Turkiye Garanti Bankasi : Announcement regarding former public disclosures that are not yet resolved
February 05, 2018 at 05:15 am EST
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Announcement regarding former public disclosures that are not yet resolved
Reference: Public disclosures of Türkiye Garanti Bankası A.Ş. (Garanti ) dated 18.08.2015, 30.09.2015, 30.11.2015, 29.01.2016, 29.03.2016, 30.05.2016, 02.08.2016, 03.10.2016, 02.12.2016, 02.02.2017, 03.04.2017, 02.06.2017, 03.08.2017, 03.10.2017 and 04.1202017.
With the public disclosures referenced above, it was announced that the Ministry of Customs and Trade has imposed an administrative fine on our Bank, our Bank has paid such fine and filed an annulment action against the decision of the Ministry regarding the administrative fine in due time.
The court of first instance has rejected such action. The decision of the first instance court was appealed and the developments will be disclosed to the public, if any.
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Turkiye Garanti Bankasi AS published this content on 05 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 February 2018 10:14:06 UTC.
Original documenthttps://www.garantiinvestorrelations.com/en/news/detay/Announcement-regarding-former-public-disclosures-that-are-not-yet-resolved/112/6255/0
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Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.
TURKIYE GARANTI BANKASI 
