Akbank Sells TRY 3.26 Billion in Non-Performing Loans

Akbank has sold a portion of its non-performing loan portfolio. The bank transferred non-performing receivables (NPLs) with a total nominal value of TRY 3.26 billion to a buyer. This transaction is seen as a step to reduce problem loans on the bank's balance sheet. The sold receivables consist of loan accounts that had previously fallen into non-performing status. The bank plans to use the proceeds from the sale to manage credit risk and strengthen capital adequacy. According to details of the transaction, the sale price of the receivables was below their nominal value. Such NPL sales are a common practice in the Turkish banking sector, helping banks improve asset quality. Akbank's move is viewed as part of a strategy to optimize liquidity management under current market conditions. The bank has carried out similar sales in the past. Investors are closely monitoring the impact of this transaction on Akbank's profitability and risk profile. NPL sales can positively affect net profit by reducing provisioning expenses. However, the sale price being below nominal value may result in a short-term write-down. This is not investment advice.