Yapi Kredi Bankasi Decides To Merge With Pamukbank

ISTANBUL (A.A) - 11.06.2002 - Yapi Kredi Bankasi Corp., which is one of the banks of Cukurova Group, on Tuesday decided to merge with Pamukbank, another bank of the group.
According to a statement sent from Yapi ve Kredi Bankasi to Stock Exchange, the Executive Board held a meeting on Monday and gave a decision for merging.
Yapi Kredi Executive Board decided to take over Pamukbank with all its rights, receivables, and liabilities. Legal personality of the bank will end. The merging will take place by basing on the financial statements dates June 30, 2002.
With this merging, Turkey's biggest private bank will be created.