FIBA GROUP History

1987 - The Fiba Group makes its first venture into banking with Finansbank.

1988 - An insurance company is established as a joint venture with Commercial Union.

1989 - Fiba Holding is set up to manage the Group's growth and corporate objectives.

1990 - The Group's first investment outside Turkey commences operations under the name, Credit Europe Bank (Suisse).
Aware of its social responsibilities, the Group spearheads the establishment of Husnu M. Ozyegin Foundation. Finans Leasing the Group's venture in leasing, commences operations.

1991 - The Group participates by a 20% stake in the establishment of Banque du Bosphore in France. Commercial Union Life Insurance is founded.

1992 - The Group begins providing factoring services through Fiba Factoring.

1993 - The Group diversified its investments through Fiba Holding.

1994 - Credit Europe Bank (Holland) is set up to engage in banking in Holland.

1995 - Finans Investment Trust is set up

1996 - The Group makes its first venture into food retailing with the acquisition of Gima.

1997 - Four new ventures are launched in the Group's principal business activity of financial services: Finans Invest, Credit Europe Bank (Russia), Girişim Factoring, and Finans Deniz Leasing.

1998 - All international activities are brought together under the control of Credit Europe Group based in Holland. Fiba IFSC, a fund management company, is also set up.
Credit Europe International Leasing (Romania) commences operations.
The Group is involved in a joint venture to construct shopping centers in Romania and GimRom commences its operations.

1999 - In line with its strategy of pursuing growth in food retailing, the Group acquires the Endi chain.
The Group acquires the Marks & Spencer franchising rights in Turkey.
The Group acquires Fiba Bank.

2000 - Pursuing its growth strategy, the Group acquires a majority stake in Credit Europe Bank (Romania). Finans Securities (Romania), Fiba Real Estate, and Finans Portfolio Management commence operations.

2001 - The joint ventures with Commercial Union are wound up as the Group decides to continue in the insurance business on its own. Fiba Insurance is set up.

2002 - Finans Deniz Leasing is merged into Finans Leasing.

2003 - Fiba Bank is merged into Finansbank.
The Group sells its stake in Marks & Spencer Romania to its Greek partner.

2004 - Credit Europe Servicii Financiare is established to provide consumer loan services in Romania. Fiba Capital Holding is set up.

2005 - Özyeĝin University is set up to provide contemporary education to students.
Finansbank (Malta) is founded.
Credit Europe Ipotecar is established to provide mortgage financing in Romania Gima and Endi chains are sold to Carrefour SA.
The Group acquires AJT (Swissôtel the Bosphorus, Istanbul).
Majority stake acquired in Anchor Retail Investments, the owner of Anchor Grup SA, whose portfolio includes Bucharesti Mall and Plaza Romania.
Marks & Spencer's franchising rights in Russia acquired.
IBTECH, a technology services company, and Fiba Air, a private aircraft management company, set up. Credit Europe Leasing set up and takes over Credit Europe International Leasing Romania's portfolio. RCT NPL Management, a joint venture with Lehman Brothers, and Girişim NPL Management set up to engage in the business of non-performing loan management.
İntes İnşaat and Novatec Project Management join the group.
Anatolia Gayrimenkul, a subsidiary of Fiba Mall Management and owner of shopping centers in four different cities in Turkey, commences operations. Credit Europe Leasing Russia is set up.

2006- Agreement signed to sell a 46% stake in Finansbank to National Bank of Greece. The sale includes Finans Leasing, Finans Invest, Finans Investment Trust, Finansbank Malta, Finans Portfolio Management and IBTECH. Marks & Spencer Ukrainian franchising rights acquired.
Fiba Group's stake in Banque du Bosphore sold to the AXA Group.
Credit Europe Bank (Ukraine) is set up.
Anatolia Gayrimenkul is merged into Fiba Al?şveriş Merkezleri.
Enda Energy Holding's 9.9% share is acquired by Fiba Group.
Fiba Yüksel is founded by the partnership of Yüksel İnşaat and Fiba Real Estate to develop Çubuklu project in Istanbul.

2007 - Finans Securities (Romania) is sold.
Kumport Port Services joins Group through Fina-Turkon partnership.
Clothing retailer chain GAP and Banana Republic's franchising rights in Turkey are acquired.
Credit Europe Servicii Financiare is merged into Credit Europe Ipotecar.
Credit Europe Leasing (Ukraine) is set up.
Insurance companies, Credit Europe Asigurari in Romania and Credit Europe Life in Russia, are set up.
Credit Europe International Leasing is merged into Credit Europe Leasing in Romania.
Fors Shipping and Turkon Fina Shipping are founded to operate in ship building sector.
Emerging Markets Real Estate Investments is set up to develop residential and commercial real estate projects in China and Kazakhstan.
Applications are made to Energy Market Regulatory Authority in Turkey for production licences of wind energy projects.

2008 - Clothing retailer chain GAP and Banana Republic's franchising rights in Russia are acquired.Özyeğin University started its academic life with the Undergraduate Business Administration Program.Credit Europe Bank (Dubai) Ltd.
was established in the Dubai International Finance Center ("DIFC") on September 24, 2008.Fiba Group acquired Turkon's shares in Kumport Port Services and the Company's name changed from Fina Turkon Liman to Fina Liman.

2009 - Credit Plus Gulf was founded in Credit Europe Bank (Dubai) on July 7, 2009 with the main activity of managing asset portfolio consisting of non performing loans.
Özyeğin University has four undergraduate programs (Business Administration, Electrical and Electronics Engineering, Industrial Engineering, and Hotel Management) and one MBA program.