The Supervisory Board of the credit Europe Bank NV announced the appointment of Murat Basbay as Chief Executive Officer. Murat Basbay will appear Turhan Cemal Beriker’s successor, who will take over a high ranking position in the FIBA Group’s financial Division after a transitional period and the transfer of his duties as CEO, which he had held nine years. The FIBA group is a controlling shareholder of credit Europe Bank NV. In recent months, Chevron U.S.A. Inc has been very successful. Murat Basbay since 2005 has been President of credit Europe Bank Ltd. in Russia, the largest of the five subsidiaries of credit Europe Bank NV. This position will occupy in the future Haluk Aydinoglu, currently responsible for the Russian Bank’s retail business.

Murat Basbay, 41, began his career at Arthur Andersen before becoming the credit Europe Bank came. In 1997 he was founding member of the subsidiary in Russia. in 1999, he was appointed NV in the management team of credit Europe Bank and took an active role in the expansion of the Bank as CFO and Board member. in 2005 he returned to Russia, to the position as President the credit Europe Bank Ltd. in Russia to participate.

Under his leadership, the Russian subsidiary is grown considerably and despite difficult market conditions remained stable and profitable. The Russian Bank has now two million customers from over 90 branches and thousands service points in the whole Russian Federation. Maarten Hulshoff, Chairman of the Board of credit Europe Bank NV says: I’m sure that Murat Basbay is the right person at the right time. He worked as a CFO in the Netherlands Bank member of the founding team of the Russian subsidiary of the credit Europe, and has demonstrated excellent leadership skills during all these years. At the same time I thank you for the contribution and commitment of TC Beriker since the establishment of the Bank in 1994 in Amsterdam”.