10 May 2006 -

Report Summary


Slightly lower than our expectation of YTL 60 mn, Yapi Kredi Bank disclosed YTL 55.8 mn (US$ 42.1 mn) net profit on its 1Q 2006 BRSA bank only financials. Having cleaned up almost all of the doubtful assets, YKB did not record any additional provision in 1Q06.

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