Milestones
Akbank, was founded in Adana in January 1948, originally to provide financing for the cotton producers in the region. Growing and developing over time, the Bank opened its first branch in Istanbul in the Sirkeci district on July 14, 1950; in 1954, it relocated its Headquarters to Istanbul. Rapidly increasing the number of its branches, Akbank automated all banking operations in 1963.
Akbank established Ak Securities in 1996, Ak Investment Fund in 1998, Ak Asset Management Company and its Private Banking Department in 2000. Akbank established Ak Pension Fund in 2003 and incorporated Ak Lease in 2005. In February 2006, Ak Pension Fund was sold to the Aksigorta insurance company.
Akbank has been conducting overseas activities through its subsidiaries in Germany (Akbank A.G.) and the Netherlands (Akbank N.V.), Dubai (Akbank Dubai Limited) and a branch in Malta.
In 2010, Akbank will finance the Ilisu Dam.
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