Conexio consulting

UniCredit ‘happy with partnership in Turkey’s Yapı Kredi’

UniCredit has expressed happiness about its partnership with Turkey’s Koç Holding at Yapı Kredi Bank, a senior executive with the Italian lender has said, noting that the company board is not entertaining thoughts of selling the bank, in contrast to recent claims.

But UniCredit Central and Eastern Europe (CEE) President Carlo Vivaldi told a group of Turkish journalists in Milan that the lender was happy with its partnership with Koç Holding in Yapı Kredi, which began in 2002.
Asked whether the lender would maintain its presence in the Turkish market, Vivaldi said the issue had not been discussed by the board.