Turkiye Garanti Bankasi A.S. Proposes TL 50 Billion Asset-Backed Securities Issuance

Turkiye Garanti Bankasi A.S. (TGBD) has announced a Board of Directors resolution for issuing Asset-Backed Securities (ABS) totaling TL 50 billion. This announcement, dated October 2, 2025, specifies that the issuance will be managed by the "TMKŞ Garanti BBVA Birinci Varlık Finansmanı Fonu," operated by Birleşik İpotek Finansmanı A.Ş. The enterprise will require the approval of the Capital Markets Board.

The issuance aligns with the standards set by the Communiqué on Asset-Backed or Mortgage-Backed Securities No. III-58.1. Garanti BBVA ensures that the disclosure abides by regulatory principles and accurately represents the information received. The Turkish version of the disclosure takes precedence in the event of discrepancies with the English version.