Akbank AG (www.akbank.de) is headquartered in Frankfurt am Main, Germany, and operates in Corporate and Private Banking, Treasury and Financial Institutions and Retail Banking segments. Akbank AG concentrates on traditional corporate banking with renowned and internationally active companies and targets to step up its efforts to provide services and products that are in the best interest of its customers. The bank will continue to deliver a strong trade-finance –asset volume with its diversified corporate client base and in order to support its funding strategy, the bank will maintain liability growth in retail and private banking business lines and will further diversified its deposit base. Akbank AG will continue investing in sophisticated, efficient and innovative applications of digital technologies.Akbank AG is the successor institution of the German branch of Akbank T.A.Ş. It received its full banking license on 5 April 1998 from the German Federal Financial Supervisory Authority (BaFin) and started providing retail and corporate banking services in Germany.On November 23, 2005, the branch was converted into an Aktiengesellschaft (AG) and registered with the commercial register of Frankfurt am Main. In May 2007, Akbank AG’s shares were transferred to Akbank N.V., a wholly-owned subsidiary of Akbank T.A.Ş. established in 2001 as a Dutch bank under the banking law and regulations of the Netherlands.As a result of the strategic decision to reorganize the European operations of Akbank Group, in particular to use capital and other resources more efficiently, Akbank N.V. was merged into Akbank AG, with the discontinuation of Akbank N.V.’s activities effective from June 15, 2012.Upon this merger, Akbank T.A.Ş. became the sole shareholder of Akbank AG. The merger between Akbank AG and Akbank N.V. led to a substantial growth in Akbank AG’s lending and deposit business, triggering a continuous positive trend in the post-merger period.The sole shareholder of Akbank AG is Akbank T.A.Ş., Istanbul. As of December 31, 2018, the sole shareholder of Akbank AG, Akbank T.A.Ş., Istanbul is Hacı Ömer Sabanci Holding A.S., Istanbul, its subsidiaries and the Sabancı family, with 48.9% of the shares; 51.1% were in free float.Akbank AG has recorded a strong net income performance also in financial year of 2018 with 37 million EUR net profit. The Bank continued its healthy and efficient operations with a zero non-performing loan ratio. The Bank has successfully maintained 38% asset growth on a CAGR basis between 2013 and 2018. The Bank is also a voluntary member of the Deposit Protection Fund of the Association of German Banks, Einlagensicherungsfonds des Bundesverband Deutscher Banken, and offers protection to both corporate and retail deposit holders up to a level of 20% of its shareholders’ equity on an individual basis.