Dow Jones received a payment from EQS/DGAP to publish this press release.
Turkiye Garanti Bankasi A.S. (TGBD)
Announcement Regarding the Conclusion of RUSF Lawsuit
19-Feb-2019 / 15:21 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 Bank / Investor Relations
........................................
SUBJECT: Announcement Regarding the Conclusion of RUSF Lawsuit
DATE: February 19, 2019
.......................
Reference: Public disclosure of Türkiye Garanti Bankasi A.S. (Garanti) on
06.01.2017, 27.01.2017, 28.03.2017, 01.06.2017, 26.07.2017, 26.09.2017,
27.11.2017, 29.01.2018, 27.03.2018, 30.05.2018, 30.07.2018, 30.09.2018.
With the public disclosure referenced above, it has been announced that as a
result of the tax audit which was carried out by the inspectors of the Tax
Inspection Board Istanbul Large Scale Taxpayers Group, with regards to the
potential RUSF out of fees received from the retail loan customers, a tax
audit report has been prepared for the year 2011 and the total RUSF claim,
including principal and late interest payment amounts to TL 15.859.749,78.
Our Bank has filed a lawsuit before Istanbul Administrative Courts for
cancellation of such RUSF and late interest payment amount in due time.
Following the stay of execution order by the District Administrative Court,
the relevant Administration has decided to cancel the payment order. The
relevant legal process has been completed in favor of our Bank with the
decision of 10th Chamber of the Counsel of State.
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 Bank
Contact Garanti Bank Investor Relations:
Tel: +90 212 318 2352
.....................
Fax: +90 212 216 5902
.....................
E-mail: investorrelations@garanti.com.tr
........................................
www.garantiinvestorrelations.com [1]
....................................
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.: 7559
EQS News ID: 777743
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=595ef4909981a1f1a77eaa7d6eb493a3&application_id=777743&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
February 19, 2019 10:22 ET (15:22 GMT)
© 2019 Dow Jones News
