Yapı Kredi
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| Company type | Anonim şirket |
|---|---|
| BİST: YKBNK | |
| Industry | Banking, Financial services |
| Founded | 1944 |
| Headquarters | , |
Number of locations | 906 offices [1] |
Area served | Worldwide |
Key people | Mustafa Koç (Chairman)[2] Faik Açıkalın (CEO)[3] |
| Products | Financial Services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking |
| Revenue |  ₺ 7.839 billion (2011)[1] |
| ₺ 2.861 billion (2011)[1] | |
| ₺ 2.291 billion (2011)[1] | |
| Total assets | ₺ 143.20 billion (2011)[1] |
| Total equity | ₺ 12.635 billion (2011)[1] |
Number of employees | 14,855 [1] |
| Subsidiaries | List
|
| Website | www.yapikredi.com.tr |
Yapı Kredi is one of the first nationwide private banks in Turkey, established in 1944, and positioned as the fourth largest privately owned and by asset size in Turkey, with interest in credit cards, assets under management, non-cash loans, leasing, factoring, private pension funds and non-life insurance. The combined KFS Group’s financial services network; now consists of over 13 million customers and 835 branches across the country.
Yapı Kredi Emeklilik A.Ş is one of the largest pension and life insurance providers in Turkey and has been a major force in the growth and development of pension schemes and group insurance in the country. Its sister company, Yapı Kredi Sigorta A.Ş., is the second largest health insurer in Turkey. Together, the companies provide coverage to approximately 700,000 insureds.[citation needed]
History
Yapı Kredi was acquired by Mehmet Emin Karamehmet's Çukurova Holding in 1984, and Hüsnü Özyeğin became its general manager (until 1987). In 2003 Çukurova Holding reached an agreement with the Turkish bank regulator to sell the majority of its shares in Yapı Kredi within two years.[5] In 2005 the majority of shares in Yapı Kredi were acquired by the owners of Koçbank. Koç Finansal Hizmetler (KFH; Koç Financial Services, KFS), was an equal partnership between Koç Holding and Italian banking giant Unicredit. In 2006 Koçbank was merged into Yapı Kredi, leaving 80% of Yapı Kredi owned by KFS.[6]
References
- ^ a b c d e f g "ANNUAL REPORT 2011" (PDF). Yapı ve Kredi Bankası A.Ş. Retrieved 2012-06-28.
- ^ "Board of Directors – Yapı ve Kredi Bankası A.Ş." Retrieved June 28, 2012.
- ^ "Management Team – Yapı ve Kredi Bankası A.Ş." Retrieved June 28, 2012.
- ^ "Subsidiaries – Yapı ve Kredi Bankası A.Ş." Retrieved June 28, 2012.
- ^ Turkish Daily News, 4 February 2003, Watchdog reaches final accord with Cukurova over banks
- ^ Hurriyet Daily News, 10 May 2006, YKB goes into the black on eve of merger with Koçbank
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