From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Akbank T.A.Ş.
TypeAnonim Şirket
IndustryBanking, Financial services
Founded30 January 1948 (1948-01-30)
Key people
Suzan Sabancı Dinçer (Chairman)[1]
Hakan Binbaşgil (CEO)[2]
ProductsFinancial services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking
RevenueIncrease ₺21.9 billion (2019)
Decrease ₺6.9 billion (2019)
Decrease ₺5.4 billion (2019)
Total assetsIncrease ₺387.2 billion (2019)
Total equityIncrease ₺54.4 billion (2019)
Number of employees
~12 thousand (2019)
  • Akbank AG
    AK Lease
    AK Investment
    AK Asset Management[3]

Akbank T.A.Ş. is one of the largest banks in Turkey. Founded in 1948, As of 2017, it had revenues of nearly TL 13.7 billion.[4] Listed on the Borsa Istanbul, its largest shareholders are members of the Sabancı family. Akbank is a bank that offers vehicle loans, housing loans, consumer loans and commercial loans.[5]

Akbank has ranked as "The Most Valuable Banking Brand in Turkey" according to the "Brand Finance - Banking 500, 2018" report for the seventh time in a row. Akbank also achieved significant success by ranking as the 126th most valuable banking brand in the report that comprises the most valuable global banking brands.[6]


Akbank was founded in Adana, Turkey in January 1948, originally to provide financing for the cotton producers in the Çukurova region. As the majority of the bank founders were born in the city of Kayseri, the name "Adana-Kayseri Bankası" was chosen, soon to be shortened to its initials AK or Akbank.[7] The founders were Hacı Ömer Sabancı, the industrialist brothers Ahmet Sapmaz and Bekir Sapmaz and the four owners of the Adana textile business Milli Mensucat; Nuh Naci Yazgan, Nuri Has, Mustafa Özgür and Seyit Tekin. This group had an 80% shareholding with the remaining 20% offered to investors in Adana and Istanbul. Opening with a single branch in a corner of Adana Akbank grew and developed quickly, opening its first branch in Istanbul in the district of Sirkeci on 14 July 1950, and moving its headquarters to Istanbul in 1954. The original founders ran the bank until 1962 when it was taken over by Sabancı family. Rapidly increasing the number of its branches, Akbank automated all banking operations in 1963.

In 1993, Akbank founded the Akbank Sanat art centre in Beyoğlu, Istanbul.

Akbank established Ak Securities in 1996, Ak Investment Fund in 1998, Ak Asset Management Company and its Private Banking Department in 2000. Akbank established Ak Pension Fund in 2003 and incorporated Ak Leasing in 2005. In February 2006, Ak Pension Fund was sold to the Aksigorta insurance company.

On 9 January 2007, Akbank and Citigroup completed the strategic partnership agreement according to which Citigroup acquired a 20% equity stake in Akbank for approximately US$3.1 billion (TRL 0.095 per share).

In 2008 Akbank in collaboration with Boyner Holding introduced "Fish", a credit card that offers an array of different services and products.[clarification needed] In 2008, apart from Boyner, Akbank also signed a partnership agreement[clarification needed] with Carrefour SA. Additionally, Akbank introduced new services such as Wings Business Card,[clarification needed] Citi Axess,[clarification needed] ATMCredit[clarification needed] and Multimedia POS to its customers.

As of 31 December 2010, Akbank reported a consolidated net profit of TRY 3,010 million (US$1,958 million) and total consolidated assets of TRY 120,070 million (US$78,089 million). The consolidated capital adequacy ratio of Akbank, standing at approx 20% is among the highest ratios achieved in the sector.[4]

In 2010, Akbank continued to raise funds from international markets with a total of such resources reaching US$8,0 million by the end of the year.

In 2013, Citigroup sold a 10.1 percent% stake in Akbank as part of a move to prepare for the Basel III rule and technical reasons related to Citibank. Following this transaction, Citigroup's stake in Akbank was 9.9% but on 5 March 2015 Citi announced it was selling its remaining shares for $1.15 billion.[8]


Akbank, Etiler branch

As of 2008, Akbank ranked[6] as Turkey's most valuable bank having the most profitable banking operations among privately owned banks in Turkey. Also, Akbank is one of the largest banks in Turkey in terms of loan volume.[6]

Together with its core banking activities, Akbank offers a wide range of retail, commercial, corporate, private banking and international trade finance services. Non-banking financial services, as well as capital market and investment services, are provided by the Bank's subsidiaries.

