Koçbank was a Turkish bank. It was merged into Yapı ve Kredi Bankası in 2006.[1] At the time Koçbank was owned by, Koç Finansal Hizmetler (KFH; Koç Financial Services, KFS), an equal partnership between Koç Holding and Italian banking giant Unicredit.[2]
In 2003 Koçbank had 143 branches, including branches in Azerbaijan, the Netherlands and Bahrain.
History
Koçbank was founded in 1981 as the American Express Bank, based in Istanbul. Koç Holding acquired a 51% stake in the bank in 1986, renaming it Koç-American Bank, and in 1992 the bank became a wholly owned subsidiary of Koç Holding, and was renamed as Koçbank A.Ş. It grew to be one of the most important institutions in the sector with its young history and its financial subsidiaries established in a short term to address the financial needs of its customers.