AKBANK T.A.Ş.

Akbank was founded in 1984 as a privately-owner bank providing financing to local cotton growers. In 1990 Akbank shares began trading on international markets. Nowadays Akbank’s provides products and services in consumer banking, commercial banking, SME banking, corporate banking, private banking, foreign currency exchange, money markets and securities trading, and international banking services.

Bank Category

Private Commercial Banks

Services

Retail Banking
Corporate Banking
SME Banking
Private Banking
Foreign Currency Exchange
Money Markets and Securities Trading
International Banking

Financials

Total Assets (2017)
316.03 bln TRL  (+15.84%)
Net Income (2017)
6 039.07 mln TRL  (+25.28%)

AKBANK T.A.Ş. is the 4th largest bank in Turkey in terms of total assets. In 2017 its total assets were 316,03 bln TRL, providing the bank with the market share of 10.21%. In 2017 the bank's net income was 6 039,07 mln TRL.

AKBANK T.A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BB+ (speculative). Long-term credit rating assigned to the bank by Moody's is Ba3 (non-investment grade speculative).

AKBANK T.A.Ş. participates in deposit guarantee scheme of Turkey. This scheme covers accounts up to 100 000 TRL per bank per depositor.

Contacts

SABANCI CENTER 34330 4. LEVENT/ İSTANBUL, Turkey
(212) 385 55 55
(212) 269 73 83

Bank Identifiers

BIC (SWIFT)
AKBKTRIS
Bank Sort Code
0046

Business Summary

Services
retail banking
corporate banking
SME banking
private banking
foreign currency exchange
money markets and securities trading
international banking

AKBANK T.A.Ş. provides products and services in the areas of retail banking, corporate banking, SME banking, private banking, foreign currency exchange, money markets and securities trading, international banking.

Financial Positions

Total Assets (2017)
316.03 bln TRL  (+15.84%)

In 2017 total assets of AKBANK T.A.Ş. were 316.03 bln TRL. Growth compared to the previous period (2016) was 15.84%. The evolution of the total assets of AKBANK T.A.Ş. is shown at Chart 1 below.

Total Assets of AKBANK T.A.Ş..

Chart 1. Total Assets of AKBANK T.A.Ş..

Profit and Loss

Net Income (2017)
6 039.07 mln TRL  (+25.28%)

In 2017 net income of AKBANK T.A.Ş. was 6 039.07 mln TRL. Growth compared to the previous period (2016) was 25.28%. The evolution of the net income of AKBANK T.A.Ş. is shown at Chart 2 below.

Net Income of AKBANK T.A.Ş..

Chart 2. Net Income of AKBANK T.A.Ş..

Market Share and Rank (among banks in Turkey)

Total Assets (2017)
4th (market share 10.21%)

In 2017 AKBANK T.A.Ş. was ranked the 4th largest bank in Turkey in terms of total assets, having 10.21% of the domestic market share.

Market share of AKBANK T.A.Ş. (among banks in Turkey)

Chart 3. Market share of AKBANK T.A.Ş. (among banks in Turkey)

Several banks having the market shares and ranks closest to AKBANK T.A.Ş. are shown below.

RankNameTotal AssetsMarket Share
3TÜRKİYE GARANTİ BANKASI A.Ş.325232.27 mln TRL10.51%
4AKBANK T.A.Ş.316030.87 mln TRL10.21%
5TÜRKİYE HALK BANKASI A.Ş.305350.65 mln TRL9.87%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BB+ (speculative) Ba3 (non-investment grade speculative)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. AKBANK T.A.Ş. is rated by Fitch and Moody's.

Credit ratings assigned to AKBANK T.A.Ş. as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for AKBANK T.A.Ş. it is set to BB+ (speculative), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for AKBANK T.A.Ş. is set to B (speculative short-term credit quality).

Long-Term Issuer Default Rating  BB+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  B
Viability Rating  bb+
Support Rating  4
Support Rating Floor  B+

Viability rating for AKBANK T.A.Ş. is set to bb+ (speculative fundamental credit quality); support rating is 4 (limited probability of support); support rating floor is B+ (highly speculative).

Moody's

Long-term rating for AKBANK T.A.Ş. it is set to Ba3 (non-investment grade speculative). Long-term bank deposit rating is Ba3 (non-investment grade speculative). Baseline credit assessment is ba3. Short-term rating is not assigned.

Long-Term Rating  Ba3
Long-Term Bank Deposit Rating  Ba3
Baseline Credit Assessment  ba3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of AKBANK T.A.Ş. is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 TRL per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Turkey are obliged to participate in Turkish deposit guarantee scheme.

In the case of AKBANK T.A.Ş. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons
Covered Accounts  all cash deposit accounts, precious metals accounts
Maximum Protected Amount  100 000 TRL
Paid In Currency  TRL

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of AKBANK T.A.Ş. and its components are shown in the table below.

BIC  AKBKTRIS
Bank BIC Code  AKBK
Country Code  TR (Turkey)
Location Code  IS
Branch Code  -

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  0046

European Presence: 3 banks in 3 countries

AKBANK T.A.Ş. operates under the brand name Akbank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Germany

Malta

Turkey

  • (this bank) AKBANK T.A.Ş.