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


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

27-Dec-2021 / 06:50 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Regarding the Sale of Non-Performing Loans Portfolio

 

 

DATE: December 24, 2021

 

Our Bank has sold its non-performing loan portfolio receivables arising from credit cards, general purpose loans, overdraft loans and expenses in the total principal amount of 649.333.386,27 -TL as of October 26, 2021, to Gelecek Varlık Yönetim A.Ş. for a total consideration of TL 119.170.000,00; and non-performing portfolio commercial receivables arising from commercial loans,  credit cards,  cheque accounts, insuarance receivables, overdraft loans and expenses in the total principal amount of 542.602.530,62-TL  as of October 25, 2021 to Emir Varlık Yönetim A.Ş. for a total consideration of TL 42.100.000,00

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: [email protected]
www.garantibbvainvestorrelations.com

 



ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
LEI Code: 5493002XSS7K7RHN1V37
Sequence No.: 132634
EQS News ID: 1262300

 
End of Announcement EQS News Service

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