It has a domestic distribution network that includes over 800 branches and around 14,000 employees,[9] Akbank operates from its headquarters in Istanbul and 20 regional directorates around Turkey. Akbank provides services not only through its branches, which include "Credit Express" consumer loan only branches and "Big Red House" mortgage loan only branches, but also through Retail and Corporate Internet Branches, the Telephone Banking Center, 4,550 ATM's, 510,000 POS terminals as well as technology channels such as cell phones, and loan machines.[clarification needed] Additionally, Free[clarification needed] Banking Areas have been set up inside branches in which customers have access to Internet and telephone banking services. Akbank AG in Germany, as well as a branch in Malta, carry out Akbank's overseas operations.

Akbank is listed on the Istanbul Stock Exchange (ISE) where approx. 51.1% of its shares are publicly traded. Akbank shares constitute 4.9% of the total BIST 100 market capitalization and 16.9% of the total market capitalization of banks listed on BIST as of June 2018.

Akbank has been conducting overseas activities through its subsidiaries in Germany (Akbank A.G.), and a branch in Malta.

Management Board & Group Executive Committee[edit]

Board of Directors Executive Management
Name Since Position Name Since Position
Suzan Sabancı Dinçer 2008 Chairman and Executive Board Member Hakan Binbaşgil 2012 CEO and board member
Erol Sabancı 2008 Honorary Chairman and Consultant to the Board - Board Member Hayri Çulhacı 2010 Vice Chairman & Executive Board Member
Can Paker 2015 Board Member Bülent Oğuz 2011 Executive Vice President - SME Banking
Eyüp Engin 2007 Head of Internal Audit Yaman Törüner 1998 Board Member
Aykut Demiray 2012 Board Member Arif İsfendiyaroğlu 2015 Executive Vice President - Consumer Banking and Payment Systems
Emre Derman 2015 Board Member Levent Çelebioğlu 2015 Executive Vice President - Corporate and Investment Banking
Aydın Günter 2015 Board Member Ege Gültekin 2015 Executive Vice President - Credit Monitoring and Follow Up
Hakan Binbaşgil 2012 Board Member Burcu Civelek Yüce 2014 Executive Vice President - Human Resources and Strategy
Dr. Joseph Ackerman 2013 Chairman's Advisor Tolga Ulutaş 2016 Executive Vice President - Direct Banking
Ahmet Fuat Ayla 2017 Executive Board Member İlker Altıntaş 2017 Executive Vice President - Technology and Operations
Hasan Recai Anbarcı 2017 Executive Vice President - Credit Allocation Mehmet Tugal 2017 Executive Vice President - Commercial Banking
Türker Tunalı 2017 Executive Vice President - CFO Ali Karaali 2017 Executive Vice President - Treasury
Dr. Alp Keler 2018 Executive Vice President - Private Banking and Investment Systems Prof. Dr. Özgür Demirtaş 2017 Board Member
Ahmet Fuat Ayla 2017 Executive Board Member

Principal subsidiaries[edit]

  • Ak Asset Management
  • Ak Lease
  • Ak Investment
  • Akbank AG

See also[edit]


  1. ^ "Board of Directors – Akbank T.A.Ş." Archived from the original on 16 January 2013. Retrieved 28 June 2012.
  2. ^ "Senior Management – Akbank T.A.Ş." Archived from the original on 16 January 2013. Retrieved 28 June 2012.
  3. ^ "Subsidiaries – Akbank T.A.Ş." Archived from the original on 25 May 2012. Retrieved 28 June 2012.
  4. ^ a b "Committed to Sustainable Leadership" (PDF). Akbank.com. March 2014. Retrieved 4 August 2017.
  5. ^ Gazete, Banka (3 November 2021). "Faizsiz Masrafsız Kredi Fırsatı! Akbank Hoş Geldin Kredisi Sunuldu". Gazetebanka. p. https://gazetebanka.com/. Retrieved 3 November 2021.
  6. ^ a b c "Best Global Brands - Brand Profiles & Valuations of the World's Top Brands". Brandirectory.com. Retrieved 4 August 2017.
  7. ^ "SABAH - AKBANK'taki ihtilâf Sabancılar'a yaradı". Arsiv.sabah.com.tr. Archived from the original on 12 December 2012. Retrieved 18 December 2012.
  8. ^ "Citigroup Lost $800 Million on Holding in Turkey's Akbank". Bloomberg. 5 March 2015. Retrieved 12 March 2015.
  9. ^ "August 2018 - Banks and Branches". The Banks Association of Turkey. August 2018. Retrieved 18 August 2018.