Turkiye Garanti Bankasi A.S. Sells Non-Performing Loan Portfolio

Turkiye Garanti Bankasi A.S. (TGBD) has finalized the sale of its non-performing loan portfolio. The portfolio, valued at TL 456.3 million, was transferred to Sümer Varlık Yönetim A.Ş. for TL 113.5 million. This sale includes loans, credit cards, general purpose loans, and related receivables with accrued interest.

The decision was disclosed on May 29, 2025, emphasizing clarity and adherence to official records. The bank confirmed that this public disclosure aligns with the board's communiqué regulations and reflects accurate information.

For inquiries, Garanti BBVA's investor relations can be contacted via phone, fax, or email. The original disclosure, available in both Turkish and English, prioritizes the Turkish version in case of discrepancies.