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Akbank Şişli Şubesi
Akbank T.A.Ş. is one of the largest banks in Turkey. Founded in 1948, , it had revenues of nearly TL 13.7 billion. Listed on the Borsa Istanbul, its largest shareholders are members of the Sabancı family. Akbank is a bank that offers vehicle loans, housing loans, consumer loans and commercial loans. Akbank has ranked as "The Most Valuable Banking Brand in Turkey" according to the "Brand Finance - Banking 500, 2018" report for the seventh time in a row. Akbank also achieved significant success by ranking as the 126th most valuable banking brand in the report that comprises the most valuable global banking brands. History Akbank was founded in Adana, Turkey in January 1948, originally to provide financing for the cotton producers in the Çukurova region. As the majority of the bank founders were born in the city of Kayseri, the name "Adana-Kayseri Bankası" was chosen, soon to be shortened to its initials AK or Akbank. The founders were Hacı Ömer Sabancı, the industrialist ...
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Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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Çukurova
Çukurova () or the Cilician Plain (''Cilicia Pedias'' in antiquity), is a large fertile plain in the Cilicia region of southern Turkey. The plain covers the easternmost areas of Mersin Province, southern and central Adana Province, western Osmaniye Province and northwestern Hatay Province. Etymology ''Çukurova'' is a portmanteau of the Turkish words "hollow, depression" and "plains". The oldest recorded use of the name in Turkish can be traced back to Aşıkpaşazade's late 15th century work '. The area has also been recorded by an Ottoman ledger dated to 1530 as ''Zulkadriye''. History The region's recorded history dates back over 6,000 years. During the Bronze Age, the region was known as Kizzuwatna. As an area located between the native Hurrian lands of Southeastern Anatolia and the native Luwian lands of the Mediterranean coast of Anatolia, it was a mixed Luwian-Hurrian region. Hence, these two indigenous languages, Luwian and Hurrian were prevalent in Kizzuwa ...
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Erol Sabancı
Erol Sabancı (born 1938) is a billionaire Turkish banker and a member of the Sabancı family. Sabancı is the honorary chairman of Akbank. He has been board member of Akbank since 1963, Turkey's most valuable and profitable bank. Early life Sabancı was born in Akçakaya village in central Turkey near the town of Kayseri in 1938, the fifth son of Hacı Ömer Sabancı, who laid the foundation of one of the greatest fortunes in the world, and Sadıka. Sabancı completed his secondary education at the Tarsus American College. In 1956, he went to England to study at Manchester College of Commerce. Sabancı returned to Turkey in 1958 and the following year joined the army for his two-year military service. Career In 1960, he joined his elder brothers at the holding company as manager of the family flour mill and the financial director of the textile firm Bossa. In 1963, he was elected a board member of Akbank as representative of the Sabancı shares. At that time Akbank, which wa ...
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Malta
Malta ( , , ), officially the Republic of Malta ( mt, Repubblika ta' Malta ), is an island country in the Mediterranean Sea. It consists of an archipelago, between Italy and Libya, and is often considered a part of Southern Europe. It lies south of Sicily (Italy), east of Tunisia, and north of Libya. The official languages are Maltese language, Maltese and English language, English, and 66% of the current Maltese population is at least conversational in the Italian language, Italian language. Malta has been inhabited since approximately 5900 BC. Its location in the centre of the Mediterranean Sea, Mediterranean has historically given it great strategic importance as a naval base, with a succession of powers having contested and ruled the islands, including the Phoenicians and Ancient Carthage, Carthaginians, Romans, Greeks, Arabs, Normans, Aragonese, Knights Hospitaller, Knights of St. John, French, and British, amongst others. With a population of about 516,000 over an ...
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Germany
Germany, officially the Federal Republic of Germany (FRG),, is a country in Central Europe. It is the most populous member state of the European Union. Germany lies between the Baltic and North Sea to the north and the Alps to the south. Its 16 constituent states have a total population of over 84 million in an area of . It borders Denmark to the north, Poland and Czechia to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in what is now Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the ...
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Core Banking
Core banking is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices. Core banking is often associated with retail banking and many banks treat the retail customers as their core banking customers. Businesses are usually managed via the corporate banking division of the institution. Core banking covers basic depositing and lending of money. Core banking functions will include transaction accounts, loans, mortgages and payments. Banks make these services available across multiple channels like automated teller machines, Internet banking, mobile banking and branches. Banking software and network technology allows a bank to centralise its record keeping and allow access from any location. History Core banking became possible with the advent of computer and telecommunication technology that allowed information to be shared between bank branches quickl ...
