Investor consortium ready to buy Banque Internationale from London

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 3, 2011 -- Hong Kong, 02.09.2011

CEO of NADERY INVESTMENTS Heri Nadery said a few investors, including Russian, Turkish, Chines, were ready to join a consortium to buy Banque Internationale from London, the banker said on Wednesday.

Turkey’s FINROST INTERNATIONAL in cooperation with ICN IMMOBILIEN CONSULTING NADERY MUNCHEN , FIRST HARBOR and MAXWELL FINANCE HOLDING is planning to expand by increasing the number of the Branches from 4 to 11 preparatory to introducing credit cards.

Finrost/Nadery currently owns 87 percent of the Banque Internationale shares and aims to increase the branches from 4 to 11 by 2014. The group has bought Banque Int. with an investment that was worth around 290 million Euros in total. Fınrost/NADERY/FIRST HARBOR/MAXWELL HOLDING will also be progressively injecting 250 million euros worth of capital into Banque Internationale’s vaults.

The group will be bringing know-how to Middle East (Egypt, Libyan,Syria,Marocco, Tunisia, Yemen, Turkey) which lacks such services as internet banking and credit cards, Ugur Cabuk , CEO of the group’s management board, said Friday. Once the Company attains a total of 25 branches, the Group will then negotiate with one of Turkey’s four largest banks and introduce its credit card into North African countries. Finrost/Nadery has already made Board Reso to establish branches around Turkey and few North African Countries such as Tunisia, Libya, Syria, Yemen, Marocco, Egypt and Cyprus.

The target market for the Group was not just Turkey with a population of 75 million, but the entire surrounding area where 300 million people live, and where Turkish is also spoken, he added.
The bank’s name will also be changed, Cabuk explained, to something that is neither Turkish nor Turkish but has a more international sound to it. The headquarters in London will also be moved, he noted. They were planning to work with Turkish and Arabic customers who had commercial ties in those countries.

Banque Internationale is a multinational privately owned company and is based in London. Banque Inter is represented by dozens of firms and specialists in corporate advisory services, financial issues, banking and insurance services, mergers, acquisitions, venture capital, administration and company establishment. The Banque Inter team is formed by financial and corporation specialists who have long years of experience resulting from their activities in other firms and foreign banks. The Banque Inter vision is to provide professional advisory services connected with acquisitions, mergers, venture capital, investments, registration and management of offshore and onshore firms, sale of firms and enterprises, insurance sector and private banking services.