BGC Partners - Yapi ve Kredi Bankasi A.S. (YKBNK) BGC Partners: Bloomberg reported that UniCredit is in talks about taking direct control of its holding in Yapi Kredi Bank YKBNK TI, neutralâ€¦

Report

BGC Partners

Cagdas Dogan

EUR 102.90 For Business Accounts Only

BGC Partners: Bloomberg reported that UniCredit is in talks about taking direct control of its holding in Yapi Kredi Bank <YKBNK TI>, neutralâ€¦

Bloomberg reported that UniCredit is in talks about taking direct control of its holding in Yapi Kredi Bank. The report suggested that the move would pave the way for a potential sale or reduction of its stake.

02/09/2019 2 EN

Underlying

Yapi ve Kredi Bankasi A.S.

Yapi Ve Kredi Bankasi is a financial services group. Co. serves its customers through its retail banking segment comprising of individual banking, Small and Medium Size Enterprises banking and card payment systems, corporate and commercial banking as well as private banking and wealth management segments. Co.'s operations are supported by domestic subsidiaries in asset management, brokerage, leasing and factoring as well as international banking subsidiaries in the Netherlands, Russia and Azerbaijan. As of Dec 31 2014, Co. had total assets of TL194.96 billion and total deposits of TL107.63 billion.

See profile

TRAYKBNK91N6 Istanbul Stock Exchange Turkey

Provider

BGC Partners

BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.

We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:

Mergers & Acquisitions
Equity Capital Markets
Debt Finance & Advisory

See profile

Analysts

Cagdas Dogan

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WOOD Daily: EBS AV; BRISA TI; AKCNS TI; TKNSA TI; YKBNK TI; ADNOCDIS UH; EUROB GA; GARAN TI; CZ Macro; CEZ CP; HU Macro; Polish Utilities; ARABIAND AB; TUPRS TI; ENA PW; NLBR SV; RICHT HB; TPE PW; PGE PW

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Finance Ministry released February Central Government budget figures and the data showed further improvement in budget balances, as already suggested by the Treasury cash budget figures.

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BGC Partners: TURKEY - CBT Expectation Survey: No major change in inflation forecasts and a 50bps rate cut expectation from the CBT next week...

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According to Turkstat, retail sales volume registered a 9.6% y/y expansion in January 2020 in unadjusted terms; while the calendar-adjusted figure also increased by 9.6% y/y in January, which is a quite strong figure, albeit indicating a mild slow down compared to the 11.9% increase recorded in December 2019.

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BGC Partners: Bloomberg reported that UniCredit is in talks about taking direct control of its holding in Yapi Kredi Bank <YKBNK TI>, neutralâ€¦

Turkish Banking Sector - Initial glance into 2026: Funding mix to drive outperformance

The Rear-View Mirror – EME markets: Hungarian BUX in the lead in October

WOOD Daily: EBS AV; BRISA TI; AKCNS TI; TKNSA TI; YKBNK TI; ADNOCDIS UH; EUROB GA; GARAN TI; CZ Macro; CEZ CP; HU Macro; Polish Utilities; ARABIAND AB; TUPRS TI; ENA PW; NLBR SV; RICHT HB; TPE PW; PGE PW

BGC Partners: TURKEY - Central Government Budget continued to improve in February

BGC Partners: TURKEY - CBT Expectation Survey: No major change in inflation forecasts and a 50bps rate cut expectation from the CBT next week...

BGC Partners: TURKEY - Retail sales volume maintained a strong trend in January

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