REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Establishment of a subsidiary

Turkiye Garanti Bankasi ASAnnouncement

17/03/2022 11:15

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Establishment of a subsidiary

   17-March-2022 / 11:04 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: Establishment of a subsidiary

    

    

    

   DATE: March 16, 2022

    

   Our Bank has applied to the Banking Regulation and Supervision Agency  for
   the permission of establishing a joint stock company in registered capital
   system with a total capital of  10.000.000 TRY (ten million Turkish  Lira)
   which will be operating in the  fields of payment services and  electronic
   money under the Law on Payments and Securities Settlement Systems, Payment
   Services and Electronic Money Institutions  No:6493, and owned 50% by  our
   Bank and  50%  by our  Bank's  subsidiary Garanti  Ödeme  Sistemleri  A.Ş.
   Banking Regulation and Supervision Agency approved our Bank's  application
   and allowed our Bank to establish such company.

    

    

   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:  1 investorrelations@garantibbva.com.tr

          2 www.garantibbvainvestorrelations.com

    

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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  149844
   EQS News ID:   1305537


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1305537&site_id=reuters8&application_name=news


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