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. The bank offers vehicle loans, consumer loans, housing loans and commercial loan supports.
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.
History
Yapı Kredi was acquired by
Mehmet Emin Karamehmet
Mehmet Emin Karamehmet (born 1 April 1944) is the chairman of Turkey's Çukurova Holding conglomerate. He was ranked the 2nd wealthiest person in Turkey and the 401st globally in 2012 Forbes Billionaires list.Forbes- Mehmet Emin Karamehmet/ref> ...
's
Çukurova Holding
Çukurova Holding, established in 1923, is an industrial and commercial conglomerate based in Turkey. It is engaged in a range of sectors such as industrial, construction, communication and IT, media, transportation, financial services and ene ...
in 1984, and
Hüsnü Özyeğin
Hüsnü Özyeğin (born 1944) is a Turkish billionaire. He founded Finansbank in 1987 and later sold the Turkish division of the bank. Nowadays, his financial investments are managed under Fiba Holding while non-financial investments are manage ...
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. In 2005 the majority of shares in Yapı Kredi were acquired by the owners of
Koçbank
Koçbank was a Turkish bank. It was merged into Yapı ve Kredi Bankası in 2006. At the time Koçbank was owned by, Koç Finansal Hizmetler (KFH; Koç Financial Services, KFS), an equal partnership between Koç Holding and Italian banking giant ...
. Koç Finansal Hizmetler (KFH; Koç Financial Services, KFS), was an equal partnership between
Koç Holding
Koç Holding A.Ş. () is the largest industrial conglomerate in Turkey, and the only company in the country to be listed on the Fortune Global 500 as of 2016. The company, headquartered in Nakkaştepe, Istanbul, is controlled by the Koç family, ...
and Italian banking giant
UniCredit
UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was for ...
. In 2006 Koçbank was merged into Yapı Kredi, leaving 80% of Yapı Kredi owned by KFS. In November 2019 Unicredit exited the joint venture KFS which controls the bank and acquired a smaller stake in the company.
See also
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Lists of banks
Lists of banks are contained in the following articles:
By continent
* List of banks in Africa – Each country in Africa has a list of banks operating in that country
* List of banks in Asia – Asia has a list of banks operating in that cou ...
*
List of banks in Turkey
As of September 2006, the size of the banking industry is 88.2% of total financial sector in Turkey. There are 51 banks as of April 2022: 3 public deposit, 8 private deposit, 21 foreign deposit, 3 public investment, 9 private investment, 4 foreig ...
References
External links
Sources
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Banks of Turkey
Companies listed on the Istanbul Stock Exchange
Banks established in 1944
Companies based in Istanbul
Koç family
Turkish brands
Turkish companies established in 1944
Şişli
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