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Turkiye Garanti Bankasi AS (TKGBF.PK)

TKGBF.PK on OTC Markets Group

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Fri, Jul 28 2017

Turkey's Garanti Bank Q2 net profit rises 1 percent

ISTANBUL, July 28 Turkish lender Garanti Bank posted an unconsolidated net profit up 1 percent year-on-year to 1.55 billion lira ($439 million) in the second quarter, according to a statement to the Istanbul stock exchange late on Thursday.

BRIEF-Garanti Bankasi signs financing deal with IFC for $150 mln equivalent in lira

* SIGNS AN AGREEMENT TO SECURE $150 MILLION EQUIVALENT TO TURKISH LIRA FINANCING, WITH 5 YEARS MATURITY FROM INTERNATIONAL FINANCE CORPORATION (IFC) UNDER COVERED BOND PROGRAMME Source text for Eikon:

BRIEF-Garanti Bankasi mandates banks for syndicated term loan

* Signs a mandate letter in order to authorize 19 banks as mandated lead arrangers for the grant of a syndicated term loan with a maturity of 367 days

BRIEF-Garanti Bankasi Q1 net profit up at 1.53 bln lira

* Q1 net profit of 1.53 billion lira ($426.54 million) versus 1.04 billion lira year ago

BRIEF-Garanti Bankasi sells 109.8 mln lira worth NPL portfolio

* Sells non-performing loan portfolio of 109.8 million lira ($30.30 million) to Sumer Varlik Yonetim at 9.0 million lira Source text for Eikon:

BRIEF-Spain's BBVA closes acquisition of 9.95 percent of Garanti Bank

* Says it has completed the acquisition of 9.95 percent of Turkey's Garanti Bank, raising stake to 49.85 percent Source text for Eikon: [http://bit.ly/2mrIFnG] Further company coverage: (Reporting by Madrid Newsroom)

BRIEF-Garanti Bankasi secures USD 79.0 mln loan from European Investment Bank

* Secures a financing in the amount of USD 78,997,500 which is equivalent to 75 million euros, with 6 years maturity from European Investment Bank (EIB)

BRIEF-Garanti Bankasi proposes net 0.25 lira/shr dividend for 2016

* Proposes to pay FY 2016 dividend of gross 0.29762 lira ($0.0802) net 0.25298 lira per share

BRIEF-BBVA agrees to buy 9.95 percent stake of Turkey's Garanti Bank

* BBVA has entered today into an agreement for acquisition from Dogus Holding a.s. and Dogus Arastirma Gelistirme ve Musavirlik Hizmetleri a.s. of 41,790,000,000 shares of Turkiye Garanti Bankasi amounting to 9.95 percent of the total issued share capital of Garanti Bank at a total consideration of 7.95 Turkish Liras per share

Spain's BBVA ups stake in Turkey's Garanti to just under 50 pct

MADRID, Feb 21 Spain's second-biggest lender BBVA said on Tuesday it had agreed to buy an extra 9.95 percent of Turkey's Garanti Bank from Dogus Holding for 859 million euros ($905 million), bringing its stake to just under 50 percent.

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