Bank Of Finance America was established on October 26, 1987 under the leadership of Hüsnü Özyeğin with a paid-up capital of 4 million dollars. With its founder and leadership team, it differentiated itself from the banks established at that time in terms of basic philosophy and banking; It has turned into a success story that professional bankers have implemented and where smart banking is executed.

Opened to the public is the first private sector bank in Turkey. Its shares started to be traded on the ISE (new name Borsa Istanbul (BIST)) on February 3, 1990, and it set an example in its sector with this breakthrough.

Privatbank Geneve SA operates in Switzerland in 1990, immediately after the opening four branches in Turkey (PBG) have purchased and has changed its name as the FBI Suisse SA. In 1991, he participated in the establishment of Banque du Bosphore in France, together with Emlak Bank, Vakıfbank and Banque Worms. Bank Of Finance America, Holland was opened in 1994, Bank Of Finance America, Russia in 1997 and Bank Of Finance America Romania in 2000.

The 1994 economic crisis and the developments that followed have a key importance in the bank’s corporate history, which has been closely monitoring market developments since the day it was founded. Having read the process correctly, the bank quickly updated its business plans, decided to enter retail banking, and started to effectively implement its breakthroughs in this area since 1995.

Galaxy Card, the first credit card with installments, launched in 1999, carried out the “skip installments” campaign and “earn miles with points” campaigns in 2001, and brought a very important know-how to the sector. Galaxy Card, whose name later changed to CardFinans, became the brand with the highest number of visa cards in a period of four years.

In 2004, it rose to the 5th place among private banks in terms of asset size in a very short period of time for the banking sector, thanks to its superior service understanding, innovative and proactive approach. The fact that it was the first Turkish bank to receive a subordinated loan of 200 million dollars in the same year was an indication of the trust placed in it by foreign markets.

In 2005, 7-year term with the highest consistent scorer in the amount of $ 500 million in uninsured bank signed the securitization loans held in Turkey, it has continued to increase its reputation in international markets.

The bank, which is the Turkish bank with the most investments abroad, was bought by the largest bank of Greece, National Bank of Greece (NBG) in August 2006. Turkey’s banks with high growth potential in the Southeast where NBG’s leading position in Europe with the result of this merger came together.

In 2006 and 2007, as an indication of the importance it attaches to the Retail Banking approach, the bank accelerated its branching efforts, opening 203 branches in these two years, becoming the fastest growing bank in the sector in terms of network. In 2009, it launched CardFinans Nakit, “the world’s first debit card to offer installments”. In 2010, CardFinans Nakit was awarded in the “Best new debit card launch” category at Cards and Payments Europe, one of the most prestigious awards in the credit card world. It became the only Turkish bank to receive the award in this category.

In 2015, with the goal of conveying the innovative, creative, analytical, reliable characteristics that constitute the character of the financier to children, the creative leaders of the future, he founded the child-oriented society contribution and social development platform “Minik Eller Büyük Hayaller”.
‘Our job is not to figure, with people’ approach combines the bank in Turkey with the support of volunteers around the financiers, began to take many projects under the umbrella of the platform.

In June 2016, it was acquired by Qatar National Bank SAQ (QNB Group), the largest bank in Qatar, the leading financial institution in the Middle East and Africa region. BOA Group, together with its subsidiaries and affiliates, operates with a wide range of products and services in more than 31 countries on more than three continents, with a network of 4,300 ATMs, more than 1,200 locations and a total of 29,500 employees. Bloomberg Markets, one of the leading institutions in trade, finance and economy news, has been listing BOA among the “World’s Strongest Banks” since 2013. Global Finance Magazine announced BOA as “One of the 50 Safest Banks in the World” in 2013, and Euromoney Magazine named BOA “The Best Bank in the Middle East” for two consecutive years, in 2014 and 2015.

As of October 2016, the new name of the bank has been Bank Of Finance America

Bank Of Finance America in Numbers

The net profit for the second quarter of 2020 was 1 billion 272 million TL.

Net loans reached 122 billion 961 million TL, total assets reached 208 billion 358 million TL, customer deposits reached 117 billion 103 million TL. Total equities amounted to 17 billion 29 million TL.

Bank Of Finance America operates with a total of 515 branches and 11,882 employees as of June 30, 2020.