About Akbank
Akbank is a company based in Istanbul (Turkey) founded in 1948.. The company has 13,480 employees as of December 31, 2024. Akbank has completed 1 acquisition, including Turk Telekom. Akbank operates in a competitive market with competitors including UniCredit, Scotiabank, Fibabanka, Bank of America and Garanti BBVA, among others.
- Headquarter Istanbul, Turkey
- Employees 13480 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Akbank T.A.S.
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Annual Revenue
$17.22 B (USD)89.46as on Dec 31, 2024
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Net Profit
$1.2 B (USD)-36.29as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$245.5 M (USD), Debt – Conventional
Apr 13, 2023
- Investors
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Employee Count
13480
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Akbank
Akbank is a publicly listed company on the BIST with ticker symbol AKBNK in Turkey, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Akbank
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $245.5M
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First Round
First Round
(11 Jan 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Debt – Conventional - Akbank | Valuation |
investors |
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| Mar, 2018 | Amount | Debt – Conventional - Akbank | Valuation |
investors |
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| Jan, 2007 | Amount | Post-IPO - Akbank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Akbank
Akbank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Citi. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified financial services are offered through commercial banking operations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Akbank
Akbank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Turk Telekom. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Internet, television, and telephony services are provided in Turkey.
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1840 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Akbank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akbank Comparisons
Competitors of Akbank
Akbank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UniCredit, Scotiabank, Fibabanka, Bank of America and Garanti BBVA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Multiple consumer banking services are provided by Garanti BBVA.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Akbank
Frequently Asked Questions about Akbank
When was Akbank founded?
Akbank was founded in 1948 and raised its 1st funding round 59 years after it was founded.
Where is Akbank located?
Akbank is headquartered in Istanbul, Turkey.
How many employees does Akbank have?
As of Dec 31, 2024, the latest employee count at Akbank is 13,480.
What is the annual revenue of Akbank?
Annual revenue of Akbank is $17.22B as on Dec 31, 2024.
What does Akbank do?
Akbank was founded in 1948 and is headquartered in Istanbul, Turkey, where it operates as a commercial bank. Services provided include investment banking, commercial banking, SME banking, retail banking, treasury operations, private banking, and international banking for individuals and businesses. Primary markets encompass Turkey, Germany, UAE, and Malta. In 2022, annual revenues of 7.39B were recorded, alongside a net profit of 1.36B.
Who are the top competitors of Akbank?
Akbank's top competitors include Scotiabank, Bank of America and Garanti BBVA.
Is Akbank publicly traded?
Yes, Akbank is publicly traded on BIST under the ticker symbol AKBNK.
How many acquisitions has Akbank made?
Akbank has made 1 acquisition, including Turk Telekom.
Who are Akbank's investors?
Akbank has 1 investor. Key investors include Citi.
What is Akbank's ticker symbol?
The ticker symbol of Akbank is AKBNK on BIST.
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