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Turkiye Garanti Bankasi A.S.

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DGAP-UK-Regulatory News vom 29.07.2020

Announcement regarding forward looking statements on the expectations for the year 2020

Turkiye Garanti Bankasi A.S. (TGBD)
29-Jul-2020 / 16:12 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT:  Announcement regarding forward looking statements on the expectations for the year 2020


DATE: July 29, 2020



Reference: Public disclosure of Türkiye Garanti Bankası A.Ş. (Garanti) on 08.01.2020.


As per the Article 10 of the "Communiqué on Material Events Disclosure" (II-15.1) of Capital Markets Board, T. Garanti Bankası A.Ş has announced it's forward looking statements regarding the expectations for the year 2020. You may access the related presentation that was published on the Public Disclosure Platform, the Bank's website and Garanti BBVA Investor Relations' website at in Operating Plan Guidance Presentations section.


Within the framework of the changes in the operating environment due to the Covid-19 outbreak, the following revisions were made in 2020 Operating Plan Guidance.





TL Loans (YoY)



FC Loans (in US$, yoy)



NIM Incl. Swap Cost 



Excl. CPI

High-single digit

High single digit shrinkage

Fee Growth (YoY)



OPEX Growth (YoY)

~ 6.5%


NPL ratio

~ 200bps


Net Cost of Risk



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: [email protected]


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