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AKBNK.IS on Istanbul Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Akbank proposes to pay FY 2016 dividend of net 0.19125 lira/share
Monday, 27 Feb 2017 09:58am EST 

Akbank : Proposes to pay FY 2016 dividend of gross 0.225 lira ($0.0626) net 0.19125 lira per share . Proposes gross 200.0 million lira equal to 5 percent of the paid-in capital of the Bank as of 31st December 2016 which is 4.00 billion lira will be allocated as primary cash gross dividend . Proposes gross 700.0 million lira will be allocated as secondary cash gross dividend . Total gross dividend of TL 900.0 million lira equal to 22,5 percent of the paid in capital, will be distributed to shareholders .Proposes 2016 cash dividend distribution to start from 30th of March, 2017.  Full Article

Akbank says agreement not reached in collective bargaining talks with BANKSIS
Thursday, 16 Feb 2017 05:56am EST 

Akbank T.A.S :Says agreement could not be reached during negotiations with The Bank and Insurance Employees Union (BANKSIS) for collective bargaining agreement in legal mediation phase.  Full Article

Akbank 2016 net profit jumps to 4.53 billion lira
Tuesday, 31 Jan 2017 10:19am EST 

Akbank : FY 2016 net profit of 4.53 billion lira ($1.20 billion) versus 2.99 billion lira year ago . FY 2016 net interest income of 7.95 billion lira versus 7.19 billion lira year ago . FY 2016 net fee and commission income of 2.40 billion lira versus 2.35 billion lira year ago .Non-performing loss at the end of 2016 is 4.27 billion lira versus 3.37 billion lira at the end of the 2015.  Full Article

Turkey's Akbank says to issue up to 10 billion lira in debt in domestic market
Tuesday, 23 Aug 2016 10:26am EDT 

Akbank Tas says: To issue up to 10 billion lira in debt in domestic market Further company coverage: [AKBNK.IS] (Istanbul newsroom) ((Istanbul.newsroom@thomsonreuters.com; +90 212 350 7122;)).  Full Article

Akbank TAS signs dual-tranche syndicated loan for trade finance - Reuters
Friday, 18 Mar 2016 06:34am EDT 

Akbank TAS:Has signed a 367-day, dual tranche syndicated loan agreement of $370.4 million and 783.5 million euro​- Reuters.‍All-in cost for each tranche is Libor + %0.85 and Euribor + %0.75 respectively.‍Loan will be used for trade finance purposes.  Full Article

Akbank TAS to issue debt instruments up to $4 billion and 1 billion euros
Wednesday, 4 Nov 2015 08:57am EST 

Akbank TAS:Gives mandate to issue borrowing instruments in international markets worth up to $4 billion.Plans to issue borrowing instruments worth up to 1 billion euro.  Full Article

Akbank TAS to issue debt worth up to 10 billion turkish lira
Tuesday, 18 Aug 2015 10:00am EDT 

Akbank TAS:Mandates Board to issue debt worth up to 10 billion turkish lira in domestic market.  Full Article

Akbank TAS Mandates banks to renew 1 year syndicated loan total of $1.3 billion
Tuesday, 11 Aug 2015 10:52am EDT 

Akbank TAS:Mandated consortium of banks to renew 1 year syndicated loan of $368 million and 851 million euro, for total of $1.3 billion.  Full Article

Akbank TAS signs partnership agreement in India
Wednesday, 5 Aug 2015 06:49pm EDT 

Akbank TAS:Says has signed a partnership agreement with India's biggest bank State Bank of India to support trade and investment activities between both countries.Sees partnership in several fields including investment banking, asset management and large infrastructure projects.  Full Article

Akbank TAS has secured $275 mln 3-year loan
Thursday, 9 Jul 2015 06:59am EDT 

Akbank TAS:Has obtained a 3 year syndicated loan facility in the amount of $275 million.The margin of the facility is LIBOR + 1,50%.The facility allows the total loan amount to be increased until drawdown date.  Full Article

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UPDATE 2-Turkey's Akbank says systems back online after technical disruption

ISTANBUL, March 27 Turkey's Akbank said on Monday its systems were back online following technical problems that sources said prevented transactions for several hours at the country's third-largest listed lender.