Sale of Non-Performing Loan Portfolio
On 17 December 2014, Yapı Kredi’s Board of Directors resolved to sell a fully provisioned non-performing loan portfolio of credit cards amounting to TL 61.1 mln for a total consideration of TL 8.3 mln to RCT Varlık Yönetimi A.Ş.
The sale proceeds are expected to be collected on 26 December 2014 and will be reflected in YKB’s 4Q14 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 December 2014.
Istanbul, 17 December 2014
Enquiries: Yapı Kredi Investor Relations
Tel: (90) (212) 339 7323
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 17 Dec 2014