LONDON--(BUSINESS WIRE)--Citi’s (NYSE symbol: C) Issuer Services business, acting through Citibank N.A., has been appointed by Akbank T.A.S. (“Akbank”), a leading bank and financial services group in Turkey, as the successor depositary bank for its Level 1 American Depositary Receipt (ADR) programme. Akbank’s ADRs have been approved for trading on OTCQX under the symbol “AKBTY”. Akbank’s ordinary shares are also listed and trade on the Istanbul Stock Exchange under the symbol “AKBNK”.
Atıl Ozus, Chief Financial Officer at Akbank T.A.S. commented “We look forward to working closely with Citi and leveraging their expertise and value added resources to further enhance and diversify our shareholder base”
“Citi is delighted to be appointed by Akbank as successor depositary bank for its Level 1 ADR programme”, said Dirk Jones, Global Head of Issuer Services, at Citi. “Leveraging Citi’s unmatched global equity distribution network, we look forward to working closely with Akbank on providing incremental investor access and servicing their existing ADR holders.”
For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.
NOTES TO EDITORS
About Akbank
With a strong and extensive distribution network of around 1000 branches and close to 16,500 employees, Akbank operates domestically from its Head Office in Istanbul and 23 regional directorates across Turkey and through its subsidiaries in Germany and Dubai. Akbank’s core business is banking activities, consisting of consumer banking, commercial banking, SME banking, corporate banking, private banking, treasury transactions and international banking services. The Bank's subsidiaries provide non-banking financial services alongside capital markets and investment services. As of Dec. 31, 2014, the company had total assets of TL218.697 million, total loans of TL136.131 million and total deposits of TL122.294 million.
For more information please visit: http://www.akbank.com/en-us/Pages/default.aspx
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
