Turkiye Garanti Bankasi A.S. (TGBD)
Lawsuit abroad to which the Bank is a party
16-Sep-2019 / 16:09 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
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SUBJECT: Lawsuit abroad to which the Bank is a party
DATE: September 16, 2019
With the public disclosures dated 14.08.2015, 12.10.2015, 11.12.2015,
11.02.2016, 11.04.2016, 10.06.2016, 10.08.2016, 10.10.2016, 12.12.2016,
13.02.2017, 13.04.2017, 14.06.2017, 14.08.2017, 20.09.2017, 20.11.2017,
22.01.2018, 20.03.2018, 21.05.2018, 19.07.2018, 20.09.2018.
With the public disclosure referenced above, it was announced that the
Grande Tribunal of Paris responsible for financial institutions rendered its
decision in a litigation matter where our Bank is listed as one of the
defendants. As a result, a judicial fine together with the indemnification
of public loss were imposed upon our Bank and our Bank filed an appeal
against such decision.
The Appeal Court approved the decision of the Grande Tribunal of Paris. The
Bank disagrees with the conclusion and is planning to conduct all necessary
actions to take this matter to the High Court in France.
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
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Fax: +90 212 216 5902
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E-mail: investorrelations@garantibbva.com.tr
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www.garantibbvainvestorrelations.com [1]
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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.: 20252
EQS News ID: 874431
End of Announcement EQS News Service
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(END) Dow Jones Newswires
September 16, 2019 11:09 ET (15:09 GMT)
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