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

Turkiye Garanti Bankasi ASAnnouncement

24/09/2024 10:30

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

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

   24-Sep-2024 / 10:15 GMT/BST

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

   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Regarding the Sale of Non-Performing Loans Portfolio

    

   DATE: September 23, 2024

    

    

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

     • in  the  total  principal  and  contractual  interest  amount  of   TL
       986.749.125,14 as of July 21-22-24,  2024, to  Gelecek Varlık  Yönetim
       A.Ş. for a total consideration of TL 234.000.000,00,
     • in  the  total  principal  and  contractual  interest  amount  of   TL
       331.697.937,33 as of July 23, 2024, to  Dünya Varlık Yönetim A.Ş.  for
       a total consideration of TL 82.500.000,00,
     • in  the  total  principal  and  contractual  interest  amount  of   TL
       346.259.891,60 as of July 25, 2024, to  Arsan Varlık Yönetim A.Ş.  for
       a total consideration of TL 86.000.000,00,
     • in  the  total  principal  and  contractual  interest  amount  of   TL
       270.618.601,52- as of July 31, 2024, to  Sümer Varlık Yönetim A.Ş. for
       a total consideration of TL 42.800.000,00,

    

   in six separate portfolios for a total consideration of TL 445.300.000,00.

    

   *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

    

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

   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.:  348811
   EQS News ID:   1994535


    
   End of Announcement EQS News Service

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

    3 fncls.ssp?fn=show_t_gif&application_id=1994535&application_name=news&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1

References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1994535&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1&application_name=news


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