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

Turkiye Garanti Bankasi ASAnnouncement

08/12/2023 07:00

============

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

   08-Dec-2023 / 06:50 GMT/BST

   ══════════════════════════════════════════════════════════════════════════

   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

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

    

   DATE: December 8, 2023

    

    

   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 14.07.2023 for a period of one
   year. As a result of JCR Eurasia Rating’s assessment for 2023, our  Bank’s
   Corporate Governance compliance score has  remained as 9.81 (over 10)  and
   the outlook has remained as Positive.

    

   The level of  compliance attained  in the  previous year  across the  main
   sections of Shareholders, Public  Disclosure & Transparency,  Stakeholders
   and Board  of Directors  have  been maintained. 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'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 09, 2022 Dec 08, 2023
              Shareholders             25%       9.73         9.73
   Public Disclosure and Transparency  25%       9.85         9.85
              Stakeholders             15%       9.87         9.87
           Board of Directors          35%       9.81         9.81
   Corporate Governance Overall Score            9.81         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

   Contact Garanti BBVA Investor Relations:

   Tel: +90 212 318 2352

         Fax: +90 212 216 5902

         E-mail:  2 investorrelations@garantibbva.com.tr

          3 www.garantibbvainvestorrelations.com

    

   ══════════════════════════════════════════════════════════════════════════

   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  290665
   EQS News ID:   1792587


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    4 fncls.ssp?fn=show_t_gif&application_id=1792587&application_name=news&site_id=refinitiv

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1792587&site_id=refinitiv&application_name=news
   2. mailto:investorrelations@garantibbva.com.tr
   3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1792587&site_id=refinitiv&application_name=news


============