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
Events
Below, the events of World War II have the "WWII" prefix.
January
* January 2 – WWII:
** Free France, Free French General Jean de Lattre de Tassigny is appointed to command First Army (France), French Army B, part of the Sixt ...
by
Kazım Taşkent. Assets of the bank include credit cards,
assets under management
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...
, 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 support.
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 1 September 1944) is a Turkish billionaire businessman. 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 ...
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. Koç Finansal Hizmetler (KFH; Koç Financial Services, KFS), was an equal partnership between
Koç Holding
Koç Holding A.Ş. () is a Turkish multinational industrial conglomerate headquartered in Istanbul, Turkey. It operates as the country's largest company, and the only to be listed on the Fortune Global 500 as of 2024. Koç Holding's contributio ...
and Italian banking giant
UniCredit
UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world' ...
. 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. UniCredit finally exited in 2021 by selling its remaining 18 percent stake to Koç Holding. Subsequently the Koç Group held over 60 percent of Yapı Kredi's capital.
In 2024, Yapı Kredi expanded to Germany.
See also
*
Lists of banks
*
List of banks in Turkey
As of March 2024, the total assets of the banking industry in Turkey are 804.3 billion United States dollar, USD. There are 63 banks: 33 deposit, 20 development and investment, 9 participation banks and 1 bank under the supervision of the TMSF.
...
References
External links
Sources
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Banks of Turkey
Companies listed on the Istanbul Stock Exchange
Companies in the BIST 100
Banks established in 1944
Companies based in Istanbul
Koç family
Turkish brands
Turkish companies established in 1944
ÅžiÅŸli
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