Akbank is a Turkish financial institution, established in 1948 to provide funding to local cotton growers. Now Akbank is a full-service universal bank offering consumer banking, commercial banking, SME banking, corporate banking, private banking, foreign currency exchange, money markets and securities trading, and international banking services. Akbank AG was estblished in 1998 in Frankfurt am Main, and its core business areas include corporate banking, trade finance and retail banking.
Becoming a client of AKBANK AG can be done in a few steps:
Due to regulatory requirements AKBANK AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual AKBANK AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients AKBANK AG will ask to provide corporate documentation as well as information about controlling persons. AKBANK AG may request additional documentation or information depending on the case. AKBANK AG performs client's identity verification via branch visit.
AKBANK AG is the 185th largest bank in Germany in terms of total assets. In 2018 its total assets were 4 476,97 mln EUR, providing the bank with the market share of 0.06%. In 2018 the bank's net income was 37,17 mln EUR.
AKBANK AG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is B+ (highly speculative).
AKBANK AG participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. AKBANK AG is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.
AKBANK AG is headquartered in Frankfurt Am Main.