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ISTANBUL - Turkiye Garanti Bankasi (IS:GARAN) A.S. (TGBD), commonly known as Garanti BBVA (BME:BBVA), announced a change in its Corporate Governance Committee. The bank reported that Ms. Belkıs Sema Yurdum has stepped down from her role as a Board Member, resulting in the termination of her memberships in the Corporate Governance Committee and Audit Committee.
Following the resignation, Garanti BBVA’s Board of Directors convened on March 27, 2025, and appointed Mr. Halil Hüsnü Erel as the new member of the Corporate Governance Committee. The decision was made to fill the vacancy left by Ms. Yurdum’s departure.
The bank’s announcement reaffirmed its commitment to transparency and regulatory compliance, stating that the information provided aligns with the principles of the Board’s Communiqué, Serial II Nr.15.1, and accurately reflects the records, books, and documents of the bank.
Garanti BBVA, one of Turkey’s largest private banks, is known for its adherence to corporate governance standards. The appointment of Mr. Erel is expected to maintain the bank’s strong governance structure, which is crucial for investor confidence and the bank’s operational integrity.
The bank’s statement also noted that in case of any discrepancies between the Turkish and English versions of the public disclosure, the Turkish version would take precedence.
This announcement is based on a press release statement by Garanti BBVA and does not include any additional analysis or opinion. The bank’s investor relations contact details were provided in the press release but are not included in this news article.
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