Turkiye Garanti Bankasi : Regarding the Sale of Non-Performing Loans Portfolio
March 28, 2024 at 04:04 pm IST
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Regarding the Sale of Non-Performing Loans Portfolio
Regarding the Sale of Non-Performing Loans Portfolio
Our Bank has sold its non-performing loan portfolio receivables in the amount of TL. 1.147.910.095,73 which is the sum of principal amount and accrued contractual interests arising from credit cards, general purpose loans, commercial loans, cheque accounts, overdraft loans and all other related receivables and expenses together with their accrued interests as of January 29, 2024 and February 12, 2024 in two separate portfolios to Dünya Varlık Yönetim A.Ş. for a total consideration of TL 525.800.000,00.
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Turkiye Garanti Bankasi AS published this content on
26 March 2024 and is solely responsible for the information contained therein. Distributed by
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28 March 2024 10:33:52 UTC.
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.