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Top-performing Akbank mulls joint venture

Headline: Top-performing Akbank mulls joint ventureSource: EuromoneyDate: November 2001         Erol Sabanci JPMorgan calls Akbank “The Rock” and “our top pick”. Merrill Lynch praises “its solid outperformance of the market” and its “sizeable liquidity and strong liability structure”. Rating agency Fitch reports that among the five major Turkish banks it is the […]

January 1, 2000

Headline: Top-performing Akbank mulls joint venture
Source: Euromoney
Date: November 2001

       
Erol Sabanci
JPMorgan calls Akbank “The Rock” and “our top pick”. Merrill Lynch praises “its solid outperformance of the market” and its “sizeable liquidity and strong liability structure”. Rating agency Fitch reports that among the five major Turkish banks it is the only one that “is fully reserved for non-performing loans”.

As Turkey’s banking crisis continues unabated, Akbank, the crown jewel of the ultra-rich Sabanci family, emerges on top.





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