Demir-Halk Bank (Nederland)

Bank Profile
Demir-Halk Bank (Nederland) N.V. - hereafter referred to as DHB Bank - was established
as a Turkish-owned commercial bank under Dutch law in 1992. During the formation of
the bank's shareholder structure, the Demirbank group of companies and Türkiye Halk
Bankas› A.fi. assumed 70% and 30% stakes respectively.
The shareholder structure of DHB Bank, since September 20, 2005, is as follows: 70% of
the shares are held by HCBG Holding B.V., while the remaining 30% are continued to be
owned by Türkiye Halk Bankas› A.fi.
HCBG Holding B.V., whose principal business activity is to act as a finance holding
company, is 100% owned by Dr. Halit C›ng›ll›o¤lu. In addition to his indirect participation in
DHB Bank, Dr. C›ng›ll›o¤lu has direct interests in other international banks, namely OJSC
Demir Kazakhstan and Demir Kyrgyz International Bank.
DHB Bank holds a credit rating from Fitch Ratings Ltd. In 2006, the bank's long-term
foreign currency rating was reaffirmed as BB, the individual strength rating as C/D, and
the support rating as 5.