Turkiye Garanti Bankasi A.S.: About Rumours on our Bank's shares
May 15, 2024 at 05:19 am EDT
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Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: About Rumours on our Bank's shares
15-May-2024 / 10:18 GMT/BST
TO: Investment Community
FROM : Garanti BBVA / Investor Relations
SUBJECT:About Rumours on our Bank's shares
DATE: May 15, 2024
Please find below, disclosures received from our shareholders (BBVA) with regards to the rumours about potential sale of our Bank’s shares which were publised today in some news websites.
‘BBVA’s offer for Banco Sabadell is fully financed with BBVA shares.Any speculation about the sale of a stake in Garanti BBVA to finance the offer is completely baseless and unfounded.Our commitment to Garanti BBVA is absolute.’
*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
Yours sincerely,
Garanti BBVA
Contact Garanti BBVA Investor Relations:
Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: investorrelations@garantibbva.com.tr
www.garantibbvainvestorrelations.com
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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.