REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Announcement regarding our Bank’s Corporate Governance Compliance Rating

Turkiye Garanti Bankasi ASAnnouncement

09/12/2022 07:15

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Announcement regarding our Bank’s Corporate
   Governance Compliance Rating

   09-Dec-2022 / 07:02 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Announcement regarding our Bank’s Corporate Governance Compliance
   Rating

    

   DATE: December 09, 2022

    

    

   Our Bank has  signed an  agreement with JCR  Eurasia Rating,  which is  an
   authorized rating  agency  operating  under the  license  of  the  Capital
   Markets  Board  of  Turkey  (“CMB”)  in  accordance  with  the   Corporate
   Governance Principles issued by the CMB, on 14.07.2022 for a period of one
   year. As a result of JCR Eurasia Rating’s assessment for 2022, our  Bank’s
   Corporate Governance compliance score has been increased to 9.81 from 9.79
   (over 10) and the outlook has remained as Positive.

    

   The rise in  ‘Shareholders’ and  ‘Stakeholders‘ sub-sections  in 2022  has
   increased the Bank’s  overall compliance score.  Considering the  positive
   contribution of the  Board of  Directors Diversity  and Compliance  Policy
   published on 08  July 2021  and the  female representation  target in  the
   Board of Directors  of 25% by  the end of  2025, the outlook  of the  main
   section of the Board of Directors of the Bank is “Positive”.

    

   The Bank managed to maintain high level of compliance previously  attained
   in the main sections  of Public Disclosure and  Transparency and Board  of
   Directors. The Bank's overall  Corporate Governance Rating is  determined,
   in compliance with the relevant regulations of the CMB, under the weighted
   four sub-sections. Compliance  levels in  each of the  four main  sections
   with comparison to the previous year are as below.

    

             Main Sections            Weight Dec 10, 2021 Dec 09, 2022
              Shareholders             25%       9.67         9.73
   Public Disclosure and Transparency  25%       9.85         9.85
              Stakeholders             15%       9.86         9.87
           Board of Directors          35%       9.81         9.81
   Corporate Governance Overall Score            9.79         9.81

    

   The Bank will remain  to be within the  scope of Borsa İstanbul  Corporate
   Governance Index due to its overall corporate governance compliance  score
   being higher than the threshold score of “7”. Corporate Governance  Rating
   Report prepared by JCR Eurasia Rating is accessible on the Bank's Investor
   Relations website ( 1 www.garantibbvainvestorrelations.com).

    

   *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 BBVA

          2 www.garantibbvainvestorrelations.com

   Tel: +90 212 318 2352

         E-mail:  3 investorrelations@garantibbva.com.tr

    

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   ISIN:           US9001487019
   Category Code:  MSCL
   TIDM:           TGBD
   LEI Code:       5493002XSS7K7RHN1V37
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   207344
   EQS News ID:    1508903


    
   End of Announcement EQS News Service

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