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Announcement regarding the sale of non-performing loan portfolio

Announcement regarding the sale of non-performing loan portfolio

As announced on 5 April 2013, T. Garanti Bankası A.Ş. Board of Directors had authorized the Head Office to take the necessary actions to do feasibility studies with regard to a potential covered bond issuance.

T. Garanti Bankası A.Ş. has sold its non-performing loan portfolio of credit cards, consumer loans and overdraft loans in the total amount of TL 314,157,760 to LBT Varlık Yönetim A.Ş. for a total consideration of TL 58,400,000.

Announcement regarding the sale of non-performing loan portfolio

 

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