257:, based in Istanbul. Koç Holding acquired a 51% stake in the bank in 1986, renaming it Koç-American Bank, and in 1992 the bank became a wholly owned subsidiary of Koç Holding, and was renamed as Koçbank A.Ş. It grew to be one of the most important institutions in the sector with its young history and its financial subsidiaries established in a short term to address the financial needs of its customers.
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Following the merger in
October 2006, 80.2% of Yapı Kredi was owned by KFS while minorities’ stake in the bank was 19.8%. Following the completion of the share exchange between KFS and Yapı Kredi in October 2007 for the transfer of the shares owned by KFS in YK Leasing, YK factoring and YK Azerbaijan
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Following the decision of the Koç Group to expand in the financial sector, Turkey's first financial holding company, Koç Financial
Services (KFS), was established in March 2001 as a management company and all the financial companies owned by the Koç Group, including Koçbank, were united under this
273:(UCI), a leading international banking group of Italian origin present in 20 countries. In October 2002, the Koç Group and UniCredit signed a partnership agreement and became 50/50 shareholders in KFS; making KFS the first foreign partnership to be established in the financial sector in Turkey.
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Following the legal merger, Yapı Kredi is positioned as the fourth largest privately owned commercial bank by asset size in Turkey, with interest in credit cards, assets under management, non-cash loans, leasing, factoring, private pension funds and non-life insurance. The combined KFS Group's
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On 29 September 2005, Koçbank enhanced its position in the
Turkish banking market with the acquisition of 57.4% of the share capital of
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in 2006. At the time Koçbank was owned by, Koç Finansal
Hizmetler (KFH; Koç Financial Services, KFS), an equal partnership between
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to Yapı Kredi, the ownership of KFS in Yapı Kredi increased to 81.8% while the minorities share has changed to 18.2%.
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financial services network now consists of over 13 million customers and 684 branches across the country.
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Yapı Kredi raises capital to YTL 3.2 bln to become largest paid-in capital bank
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In 2003 Koçbank had 143 branches, including branches in
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YKB goes into the black on eve of merger with Koçbank
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Restructuring and UniCredit partnership (2001 - 2006)
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378:Companies listed on the Istanbul Stock Exchange
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106:Learn how and when to remove this message
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398:Turkish companies established in 1981
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277:Merger with Yapı Kredi (2005 - 2006)
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253:Koçbank was founded in 1981 as the
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388:Banks disestablished in 2006
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226:and Italian banking giant
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283:Yapı ve Kredi Bankası
255:American Express Bank
220:Yapı ve Kredi Bankası
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324:Hurriyet Daily News
309:Hurriyet Daily News
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96:November 2006
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38:Please help
33:verification
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239:Netherlands
224:Koç Holding
186:Koç Holding
362:Categories
297:References
266:umbrella.
235:Azerbaijan
66:newspapers
271:UniCredit
228:Unicredit
55:"Koçbank"
199:.kocbank
249:History
243:Bahrain
212:Koçbank
192:Website
151:Defunct
143:Founded
119:Koçbank
80:scholar
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