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2 clusters · 4 sources · 2 days · First seen · Last updated

Yapı Kredi financial activities and share transfers

Overview

Yapı Kredi has reported significant international financial activity and structural changes. The bank secured $5.8 billion in resources from international markets over the past year, including a $500 million additional Tier 1 capital bond issuance, a $1.1 billion syndicated loan, and a $700 million DPR transaction.

In a separate development, the Turkish Competition Board granted permission for the transfer of shares in Yapı Kredi Portföy Yönetimi A.Ş. (YKP) to AZ International Holdings S.A., a member of the Azimut Group. This transaction involves the transfer of stakes held by Yapı Kredi Bankası and Yapı Kredi Yatırım Menkul Değerler A.Ş. A distribution agreement is planned to allow Yapı Kredi Bankası to distribute investment products managed by YKP for 15 years, though the deal awaits further approvals from the Capital Markets Board (SPK) and the Competition Board.

Entities

Koç Holding · AZ International Holdings S.A. · Gökhan Erün · Yapı Kredi · Yapı Kredi Bankası

Timeline

  1. 16 days ago

    [BUSINESS] 2 sources
    Yapı Kredi Bankası receives regulatory approval for Yapı Kredi Portföy share transfer

    The Turkish Competition Board has approved the transfer of Yapı Kredi Portföy shares to Azimut Group’s AZ International Holdings, with a 15-year distribution agreement planned.

  2. 18 days ago

    [BUSINESS] 2 sources
    Yapı Kredi marks 82nd anniversary with $5.8 billion in international funding

    Yapı Kredi marks 82 years of operation, reporting $5.8 billion in international funding over the last year and expanding its digital banking and global presence.

Sources

basakgazetesi.com · borsagundem.com.tr · gazetedamga.com.tr · shewired.com