Call Now! 866-464-3202
This is a custom template (Home Pages: Video Center Area - AUTO PLAY WITH MUTED SOUND) that is currently displayed on the following pages: * third column

Video Center

Akbank T.A.S. · Istanbul Turkey ·(Istanbul: AKBNK)

Company Description

Sabanci Center 4. Levent
Istanbul
34330
Turkey (Map)
Phone: +90-212-385-55-55
Fax: +90-212-269-77-87
    View Akbank T.A.S. Locations On A US MapThis 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 Is Bankasi, also provides private bank and international trade finance services. Subsidiaries provide non-banking financial, capital-market, and investment services. The Sabanci family and its companies control 55% of Akbank. To read the full description, subscribe now.

    Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!

    Key Akbank T.A.S. Financials

    Company TypePublic - Istanbul: AKBNK

    Headquarters
    Fiscal Year-EndDecember
    2008 Sales (mil.)$5,537.7
    Employees15,789

    Akbank T.A.S. Executives

    28 executives listed for Akbank T.A.S.'s Istanbul,  location.
    TitleName & BioContact
    Honorary ChairmanErol SabanciNetwork
    Chairman and Managing DirectorSuzan Sabanci DinçerNetwork
    Vice Chairman and Executive DirectorAkin KozanogluNetwork

    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!