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

Turkiye Garanti Bankasi A.S. has announced the sale of its non-performing loan portfolio. The portfolio, with a total value of TL 244.5 million, was sold to Doğru Varlık Yönetim A.Ş. The deal was completed for TL 41 million, marking a strategic move by the bank to manage its financial assets.

The sale includes various types of receivables: principal amounts, accrued interest from loans, credit cards, general-purpose loans, check accounts, commercial loans, and overdraft accounts. This transaction reflects the bank's efforts to streamline operations and reinforce financial stability. The information is fully compliant with regulatory requirements according to Garanti BBVA.