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Report: Finansbank off-loads NPLs valued at 399.9M Turkish lira

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Report: Finansbank off-loads NPLs valued at 399.9M Turkish lira

Finansbank AS sold nonperforming loans valued at 399.9 million Turkish lira to asset and portfolio manager Guven Varlik Yonetim for 10.8 million lira, Reuters reported Dec. 4.

Qatar National Bank (QPSC) is the parent of Finansbank.

As of Dec. 1, US$1 was equivalent to 3.93 Turkish lira.