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ISTANBUL - Turkiye Garanti Bankasi A.S. (BIST:GARAN) has sold two portfolios of non-performing loans to Gelecek Varlık Yönetimi A.Ş. for a total of TL 251 million, according to a statement released by the bank on August 22, 2025.
The first portfolio, with principal and contractual interest amounting to TL 797.48 million as of August 4, was sold for TL 127 million. The second portfolio, valued at TL 797.45 million as of August 5, was sold for TL 124 million.
The sold assets include receivables from various credit products including loans, credit cards, general purpose loans, cheque accounts, commercial loans, and overdraft loans, along with related receivables, expenses, and interest amounts.
The transaction represents a recovery rate of approximately 15.7% on the non-performing loan portfolios.
This sale is part of the bank’s ongoing management of its non-performing loan portfolio. The bank made the disclosure in compliance with the principles of the Capital Markets Board’s Communiqué.
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