On 30 November 2012, Yapı Kredi’s Board of Directors resolved to sell a fully provisioned non-performing loan portfolio of SME, individual, credit card and corporate/commercial loans amounting to a total of TL 626 mln (including TL 66 mln overdue interest) for a total consideration of TL 66.8 mln:
• TL 372.6 mln to LBT Varlık Yönetim A.Ş.
• TL 119.7 mln to Girişim Varlık Yönetim A.Ş.
• TL 73.7 mln to Istanbul Varlık Yönetim A.Ş.
• TL 60.0 mln to Anadolu Varlık Yönetim A.Ş.
The sale proceeds are expected to be collected by 5 December 2012 and will be reflected in YKB’s 4Q12 financials after the transaction is finalised.
The positive impact of the sale is expected to be ~70 bps on YKB’s bank-only NPL ratio as of October 2012.
İstanbul, 3 December 2012
Enquiries:
Yapı Kredi Investor Relations
Tel: (90) (212) 339 7323
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 03 Dec 2012