We Are Here For You

Sale of Non-Performing Loan Portfolio

On 24 September 2014, Yapı Kredi’s Board of Directors resolved to sell a fully provisioned non-performing loan portfolio of consumer loans, SME loans and credit cards amounting to TL 282.4 mln

On 24 September 2014, Yapı Kredi’s Board of Directors resolved to sell a fully provisioned non-performing loan portfolio of consumer loans, SME loans and credit cards amounting to TL 282.4 mln for a total consideration of TL 28.4 mln of which:

 

  • TL 169.8 mln to Efes Varlık Yönetim A.Ş
  • TL 56.4 mln to Turkasset Varlık Yönetim A.Ş
  • TL 56.1 mln to Vera Varlık Yönetim A.Ş.

 

The sale proceeds are expected to be collected on 26 September   2014 and will be reflected in YKB’s 3Q14 financials after the transaction is finalised.

 

The positive impact of the sale is expected to be ~23 bps on YKB’s bank-only NPL ratio as of September 2014.

 

 

 

Istanbul, 25 September 2014

Enquiries: Yapı Kredi Investor Relations

Tel: (90) (212) 339 7323

Email: yapikredi_investorrelations@yapikredi.com.tr

Yapı Kredi / 25 Sep 2014

Back
Loading...
Loading...