Akbank T.A.S

Akbank T.A.S. together with its subsidiaries provides various banking products and services in Turkey and internationally. It operates through: Retail Banking; Commercial Banking SME Banking Corporate-Investment and Private Banking; and Treasury segments. 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 transfer 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 financing for investments 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; and marketing and pricing activities related treasury products. Further it provides financial leasing services stock exchange brokerage services and portfolio management as well as offers payment services and issues electronic money. Akbank T.A.S. was founded in 1948 and is headquartered in Istanbul Turkey.