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

Turkiye Garanti Bankasi ASAnnouncement

28/03/2024 10:30

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

   28-March-2024 / 10:24 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Regarding the Sale of Non-Performing Loans Portfolio

   DATE: March 26, 2024

    

    

    

   Our Bank has  sold its  non-performing loan portfolio  receivables in  the
   amount of TL. 1.147.910.095,73  which is the sum  of principal amount  and
   accrued contractual interests arising  from credit cards, general  purpose
   loans, commercial loans,  cheque accounts, overdraft  loans and all  other
   related receivables and expenses together with their accrued interests  as
   of January 29, 2024 and February  12, 2024 in  two separate portfolios  to
   Dünya Varlık Yönetim A.Ş. for a total consideration of TL 525.800.000,00.

     

    *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.:  312663
   EQS News ID:   1869995


    
   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=1869995&site_id=refinitiv&application_name=news


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