Credit Europe Bank (CEB) is a Dutch-registered

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

owned by the Turkish financial holding company FIBA Group. The bank is focused on corporate lending as well as on

retail banking Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ...

and operates in the

eurozone The euro area, commonly called the eurozone (EZ), is a Monetary union, currency union of 20 Member state of the European Union, member states of the European Union (EU) that have adopted the euro (Euro sign, €) as their primary currency ...

countries of the Netherlands, Germany, Malta as well as in Romania, Switzerland and Ukraine. The bank's strategy is to offer easy-to-use retail banking and SME products, as well as private banking. It also offers trade finance and corporate banking services. Originally founded as Finansbank it was renamed to Credit Europe Bank in 2007 when that bank was sold to a Greek bank and the foreign units split into a new bank with headquarters in Amsterdam.

History

The banking group was first known as Finansbank (Holland) N.V. and was incorporated on 24 February 1994. The bank has had a full banking license in The Netherlands since 1994 and is supervised by the Dutch Central Bank,

De Nederlandsche Bank De Nederlandsche Bank (, , abbr. DNB) is the national central bank for the Netherlands within the Eurosystem. It was the Dutch central bank from 1814 to 1998, issuing the guilder. Since 2014, it has also been the country's national competent au ...

. In 2007 the bank was rebranded as Credit Europe Bank N.V., after Finansbank (the Turkish branch of Finansbank and the 5th biggest bank of Turkey) was sold to the

National Bank of Greece The National Bank of Greece (NBG; ) is a banking and financial services company with its headquarters in Athens, Greece. Founded in 1841 as the newly independent country's first financial institution, it has long been the largest Greek bank, a ...

. The brand 'Finansbank' was also included in the deal, leading to all branches (except the Turkish one) were renamed into Credit Europe Bank.

Operations

Corporate banking

Credit Europe Bank offers corporate banking services and products such as working capital and project finance loans,

syndicated loan A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers. The syndicated loan market is the dominant way for l ...

s and factoring services. In addition, CEB has valuable experience in structured trade and commodity finance.

Bank Relations

The Credit Europe Bank relations team focuses on risk analysis, global trade services ( clearing) and

forfaiting In trade finance, forfaiting is a service providing medium-term financial support for export/import of capital goods. The third party providing the support is termed the forfaiter. The forfaiter provides medium-term finance to, and will commo ...

. Bank Relations furthermore works closely with Corporate Banking and Treasury to facilitate their activities. Bank Relations maintains correspondent relationships with more than 300 banks worldwide. The aim is to stimulate trade finance opportunities, primarily in the bank's target markets. Knowledge exchange and cross-fertilization with subsidiaries contributed to overall performance.

Retail banking

The bank offers individuals and SME clients straight forward

products in four European countries: the Netherlands, Germany, Malta and Romania.

Corporate Governance

Although Credit Europe Bank NV is not listed in the Netherlands, it voluntarily adheres to the principles and best practices of the Dutch Corporate Governance Code, also known as the “Code Tabaksblat”. Additionally, as banking organization, Credit Europe Bank NV also underwrites the Basel Committee rules on Enhancing Corporate Governance for Banking Organisations (the “Basel Rules”). Credit Europe Bank NV applies a two tier board structure with a Supervisory Board and Managing Board. The Supervisory Board of Credit Europe Bank NV consists of 5 members*, as at 2022 these are; Willem Frederik (Wilfred) Nagel (chair), Ayşecan Özyeğin Oktay (vice-chair), and Seha Ismen Ozgur and Ali Fuat Erbil. *There is a vacancy that is currently being fulfilled. The members and respective functions of the managing board of Credit Europe Bank NV are; Şenol Aloğlu (CEO), Umut Bayoğlu and Batuhan Yalnız

References

* http://www.bankeneffectenbedrijf.nl/B-E/Archief/2009/Mei-2009/Interview-TC-Beriker.aspx * http://www.di-ve.com/Default.aspx?ID=49&Action=1&NewsId=71465 * http://www.timesofmalta.com/business/view/20100304/news/credit-europe-bank-launches-new-corporate-website * https://web.archive.org/web/20110722222230/http://www.maltabusinessweekly.com.mt//news.asp?newsitemid=8402 * https://web.archive.org/web/20120301153020/http://www.independent.com.mt/news.asp?newsitemid=101913

External links

https://www.crediteuropebank.com/about-us/corporate-governance/two-tier-structure/
Credit Europe Bank NV Annual Report 2018

Credit Europe Bank (in English)
{{Istanbul Stock Exchange companies Banks established in 1994 Banks based in Amsterdam Turkish companies established in 1994 Companies in the BIST 100