Akbank granted license to operate from DIFC

Notes and media contacts

About Akbank:
Akbank is the most valuable bank and company in Turkey in terms of market capitalization, with an asset size around $65bn. The Bank partners with its clients by providing best-in-class financial products and services to create outstanding value for all its stakeholders through a strong and extensive national distribution network, comprising over 877 branches and over 14,500 employees. Akbank's strong capital base, good risk management practices, stable deposit structure, excellent profitability and asset quality, and robust growth in total assets have positioned Akbank among the most valuable financial services institutions across Europe. Believing that a nation's enlightenment depends on gaining new perspectives across diverse areas, Akbank is firmly committed to investing in society as part of its Corporate Social Responsibility to create sustainable, long-term value to all its stakeholders. Akbank strongly upholds this commitment in its day-to-day activities, business processes and the various projects it supports in arts, sports, environment, education and innovation.


About DIFC:
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just five years, over 850 firms have registered at DIFC. They operate in an open environment complemented with world-class regulations and standards. DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

Contact:
Paul Estorffe
Media Manager
Rawaj International FZ -LLC
Dubai Media City
Building 2, Office No.403
P.O.Box. 502016
Dubai U.A.E.
T: +971 4 3913562
F: +971 4 3913564