The ratings on Turkish bank Yapi ve Kredi Bankasi A.S. (Yapi Kredi) reflect Standard & Poor's Ratings Services' view of the high-risk economic environment in Turkey, the bank's asset-liability mismatches owing to limited long-term funding, and increased vulnerability to systemic shocks owing to the rapid balance sheet growth. Positive rating factors include the bank's adequate financial profile and good profitability, strong brand name, and customer franchise with a leading position in key strategic segments like credit cards, asset management, leasing, and factoring. With total assets of Turkish lira (TRY) 106 billion on June 30, 2011, Yapi Kredi is the fourth-largest privately-owned commercial bank in Turkey. It is a leading player in the credit card and leasing businesses, holding about an...
Companies mentioned in this report are:
- Yapi ve Kredi Bankasi A.S.
- UniCredit SpA
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