Abank

Alternatifbank A.Ş.
Public
Traded as BİST: ALNTF
Industry Finance and Insurance
Founded Istanbul, Turkey 1991
Headquarters Istanbul, Turkey
Number of locations
 65 Branches (2012) in Turkey
Key people
 Tuncay Özilhan, (Chairman)
Hamit Aydoğan, (CEO)[1]
Products Banking
Investment banking
Investment management
Parent Anadolu Grubu
Website www.abank.com.tr

Abank (Alternatifbank A.Ş.) is a Turkish bank with headquarters in Istanbul.

History

The bank was founded in 1991 by the Doğan Grubu and was enlisted in 1995 with 20% of its shares at the Istanbul Stock Exchange. In 1996, 80% the bank was acquired by Anadolu Grubu, later the share of the group rose to 96%.[2]

In 2006, Alpha Bank, a Greek bank, proposed to acquire roughly half of Abank's shares.[3][4]

The group was eventually acquired by The Commercial Bank of Qatar on 18 July 2013 and renamed ABank.[5]

References

  1. ↑ "ABANK A.S. - Board Of Directors". Abank.com.tr. Retrieved 2010-05-03.
  2. ↑ "About Abank A.Ş". Abank.com.tr. Retrieved 2010-05-03.
  3. ↑ "Special Supplement: Greece - Branching Out - With Rising Demand From The Underbanked 'new' European States, There Are Great Opportunities For Greek Banks Intent On Expansion.". The Banker (Anadolu has spun off Alternatif Bank, its banking subsidiary, into a holding company with Alpha as a 50% partner. Alpha will contribute $492m in cash to ...). 1 May 2007. Retrieved 3 May 2010.
  4. ↑ AFX News Limited (8 August 2007). "Greek Alpha Bank takeover of 47 pct Turkey's Alternatif Bank blocked - brokers". Forbes. Archived from the original on 16 Nov 2011. Retrieved 3 May 2010.
  5. ↑ http://wwweng.abank.com.tr/eng/investor-relations


This article is issued from Wikipedia - version of the Monday, February 29, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.