AKBTY - Akbank T.A.S.

Other OTC - Other OTC Delayed Price. Currency in USD

Akbank T.A.S.

Sabanci Center
4.Levent
Istanbul 34330
Turkey
90 212 385 55 55
http://www.akbank.com

SectorFinancial Services
IndustryBanks—Regional
Full Time Employees13,136

Key Executives

NameTitlePayExercisedYear Born
Mr. Sabri Hakan BinbasgilCEO, Director & Member of International Advisory BoardN/AN/A1960
Mr. Eyüp EnginVice Chairman, Head of Internal Audit, Member of International Advisory Board & Exec. DirectorN/AN/AN/A
Mr. Erol SabanciHonorary Chairman & ConsultantN/AN/A1938
Mr. Türker Tunali C.F.A.Chief Financial OfficerN/AN/AN/A
Mr. Ilker AltintasExec. VP of Technology & OperationsN/AN/AN/A
Amounts are as of and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Akbank T.A.S. provides various banking products and services. It operates through three segments: Retail Banking; Commercial Banking, SME Banking, and Corporate-Investment and Private Banking; and Treasury. The company's retail banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfers, investment banking, and telephone and Internet banking. It also offers services to large, medium, and small size corporate and commercial customers that include Turkish Lira (TL) and foreign currency denominated working capital loans, foreign trade financing, derivative instruments for hedging purposes of foreign currency and interest risk, letters of credit, foreign currency trading, corporate finance, and deposit and cash management services, as well as project finance loans; and timely and permanent solutions for corporate customers' working capital management, delivering cash management services based on customers' requests that include collection and payment services and liquidity and information management. In addition, the company engages in treasury activities consisting of TL and foreign currency spot and forward transactions, treasury and government bonds, Eurobonds, and private sector bond transactions, as well as derivative trading activities; marketing and pricing activities related treasury products; and the provision of long-term funding services, providing funding facility that reflects country risk, diversifying funding resources, and forming a base of international investors. Further, it engages in leasing activities. As of December 31, 2018, the company operated 780 branches in Turkey and 1 branch internationally. Akbank T.A.S. was founded in 1948 and is headquartered in Istanbul, Turkey.

Corporate Governance

Akbank T.A.S.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.