Yapi Kredi sells non-performing loans to Guven Varlik Yonetim

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Yapi Ve Kredi Bankasi AS has sold its non-performing loan (NPL) portfolio to Guven Varlik Yonetim AS in a deal worth $148 million.

The NPL portfolio consists mainly of credit cards and personal loans. The sale is part of UniCredit Group’s desire to reduce non-performing exposure (NPE). The deal does not affect UniCredit Group’s NPE ratio.

Yapi Kredi is mostly owned by Koc Finansal Hizmetler AS, of which UniCredit Group owns half.



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