Credit Europe Bank (Suisse) S.A.

Credit Europe Bank (Suisse) S.A. in Geneva was the Group's first venture into banking outside Turkey together with Banco di Lugano (BDL), a subsidiary of UBS AG. After the purchase of the 10.29% share of Banco di Lugano in 2001, Fiba Group took full ownership of Credit Europe Bank (Suisse) S.A. The Bank is well known as a reputable Swiss bank as a result of its strong balance sheet and consistent growth during its 18 years of operation. The outstanding performance of the Bank is a strong platform for its future achievements.

The Bank, reaching a trade finance volume of USD 1.3 billion in 2008, has successfully closed a one year term club loan facility for an amount of USD 90 million in June 2008. The deal was arranged by a group of reputable banks namely Bayerische Hypo and Vereinsbank AG, Bayern LB, Citibank, Commerzbank, HSH Nordbank AG, Standard PLC, Standard Chartered Bank, RZB, The Bank of Nova Scotia, UBS and Wachovia Bank. The facility will be utilised for pre-export financing needs of the Bank's corporate clients. Although there was a deep financial crises in financial markets, Credit Europe Bank (Suisse) continued its profitability and increase its operational income to 20.9 million CHF in 2008 from 15.9 million CHF in 2007.

Credit Europe Bank (Suisse) S.A. has a representative office in Istanbul, Turkey.