REG - Turkiye Garanti Bank - Former public disclosuresthat are not yet resolved

Turkiye Garanti Bankasi ASAnnouncement

09/05/2018 11:25

2018-05-09T10:25:05.655Zreuters.comtag:reuters.com,2018-05-09:newsml_RSI5102Na:13TXT
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RNS Number : 5102N
Turkiye Garanti Bankasi
09 May 2018
 

TO: Investment Community
FROM : Garanti Bank / Investor Relations
SUBJECT: Announcement Regarding former public disclosures that are not yet resolved
 
DATE: May 09, 2018
 
Ref: Our public disclosure dated 21.04.2015-31.08.2016-31.10.2016-30.12.2016-01.03.2017-04.05.2017-06.07.2017-06.09.2017-08.11.2017-10.01.2018-09.03.2018
In the above-mentioned disclosure; it was announced that an annulment action was filed by our Bank before 2nd Administration Court of Ankara against the decision of Turkish Competition Board regarding the administrative fine imposed on our Bank, such annulment action was rejected, and our Bank appealed such decision to the Council of State.
We have been informed that the appeal has been rejected by the 13th Chamber of the Council of State with its decision no. 2015/2447 Esas and 2015/4006 Karar. Our Bank had requested revision of the decision on 01.07.2016
There has been no new development regarding the abovementioned lawsuit and further developments will be disclosed to the public.
 
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
 
We declare that our above statements are in conformity with the principles included in the Board's Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
 
Yours sincerely,
 
Garanti Bank
Contact Garanti Bank Investor Relations:
Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: investorrelations@garanti.com.tr
www.garantiinvestorrelations.com
 



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