Yapı Kredi has been selected as “Bank of the Year 2009” in Turkey by The Banker, one of the most prestigious financial publications in the world. This year, The Banker awarded banks across 144 countries and 7 regions in the world through an assessment process built around detailed questionnaires received from 510 banks that were examined by The Banker’s editorial team.
The award, which takes into account financial performance, strength of the Bank’s position in terms of capital and funding, profitability, shareholder value creation and initiatives in technology, risk management, staff training, customer services, recognised Yapı Kredi’s impressive profit growth and successful cost management throughout the year.
Mr. Faik Açıkalın Yapı Kredi’s CEO, stated that “Despite the adverse economic conditions in 2009, we have sustained our solid profitability performance driven by robust revenue growth and strong cost control with the continuous support of our customer base and through realigning our short-term strategic priorities. On the one hand, we increased our focus on liquidity, funding and the capital position, as well as on proactive credit risk management. On the other hand, we continued to invest in a number of key strategic projects related to growth, commercial business, efficiency, risk management and customer/employee satisfaction. As a result, we have emerged out of the challenging market environment with a stronger position. We are extremely delighted that this outstanding performance in such a tough operating environment has been appreciated by one of the world’s most respected financial publications, the Banker”.
With total assets of TL 71 bln* ($49 billion) as of September 2009, 836 branches throughout Turkey, Yapı Kredi is Turkey’s fourth largest private bank.
(*) Based on BRSA, consolidated results as of 30 September 2009
İstanbul, 8 December 2009
Enquiries:
Yapı Kredi Investor Relations
Tel: (90) (212) 339 7647
Email: yapikredi_investorrelations@yapikredi.com.tr
Yapı Kredi / 08 Dec 2009