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Akbank Şişli Şubesi
Akbank T.A.Ş. is one of the largest banks in Turkey. Founded in 1948, , it had revenues of nearly TL 13.7 billion. Listed on the Borsa Istanbul, its largest shareholders are members of the Sabancı family. Akbank is a bank that offers vehicle loans, housing loans, consumer loans and commercial loans. Akbank has ranked as "The Most Valuable Banking Brand in Turkey" according to the "Brand Finance - Banking 500, 2018" report for the seventh time in a row. Akbank also achieved significant success by ranking as the 126th most valuable banking brand in the report that comprises the most valuable global banking brands. History Akbank was founded in Adana, Turkey in January 1948, originally to provide financing for the cotton producers in the Çukurova region. As the majority of the bank founders were born in the city of Kayseri, the name "Adana-Kayseri Bankası" was chosen, soon to be shortened to its initials AK or Akbank. The founders were Hacı Ömer Sabancı, the industrialist ...
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Basel III
Basel III is the third Basel Accord, a framework that sets international standards for bank capital adequacy, stress testing, and liquidity requirements. Augmenting and superseding parts of the Basel II standards, it was developed in response to the deficiencies in financial regulation revealed by the financial crisis of 2007–08. It is intended to strengthen bank capital requirements by increasing minimum capital requirements, holdings of high quality liquid assets, and decreasing bank leverage. Basel III was published by the Basel Committee on Banking Supervision in November 2010, and was scheduled to be introduced from 2013 until 2015; however, implementation was extended repeatedly to 1 January 2022 and then again until 1 January 2023, in the wake of the COVID-19 pandemic. The new standards that come into effect in January 2023, that is, the Fundamental Review of the Trading Book (FRTB) and the Basel 3.1: Finalising post-crisis reforms, are sometimes referred to as B ...
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Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant #Citicorp, Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is Delaware General Corporation Law, incorporated in Delaware. Citigroup is the List of largest banks in the United States, third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board and is commonly cited as ...
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Aksigorta
Aksigorta is an insurance company in Turkey, belonging to Sabancı Holding in partnership with Belgian insurer Ageas, an international insurance company with more than 180 years experience in the sector. Ageas has acquired a 31% stake in Aksigorta, paying USD 220 million for shares previously owned by Sabancı Holding. As a result of this acquisition, Ageas and Sabancı Holding now have equal control of the company. Area of activity Founded in 1960 in the cities of Adana and Istanbul to serve companies within the Sabancı Group, Aksigorta is today one of Turkey's leading insurance companies. Aksigorta operates throughout Turkey with 578 employees, 1,500 independent agencies, 30 brokerage houses, the 900 branches of sister company Akbank, and a network of nearly 4,500 contracted institutions. Board of directors Social responsibility The “Risk And Safety” art project Aksigorta's second biggest social responsibility project Works based on the ‘Risk and Safety’ theme ...
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Beyoğlu
Beyoğlu (, ota, بك‌اوغلی, script=Arab) is a district on the European side of İstanbul, Turkey, separated from the old city (historic peninsula of Constantinople) by the Golden Horn. It was known as the region of Pera (Πέρα, meaning "Beyond" in Greek) surrounding the ancient coastal town Galata which faced Constantinople across the Horn. Beyoğlu continued to be named Pera during the Middle Ages and, in western languages, into the early 20th century. According to the prevailing theory, the Turkish name of Pera, ''Beyoğlu'', is a modification by folk etymology of the Venetian title of '' Bailo'', whose mansion was the grandest structure in this quarter. The informal Turkish-language title ''Bey Oğlu'' (literally ''Son of a Bey'') was originally used by the Ottoman Turks to describe Lodovico Gritti, Istanbul-born son of Andrea Gritti, who was the Venetian Bailo of Constantinople during the reign of Sultan Bayezid II (r. 1481–1512) and was later elected Dog ...
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Akbank Sanat
Akbank Sanat is an art center founded by the Turkish bank Akbank in 1993. The art center is located in Beyoğlu, İstanbul and organizes over 700 events every year. The Center and Its Events Akbank Sanat is located in Beyoğlu and consists of 6 floors. The entrance and the first floor host have hosted 150 contemporary art exhibitions to date. The second floor has a conference hall which can host 125 people. The Akbank Short Film Competition, concerts, plays and lectures are regularly hosted in the hall. On the third floor, there is an art workshop for plastic artists. A library and a cafeteria are located on the fourth floor, and the sixth floor is utilised for dance lessons. Akbank Short Film Festival Akbank Short Film Festival, is a short film festival organised by Akbank since 2005. The movies which gain a prize from the competition are demonstrated in various cities and universities around Turkey. Akbank Jazz Festival Akbank Jazz Festival first took place in 1991 as a ...
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