Turkey's Akbank sells 500 mln lira bad loan portfolio

ISTANBUL Mon Oct 1, 2012 10:28am EDT

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ISTANBUL Oct 1 (Reuters) - Turkish lender Akbank sold its non-performing loan portfolio worth 500 million lira ($280 million) to Girisim asset management for 95.1 million lira, the bank said on Monday.

It made the statement to the Istanbul Stock Exchange.

($1 = 1.7964 Turkish liras) (Writing by Ece Toksabay)

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