Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Announcement regarding revised Corporate
Governance Ratings
11-Dec-2019 / 06:51 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: Announcement regarding revised Corporate Governance Ratings
DATE: November 11, 2019
Our Bank has signed an agreement with JCR Eurasia Rating, which is an
authorized rating agency operating under the license of the Capital Markets
Board of Turkey ("CMB") in accordance with the Corporate Governance
Principles issued by the CMB, on 17.07.2018 for a period of two years. As a
result of JCR Eurasia Rating's assessment for 2019, our Bank's Corporate
Governance compliance score has been revised up to 9.73 from 9.60 (over 10)
and the outlook has been assigned as Positive.
The Bank's overall Corporate Governance Rating is determined, in compliance
with the relevant regulations of the CMB, under the weighted four
sub-sections. Compliance levels in each of the four main sections with
comparison to the previous year are as below. The rise in two sub-sections
in 2019 has increased the Bank's overall compliance score.
MAIN WEIGHT DEC 11, 2018 DEC 11,
SECTIONS 2019
Shareholders 25% 9,22 9,67
Disclosure 25% 9,67 9,67
and
Transparency
Stakeholders 15% 9,72 9,86
Board of 35% 9,76 9,76
Directors
Corporate 9,60 9,73
Governance
Overall
Score
The Bank will remain to be within the scope of Borsa Istanbul Corporate
Governance Index due to its overall corporate governance compliance score
being higher than the threshold score of "7".
Corporate Governance Rating Report prepared by JCR Eurasia Rating is
accessible on the Bank's Investor Relations website
www.garantibbvayatirimciiliskileri.com [1] and
www.garantibbvainvestorrelations.com [2]
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
............................................
www.garantibbvainvestorrelations.com [3]
........................................
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.: 34680
EQS News ID: 933213
End of Announcement EQS News Service
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(END) Dow Jones Newswires
December 11, 2019 01:51 ET (06:51 GMT)
