Sale of Non-Performing Loan Portfolio
On 25 March 2015, Yapı Kredi’s Board of Directors resolved to sell a fully provisioned non-performing loan portfolio of Corporate and Commercial amounting to TL 73.3 million for a total consideration of at least TL 1.0 million to Vera Varlık Yönetim A.Ş.
The sale proceeds are expected to be collected on 27 March 2015 and will be reflected in YKB’s 1Q15 financials after the transaction is finalised.
The positive impact of the sale is expected to be ~5 bps on YKB’s bank-only NPL ratio as of March 2015.
Istanbul, 27 March 2015
Enquiries: Yapı Kredi Investor Relations
Tel: (90) (212) 339 7323
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 27 Mar 2015