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

TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Regarding the Sale of Non-Performing Loans Portfolio

DATE: September 25, 2023

Our Bank has sold its non-performing loan portfolio receivables arising from credit cards, general purpose loans, commercial loans, cheque accounts, overdraft loans and all other related receivables and expenses together with the interest amount;

in the total principal and contractual interest amount of TL. 531.114.815,54 as of July 12, 2023 to Ortak Varlk Yönetim A.. for a total consideration of TL 210.700.000,00.

in the total principal and contractual interest amount of TL. 530.949.087,28 as of July 13, 2023 to Dünya Varlk Yönetim A.. for a total consideration of TL 216.300.001,00.  

in the total principal and contractual interest amount of TL. 231.284.711,40  as of July 14, 2023 to Sümer Varlk Yönetim A.. for a total consideration of TL  64.800.000,00.

*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 Boards 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: investorrelations@garantibbva.com.tr

www.garantibbvainvestorrelations.com