Turkiye Garanti Bankasi Divests Non-Performing Loan Portfolio

Turkiye Garanti Bankasi A.S. has announced the sale of its non-performing loan portfolio. The portfolio includes receivables from loans, credit cards, general purpose loans, cheque accounts, commercial loans, and overdraft loans. The sale comprises five separate transactions totaling TL 311 million.

The first transaction was with Gelecek Varlık Yönetimi A.Ş. for a principal and interest amount of TL 233 million, sold for TL 60 million. The second was with Tuna Varlık Yönetim A.Ş. for TL 250.9 million, sold for TL 62 million. The third transaction involved Met-ay Varlık Yönetim A.Ş. for TL 500.8 million at TL 85 million.

Additionally, İstanbul Varlık Yönetim A.Ş. acquired TL 534.5 million for TL 58 million, while Dünya Varlık Yönetim A.Ş. purchased TL 557.9 million for TL 46 million.