OTCMKTS:AKBTY - Akbank Stock Price, Price Target & More

Akbank T.A.S. provides various banking products and services. It operates through three segments: Consumer Banking; Commercial Banking, SME Banking, and Corporate-Investment and Private Banking; and Treasury. The company's consumer banking services comprise deposit accounts, consumer loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfers, investment banking, and telephone and Internet banking. It also offers services to corporate and commercial customers that include Turkish Lira (TL) and foreign currency denominated working capital loans, foreign trade financing, derivative instruments for hedging purposes of foreign currency and interest risk, letters of credit, foreign currency trading, corporate finance, and deposit and cash management services, as well as project finance loans. In addition, the company engages in treasury activities consisting of TL and foreign currency spot and forward transactions, treasury and government bonds, Eurobonds, and private sector bond transactions, as well as derivative trading activities; marketing and pricing activities related treasury products; and the provision of long-term funding services, creating funding facility that reflects country risk, diversifying funding resources, and creating a base of international investors. Further, it engages in leasing activities. As of December 31, 2017, the company operated 800 branches in Turkey and 1 branch internationally. Akbank T.A.S. was founded in 1948 and is headquartered in Istanbul, Turkey.