Managing Board

The Managing Board of Credit Europe Bank NV is jointly responsible for the consolidated management of the bank, which includes realizing the bank’s goals and strategy, setting policies and achieving results. The Managing Board is also responsible for compliance with all relevant laws and regulations, management of the risks attached to our banking activities and for the bank’s funding.

The Managing Board of Credit Europe Bank NV consists of three members: Senol Aloglu, Umut Bayoglu and Batuhan Yalniz.

Without detriment to the collective and joint responsibility, between the members of the Managing Board an allocation of tasks is agreed.

The Charter of the Managing Board can be retrieved here.

Each Managing Board member has taken the Bankers’ Oath/Affirmation.

Supervisory Board

In line with corporate rules in the Netherlands, and as set out in Credit Europe Bank's articles of association and in the charter of the Supervisory Board, the Supervisory Board’s tasks are to supervise the policy of the Managing Board and the general affairs of the bank and to support the Managing Board with advice.

The Supervisory Board of Credit Europe Bank consists of five members*: Willem Frederik (Wilfred) Nagel (chair), Ayşecan Özyeğin Oktay (vice-chair),  Seha Ismen Ozgur and Ali Fuat Erbil.

All members of the Supervisory Board have a background and experience in banking, investment or law. Wilfred Nagel qualifies as financial expert within the meaning of Section 2 paragraph 2 of the July 26, 2008, Ruling on the establishment of an audit committee.

Click here to read the charter of the Supervisory Board.

The Supervisory Board is supported by three committees: Audit and Risk, HR, Remuneration and Nomination Committee and Compliance Oversight.

The main objective of each committee is as follows:

• Audit and Risk:The Audit and Risk Committee assists the Supervisory Board in monitoring the status of and developments in the bank’s risk-management system and internal control system, including the activities of the risk-management function, internal audit function, and internal control-related issues. The committee monitors the financial reporting process, oversees the accounting policies and practices, and ensures that CEB maintains adequate internal control systems and processes. The committee also performs a review of CEB’s financial statements and the reports of the external auditor. Moreover, it discusses the relationship with the external auditor, including their independence, remuneration, and other permitted services executed for the bank.

• HR, Remuneration and Nomination Committee: This committee is to act as adviser to the Supervisory Board in all areas of remuneration – in general and pertaining to (individual members of) the Identified Staff, nomination of Supervisory Board and Managing Board members and key function holders and general HR matters (including but not limited to organization and leadership development, diversity and inclusion, recruitment, employability, mobility and outflow of staff and employee engagement).

• Compliance Oversight: The Compliance Oversight Committee assists the Supervisory Board in overseeing the bank’s overall compliance framework, which is designed to respond to the various compliance and regulatory risks the bank is exposed to according to applicable local and international legal and regulatory requirements. The committee keeps the Supervisory Board updated on developments and best practices in compliance and reviews these for applicability to CEB. It further gives guidance to the Managing Board on how to further improve CEB’s overall compliance framework.

Each committee has its own charter, approved by the Supervisory Board.

The members of the respective committees are:

For the Retirement Schedule of the Supervisory Board please click here.

For the Position Profile of Supervisory Board Members please click here.

For more information on the number of meetings held and issues discussed in a given year by a subcommittee, reference is made to the ‘Report of the Supervisory Board’ in the bank’s annual report.