Alternatif Bank Company Profile

Background

Alternatif Bank, formerly known as ABank, is a Turkish financial institution headquartered in Istanbul. Established on November 6, 1991, by Doğan Holding, the bank has evolved into a significant player in Turkey's banking sector. In 2013, The Commercial Bank (P.S.Q.C.), one of Qatar's leading banks, acquired a majority stake, enhancing Alternatif Bank's international presence and financial capabilities. The bank's mission is to provide comprehensive banking services, focusing on customer satisfaction and innovative financial solutions.

Key Strategic Focus

Alternatif Bank's strategic objectives include:

Comprehensive Banking Services: Offering a wide range of financial products to meet diverse customer needs.

Customer-Centric Approach: Prioritizing customer satisfaction through personalized services.

Innovation: Implementing technological advancements to enhance banking experiences.

Market Expansion: Strengthening its position in the Turkish market and exploring international opportunities.

Financials and Funding

As of 2019, Alternatif Bank reported the following financial metrics:

Revenue: 767.1 million TRY

Operating Income: 219.2 million TRY

Net Income: 178.1 million TRY

Total Assets: 30.1 billion TRY

Equity: 2.4 billion TRY

The bank operates 48 branches and employs 885 staff members, reflecting its substantial presence in the Turkish banking sector.

Leadership Team

Omar Hussain Alfardan: Chairman

Kaan Gür: CEO

Both leaders bring extensive experience in banking and finance, guiding Alternatif Bank's strategic direction and operational excellence.

Competitor Profile

Market Insights and Dynamics:

The Turkish banking sector is characterized by a mix of large state-owned banks, private banks, and foreign-owned institutions. The market is competitive, with a focus on digital transformation and customer-centric services.

Competitor Analysis:

Key competitors include:

Ziraat Bankası: A state-owned bank with a vast network and diverse financial services.

Garanti BBVA: A major private bank known for its digital banking initiatives.

Akbank: A leading private bank offering a wide range of banking products.

These institutions compete on service quality, technological innovation, and market reach.

Strategic Collaborations and Partnerships

Alternatif Bank's partnership with The Commercial Bank (P.S.Q.C.) has been instrumental in enhancing its financial strength and expanding its service offerings. This collaboration facilitates cross-border banking services and knowledge sharing, positioning Alternatif Bank as a bridge between Turkish and Qatari markets.

Operational Insights

Alternatif Bank differentiates itself through a customer-centric approach, leveraging technological innovations to enhance service delivery. Its strategic partnership with The Commercial Bank (P.S.Q.C.) provides a competitive edge in offering cross-border financial services.