Garanti BBVA sells 690 million TL worth of past due receivables

In a statement made by Garanti BBVA to the Public Disclosure Platform, it was stated that its past due receivables portfolio as of different dates was sold to Gelecek Varlık Yönetim and Dünya Varlık Yönetimi companies. In a statement made by Garanti BBVA to the Public Disclosure Platform (KAP), it was stated that the bank's past due receivables portfolio was sold to Gelecek Varlık Yönetim and Dünya Varlık Yönetimi companies. In the statement made by the bank on KAP, it was noted that the bank's credit card, support loan, checking account, installment loan, overdraft account receivables as well as related expense accounts and other types of receivables, with a total principal amount of TL 516 million 167 thousand 413.02 as of October 11-12, 2022, were sold to Gelecek Varlık Yönetim for TL 142 million 850 thousand, together with interest. On the other hand, it was announced that commercial loans, installment loans, credit cards, support loans, checking accounts, overdrafts and related expense accounts and other receivables with a principal balance of 174 million 362 thousand 100.40 TL as of October 13, 2022 were sold to Dünya Varlık Yönetimi for 21 million 151 thousand TL, together with their interests.