offered National Bank of Greece shares instead of cash, however there were no shares available" (outside of the current shares floated in the free market). The National Bank of Greece ( NBG; Greek: Εθνική Τράπεζα της Ελλάδος) () is the oldest and largest commercial Bank
References
- Finansbank website
- Finansbank Holland website (in English and Dutch)
- Finansbank Romania website (in English and Romanian)
- Finansbank Russia website ~ 24 standard branches, 18 "Express" branches, 38 ATM locations (in English and Russian)
- National Bank of Greece website (in English and Greek)
- National Bank of Greece Investor Relations (audio events)