Finansbank Suisse S.A. in Geneva was Finansbank A.Ş.'s first venture into banking outside Turkey together with Banco di Lugano (BDL), a subsidiary of UBS AG. After the purchase of 10.29% share from Banco di Lugano in 2001, Fiba Group took the full ownership of Finansbank Suisse S.A. The Bank is known as a reputable Swiss bank as a result of its strong balance sheet and constant growth trend during its 15 years of operations. The outstanding performance of the Bank is a strong basis for its achievements in the future.
Bank's trade finance and private banking volumes reached USD 833 million and USD 733 million, with an increase of more than 65% and 50%, respectively.
In order to stimulate the growth of the Bank's business as well as to cement its relationships with its correspondent banks, a syndicated term facility amounting to USD 30 million has been acquired from the international markets in the first quarter of 2004.
Finansbank Suisse S.A. has a representative office in Istanbul.