AKBTY Akbank TAS featured news, full reports, and detailed charts
Akbank TAS (AKBTY/AKBTY.PK) Wrap Up:
Akbank T.A.S., together with its subsidiaries, offers retail, commercial, corporate, and private banking services; and international trade finance services primarily in Turkey. The company offers consumer loans, including mortgages; personal loans, such as home improvement, education, marriage, and personal loans for professionals; and car loans, as well as provides small business loans; deposit and current accounts; debit and credit cards; and mutual funds. It also provides bank cards, investment funds trading, automatic payment, safe deposit box rentals, cheques, investment banking, and telephone and Internet banking services. In addition, the company offers working capital loans, medium-term financing for investments, foreign trade financing, letters of credit and guarantee, foreign currency trading, corporate finance services, and cash and deposit management services, as well as collection and payment services, and liquidity and information management services, and project finance loans to corporate and commercial customers. Further, it provides treasury, foreign currency and Turkish lira clearances, and money transfer services, as well as insurance agency, leasing, brokerage, and portfolio management services. As of December 31, 2008, the company operated 867 branches in Turkey and 1 branch internationally. Akbank was founded in 1948 and is headquartered in Istanbul, Turkey.Akbank TAS (AKBTY:OTC)
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Market Cap
18.8B
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Total Revenue
5.0B
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EBITDA
--
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DILUTED EPS TTM
0.44
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P/E
18.4x
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P/S
1,434.7x
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Return On Asset
2.48
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Return On Equity
18.36
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| K = Thousands M = Millions B = Billions | ||
AKBTY Top Compensated Officers
Executives, Board Directors
Key developments for Akbank TAS (AKBTY)
Akbank T.A.S. announced that it had a net profit of TRY 2 billion (approximately $1.3 billion) in the first nine months of 2009. The bank's net profit in the same period of 2008 was TRY 1.3 billion (approximately $860 million). Net profit of the bank was up 51% in the first nine months of 2009, over the same period of 2008.
Akbank T.A.S. reported consolidated earnings results for the second quarter and first half of 2009. For the quarter, the company reported net profit increased by 49.6% to TRY 740 million, compared with a net profit of TRY 495 million in the same period of last year. For the first half, the company reported consolidated net profit of TRY 1.3 billion ($879 million). The bank's net profit was TRY1.2 billion in the corresponding period of 2008.
Akbank T.A.S. has said that it has appointed Ziya Akkurt as its new general manager. The bank has said that former general manager Zafer Kurtul was named deputy chairman of the executive board after his predecessor Akin Kozanoglu retired. Akkurt was deputy general manager of corporate and commercial banking at Akbank.
AKBTY Competitors
| Company | Last | Change | |
| No competitor information is available for AKBTY. | |||
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Industry Analysis
| Valuation | AKBTY | Industry Range |
| Price/Earnings | 18.4x |
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| Price/Sales | 1,434.7x |
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| Price/Book | 527.6x |
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| Price/Cash Flow | 10.6x |
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| TEV/Sales | NM | Not Meaningful |
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AKBTY |
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AKBTY transactions
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| No transactions in the last 6 months. | ||