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

Turkiye Garanti Bankasi ASAnnouncement

20/12/2024 12:15

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

   20-Dec-2024 / 12:05 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Regarding the Sale of Non-Performing Loans Portfolio

   DATE: December 19, 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
       1.301.868.490,80 as of October -22-23-24-27, 2024, to  Gelecek  Varlık
       Yönetim A.Ş. for a total consideration of TL 319.200.000,00,

    

     • in  the  total  principal  and  contractual  interest  amount  of   TL
       594.515.578,85 as of  October -25-29, 2024,  to  Ortak Varlık  Yönetim
       A.Ş. for a total consideration of TL 151.800.000,00,

    

     • in  the  total  principal  and  contractual  interest  amount  of   TL
       274.915.945,49 as of October 28, 2024, to  Birikim Varlık Yönetim A.Ş.
       for a total consideration of TL 71.700.000,00,

    

     • in  the  total  principal  and  contractual  interest  amount  of   TL
       325.305.333,07- as of October 26, 2024, to  Dünya Varlık Yönetim  A.Ş.
       for a total consideration of TL 81.600.000,00,

    

     • in  the  total  principal  and  contractual  interest  amount  of   TL
       298.075.626,32- as of October 30, 2024, to  Sümer Varlık Yönetim  A.Ş.
       for a total consideration of TL 77.200.000,00,

    

   in  nine   separate   portfolios  for   a   total  consideration   of   TL
   701.500.000,00.

    

    

   *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.:  366597
   EQS News ID:   2056013


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
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