The major shareholder of NurolBank is Nurol Holding, which is a holding company at the head of a major diversified group of businesses. The group has its origins in Nurol Construction Co., a family partnership founded in 1966 to operate in the construction and contracting sector. The company’s early successes in major infrastructural and industrial projects rapidly resulted in name recognition and financial power. Diversification began in the late 1970’s with the establishment of Nurol Machinery and Industry, Co., which has since emerged as a major developer and manufacturer of industrial hardware.

The Nurol group entered new fields of activity in the 1980’s and 1990’s against a backdrop of rapid liberalization and growth in the Turkish economy. New investments were made in sectors that offered strong prospects for growth and development, such as tourism, defense contracting, printing and publishing, finance, and real estate, while the group’s core businesses of construction and manufacturing continued to develop. In the course of broadening its’ range of activities, the Nurol Group also extended its geographical reach to undertake large infrastructural projects and forge new partnerships in Russia, Poland and CIS countries, and established subsidiaries in Bosnia and the Netherlands with the purpose of facilitating trade.

Faced with the demands of increasing complexity, Nurol Holding, Inc., was established in 1989 to gather group companies under one administrative umbrella, thereby easing coordination among them and increasing efficiency. As the head company, Nurol Holding supports group companies in the areas of strategic planning, information technology, public relations, as well as financial, administrative and legal affairs.

Today, Nurol Holding is a well established and stable family-owned business reknowned for its conservative and prudent approach, operating with 23 companies, 12 subsidiaries and affiliates, various branches and representatives abroad, and employing a workforce of approximately 6500. Through sound management, a sensible growth policy, and an emphasis on professionalism and quality, Nurol Holding has successfully propelled itself into the upper echelons of the Turkish economic scene.