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AwardsDecember 1 2007

Turkey

Yapi Kredi BankFollowing Koçbank’s acquisition of Yapi Kredi Bank (YKB) in 2005 and the resultant complex merger of the two banks, YKB re-emerged from a difficult period and returned to profitability in 2006 after losses in previous years.
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In 2006, the new consolidated YKB showed a 40% growth in net profits Tl749m ($642m) and 28% growth in assets to Tl52.8bn($38bn) providing a healthy 23% RoE.

Now YKB is the fourth largest private bank and, after all the merger restructuring, is well positioned with leading market shares in credit cards (26.3%), mutual funds (23%), non-cash loans, leasing, factoring and insurance.

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