History of Finansbank
Finansbank's 29 Years of Success...
Finansbank was founded on October 26, 1987 under Hüsnü Özyeğin's leadership with a pais-in capital of USD 4 million. With its founder and the leading team it was differentiated form other bank established at the time in terms of both its main philosophy and its view of banking, and has become a success story brought to life by professional bankers and where smart banking is performed.
Finansbank is the first private bank that went public. With its shares beginning to be traded on February 3, 1990, it has become a model in the sector.
Right after opening four domestic branches Finansbank took over Privatbank Geneve S.A. (PBG) operating in Switzerland and changed its name to FB Suisse S.A. In 1991 it participated with Emlak Bankası, Vakıfbank and Banque Worms in the establishment of Banque du Bosphore in France. Finansbank Holland started operations in 1994, Finansbank Russia in 1997, and Finansbank Romania opened in 2000.
Developments during and following the 1994 economic crisis constitute major events in the history of Finansbank that has closely monitored market developments since its inception. As a result of its meticulous scrutiny, Finansbank updated its business plans, resolved to enter retail banking and started to put into practice its breakthrough decision.
Galaxy Card, offered in 1999 as the first installment credit card, carried out in 2001 the "skip an installment" and "miles through points" campaigns, thus contributing a vital know-how to the sector. Its name later changed to CardFinans, and it became, in a short period of four years, he brand with the most visa card holders.
Finansbank ranked fifth among private banks in terms of asset size in 2004, due to its superb understanding of service and its innovative and proactive approach. This accomplishment was achieved n a very short time by banking sector standards.
In the same year Finansbank secured a subordinated loan of USD 200M, which is an indication of trust in Finansbank by foreign markets.
In 2005 Finansbank signed a 7-year, uninsured securitization loan of in the amount of USD 500M, the highest of its kind in Turkey, thus increasing its prestige in the international arena.
As the biggest Turkish bank abroad in terms of investments and branch network, Finansbank was acquired by National Bank of Greece (NBG), the biggest bank in Greece, in August 2006. As a result of this merger NBG's leadership position in Southeastern Europe was combined with Finansbank's high potential for growth in Turkey.
Finansbank speeded up the network process in 2006 and 2007, significant of the importance of Retail Banking, and as a result of 203 new branches opened in this period of two years, was recognized as the fastest growing bank in terms of branch network. In 2009, Finansbank offered CardFinans Nakit, "the first debit card worldwide that offers installments". In the next year Finansbank was awarded the prestigious Cards and Payments Europe, in the category "Best Debit Card Launch", the only Turkish bank thus awarded.
Moving forward with innovations in Retail Banking, Finansbank introduced in October 2012 "Enpara.com"; an Internet-based deposit-product. This product enables customers to increase their earnings while allowing the de posit base of the bank to outgrow the sector.
In 2015 Finansbank established Small Hands Big Dreams ("Minik Eller Büyük Hayaller "), a social contribution and development platform with the aim of transferring to children, creative leaders of tomorrow, its characteristics of innovation, creativity, analytical thinking and trustworthiness
Combining "dealing with people not numbers" approach with the support of voluntary Finans-ers ("Finansçı") all over the country, Finansbank undersigned many projects within the platform.
Finansbank is acquired by Qatar National Bank S.A.Q (QNB Group), the biggest bank in Qatar and a leading financial institution in the Middle East and Africa region. The Group's presence extends to more than 30 countries across 3 continents through its subsidiaries and associate companies, providing a comprehensive range of advanced products and services. The total number of employees is more than 27,300 operating through more than 12 thousand locations. Bloomberg Markets, the leading provider of Business, Financial and Economic news ranked QNB as "One of the World's Strongest Banks" since 2013. The Global Finance Magazine ranked QNB as "One of The Top 50 Safest Banks in the World" in 2013. For two consecutive years, 2014 and 2015, the Bank was recognized as "The Best Bank in The Middle East" by Euromoney Magazine.
Finansbank Financial Services Group includes Finans Leasing, Finans Invest, Finans Portfolio Management, Finans Factoring, Cigna Finans Retirement and Life inc., the technology firm IBTech, eFinans, and Hemenal Finansman inc. With approximately 14,500 employees sharing creativity, leadership, respect and loyalty, all values of "US", Finansbank continues to offer creative, swift and simple solutions to the financial needs of its customers.
Finansbank in Numbers
Finansbank's profit was 162 million TL in the first quarter of 2016.
Finansbank's total loans rose to 58 billion 447 million TL, total assets to 87 billion 354 million TL and customer deposit portfolio to 48 billion 920 million TL.
Finansbank's total equities are 9 billion 166 million TL.
As of March 31, 2016, the Bank operates with 642 branches and 12,903 employees.