Yapı Kredi

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.[9]

Yapı ve Kredi Bankası A.Ş.
TypeAnonim Şirket
BİST: YKBNK
IndustryBanking, Financial services
Founded1944 (1944)
Headquarters
Büyükdere Avenue, Zincirlikuyu, Levent, Beşiktaş, Istanbul
,
Turkey
Number of locations
846 branches (2019)[1]
Area served
Worldwide
Key people
Ali Yıldırım Koç (Chairman)[2]
Gökhan Erün (CEO)[3]
ProductsFinancial services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking
RevenueIncrease ₺21.2 billion (2019)[4]
Decrease ₺4.3 billion (2019)[5]
Decrease ₺3.6 billion (2019)[4]
Total assetsIncrease ₺411.2 billion (2019)[1]
Total equityIncrease ₺41.2 billion (2019)[6]
Number of employees
16,631 (2019)[7]
Subsidiaries
List
  • Yapı Kredi Bank Moscow
    Yapı Kredi Bank Nederland N.V.
    Yapı Kredi Bank Azerbaijan
    Yapı Kredi Sigorta A.Ş.
    Yapı Kredi Emeklilik A.Ş.
    Yapı Kredi Holding B.V.
    Yapı Kredi Yatırım Menkul Değerler A.Ş.
    Yapı Kredi Faktoring A.Ş.
    Yapı Kredi Finansal Kiralama A.O.
    Yapı Kredi Portföy Yönetimi A.Ş.
    Yapı Kredi-Koray Gayrimenkul Yatırım Ortaklığı A.Ş.
    Yapı Kredi Yatırım Ortaklığı A.Ş.
    Yapı Kredi Kültür-Sanat Yayıncılık Ticaret ve Sanayi A.Ş.[8]
Websitewww.yapikredi.com.tr

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's Çukurova Holding in 1984, and Hüsnü Özyeğin 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.[10] 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 and Italian banking giant UniCredit. In 2006 Koçbank was merged into Yapı Kredi, leaving 80% of Yapı Kredi owned by KFS.[11] In November 2019 Unicredit exited the joint venture KFS which controls the bank and acquired a smaller stake in the company.[12]

See also

References
  1. Yapı Kredi 2019 Annual Report Report 2019 2019, p. 14.
  2. Yapı Kredi 2019 Annual Report Report 2019 2019, p. 2.
  3. Yapı Kredi 2019 Annual Report Report 2019 2019, p. 4.
  4. Yapı Kredi 2019 Annual Report Report 2019 2019, p. 17.
  5. Yapı Kredi 2019 Annual Report Report 2019 2019, p. 138.
  6. Yapı Kredi 2019 Annual Report Report 2019 2019, p. 135.
  7. Yapı Kredi 2019 Annual Report Report 2019 2019.
  8. "Subsidiaries – Yapı ve Kredi Bankası A.Ş." Retrieved June 28, 2012.
  9. Gazete, Banka (21 November 2021). "2. el taşıt kredisinde Yapı Kredi yaş sorununa çözüm sağladı!". Gazetebanka.com. p. https://gazetebanka.com/. Retrieved 21 November 2021.
  10. Turkish Daily News, 4 February 2003, Watchdog reaches final accord with Cukurova over banks
  11. Hurriyet Daily News, 10 May 2006, YKB goes into the black on eve of merger with Koçbank
  12. "UniCredit agrees to cut stake in Turkey's Yapi Kredi to below 32%". Reuters. 30 November 2019.

Sources


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