Efes Varlik Yönetim A.S. and Gelecek Varlik Yonetimi A.S acquired 418.4 Million Lira Non-Performing Loan Portfolio of Turkiye Is Bankasi A.S. for TRY 30 million.

Gelecek Varlik Yonetimi AS is a Turkey-based asset management company. The main activities of the Company consist of purchasing the receivables and other assets of banks, Savings Deposit Insurance Fund, private finance institutions, other financial institutions and insurance companies providing credit insurance, structuring and collecting the purchased debt, providing financing for collection, real estate or other property for collection, right and operating and leasing assets, advising debtors and creditors, providing corporate and financial advice to companies. Gelecek Varlik is a financial institution that generally provides services in the field of debt settlement by purchasing portfolios of non-performing loans.