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Yapı ve Kredi Bankası sells NPL book to 2 lenders for 22.7M lira

Yapı ve Kredi Bankası AŞ on May 29 sold a nonperforming loan portfolio of retail and credit card loans to Arsan Varlık Yönetimi AŞ and Hayat Varlık Yönetimi AŞ for a total consideration of 22.7 million Turkish lira.

The total valuation of the portfolio stood at 298 million lira.

As of May 31, US$1 was equivalent to 5.85 Turkish lira.