On 18 December 2013, Yapı Kredi’s Board of Directors resolved to sell a fully provisioned non-performing loan portfolio amounting to TL 229 mln
On 18 December 2013, Yapı Kredi’s Board of Directors resolved to sell a fully provisioned non-performing loan portfolio of credit card and corporate/commercial loans amounting to TL 229 mln (including TL 13 mln overdue interest) for a total consideration of TL 42.8 mln of which
TL 14.2 mln to RCT Varlık Yönetim A.Ş.
TL 107.7 mln to Final Varlık Yönetim A.Ş.
TL 53.8 mln to Anadolu Varlık Yönetim A.Ş.
TL 53.2 mln to LBT Varlık Yönetim A.Ş.
The sale proceeds are expected to be collected on 20 December 2013 and will be reflected in YKB’s 4Q13 financials after the transaction is finalised.
The positive impact of the sale is expected to be ~20 bps on YKB’s bank-only NPL ratio as of November 2013.
Istanbul, 19 December 2013
Enquiries:Yapı Kredi Investor Relations
Tel: (90) (212) 339 7323