As we celebrate our 80th anniversary, we are thrilled to announce the expansion of our operations into Germany, via the finalisation of full acquisition of Bankhaus J. Faisst oHG (BHF), as of 23 July 2024. The acquisition price has been set at 7.3 million Euro.
Effective from August, we will rename our new acquired Bank’s name as “Yapı Kredi Deutschland” of which the headquarters are located in Frankturt, Germany with a capital increase of 60 million Euro.
Yapı Kredi Deutschland will be our second banking institution operating within the European Union, following our operations in the Netherlands.
The two co-CEOs of the Bank will be Mr. Abdullah Kutucu and Ms. Didem Öget.
Alongside with the global vision and experience of our main shareholder Koç Group, as Yapı Kredi, we will continue to plod through our operations expanding into Germany.
stanbul, 23 July 2024
Inquiries: Yapı Kredi Investor Relations
Email: yapikredi_investorrelations@yapikredi.com.tr