REG - Turkiye Garanti Bank - Sale and transfer of nonperforming loans portfolio <Origin Href="QuoteRef">GARAN.IS</Origin>

Turkiye Garanti Bankasi ASAnnouncement

15/12/2017 10:15

RNS Number : 5004Z
Turkiye Garanti Bankasi
15 December 2017
TO: Investment Community
FROM : Garanti Bank / Investor Relations 
SUBJECT: With regard to sale and transfer of non performing loans portfolio
DATE: December 15, 2017
Our Bank has sold its non-performing loan portfolio receivables arising from credit cards, general purpose loans, overdraft loans, commercial loans, cheque accounts, insurance receivables and expenses in the total principal amount of 294,057,190.49 -TL as of November 15, 2017 to Smer Varlk Ynetim A.. and Hayat Varlk Ynetim A. for a total consideration of TL 17,450,000.00.
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 Communiqu, 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

This information is provided by RNS
The company news service from the London Stock Exchange
  END
MSCTABMTMBBBBMR