Koçbank
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| Koçbank | |
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| Type | Bank |
|---|---|
| Founded | 1981 |
| Headquarters | Istanbul, Turkey |
| Parent | Koç Holding |
| Website | http://www.kocbank.com.tr |
Koçbank is a Turkish bank. It is a wholly owned subsidiary of Koç Holding.
Koçbank was established in 1986 when Koç Holding purchased 51% of American Express Bank's shares. Originally named Koç-American Bank, the company was renamed in 2003 after Koç Holding purchased the remainder of the bank.
In 2002, 50% of Koçbank was sold to UniCredit.
As of 2003, Koçbank had 143 branches, including branches in Azerbaijan, Holland and Bahrain.
On 29th September 2005, Koçbank enhanced its position in the Turkish banking market with the acquisition of 57.4% of the share capital of Yapi Kredi, one of Turkey’s oldest and largest financial groups.
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