Akbank TAS 2020 AR2
The report highlights Akbank's performance and strategic progress during the challenging year of 2020, marked by the COVID-19 pandemic. The bank successfully accelerated its digital transformation, reaching 5.5 million digital customers and launching Turkey's first numberless credit card under the 'Digital First' program. Akbank also prioritized sustainability by issuing the Turkish banking industry's first green bond since the onset of the pandemic, a USD 50 million offering to support renewable energy projects. Furthermore, the bank maintained robust financials with a consolidated capital adequacy ratio of 20.7% and total assets increasing to TL 478 billion.
Company: Akbank TAS
Sector: Finance & insurance
Country: Turkey
Year: 2020
Type: AR2
Pages: 412
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Akbank TAS
Annual Report
The report highlights Akbank's performance and strategic progress during the challenging year of 2020, marked by the COVID-19 pandemic. The bank successfully accelerated its digital transformation, reaching 5.5 million digital customers and launching Turkey's first numberless credit card under the 'Digital First' program. Akbank also prioritized sustainability by issuing the Turkish banking industry's first green bond since the onset of the pandemic, a USD 50 million offering to support renewable energy projects. Furthermore, the bank maintained robust financials with a consolidated capital adequacy ratio of 20.7% and total assets increasing to TL 478 billion.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Mar 24, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees