Yapı Kredi

Koç Holding has announced that discussions for the sale of shares in its banking unit Yapı Kredi Bankası have been terminated.

Preliminary discussions were ongoing regarding the sale of our shares in our subsidiary Yapi ve Kredi Bankası, the Turkish conglomerate said in a filing with Borsa Istanbul.

The combined net profit of the companies, whose shares are traded on the stock exchange, increased by 75 percent in the third quarter to hit 444 billion Turkish Liras ($15.6 billion).

Treasury and Finance Minister Mehmet Şimşek has met with a group of international investors at a forum.

Şimşek attended the closed-door Türkiye Economic Forum organized by JP Morgan in Istanbul and made a presentation on the Turkish economy.

Turkish President Tayyip Erdogan named three deputy governors to the central bank, the country's official gazette said on Friday, a day after the bank vowed to continue gradual monetary tightening and raised its end-2023 inflation forecast.

Yapı Kredi, Turkey's third-largest private lender, announced on May 21 it had successfully inked a $962 million syndicated loan agreement for the first half of the year with the participation of 42 banks from 20 countries.

The European Bank for Reconstruction and Development (EBRD) on Jan. 14 said it has hiked its financial support to Turkey amid its fight against the COVID-19 pandemic.

"The Bank stepped up its financing in Turkey to €1.7 billion ($2 billion) in 2020 through 33 projects, from €1 billion in 35 projects in 2019," it said in a statement.

Ratings agency Moody's has said it has upgraded the long-term foreign currency deposit ratings of 12 Turkish banks.

Italian lender UniCredit has announced the "successful completion of the accelerated bookbuild offering" to institutional investors of approximately 100.7 billion existing ordinary shares in Yapı ve Kredi Bankası, equal to around 12 percent of the Turkish lender's issued share capital.

Turkey's national credit agency, Japan Credit Agency (JCR) Eurasia, has determined its board members, according to a statement released by the agency on Jan. 17.

The 23rd Yapı Kredi Afife Theater Awards, organized in memory of Turkey's first theater actress, Afife Jale, was presented to winners at a ceremony on April 30.