TO: Investment Community
FROM : Garanti Bank / Investor Relations
SUBJECT: Announcement regarding sale of non-performing loans portfolio
DATE: September 29, 2016
T. Garanti Bankası A.Ş. 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 TL 81,047,702.59 as of August 26, 2016, to Sümer Varlık Yönetim A.Ş. for a total consideration of TL 10,100,000.00
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.
Contact Garanti Bank Investor Relations:
Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: [email protected]
This information is provided by RNS