Search

Announcement regarding forward looking statements on the expectations for the year 2020

Announcement regarding forward looking statements on the expectations for the year 2020

Reference: Public disclosure of Türkiye Garanti Bankası A.Ş. (Garanti) on 08.01.2020.

As per the Article 10 of the "Communiqué on Material Events Disclosure" (II-15.1) of Capital Markets Board, T. Garanti Bankası A.Ş has announced it’s forward looking statements regarding the expectations for the year 2020. You may access the related presentation that was published on the Public Disclosure Platform, the Bank’s website and Garanti BBVA Investor Relations’ website at www.garantibbvainvestorrelations.com in Operating Plan Guidance Presentations section.

Within the framework of the changes in the operating environment due to the Covid-19 outbreak, the following revisions were made in 2020 Operating Plan Guidance.

 

2020 GUIDANCE

REVISED 2020YE EXPECTATIONS

TL Loans (YoY)

High-teens

~25%

FC Loans (in US$, yoy)

Shrinkage

Shrinkage

NIM Incl. Swap Cost 

70-80bps
expansion

~50bps
expansion

Excl. CPI

High-single digit

High single digit shrinkage

Fee Growth (YoY)

Low-teens

 

OPEX Growth (YoY)

~ 6.5%

~6.5%

NPL ratio

~ 200bps

 

Net Cost of Risk

High-teens

Low-teens

Announcement regarding forward looking statements on the expectations for the year 2020

 

You must have version 4.0 or later of the Adobe® Acrobat Reader® in order to read and print the PDF versions. Download Adobe Reader for free now