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

Turkiye Garanti Bankasi ASAnnouncement

26/10/2024 08:15

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

   26-Oct-2024 / 08:12 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Regarding the Sale of Non Performing Loans Portfolio

   DATE: October 25, 2024

    

   Our Bank has  sold its non-performing  loan portfolio receivables  arising
   from credit  cards, general  purpose  loans, 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
       789.295.012,95 as of July 28-29 2024, to  Gelecek Varlık Yönetim  A.Ş.
       for a total consideration of TL 235.700.000,00
     • in  the  total  principal  and  contractual  interest  amount  of   TL
       393.973.763,69 as of July 30, 2024, to  Ortak Varlık Yönetim A.Ş for a
       total consideration of TL 118.300.000,00

    

   in  three   separate  portfolios   for  a   total  consideration   of   TL
   354.000.000,00 .

    

   *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.:  355301
   EQS News ID:   2016687


    
   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=2016687&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1&application_name=news


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