TKGBY Turkiye Garanti Bankasi (ADS)

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

Turkiye Garanti Bankasi A.S. (TGBD)
Announcement regarding forward looking statements on the expectations for the year 2020

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.

 

 

2020 GUIDANCE

REVISED 2020YE EXPECTATIONS

TL Loans (YoY)

High-teens

~25%

FC Loans (in US$, yoy)

Shrinkage

Shrinkage

NIM Incl. Swap Cost 

70-80bps
expansion

~50bps
expansion

Excl. CPI

High-single digit

High single digit shrinkage

Fee Growth (YoY)

Low-teens

<10%

OPEX Growth (YoY)

~ 6.5%

~6.5%

NPL ratio

~ 200bps

<300bps

Net Cost of Risk

High-teens

Low-teens

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: 2
Fax: 2
E-mail:

 



ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 78848
EQS News ID: 1105475

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=1105475&application_name=news&site_id=research_pool
EN
29/07/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Turkiye Garanti Bankasi (ADS)

 PRESS RELEASE

Turkiye Garanti Bankasi A.S.: CMB Approval for Bond Issuance to Foreig...

Turkiye Garanti Bankasi A.S. (TGBD) Turkiye Garanti Bankasi A.S.: CMB Approval for Bond Issuance to Foreign Markets 25-Apr-2025 / 17:44 GMT/BST TO: Investment Community FROM : Garanti BBVA / Investor Relations SUBJECT: CMB Approval for Bond Issuance to Foreign Markets DATE: April 25, 2025   Reference: Public disclosures of T. Garanti Bankası A.Ş. dated April 19, 2013   It was announced on April 19, 2013 that GMTN (Global Medium Term Notes) program has been established by our Bank in order to arrange borrowing instruments issuance transactions in any currency with different s...

 PRESS RELEASE

Turkiye Garanti Bankasi A.S.: Regarding the Capital Increase of our Ba...

Turkiye Garanti Bankasi A.S. (TGBD) Turkiye Garanti Bankasi A.S.: Regarding the Capital Increase of our Bank’s subsidiary Garanti Finansal Kiralama A.Ş. 18-Apr-2025 / 11:04 GMT/BST TO: Investment Community FROM : Garanti BBVA / Investor Relations SUBJECT: Regarding the Capital Increase of our Bank’s subsidiary Garanti Finansal Kiralama A.Ş. DATE: April 18, 2025   At our Bank's Board of Directors' Meeting held on April 17, 2025,  it was resolved to participate the capital increase of our Bank’s subsidiary Garanti Finansal Kiralama A.Ş., with the shares corresponding to TRY 6....

 PRESS RELEASE

Turkiye Garanti Bankasi A.S.: Appointment to the Audit Committee

Turkiye Garanti Bankasi A.S. (TGBD) Turkiye Garanti Bankasi A.S.: Appointment to the Audit Committee 18-Apr-2025 / 10:59 GMT/BST TO: Investment Community FROM : Garanti BBVA / Investor Relations SUBJECT: Appointment to the Audit Committee DATE: April 18, 2025   The Memberships of the Audit Committee have been changed and it was resolved that Pablo Alfonso Pastor Muñoz be elected as the Member of the Audit Committee to replace Jorge Saenz-Azcunaga Carranza at our Bank's Board of Directors' Meeting held on April 17, 2025. The Audit Committee currently consists of Ebru Ogan Knott...

 PRESS RELEASE

Turkiye Garanti Bankasi A.S.: CMB Approval for Bond Issuance to Foreig...

Turkiye Garanti Bankasi A.S. (TGBD) Turkiye Garanti Bankasi A.S.: CMB Approval for Bond Issuance to Foreign Markets 15-Apr-2025 / 13:19 GMT/BST TO: Investment Community FROM : Garanti BBVA / Investor Relations SUBJECT: CMB Approval for Bond Issuance to Foreign Markets   DATE: April 14, 2025     Reference: Public disclosures of T. Garanti Bankası A.Ş. dated April 19, 2013   It was announced on April 19, 2013 that GMTN (Global Medium Term Notes) program has been established by our Bank in order to arrange borrowing instruments issuance transactions in any currency with diffe...

 PRESS RELEASE

Turkiye Garanti Bankasi A.S.: Brokerage Houses Warrants Initial Sale P...

Turkiye Garanti Bankasi A.S. (TGBD) Turkiye Garanti Bankasi A.S.: Brokerage Houses Warrants Initial Sale Prices 11-Apr-2025 / 12:24 GMT/BST TO: Investment Community FROM : Garanti BBVA / Investor Relations SUBJECT: Brokerage Houses Warrants Initial Sale Prices   DATE: April 10, 2025     Brokerage House  warrants to be issued by Türkiye Garanti Bankası A.Ş and whose market making process will be held by Garanti Yatırım Menkul Kıymetler A.Ş, in total number of 680.000.000, will start trading on the Structured Products and Funds Market at Borsa İstanbul A.Ş. on 11.04.2025. The...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch