Yapı Kredi closed the third quarter of 2005 with a consolidated cumulative loss of YTL 2.595 mln; as a result total shareholders equity amounted to YTL 1.826 mln as of 30 September 2005 These consolidated financial statements reflect a third quarter loss of YTL 2.506 mln, which is mainly influenced by all the adjustments that have been made on standalone Yapi Kredi statements as announced on 25 November 2005 and also by the impact of some changes in the effective shareholding rates of some subsidiaries.
Following this third quarter loss, total consolidated Shareholders’ Equity amounts to YTL 1.826 mln and the Capital Adequacy Ratio is 4.6%. However, it should be noted that the sale of 13.1% of Turkcell shares which was owned by the Bank, has been finalized on 25 November 2005 and, following this sale, it has been decided to add the sale profit of YTL 1.144 million to the Bank’s capital. If this effect had been taken into consideration for the ratio calculation as of 30 September 2005, the Capital Adequacy Ratio would have increased from 4.6% to approximately 9%.
Yapı Kredi / 15 Dec 2005