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ISTANBUL - Turkiye Garanti Bankasi A.S. (BIST:GARAN) has sold a non-performing loan portfolio to Galata Varlık Yönetim A.Ş. for TL 38 million, according to a statement released Monday.
The portfolio consists of receivables totaling TL 249.64 million, which includes principal amounts and accrued contractual interest from various loan products as of October 1, 2025. The sold assets encompass loans, credit cards, general purpose loans, cheque accounts, commercial loans, overdraft loans and related receivables.
The transaction represents a recovery rate of approximately 15.2% on the non-performing loan portfolio’s total value.
The sale is part of the bank’s ongoing management of its loan portfolio. Non-performing loan sales are a common practice among financial institutions to clean up balance sheets and recover partial value from distressed assets.
Garanti BBVA is one of Turkey’s largest private banks and operates as a subsidiary of Spain’s BBVA Group. The information was disclosed in a regulatory filing to comply with the requirements of the Turkish Capital Markets Board.
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