Ever since he sold Finansbank to the Greek NBG everybody has been sure that HÜSNÜ ÖZYEĞİN would return to the sector. And now, as soon as the period stipulated in the agreement with NBG elapsed, he has returned. He bought Millennium Bank from BCP, which decided to withdraw from Turkey, and has established a new bank, Fibabanka. Fibabanka's game plan is ready. The bank will start with corporate and commercial banking and then add retail banking from 2012. Fiba Holding Board Chair Hüsnü Özyeğin says: "There is work for every bank and every banker in this growing sector." Özyeğin revealed Fibabanka's game plan to Capital for the first time.
You can't give up banking. Is it a passion for you?
- In fact, we could call it a passion but it is also a sector in which I have worked for 37 years. It is not just me, it is also the area where we feel best equipped as a team. On the other hand, in the last 15 years, we have sent many of our colleagues abroad. Today we have colleagues who have been working abroad for 8-10 years. Naturally, they want to return to Turkey. They don't want to spend all of their careers in Russia, Ukraine or the Netherlands. We have approximately 200 executives abroad. We had to acquire a bank in Turkey in order to hold on to our valued colleagues.
Where in Anatolia will you open your first branch?
- First of all, we want to make our existing branches productive. At the moment, outside İstanbul, we have branches in Ankara, Antalya and İzmir. We shall really begin to expand in Anatolia from 2012 onwards. In fact, the management of Millennium Bank did a lot of good things. They opened branches in very suitable places. We shall retain all of these but we shall change the business strategy a little. We shall recruit staff for commercial business and also for some corporate business. In this way, we shall be able to go after segments in those regions which have a different potential.
Did you look at other alternatives apart from Millennium?
- We did not evaluate any alternatives. In fact, Millennium was completely a piece of
luck for us. It was a bank of exactly the size that we wanted and the kind of structure we were looking to start with. I can't think of anything better than this.
What will be your game plan?
- At the moment, we are making preparations. We are evaluating the market. We know corporate and commercial banking but there have been several important changes in retail banking since we sold Finansbank. We are studying them. Once ourtechnology is ready, we are thinking of entering retail banking in stages.