Established in 1926, Koç Holding is Turkey’s leading industrial and services group and a flagship of the Turkish economy with leading positions in four core sectors: energy, automotive, consumer durables and finance, which are all key driving sectors of the Turkish economy. Koç Holding derives its strength from its unparalleled distribution network and the most extensive historical customer database in Turkey, continuously creating synergies for its underlying businesses through up and cross-selling opportunities and adding value to its customers. The Group has an outstanding track record of establishing and managing successful joint ventures with leading multinational groups such as Ford, Fiat and UniCredit.
For over 80 years, Koç Group has been the engine of development in the Turkish private sector. The Group plays a major role in the national economy with around 74 thousand employees and over 12 thousand authorized dealers and after sale services. As of year-end 2008, Koç Holding’s total sales represent about 9% of Turkish GDP, its exports are about 11% of Turkey’s total exports and the Group’s share in Istanbul Stock Exchange market capitalization is as high as 13%. Almost every household in Turkey uses a Koç product. In addition to its leading positions in Turkey, the Group also has the largest international network of Turkish origin with operations in 28 countries and significant market positions in Europe and neighboring countries. As of 2009, Koç Holding is the only Turkish company in the Fortune Global 500 list of companies, in the 172nd place .
Koç Group operates in compliance with international standards in the areas of corporate governance, corporate social responsibility, environmental protection, customer satisfaction and human resources. Long before corporate governance gained prominence, Koç Holding had taken steps to implement the highest standards of corporate governance. Koç Holding is one of the first companies in Turkey to have independent members on its board of directors and is still one of the few that links executive compensation to share price performance and economic profit. The Holding and its subsidiaries actively contribute to the well-being of society through a variety of projects and initiatives in the areas of cultural heritage, art, education, healthcare, sports and environmental protection. In 2006, Koç Holding signed the UN Global Compact, proving its commitment to corporate citizenship and sensitivity to social issues.
Update based on 9M09 results
UniCredit (UCI) is a full-service financial services group engaged in a wide range of banking, financial and related activities throughout a multi-channel distribution network comprising countries where the Group operates via its own branches or investment centers (Pioneer) and countries where the Group operates via local banks controlled or in which it has a significant equity interest. The Group distribution network includes also networks of licensed financial consultants (promotori finanziari) and of private bankers as well as internet and telephone banking capabilities. The Group boasts of banking operations in 22 countries with over 10,000 branches.
UCI Group organizational model is a “matrix one”, based on customer segmentation and geography to leverage opportunities in all customer segments and markets. It is organized into divisions and macro areas. In 9M09 results, of the total consolidated revenues, 39% came from CIB division, 34% from Retail, 3% from Private, 3% from Asset Management (AM), 16% from CEE and 6% from Poland’s Market divisions. The UniCredit Group has a divisional business model in order to maximize the potential of its branch network and leverage growth opportunities.
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Global business lines – Retail, Corporate, Private Banking, Investment Banking and Asset Management – characterized by service models aimed at maximizing customer satisfaction
- Specialized product factories on global scale: consumer credit, mortgages and leasing
- Centralization of support services to all the UniCredit Group’s divisions: ICT and back office activities
- Multi-local approach: local banks responsible for running the branch network and relationships with customers
UniCredit holds leading position in one of the wealthiest regions of Western Europe (Austria, Germany and Italy). UniCredit is the outright leader also in Central & Eastern Europe, an area featuring rapid economic growth rates.
The overall corporate governance system adopted by UniCredit was drawn up in line with current regulations and the recommendations issued by the Italian Stock Exchange in this regard. UCI operates by accepting responsibility for its business decisions, fully aware that the long term sustainability of the business, intended as a three-way acceptance of social, environmental and economic responsibility, is a competitive element that also encourages territorial, market and social cohesion development.
Update based on 9M09 results
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