EFG İstanbul was founded in 2001 under the name of HC İstanbul as an investment firm to engage in brokerage & corporate finance activities. The firm was acquired by EFG Eurobank Ergasias Group, one of the leading financial services groups of Greece, in April 2005. EFG Eurobank Ergasias Group acquired a 70% stake in Tekfenbank in March 2007. In line with Eurobank EFG’s strategy to unite all of its Turkish operations under one umbrella, 100% of EFG İstanbul shares were transferred to Eurobank Tekfen in October 2007.
Ranking as the 3rd largest banking group in Switzerland, European Financial Group (EFG) is active in more than 30 countries. EFG comprises two separate financial groups:
- EFG International, the global private banking and asset management group, commands a market value of US$5 billion as of June 2008.
- Eurobank EFG, the regional banking group focussed in Central and Southern Europe, commands an asset size of US$114 billion and a market value of US$15 billion as of June 2008.
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