Yapı Kredi (YKB) has been selected as “Bank of the Year 2007” in Turkey by The Banker, one of the most respected financial publications in the world.
This year, The Banker awarded banks across 143 countries and 7 regions in the world through an assessment process built around detailed questionnaires received from 457 banks that were examined by The Banker’s editorial team.
The award, which takes into account financial performance, innovation, differentiation, key strategic developments and shareholder value generation, recognized YKB’s impressive performance in 2006 through achievement of one of the biggest and most complex M&A projects in the history of the Turkish banking sector which, in result, led to significant improvement in shareholder return.
Mr. Tayfun Bayazıt, Yapı Kredi’s CEO, stated that “A focused strategy, effective restructuring, remarkable network reorganization, strong support of Koç Holding and UniCredit and dedicated efforts of our employees ensured us a much more powerful and effective franchise than before. Our financial results proved that we could simultaneously achieve multiple targets, reinforcing our financial structure, developing a sales and service oriented organization as well as expanding our branch network despite the challenges of the integration. We are extremely delighted that this outstanding performance is recorgnized by our customers and shareholders, but also confirmed by one of the world’s most respected financial publications, The Banker”.
With total assets of YTL 48 bln* ($41 billion) as of September 2007, 661 branches throughout Turkey, over 13,000 employees and 14 million customers, YKB is Turkey’s fourth largest private bank. The bank has leading positions in segments/products such as credit cards, asset management, non-cash loans, leasing, factoring, private pension funds, life and non-life insurance.
(*) Based on BRSA, bank-only results as of 30 September 2007
Istanbul, 30 November 2007
Enquiries:
Yapı Kredi Investor Relations
Tel: (90)(212) 339 7647
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 30 Nov 2007