Demir-Halk Bank (Nederland) N.V. was incorporated. Shareholders: Demirbank T.AS. 70% and Turkiye Halk Bankasi A.S. 30%

Commenced operations in April 1993

Amsterdam and The Hague branches opened

First syndication was secured $45M. Istanbul rep. office was opened

3 syndications secured DEM 50M, $30M, $40M. Rated by Thomson BankWatch

Internet site launched. Düsseldorf and Hamburg branches opened

Brussels branch opened. Consumer banking activities started and established call center

Opened Cologne branch. Mortgage and Insurance subsidiary established. Capital increased to 113M. 70 % shares transferred to BRSA

Munich, Stuttgart, Antwerp and Berlin branches opened. DHB Netbanking and consumer lending is launched

Disbank N.V. was acquired. 70% shares of Demir-Halk Bank (Nederland) N.V. bought equally by Mr. Halit Cingillioglu (and transferred to HCBG Holding B.V. in 2003, solely owned by Mr. Cingillioglu) and Mr. Aydin Dogan

Implementation of self developed banking software Matrix. Debit cards & ATM.

Activity in new markets (CIS). Initiation of structure trade finance activities. Introduction of credit card insurance

Upgraded by Fitch to BB. Website being awarded 5th place in Dutch banking sector. Chosen to be the best bank in deposits by EUROfinanzen in Germany. HCBG Holding B.V. controls 70%

Launching of Turkey Home Credit (mortgages to European residents for real estate purchase in Turkey). Chosen the best bank in deposits by EUROfinanzen for the second time. Largest ($ 200 mio) and best priced syndication of Demir-Halk Bank (Nederland) N.V. 

Fitch rating dropped. New rating from Moody's: Ba1 (equivalent of BB+)

Acquisition of 66.56% stake in Export & Credit Bank Inc., Skopje. The outbreak of the global financial crisis.

Reorganizational initiatives that resulted in the closure of sub-branches in Germany. Ba2 rating from Moody’s.

Reorganizational initiatives that resulted in the closure of sub-branches in Belgium. Centralization in Brussels of retail lending opreations.

Sale of 66.56% stake in Export & Credit Bank Inc., Skopje to Turkiye Halk Bankasi A.S.

20th year of DHB Bank’s establishment

Reorganizational intitiatives - prompted by DHB Bank terminating all cash transactions as well as remmitance services - that resulted in the closures of branches in The Netherlands that were active solely in these areas.

Deposit rating upgraded to Ba1 and counterparty risk assessment assigned as Baa2 by Moody's.

The Head Office moved to the First Building at Weena 780 in Rotterdam.

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