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Akbank
Akbank T.A.Ş. is one of the largest banks in Turkey. Founded in 1948, , Akbank reported a consolidated net profit of TL 60 billion 26 million. Listed on the Borsa Istanbul, its largest shareholders are members of the Sabancı family. Akbank serves in the fields of corporate and investment banking, commercial banking, SME banking, consumer banking, payment systems, private banking, investment services and treasury transactions. 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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 a 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Hacı Ömer Sabancı
Hacı Ömer Sabancı (1 January 1906 – 2 February 1966) was a Turkish entrepreneur, who founded a number of companies, which later formed the second largest industrial and financial conglomerate of Turkey, the Sabancı Holding. He initiated the establishment of a dynasty of Turkey's wealthiest businesspeople. Early life He was born the small Akçakaya village, in Kayseri in central Anatolia, Turkey. In 1921, a couple of years after the death of his father, the then fifteen-year-old youngster left his hometown and walked all the way to Adana to seek his fortune. Career Hacı Ömer started his new life as a cotton picker. In Adana he took part in the confiscation of Armenian property and businesses after the Armenian genocide, which was encouraged by the Turkish government. Soon, he became a broker for cotton harvesters. With the money he saved in a few years, Hacı Ömer entered the cotton trade, and in 1932 became a co-owner of a cotton spinning plant. At that time, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Sabancı Family
The Sabancı family is one of the wealthiest families in Turkey. The family's main business entity was founded by Hacı Ömer Sabancı in the 1930s. Hacı Ömer Sabancı, the progenitor of the Sabancı family, moved from his native Kayseri to Adana in the early 1920s. The family's wealth came from the business ventures established by Hacı Ömer Sabancı in the 1930s, starting with his cotton trading and textile enterprises in Adana, Turkey. After moving from Kayseri to Adana in the early 1920s, Hacı Ömer began as a laborer in cotton plantations before leveraging his skills to start a modest commercial enterprise. Over time, his sons, particularly Sakıp Sabancı and his brothers, built upon this foundation, establishing Sabancı Holding, which controls over 60 companies across diverse sectors including financial services (notably Akbank), energy, cement, retail, and industrial sectors. The conglomerate's partnerships with global firms like Bridgestone, DuPont, and Carrefour furt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Borsa Istanbul
The Borsa İstanbul (abbreviated as BIST) is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE) (), the Istanbul Gold Exchange () and the Derivatives Exchange of Turkey () under one umbrella. It was established as an incorporated company with a founding capital of 423,234,000 (approx. US$240 million) on April 3, 2013, and began to operate on April 5, 2013. Its slogan is ''worth investing''. Shareholders of Borsa İstanbul in 2013 were: 49% Government of Turkey, 41% IMKB, 5% VOB, 4% IMKB members, 1% IMKB brokers and 0.3% IAB members. It is planned that all the Government-owned shares will be offered for sale. Among the executives of the nine-member board of directors, which is presided by chairman Himmet Karadağ, are former deputy chairman of ISE Osman Akyüz, former head of VOB Işınsu Kestelli, Merrill Lynch Investment Bank General Manager Hüseyin Kelezoğlu and Chairman of Turkish Association of Capital Market Intermediary Institutions A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Institutional Investor
An institutional investor is an entity that pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked companies, insurers, pension funds, sovereign wealth funds, charities, hedge funds, real estate investment trusts, investment advisors, endowments, and mutual funds. Operating companies which invest excess capital in these types of assets may also be included in the term. Activist institutional investors may also influence corporate governance by exercising voting rights in their investments. In 2019, the world's top 500 asset managers collectively managed $104.4 trillion in Assets under Management (AuM). Institutional investors appear to be more sophisticated than retail investors, but it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Global Finance (magazine)
''Global Finance'' is an English-language monthly financial magazine. The magazine was founded in 1987 by a team consisting of Joseph D. Giarraputo, the founder and former publisher of '' Venture'', Carl G. Burgen, Stephan Spahn, H. Allen Fernald, and Paolo Panerai. The magazine covers the topic of financial globalization and targets Chairmen, CEOs, Presidents, CFOs, Treasurers, and other financial officers. The magazine is circulated in 158 countries and has 50,050 subscribers and recipients worldwide, BPA Worldwide certified. Global Finance Media, Inc.'s majority shareholder is Class Editori Group SpA, an Italian publishing company that produces two financial newspapers, lifestyle magazines, news agencies, digital televisions, etc. Joseph D. Giarraputo is the second-largest shareholder. ''Global Finance'' has offices in New York, London, Milan, and Rio de Janeiro. Features ''Global Finance'' covers topics related to the international finance industry, including corpo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Euromoney
''Euromoney'' is an English-language monthly magazine focused on business and finance. First published in 1969, it is the flagship production of Euromoney Institutional Investor plc. History and profile ''Euromoney'' was first published in 1969 by Sir Patrick Sergeant. It is part of Euromoney Institutional Investor, an international business-to-business media group focused primarily on the international finance industry. The group became a public company in 1986, and is listed on the London Stock Exchange as Euromoney Institutional Investor PLC. The headquarters of the magazine is in London. Sergeant continued to manage the business until 1985 and remains as co-president of the company. Daily Mail and General Trust plc is the largest shareholder in the company. DMGT's principal shareholder, Jonathan Harmsworth, 4th Viscount Rothermere, is co-president of Euromoney Institutional Investor. ''Euromoney'' covers global banking, macroeconomics and capital markets, including de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Basel III
Basel III is the third of three Basel Accords, a framework that sets international standards and minimums for bank capital requirements, Stress test (financial), stress tests, liquidity regulations, and Leverage (finance), leverage, with the goal of mitigating the risk of bank runs and bank failures. It was developed in response to the deficiencies in financial regulation revealed by the 2008 financial crisis and builds upon the standards of Basel II, introduced in 2004, and Basel I, introduced in 1988. The Basel III requirements were published by the Basel Committee on Banking Supervision in 2010, and began to be implemented in major countries in 2012. Implementation of the Fundamental Review of the Trading Book (FRTB), published and revised between 2013 and 2019, has been completed only in some countries and is scheduled to be completed in others in 2025 and 2026. Implementation of the Basel III: Finalising post-crisis reforms (also known as Basel 3.1 or Basel III Endgame), int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and The Travelers Companies, Travelers; Travelers was spun off from the company in 2002. Citigroup is the List of largest banks in the United States, third-largest banking institution in the United States by assets; 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 being "too big to fail". It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500, ''Fortune'' 500, and was ranked #24 in Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Sirkeci
Sirkeci () is a neighborhood in the Eminönü quarter of the Fatih district in Istanbul, Turkey. In the Byzantine Empire, Byzantine period, the area was known as Prosphorion Harbour, Prosphorion ().Müller-Wiener (1977), p. 57 The neighborhood borders to the north the mouth of the Golden Horn, to the west the neighborhood of Bahçekapı, to the east the Topkapı Palace area, and to the south the Cağaloğlu neighborhood. It hosts the Sirkeci railway station, the easternmost terminus of the Orient Express, a historic long-distance passenger train service in Europe that operated between Paris and Istanbul in the period between 1883 and 2009. The neighborhood consists mostly of commerce, commercial and tourist-oriented buildings. A combination of small shops, hans (larger workshops) and offices intermingle with boutique hotels, traditional Turkish restaurants, Turkish and foreign-language bookstores, and tourist offices. Accommodation In recent years, Sirkeci has become one of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
