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Isbank off-loads portfolio of bad loans

Türkiye Is Bankasi AS transferred some 362.7 million Turkish lira worth of bad loans to Hedef Varlik Yönetim AS, Sümer Varlik Yönetim AS and Hayat Varlik Yönetim AS for 25.7 million lira, the bank said Dec. 25.

As of Dec. 25, US$1 was equivalent to 3.81 Turkish lira.