ID :
160370
Fri, 02/11/2011 - 16:06
Auther :
Shortlink :
https://oananews.org//node/160370
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Turkey's Akbank 2010 profit 3 bln TL
ISTANBUL (A.A) Feb 11 - Turkey's Akbank declared 3 billion Turkish Lira (TL) net profit in 2010. ( one USD equals 1.596 TL)
Akbank's net profit increased 10.6 percent and was posted as 3.010 billion TL in 2010 when compared to 2009.
The bank's Director General Ziya Akkurt said on Friday that Akbank's gross profit in 2010 was 3.7 billion TL. He added that size of assets of the bank rose 16.8 percent and exceeded 120 billion TL in 2010 when compared to 2009.
Akkurt also said that the bank invested nearly 350 million TL in infrastructure and technology in 2010, adding that they had infrastructure and technology projects worth of 300 million TL in 2011.
Akbank was founded in Adana, Turkey in January 1948, originally to provide financing for the cotton producers in the Cukurova region. Growing and developing over time, the bank opened its first branch in Istanbul in 1950, moving its headquarters to Istanbul in 1954. Rapidly increasing the number of its branches, Akbank automated all banking operations in 1963. With its strong and extensive domestic distribution network that includes more than 870 branches and 15,000 employees as of May 2009, Akbank operates from its headquarters in Istanbul and 20 regional directorates around Turkey.
Akbank established AKSecurities in 1996, AKInvestment Fund in 1998, AKAssetManagement Company and its Private Banking Department in 2000. Akbank established Ak Pension Company in 2003 and acquired AKLease in 2005. In February 2006, Ak Pension Company was sold to Ak Insurance. Akbank conducts overseas operations through its subsidiaries in the Netherlands (Akbank NV), Germany (Akbank AG) and Dubai (Akbank Dubai Limited) along with a branch in Malta.
In addition to its core banking activities, Akbank offers a wide range of corporate, SME, consumer and private banking services as well as foreign trade financing.
On January 9, 2007, Akbank and Citigroup completed a strategic partnership agreement according to which Citigroup acquired a 20 percent equity stake in Akbank. The strategic partnership with Citigroup has contributed to the enhancement of Akbank's banking activities, the improvement of its existing products and the development of new products.
28.63 percent of Akbank's shares are listed on the Istanbul Stock Exchange.
Akbank's net profit increased 10.6 percent and was posted as 3.010 billion TL in 2010 when compared to 2009.
The bank's Director General Ziya Akkurt said on Friday that Akbank's gross profit in 2010 was 3.7 billion TL. He added that size of assets of the bank rose 16.8 percent and exceeded 120 billion TL in 2010 when compared to 2009.
Akkurt also said that the bank invested nearly 350 million TL in infrastructure and technology in 2010, adding that they had infrastructure and technology projects worth of 300 million TL in 2011.
Akbank was founded in Adana, Turkey in January 1948, originally to provide financing for the cotton producers in the Cukurova region. Growing and developing over time, the bank opened its first branch in Istanbul in 1950, moving its headquarters to Istanbul in 1954. Rapidly increasing the number of its branches, Akbank automated all banking operations in 1963. With its strong and extensive domestic distribution network that includes more than 870 branches and 15,000 employees as of May 2009, Akbank operates from its headquarters in Istanbul and 20 regional directorates around Turkey.
Akbank established AKSecurities in 1996, AKInvestment Fund in 1998, AKAssetManagement Company and its Private Banking Department in 2000. Akbank established Ak Pension Company in 2003 and acquired AKLease in 2005. In February 2006, Ak Pension Company was sold to Ak Insurance. Akbank conducts overseas operations through its subsidiaries in the Netherlands (Akbank NV), Germany (Akbank AG) and Dubai (Akbank Dubai Limited) along with a branch in Malta.
In addition to its core banking activities, Akbank offers a wide range of corporate, SME, consumer and private banking services as well as foreign trade financing.
On January 9, 2007, Akbank and Citigroup completed a strategic partnership agreement according to which Citigroup acquired a 20 percent equity stake in Akbank. The strategic partnership with Citigroup has contributed to the enhancement of Akbank's banking activities, the improvement of its existing products and the development of new products.
28.63 percent of Akbank's shares are listed on the Istanbul Stock Exchange.
