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

Turkiye Garanti Bankasi ASAnnouncement

12/06/2024 11:00

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

   12-Jun-2024 / 10:55 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Regarding the Sale of Non-Performing Loans Portfolio

   DATE: June 11, 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
   304.633.852,97 as of April 15, 2024,  to  Ortak Varlık Yönetim A.Ş. for  a
   total consideration of TL 116.100.000,00,

    

   - in  the  total   principal  and  contractual   interest  amount  of   TL
   261.655.365,01 as of April 24, 2024,  to  Ortak Varlık Yönetim A.Ş. for  a
   total consideration of TL 110.600.000,00,

    

   - in  the  total   principal  and  contractual   interest  amount  of   TL
   301.884.005,91 as of April  16, 2024, to  Emir  Varlık Yönetim A.Ş. for  a
   total consideration of TL 110.600.000,00,

    

   - in  the  total   principal  and  contractual   interest  amount  of   TL
   260.366.149,62  - as of  April 23, 2024, to   Gelecek Varlık Yönetim  A.Ş.
   for a total consideration of TL 110.200.000,00,

    

   - in  the  total   principal  and  contractual   interest  amount  of   TL
   303.983.940,32 as of April 17, 2024,  to  Dünya Varlık Yönetim A.Ş. for  a
   total consideration of TL 110.300.000,00,

    

   - in  the  total   principal  and  contractual   interest  amount  of   TL
   303.457.454,29 as of April 18, 2024,  to  Dünya Varlık Yönetim A.Ş. for  a
   total consideration of TL 108.900.000,00,

    

   - in  the  total   principal  and  contractual   interest  amount  of   TL
   281.294.492,73 as of April 19, 2024,  to  Dünya Varlık Yönetim A.Ş. for  a
   total consideration of TL 116.000.000,00,

    

   - in  the  total   principal  and  contractual   interest  amount  of   TL
   281.106.531,30 as of April 22, 2024,  to  Dünya Varlık Yönetim A.Ş. for  a
   total consideration of TL 114.900.000,00,

    

   in  eight   separate  portfolios   for  a   total  consideration   of   TL
   897.600.000,00.

    

   *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
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   327565
   EQS News ID:    1923679


    
   End of Announcement EQS News Service

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References

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