The Bank is an economic institution that accepts deposits, seeks to use these deposits in various loan transactions in the most efficient way, or whose main activity is to receive or lend loans regularly.
Throughout the world, the banking system provides a wide range of financial services to individuals and businesses. While the banking system initially served mostly institutions and organizations, II. The discovery of individuals together with the understanding of the consumer society that started and developed after the World War II increased the competition in the financing world, which has a dynamic structure, and became the basis for the formation of the concept of ‘Retail Banking’ within the banking systematic. In Turkey since 1980, this concept has been replaced in the financial services market with the launch of consumer credit.
The consumer loans market, which was created with the aim of benefiting especially middle-income consumers from financial services, has continued its development with an increasing momentum from the beginning due to the intense competition created by banks and non-bank institutions, the awareness of the consumer and the increase in the living standards of individuals.
In our country, in recent years, especially after the economic stabilization measures taken at the beginning of 2000, as a result of the slowdown in the inflation rate, the amount of consumer loans extended by the banks has increased significantly. Banks attach great importance to extending consumer loans due to the low risk compared to other loan types.
INTRODUCTION OF THE BANK
Founded in 1948, Akbank today in terms of assets (excluding affiliates market valuation) is Turkey’s largest private sector bank. In 2000, Akbank ranked among the top 500 banks in the world in the ranking of Banker Magazine in terms of asset and equity size. In addition, banks 1992, 1993 and Euromoney magazine in 1998, “Turkey’s Best Bank” has been the award. In addition to basic banking services, Akbank offers retail, corporate, private banking and international trade financing services.