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Yapı Kredi is one of the first nationwide commercial banks in Turkey, and is the fourth largest publicly owned bank in Turkey by its asset size. It was established in 1944 by Kazım Taşkent. Assets of the bank include credit cards, assets under management, non-cash loans, leasing, factoring, private pension funds and non-life insurance. The combined financial services network of the bank consists of 835 branches across the country with over 13 million customers.[citation needed] The bank offers vehicle loans, consumer loans, housing loans and commercial loan support.[10][11]
 | |
| Company type | Anonim Şirket |
|---|---|
| BİST: YKBNK | |
| Industry | Banking, Financial services |
| Founded | July 6, 1944 |
| Headquarters | , |
Number of locations | 846 branches (2019)[1] |
Area served | Worldwide |
Key people |
|
| Products | Financial services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking |
| Revenue |  US$9.83 billion (2023)[4] |
| US$3.52 billion (2023)[5] | |
| US$2.87 billion (2023)[4] | |
| Total assets | US$63.38 billion (2023)[6] |
| Total equity | US$6.08 billion (2023)[7] |
Number of employees | 16,162 (2023)[8] |
| Subsidiaries | List
|
| Rating | S&P: unknown Moody's: B1 Fitch: BB- |
| Website | yapikredi.com.tr |
Yapı Kredi Emeklilik A.Ş is one of the largest pension and life insurance providers in Turkey and has been a major force in the growth and development of pension schemes and group insurance in the country. Its sister company, Yapı Kredi Sigorta A.Ş., is the second-largest health insurer in Turkey. Together, the companies provide coverage to approximately 700,000 insureds.[citation needed]
History
editYapı Kredi was acquired by Mehmet Emin Karamehmet's Çukurova Holding in 1984, and Hüsnü Özyeğin was its general manager until 1987. In 2003, Çukurova Holding reached an agreement with the Turkish bank regulator to sell the majority of its shares in Yapı Kredi within two years.[12] In 2005, the majority of shares in Yapı Kredi were acquired by the owners of Koçbank. Koç Finansal Hizmetler (KFH; Koç Financial Services, KFS), was an equal partnership between Koç Holding and Italian banking giant UniCredit. In 2006, Koçbank was merged into Yapı Kredi, leaving 80% of Yapı Kredi owned by KFS.[13] In November 2019 Unicredit exited the joint venture KFS which controls the bank and acquired a smaller stake in the company.[14] In 2024 it expanded to Germany.[15]
See also
edit
References
edit- ^ Yapı Kredi 2019 Annual Report Report 2019 2019, p. 14.
- ^ Yapı Kredi 2019 Annual Report Report 2019 2019, p. 2.
- ^ Yapı Kredi 2019 Annual Report Report 2019 2019, p. 4.
- ^ a b Yapı Kredi 2023 Annual Report Report 2023 2023, p. 17.
- ^ Yapı Kredi 2023 Annual Report Report 2023 2023, p. 138.
- ^ Yapı Kredi 2023Annual Report Report 2023 2023, p. 14.
- ^ Yapı Kredi 2023Annual Report Report 2023 2023, p. 135.
- ^ Yapı Kredi 2023 Annual Report Report 2023 2023.
- ^ "Subsidiaries – Yapı ve Kredi Bankası A.Ş." Retrieved June 28, 2012.
- ^ Gazete, Banka (21 November 2021). "2. el taşıt kredisinde Yapı Kredi yaş sorununa çözüm sağladı!". Gazetebanka.com. p. https://gazetebanka.com/. Retrieved 21 November 2021.
- ^ "Yapi ve Kredi Bankasi AS, YKBNK.E:IST profile - FT.com". markets.ft.com. Retrieved 2024-04-09.
- ^ Turkish Daily News, 4 February 2003, Watchdog reaches final accord with Cukurova over banks
- ^ Hurriyet Daily News, 10 May 2006, YKB goes into the black on eve of merger with Koçbank
- ^ "UniCredit agrees to cut stake in Turkey's Yapi Kredi to below 32%". Reuters. 30 November 2019.
- ^ "Turkish bank expands into Germany with Bankhaus J. Faisst OHG acquisition - Türkiye Today". Retrieved 2024-10-31.
External links
editSources
edit- Yapı Kredi 2019 Annual Report (PDF), Yapı Kredi, 2019
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