REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Regarding the Sale of Non-Performing Loans Portfolio

Turkiye Garanti Bankasi ASAnnouncement

25/09/2023 14:45

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Regarding the Sale of Non-Performing Loans
   Portfolio

   25-Sep-2023 / 14:38 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Regarding the Sale of Non-Performing Loans Portfolio

    

    

   DATE: September 25, 2023

    

    

    

   Our Bank has  sold its non-performing  loan portfolio receivables  arising
   from  credit  cards,  general  purpose  loans,  commercial  loans,  cheque
   accounts, overdraft loans and all  other related receivables and  expenses
   together with the interest amount;

   in  the  total   principal  and   contractual  interest   amount  of   TL.
   531.114.815,54 as of  July 12,  2023 to Ortak  Varlık Yönetim  A.Ş. for  a
   total consideration of TL 210.700.000,00.

   in  the  total   principal  and   contractual  interest   amount  of   TL.
   530.949.087,28 as of  July 13,  2023 to Dünya  Varlık Yönetim  A.Ş. for  a
   total consideration of TL 216.300.001,00.  

   in  the  total   principal  and   contractual  interest   amount  of   TL.
   231.284.711,40  as of  July 14, 2023  to Sümer Varlık  Yönetim A.Ş. for  a
   total consideration of TL  64.800.000,00.

    

    

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

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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  273755
   EQS News ID:   1733857


    
   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=1733857&site_id=refinitiv&application_name=news


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