trending Market Intelligence /marketintelligence/en/news-insights/trending/2Trb7sOgIca4stkRtZi6Uw2 content esgSubNav
In This List

Türkiye Garanti Bankası off-loads NPL portfolio

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


Türkiye Garanti Bankası off-loads NPL portfolio

Türkiye Garanti Bankası AŞ sold a nonperforming loan portfolio to Güven Varlık Yönetim AŞ for 17.6 million Turkish lira.

The portfolio comprised general purpose loans, receivables arising from credit cards, overdraft loans and expenses in the total principal amount of 337.2 million lira, along with accrued interest as of Nov. 20.

As of Dec. 24, US$1 was equivalent to 5.29 Turkish lira.