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Non-Performing Loan Portfolio Sale

Non-Performing Loan Portfolio Sale

On 22 February 2017, Yapı Kredi’s Board of Directors resolved to sell a fully provisioned non-performing loan (NPL) portfolio of credit cards and individual loans amounting to TL 531 million for a total consideration of TL 27.5 million to Güven Varlık Yönetim A.Ş. The proceeds will have a positive pre-tax P&L impact of TL 27.5 million which will be reflected in Yapı Kredi’s 1Q17 financials after the transaction is finalised.
 
Istanbul, 22 February 2017
Enquiries: Yapı Kredi Investor Relations
Tel: (90) (212) 339 7323
Email: yapikredi_investorrelations@yapikredi.com.tr

Yapı Kredi / 22 Feb 2017

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