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.

After Goldman Sachs increases its earning per share (EPS) estimates for the Turkish banks in its coverage earlier this month, this time Bank of America (BofA) lifted its EPS for Turkish lenders.

"We continue to have a positive view on Turkish private banks," BofA said in a report released on Feb. 19.

The International Finance Corporation (IFC) has announced a financing package of up to $530 million to support thousands of micro and smaller businesses in Turkish provinces devastated by February earthquakes and boost recovery efforts.

Istanbul's Yapı Kredi Bomontiada displays an exhibition, titled 'Asia from West to East,' which consists of photographs taken by former president of Finland, C.G. Mannerheim, during his journey from Central Asia to China in the early 1900s. The exhibition can be seen through Feb 6.

The international photography event 212 Photography Istanbul will welcome art lovers at different venues around the city starting from today until Oct. 11.

A new joint exhibition by Istanbul Metropolitan Municipality and Yapı Kredi Culture and Arts Publishing, titled "This Place," has opened at Yapıkredi Arts and Culture Center.

Speaking at the opening during the press conference, Istanbul Mayor Ekrem İmamoğlu, said the exhibition stands as a reminder of Istanbul's valuable assets such as environment and cultural heritage.

Yapı Kredi Bomontiada hosts Murat Germen's solo exhibition "Fairy Tale," organized simultaneously physically and virtually in collaboration with Cue Art Space and Artcrowdistanbul Online Gallery.

The exhibition can be visited between May 27 and June 16. The works can also be watched online on Artcrowdistanbul's digital platform until Aug 30.

Turkey,

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.

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