Yapı Kredi is one of the first nationwide commercial banks in Turkey, and is the fourth largest publicly owned bank in Turkey by its asset size. It was established in 1944 by Kazım Taşkent . Assets of the bank include credit cards, assets under management , non-cash loans, leasing, factoring, private pension funds and non-life insurance. The combined financial services network of the bank consists of 835 branches across the country with over 13 million customers. The bank offers vehicle loans, consumer loans, housing loans and commercial loan support.
6-579: Yapı Kredi Emeklilik A.Ş is one of the largest pension and life insurance providers in Turkey and has been a major force in the growth and development of pension schemes and group insurance in the country. Its sister company, Yapı Kredi Sigorta A.Ş., is the second-largest health insurer in Turkey. Together, the companies provide coverage to approximately 700,000 insureds. Yapı Kredi was acquired by Mehmet Emin Karamehmet 's Çukurova Holding in 1984, and Hüsnü Özyeğin
12-537: A degree in Economics . After graduation, Karamehmet returned to his hometown Tarsus , where his father was the head of the local chamber of commerce, and established his first company with the capital of 100.000 TL. In the following years, he started to get more involved in the family company and initiated his own company, Cukurova Holding , which became a conglomerate through the years. Current wealthiest man of Turkey according to Forbes Billionaires list Hüsnü Özyeğin
18-451: Is a classmate of Karamehmet. Karamehmet assigned him as the CEO of his bank at the age of 32, which made Özyeğin the youngest CEO of a Turkish bank and paved the way for his career. Karamehmet, via his holding company Cukurova, owns a share in the biggest telecommunication company Turkcell , which constitutes the largest share of his wealth. This business-related Turkish biographical article
24-412: Is the chairman of Turkey 's Çukurova Holding conglomerate . He was ranked the 2nd wealthiest person in Turkey and the 401st globally in 2012 Forbes Billionaires list . He is one of the most influential and successful businessmen in Turkey with a record of several returns after failures. Karamehmet has graduated from Robert College and earned his Bachelors from Dover College , Kent UK , with
30-534: Was its general manager until 1987. In 2003, Çukurova Holding reached an agreement with the Turkish bank regulator to sell the majority of its shares in Yapı Kredi within two years. In 2005, the majority of shares in Yapı Kredi were acquired by the owners of Koçbank . Koç Finansal Hizmetler (KFH; Koç Financial Services, KFS), was an equal partnership between Koç Holding and Italian banking giant UniCredit . In 2006, Koçbank
36-487: Was merged into Yapı Kredi, leaving 80% of Yapı Kredi owned by KFS. In November 2019 Unicredit exited the joint venture KFS which controls the bank and acquired a smaller stake in the company. In 2024 it expanded to Germany. This Turkish corporation or company article is a stub . You can help Misplaced Pages by expanding it . Mehmet Emin Karamehmet Mehmet Emin Karamehmet (born 1 April 1944)
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