By Helgi Library - December 12, 2019
Akbank's customer loans reached TRY 209,478 mil in 2017, up 17.1% compared to the previous year. Turkish banking sector provide...
By Helgi Library - December 12, 2019
Akbank's customer deposits reached TRY 201,456 mil in 2017, up 15.8% compared to the previous year. Turkish banking sector acce...
By Helgi Library - June 21, 2018
Akbank made a net profit of TRY 6,020 mil under revenues of TRY 14,976 mil in 2017, up 24.0% and 15.9% respectively compared to the p...
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By Helgi Library - November 29, 2018
Akbank's mortgage loans reached TRY 13,233 mil in 2017, down 2.49% compared to the previous year. Turkish banking sector provided mortgage loans of TRY 193 bil in 2017, up 16.7% when compared to the last year. Akbank accounted for 6.91% of all mortgage lo...
By Helgi Library - June 21, 2018
Akbank employed 14,000 persons in 2017, up 1.13% when compared to the previous year. Historically, the bank's workforce hit an all time high of 16,315 persons in 2012 and an all time low of 7,911 in 1998. Average cost reached USD 3,208 per month per employee, ...
By Helgi Library - June 21, 2018
Akbank's loans reached TRY 209,478 mil in the 2017, up from TRY 178,893 mil compared to the previous year. Historically, the bank’s loans reached an all time high of TRY 209,478 mil in 2017 and an all time low of TRY 47,394 mil in 2009. In the last deca...
By Helgi Library - June 21, 2018
Akbank employed 14,000 persons in 2017, up 1.13% compared to the previous year. Historically, the bank's workforce hit an all time high of 16,315 persons in 2012 and an all time low of 10,413 in 2004. The bank operated a network of 801 branches and 4,400 A...
By Helgi Library - December 12, 2019
Akbank's consumer loans reached TRY 30,348 mil in 2017, up 14.4% compared to the previous year. Turkish banking sector provided consumer loans of TRY 316 bil in 2017, up 14.5% when compared to the last year. Akbank accounted for 9.25% of all consumer loan...
By Helgi Library - June 21, 2018
Akbank stock traded at TRY 9.85 per share at the end of 2017 implying a market capitalization of USD 10,416 mil. Since the end of 2012, the stock has appreciated by 9.69 % implying an annual average growth of 1.87 %. In absolute terms, the value of the company fe...
By Helgi Library - June 21, 2018
Akbank's non-performing loans reached 2.16% of total loans at the end of 2017, down from 2.39% compared to the previous year. Historically, the NPL ratio hit an all time high of 3.85% in 2009 and an all time low of 1.21% in 2012. Provision coverage amounted...
By Helgi Library - June 21, 2018
Akbank generated total banking revenues of TRY 14,976 mil in 2017, up 15.9% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of TRY 14,976 mil in 2017 and an all ...
By Helgi Library - June 21, 2018
Akbank stock traded at TRY 9.85 per share at the end 2017 implying a market capitalization of USD 10,416 mil. Since the end of 2012, the stock has appreciated by 9.69 % implying an annual average growth of 1.87 %. In absolute terms, the value of the company rose ...
By Helgi Library - June 21, 2018
Akbank's net interest margin amounted to 3.55% in 2017, up from 3.12% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 32.0% in 1998 and an all time low of 3.12% in 2016. The average margin in the l...
Akbank T.A.S. is a Turkey-based universal bank. The Bank offers retail and commercial banking products and services, such as credit and debit cards, private and commercial loans, savings and checking accounts and money transfers, issuing letters of guarantee, foreign currency and non-cash loans and commercial loan deposit accounts, as well as portfolio management, mutual and pension fund management, international trade finance and securities brokerage. At the end of 2015, the Bank operated 901 branches, 4,300 ATMs and 340,000 POS terminals in Turkey. The Bank was founded in 1948 and is headquartered in Istanbul, Turkey. Listed on the Borsa Istanbul, it is 9.9% owned by the US Citigroup, as well as by members of the Sabancı family
Akbank has been growing its revenues and asset by 12.5% and 16.9% a year on average in the last 10 years. Its loans and deposits have grown by 17.9% and 15.8% a year during that time and loans to deposits ratio reached 104% at the end of 2017. The company achieved an average return on equity of 15.8% in the last decade with net profit growing 11.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 32.6% in 2017, compared to 39.7% average in the last decade.
Equity represented 11.9% of total assets or 19.4% of loans at the end of 2017. Akbank's non-performing loans were 2.16% of total loans while provisions covered some 96.6% of NPLs at the end of 2017.
Akbank stock traded at TRY 9.85 per share at the end of 2017 resulting in a market capitalization of USD 10,416 mil. Over the previous five years, stock price rose by 9.69% or 1.87% a year on average. That’s compared to an average ROE of 14.6% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 6.54x and price to book value (PBV) of 0.970x in 2017.
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