Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: About the annulment action filed against the
Turkish Competition Board
18-Jun-2019 / 09:22 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: About the annulment action filed against the Turkish Competition
Board
DATE: June 18, 2019
Ref: Our public disclosures dated
21.04.2015-31.08.2016-31.10.2016-30.12.2016-01.03.2017-04.05.2017-06.07.2017
-06.09.2017-08.11.2017-10.01.2018-09.03.2018-09.05.2018-04.07.2018-05.09.201
8-08.11.2018-03.04.2019
In our Bank's public disclosures mentioned above, we disclosed that the
annulment action filed by our Bank before the 2nd Administration Court of
Ankara regarding Turkish Competition Board's decision dated March 8, 2013
and no. 13-13/198-100 on imposing administrative fine against our Bank has
been rejected, our Bank has appealed such decision of rejection, the appeal
has been rejected by the 13th Chamber of the Council of State and our Bank
has requested the revision of such decision from the Council of State.
The 13th Chamber of the Council of State has decided that the decision of
the 2nd Administration Court of Ankara be dismissed in favor of our Bank and
the file to be sent to the court to be re-decided. The legal process is
still ongoing.
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: +90 212 318 2352
.....................
Fax: +90 212 216 5902
.....................
E-mail: investorrelations@garantibbva.com.tr
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www.garantibbvainvestorrelations.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.: 10522
EQS News ID: 826531
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 18, 2019 04:23 ET (08:23 GMT)
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