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May 28, 2012
 
 
 
 
 
 

Akbank to open 70 new branches, offer 1,000 jobs in 2012

8 February 2012 / TODAY'S ZAMAN, İSTANBUL
Akbank, one of Turkey's largest private banks, is planning to open 70 new branches and recruit 1,000 more people across Turkey this year, its newly appointed general manager, Hakan Binbaşgil, has said.

At a press conference late on Tuesday, Binbaşgil, who has served in his current post since the beginning of this year, said they had opened 35 new branches last year and that “they are gearing up a little” in 2012. Akbank currently employs more than 15,000 people in Turkey.

According to consultancy firm Brand Finance, Binbaşgil's Akbank is one of the top 100 most highly valued banks in the world with brand equity of nearly $1.6 billion, topping the same list in Turkey. The general manager said he expects the amount of loans that banks in Turkey extend to people to grow by 15 percent this year, noting that Akbank's prospects are likely to be brighter than the sector's average.

Binbaşgil also said they expect the Turkish economy to grow by some 4 percent this year, in parallel with the projection of the government in its Medium-term Economic Program (OVP). This, however, is in contrast to other estimates made by international observers who predict lower economic growth for the country in 2012.

 
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