Turkish Yapi Kredi Q1 net doubles, launches cap hike
ISTANBUL (Reuters) - Turkish lender Yapi Kredi Bank YKBNK.IS said on Thursday its first quarter consolidated net profit rose 108 percent year-on-year to 447 million lira ($360 million) and it said it would launch a capital hike.
The bank, the fifth largest listed bank by market capitalisation, said it would launch a 920 million lira capital hike, which Koc Finansal Hizmetler, its main shareholder with an 81.8 percent stake, would back.
Koc Finansal Hizmetler is owned by Turkey's Koc Holding KCHOL.IS and Italy's UniCredit (CRDI.MI: Quote, Profile, Research, Stock Buzz).
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