İstanbul Varlık Yönetim A.Ş., a subsidiary of Turkey's leading investment services and asset management group ÜNLÜ & Co, has joined our association. Established in 1996 as an independent financial advisory firm, İstanbul Varlık began its operations in April 2009 with the permission of the Banking Regulation and Supervision Agency (BDDK). It is a member of the Financial Institutions Association and is regulated by the BDDK.
The company made a significant move in November 2009 by purchasing a corporate Non-Performing Loan (NPL) portfolio through a revenue-sharing agreement with one of Turkey's leading banks. This agreement was the first of its kind in Turkey between a private bank and an asset management company. To date, İstanbul Varlık has acquired individual, SME, and corporate NPL portfolios from 12 financial institutions.
For 19 years, İstanbul Varlık has shaped its activities in the NPL market around efficiency, flexibility, and trust. With a broad team of nearly 300 people and domestic capital, the company provides rapid, creative, and effective solutions in the collection of distressed receivables. Through a personalized constructive approach, İstanbul Varlık offers flexible solutions to help customers close their debts as quickly as possible and reintegrate them into the formal economy.
To date, İstanbul Varlık has resolved the issues of over 200,000 customers, helping them achieve financial freedom.