Altinbas Holding
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| Private | |
| Industry | Conglomerate, Energy, Jewelry, Finance, Education, Logistics |
| Founded | 1996 |
| Founder | Mehmet Altınbaş |
| Headquarters | Istanbul, Turkey |
Key people | Vakkas Altınbaş (Chairman), Ali Altınbaş (Honorary Chairman) |
| Revenue | ₺9.5 billion (2016)[1] |
Number of employees | ~4,000 |
| Website | https://www.altinbas.com |
Altınbaş Holding is a Turkish family-owned conglomerate headquartered in Istanbul, Turkey. The group operates in multiple industries including jewelry, energy, finance, logistics and education.[2] It has more than 20 subsidiaries across Turkey, Northern Cyprus and Ukraine.[3] The company grew from a small jewelry business founded in the 1950s by Mehmet Altınbaş, and was officially incorporated as a holding company in 1996.[1]
History
The origins of Altınbaş Holding date back to the early 1950s when its founder, Mehmet Altınbaş, began trading gold and jewelry in Gaziantep.[1] The business expanded internationally in 1979 with the opening of a jewelry store in Northern Cyprus.
The company diversified into finance in 1993 by establishing the Altınbaş Bank in Northern Cyprus, later renamed Creditwest Bank.[3] In 1996, the family consolidated its businesses under the Altınbaş Holding entity.
In 1999, the group entered the energy sector by launching fuel distribution operations under the brand Alpet.[4]
In 2008, the Mehmet Altınbaş Education and Culture Foundation founded Altınbaş University (formerly Istanbul Kemerburgaz University) in Istanbul.[5]
Subsidiaries and Operations
Jewelry and Precious Metals
The holding’s primary business originally centered on jewelry manufacturing and retailing through the brand Altınbaş Jewelry. The company operates over 100 stores in Turkey and exports to more than 80 countries.[1]
The holding also owns Onsa Refinery, one of Turkey’s licensed precious metal refineries.[6]
Energy
Through its subsidiary Alpet, Altınbaş Holding manages fuel storage and distribution, operating more than 400 petrol stations in Turkey and over 50 in Northern Cyprus.[7]
The group also produces industrial lubricants through Atak Madeni Yağları.
Finance
The finance division includes Creditwest Bank in Northern Cyprus and Creditwest Bank Ukraine, which was established in 2007, considered the first Turkish-owned bank in Ukraine.[3]
Creditwest operates in retail and SME banking, insurance, and factoring.[8]
Logistics
Through Transal Denizcilik and Galata Denizcilik, the group manages maritime shipping and storage operations, mainly serving fuel and petroleum logistics.
Education
Altınbaş University is a non-profit private foundation university in Istanbul, offering programs in engineering, law, business, medicine, and social sciences.[9]
Financials
Altınbaş Holding reported revenues of ₺7.0 billion in 2013, rising to ₺9.5 billion in 2016, including finance operations.[1] In 2018, Altınbaş Jewelry and Onsa Refinery were listed among Turkey’s Top 500 Exporters by TOBB.[10]
Corporate Governance
The holding is owned by members of the Altınbaş family. Leadership was passed to brothers Ali and Vakkas Altınbaş after the founder’s death in 2003.[2] The group follows a professional management model, with subsidiary-specific executive teams.
Social Responsibility
The Mehmet Altınbaş Education and Culture Foundation focuses on scholarships, educational initiatives, and community responsibility programs in Turkey and Northern Cyprus.[2]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 Karamustafaoğlu, Özgür (12 March 2016). "Altınbaş Holding: Enerjiden Eğitime Uzanan Yolculuk". Fortune Türkiye. pp. 58–62.
- ↑ 2.0 2.1 2.2 "Family Businesses in Turkey" (PDF). KPMG Advisory. 2022. pp. 87–88.
- ↑ 3.0 3.1 3.2 "Creditwest Bank and Turkish investment influence in Cyprus". Cyprus Mail. 14 May 2021.
- ↑ "Alpet Expanding in Cyprus". Bloomberg HT. 5 June 2019.
- ↑ "Altınbaş University". Retrieved 28 November 2025.
- ↑ "ONSA Refinery". Istanbul Gold Refiners Association. Retrieved 28 November 2025.
- ↑ "Alpet: Cyprus's Largest Independent Fuel Distributor". Cyprus Mail. 6 June 2021.
- ↑ "Creditwest Bank Expanding in SME Sector". Dünya. 22 January 2020.
- ↑ "Altınbaş University Program Catalog".
- ↑ "Turkey's Top 500 Exporters List" (PDF). TOBB. 2018.
External links
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