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Denizbank Sells 75 Million Liras of Bad Loans for 7.25 Million

June 27 (Bloomberg) -- Denizbank AS, the Turkish bank bought by Russia’s OAO Sberbank on June 8, said it sold 75.1 million liras ($41 million) of bad loans for 7.25 million liras.

The package of non-performing personal, corporate and commercial loans was sold to debt collection companies Efes Varlik Yonetim AS and LBT Varlik Yonetim AS, Denizbank said in a statement to the stock exchange today.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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