Akbank traded at 70.25 this Friday May 15th, decreasing 2.10 or 2.90 percent since the previous trading session. Looking back, over the last four weeks, Akbank lost 10.05 percent. Over the last 12 months, its price rose by 35.23 percent. Looking ahead, we forecast Akbank to be priced at 72.44 by the end of this quarter and at 64.61 in one year, according to Trading Economics global macro models projections and analysts expectations.
Akbank TAS is a Turkey-based commercial bank. It operates under the following segments: Consumer Banking; Commercial Banking, Small and Medium Enterprises (SME) Banking, Corporate-Investment and Private Banking, and Treasury. Consumer Banking offers retail services such as deposit accounts, consumer loans and asset management services, among others. Corporate Banking, Commercial Banking and SME Banking provide solutions and services to large, medium and small size corporate and commercial customers, such as Term Loan (TL) and foreign currency (FC) denominated working capital loans financing for investments, foreign trade financing and cash management services, among others. Project finance loans are provided within the context of Investment Banking activities. In the scope of Private Banking, the Bank serves the members of the high-income customers. The Treasury segment conducts TL and FC spot and forward transactions, treasury bonds and private sector bond transactions, among others.