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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Start your banking journey with the leading bank in the region.
Find a suitable account and applyDiscover the benefits of being our customer by browsing through our banking packages.
Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Know more about our Wealth servicesLife is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
Everyday banking is a lot easier with our digital banking platforms and services.
Discover more about banking with usWe have over 200 branches and 900 ATMs and CDMs across the UAE and overseas.
Learn more about our services and get the most out of your banking relationship with us.
Visit our dedicated support center for answers to all your banking-related questions.
Start your Priority Banking journey and live your success
Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
27 March 2017: Akbank, the most valuable banking brand of Turkey according to Brand Finance, is pleased to announce the successful conclusion of its US$ 404,512,884 & € 738,271,106 Dual Currency Term Loan Facilities signed on 22 March 2017.
The Facilities incorporate a USD 367 day term facility, a EUR 367 day term facility and a 2 year + 1 business day USD facility; these will primarily be utilized for Akbank’s trade finance and general corporate purposes.
The all-in cost of the 367-day facilities is LIBOR + 1.45% p.a. for USD commitments and EURIBOR + 1.35% p.a. for EUR commitments; and the all-in cost of the 2-year + 1 business day facility is LIBOR + 2.20% p.a..
Despite the domestic volatility, the Facilities achieved a strong global response with the participation of 38 international banks across North America, Western Europe, Asia and the Middle East which is a testament to Akbank's strong fundamentals and successes through volatile markets, as well as the resilience of the Turkish financial sector.
Bank of America Merrill Lynch, Emirates NBD Capital Limited, and ICBC Turkey Yatırım Menkul Değerler A.Ş acted as Joint Coordinators & Bookrunners on the transaction. Bank of America Merrill Lynch also acted as Documentation Agent, Emirates NBD Capital Limited acted as Publicity Agent and Mizuho Bank acted as Facility Agent.
Participating banks included 19 Bookrunning Mandated Lead Arrangers, 3 Lead Arrangers and 16 Arrangers.
Banks
Bookrunners & Mandated Lead Arrangers:
Abu Dhabi Commercial Bank, The Arab Investment Company, Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, China Development Bank Corporation, Citibank, Commerzbank, Deutsche Bank, Emirates NBD Capital Limited, HSBC, Industrial and Commercial Bank of China, ING, J.P.Morgan, Mizuho Bank, Natixis, Societe Generale, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.
Lead Arrangers:
The Bank of New York Mellon, Banca UBAE, and Wells Fargo Bank.
Arrangers:
Axis Bank, Banca popolare dell’Emilia Romagna (Europe) International, Banco de Sabadell, CaixaBank, CoBank, Credit Suisse, DZ BANK AG, Goldman Sachs, Habib Bank Limited, Intesa Sanpaolo, KfW IPEX-Bank, Mashreq Bank, Raiffeisen Bank International AG, UBI Banca, Union De Banques Arabes Et Francaises, and Zürcher Kantonalbank.
About Akbank
Akbank – the most valuable banking brand of Turkey according to UK based Brand Finance – is one of the leading banks in Turkey with over USD 84 billion consolidated assets as of 2016YE. Incorporated in 1948, the bank is 48.9% owned by H.Ö. Sabancı Holding, affiliated Institutions and Individuals, and 51.1% free float as at March 2017.
Akbank continues to provide unrivalled financial solutions to its customers leveraging its robust capital, diversified funding base, strong liquidity, ability to raise foreign financing on favorable terms and superior asset quality together with its non-banking subsidiaries Ak Asset Management, Ak Investment and Ak Lease.
The bank serves its over 15 million consumer and corporate clients with a strong and extensive distribution network that utilizes both traditional and digital channels through:
Akbank’s robust performance and outstanding position in the Turkish banking sector have been recognized by prominent awards in the last 3 years:
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