Akbank is one of the largest private banks in Turkey with total assets over US$90 bn. Majority of the bank is owned by Sabanci Holding, a US$15 bn turnover generating industrial conglomerate based in Istanbul. Akbank generated over US$1.6 bn net profit as of the year end 2012. Akbank Dubai, established in Dec 2009 in DIFC, is a strategic unit focusing on Turkey related mergers and acquisitions. Delivers investment banking (Cross border M&A, Acquisition Finance and Debt Advisory) and project finance services