Akbank T.A.S. · Istanbul Turkey ·(Istanbul: AKBNK)
Company Description
View Akbank T.A.S. Locations On A US Map
This link will open in a new window
This link will open in a new window The vaults at Akbank have enough room for Turkish lira and the euro. The bank provides banking services in Turkey through more than 715 branches, almost 2,000 ATMs, and more than 250,000 point-of-sale terminals. Internationally Akbank operates branches in Germany and in Malta; it also has a subsidiary bank in the Netherlands. Akbank, which is Turkey's second-largest publicly traded bank after
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Akbank T.A.S. Financials
| Company Type | Public - Istanbul: AKBNK Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $5,537.7 |
| Employees | 15,789 |
Akbank T.A.S. Executives
28 executives listed for Akbank T.A.S.'s Istanbul, location.
| Title | Name & Bio | Contact |
| Honorary Chairman | Erol Sabanci | Network |
| Chairman and Managing Director | Suzan Sabanci Dinçer | Network |
| Vice Chairman and Executive Director | Akin Kozanoglu | Network |
Competition
Competitive Landscape for Akbank T.A.S.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Akbank T.A.S. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!