Efes Varlik Yönetim A.S., Emir Varlik Yönetim A.S., Hedef Varlik Yönetim A.S. and Denge Varlik Yonetim AS agreed to acquire NPL Portfolio of TRY 564.8 million from Yapi ve Kredi Bankasi A.S. for TRY 113 million.
September 27, 2022
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Efes Varlik Yönetim A.S., Emir Varlik Yönetim A.S., Hedef Varlik Yönetim A.S. and Denge Varlik Yonetim AS agreed to acquire NPL Portfolio of TRY 564.8 million from Yapi ve Kredi Bankasi A.S. (IBSE:YKBNK) for TRY 113 million on September 28, 2022.
Yapi ve Kredi Bankasi AS (the Bank) is a Turkey-based company that provides banking products and services. It operates through the following segments: Retail Banking, which offers card payment systems, consumer loans, commercial installment loans, small medium size enterprises (SME) loans, time and demand deposits, gold banking, investment accounts, life and non-life insurance products as well as payroll services; Corporate and Commercial Banking, which offers working capital finance, trade finance, project finance, domestic and international non-cash loans such as letters of credit and letters of guarantee, cash management and internet banking, as well as Private Banking and Wealth Management, which serves high net worth customers. The Bankâs operations are supported by domestic subsidiaries in asset management, brokerage, leasing and factoring as well as international banking subsidiaries in the Netherlands, Russia, Malta and Azerbaijan.
Efes Varlik Yönetim A.S., Emir Varlik Yönetim A.S., Hedef Varlik Yönetim A.S. and Denge Varlik Yonetim AS agreed to acquire NPL Portfolio of TRY 564.8 million from Yapi ve Kredi Bankasi A.S. for TRY 113 million.