Dunya Varlik Yonetim A.S. (Istanbul) (Turkiye)

Dunya Varlik Yonetim Anonim Sirketi, located in Istanbul, is one of Turkey's leading asset management companies. It was established in 2008 by the decision of the Banking Regulation and Supervision Agency. The company's main activity is to buy, sell, and collect banks' and other financial institutions' receivables and other assets, as well as provide intermediary, support, and advisory services in the collection, restructuring, or sale of receivables and other assets. As of December 31, 2022, Dunya Varlik's total assets amount to 1.8 billion TL, with a delayed receivables portfolio size of 1.4 billion TL. The company's equity is 884 million TL, and its paid-up capital is 185 million TL. The net profit for the year 2022 is 266.5 million TL. The company has purchased a cumulative principal amount of delayed receivables portfolio of 16 billion TL. The assets mainly consist of both corporate/commercial and individual delayed receivables, with a wide range of collateral structures acquired from banks and other financial institutions. Dunya Varlik focuses on new technology investments to provide faster and more flexible solutions to its customers and satisfactory services to the banks from which it acquires portfolios, ultimately creating more value. The company conducts credit solution negotiations and legal follow-up processes with its team of finance and legal experts. It has a workforce of 487 employees, including technology, decision support, and general management units. The company has established and maintained its processes based on customer orientation, professionalism, corporate governance, and ethical values. Dunya Varlik has been able to secure funding from both international financial markets and the Turkish debt securities market. The European Bank for Reconstruction and Development (EBRD) became a partner in 2011 by providing 100 million TL of equity and credit financing to the company. Dunya Varlik has reached a significant investor base in fixed-income securities with various maturities, issuing more than 1 billion TL worth of bonds. The company has also secured long-term syndicated loans of 120 million TL from ICBC Turkey, a subsidiary of the Industrial and Commercial Bank of China, and 110 million TL from ING Bank Turkey. Dunya Varlik has established itself as a leader in the sector among 23 asset management companies in Turkey in terms of portfolio size, total assets, delayed receivables portfolio size, and equity as of December 31, 2022. The company's customer-oriented approach and innovative practices for its employees have been recognized, with Harvard Business School featuring it as a case study. The company has also received awards for its employee development programs and talent management practices. Dunya Varlik is committed to information security and has obtained the ISO 27001 certification for its Information Security Management System. It is a member of the Asset Management Companies Association and RMA International (Receivables Management Association International). The company believes in the importance of being environmentally conscious and implementing eco-friendly policies to ensure its activities have no negative impact on the global and local environment, society, and economy.