Yapi Kredi Portfolio Sold to AZ Holdings

Yapi Kredi Bank announced the completion of the sale of its subsidiary, Yapi Kredi Portfolio. According to the official statement from the bank, all shares of the portfolio management company have been transferred to AZ Holdings. The sale price was disclosed to the public. AZ Holdings, the new owner of Yapi Kredi Portfolio, has become a significant player in Turkey's portfolio management sector through this acquisition. The transaction became official following approval from relevant regulatory authorities. According to the details of the sale, the current management team and operational structure of Yapi Kredi Portfolio will be preserved. This measure is considered a precaution to ensure no disruption to client portfolios. This is not investment advice.