July 24, 2016 5:01 PM ET

Banks

Company Overview of Alternatifbank A.S.

Company Overview

Alternatifbank A.S. provides a range of banking products and services to corporate, commercial, and retail customers in Turkey. The company’s products include demand deposits, time deposits, and current accounts; and corporate/commercial, SME, and consumer loans, as well as credit cards. It engages in providing automatic money transfer, financial leasing, treasury, and open loan transaction services, as well as option and other derivative instruments for use in banking operations; trading financial instruments and fund management; and lending and borrowing securities. The company also offers brokerage, portfolio management, margin trading, short selling, investment advisory, and buy-back sel...

Cumhuriyet Caddesi No: 46

Elmadag

Istanbul,  34367

Turkey

Founded in 1991

1,107 Employees

Phone:

90 212 315 65 00

Fax:

90 212 225 76 15

Key Executives for Alternatifbank A.S.

Acting Chief Executive Officer and Director
Chief Operating Officer and Executive Vice President
Executive Vice President of International Financial Institutions
Age: 53
Head of Board of Directors
Age: 47
Executive Vice President of Operations
Age: 49
Compensation as of Fiscal Year 2016.

Alternatifbank A.S. Key Developments

Alternatifbank A.S. expected to report First-Half, 2016 results on July 24, 2016. This event was calculated by Capital IQ (Created on July 22, 2016).

Alternatifbank A.S. expected to report First-Half, 2016 results on July 24, 2016. This event was calculated by Capital IQ (Created on July 22, 2016).

Alternatifbank Announces Earnings Results for the Half-Year Ended June 30, 2016

Alternatifbank announced earnings results for the half-year ended June 30, 2016. The bank delivered a net loss of TRY 57.8 million for the half-year ended 30 June 2016 compared with TRY 75 million profit for 2015. Net operating income decreased by TRY 102 million to TRY 200 million for the half year ended 30 June 2016, from TRY 302 million in 2015, mainly due to a decrease in net interest income.

Alternatifbank Reports Earnings Results for the First Quarter Ended March 31, 2015

Alternatifbank reported earnings results for the first quarter ended March 31, 2015. The company delivered a net loss of TRY 45 million for the quarter ended 31 March 2015, a 266% decrease compared to TRY 27 million reported in the same period in 2015. ABank delivered net operating income of QAR 98 million for the Quarter ended 31 March 2016 which represents 10.5% of the total net operating income as compared to QAR 192 million & representing 20% in the same period in 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 19, 2016
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