- - -i

History

Established in 1944 as Turkey’s first retail focused private bank with a nationwide presence, Yapı Kredi has always played a pioneering role in the banking sector.

In 2006, merger of Yapı Kredi and Koçbank (together with the two banks’ core subsidiaries operating in the same sectors) was completed.

In 2007, the segment based service model was completed and the launch of branch expansion started.

Starting with 2013, the Bank continued effective liquidity management via balanced growth in loans and deposits.

Between 2015 and 2017, there has been excessive investment on IT and digitalization to set the base for the coming years.

In 2018, the bank announced its strategic priorities of focusing on small tickets and transaction banking, efficiency management, and rock-solid asset quality together with risk appetite. Meanwhile the balance sheet fundamentals (liquidity, provisioning and capital structure) were strengthened.

Milestones

  • Establishment

    Yapı Kredi, Turkey's first retail focused private bank with a nationwide presence, was established

  • Tradesmen loan was extended followed by other sector-specific loans

  • Strengthened Market Position

  • Children's Banking

    With children's accounts, Yapı Kredi expanded the coverage of deposit banking and introduced children to banking services

  • First Collective Agreement

    The first collective bargaining agreement in banking was signed

  • First Computer in Banking

    Yapı Kredi introduced computers into the Turkish banking industry

  • Yapı Kredi has been the first bank to receive authorization for maintaining foreign currency position in Turkey

  • Yapı Kredi was acquired by Çukurova Holding

  • First Online Application in Banking

    Turkey's first interbranch online banking application was launched

  • Foundation of Corporate Banking

    Yapı Kredi has been the first to initiate corporate banking services under the name Wholesale Commercial Banking

  • Yapı Kredi Bonds Go Cross-border

    Yapı Kredi has been the first Turkish bank whose bonds and certificates were traded on international capital markets

  • Cross-border Online Connection

    Yapı Kredi has been the first bank to establish online connection with overseas representation offices

    Listing

    Yapı Kredi stock was quoted on İstanbul Stock Exchange

  • Telecard

    Turkey's first debit card was issued

    Foundation of Individual Banking

    A number of firsts were introduced in Turkey in keeping with "Active Banking" concept

    Tele-24

    All Financial needs of customers began to be fulfilled by ATMs

    First Consumer Loan

    Turkey's first consumer loan was extended

    First Overdraft Credit Card

    Yapı Kredi Visa Classic Card has been Turkey's first overdraft credit card

  • First Auto Loan

    Turkey's first auto loan was extended

  • WorldCard

    WorldCard that is accepted worldwide was launched

    Telephone Banking

    First telephone banking service was initiated

    First POS Device

    Turkey's first POS device was put to use

  • Overdraft Account

    Overdraft Account, a revolutionary step in the Turkish banking sector, was introduced

  • Teletel

    24/7 telephone banking made available all over Turkey

  • Shopping point system and installment shopping were commenced in credit card products

    The first Turkish bank to be awarded ISO 9001 Quality Certification

  • TeleWAP

    Turkey's first mobile banking branch

  • Biggest Merger in the Turkish Banking Sector

    Resulting from the merger of Koçbank, the 8th largest bank (an associate of Koç Finansal Hizmetler, which is a 50-50 joint venture by Koç Holding and UniCredit) with Yapı Kredi, 7th largest bank, Yapı Kredi became the 4th largest private bank

  • Turkey's First iPhone Application

    The first financial app in Turkish developed for iPhone was introduced

  • IT and Digital Investments

  • Capital Increase

    The paid-in capital of Yapı Kredi was raised by TL 4.1 billion to TL 8.45 billion

  • The First Additional Tier-1 Issuance within Turkish Deposit Banks

    Additional Tier-1 issuance of USD 650 million was carried out

  • Change in Shareholding Structure (05 February 2020)

    The shareholding agreement between Koç Holding and UniCredit ended

    Increased Public Floatation (13 February 2020)

    The free float ratio of Yapı Kredi went up to 30% upon UniCredit's sale of shares

    Covid 19

    During the Covid 19 paandemic, which affected the whole world, uninterrupted service and support was provided to customers while prioritizing the health of employees

  • Koç Holding's disclosure concerning the purchase of Yapı Kredi shares from UniCredit (9 November 2021)

    Koç Holding announced that it would buy 18% of the 20% of Yapı Kredi's shares held by UniCredit.

    Increased Public Floatation (19 November 2021)

    The free float ratio of Yapı Kredi went up to 32.03% after UniCredit sold 2% share to the market.

  • As of 1 April 2022, the share transfer have been finalized and Koç Holding’s direct share in Yapı Kredi increased from 9.02% to 27.02%.

  • On July 25, 2023, Koç Holding A.Ş. announced to the public that the shares corresponding to 6.81% of Yapı Kredi shares owned by Koç Holding A.Ş. were sold to institutional investors outside the stock market, through the accelerated bookbuilding method.

 
Was this helpful? Yes No