Garanti BBVA sold TL 3.5 billion in non-performing loans for TL 440 million
Five separate portfolio transactions completed between January 24-28, 2026
Four different asset management companies purchased the portfolios
The recovery rate was approximately 12.6% of the principal amounts
📖 Full Retelling
Turkiye Garanti Bankasi A.S. (Garanti BBVA) sold non-performing loan portfolios totaling TL 3.5 billion in principal and contractual interest for TL 440 million in Turkey during late January 2026, completing five separate transactions as part of its asset management strategy. The bank disposed of receivables from various loan types including credit cards, general purpose loans, commercial loans, and overdraft accounts through these portfolio sales. Gelecek Varlık Yönetimi A.Ş. emerged as the largest buyer, acquiring three of the five portfolios for TL 246 million combined, while Emir Varlık Yönetim A.Ş. and Birikim Varlık Yönetim A.Ş. each purchased one portfolio for TL 97 million. The transactions represent a significant reduction in the bank's non-performing assets, with a recovery rate of approximately 12.6% of the principal and contractual interest amounts. Garanti BBVA confirmed that the information conforms with the principles outlined in the Capital Markets Board's Communiqué Serial II Nr.15.1, ensuring regulatory compliance in these asset sales.
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible asset...
Garanti BBVA (legal name Türkiye Garanti Bankası A.Ş.; formerly referred to as Garanti Bank in English) is a Turkish financial services company based in Turkey. 86% of Garanti's stakes are owned by the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA).
The sale of a large non-performing loan portfolio by Garanti BBVA is significant as it helps the bank clean up its balance sheet and reduce financial risk. This move improves the bank's asset quality and frees up capital for new lending activities.
Context & Background
Garanti BBVA is a major Turkish bank
The sale involved five separate portfolios totaling TL 3.5 billion in face value
The loans were sold for TL 440 million, a recovery rate of about 12.6%
The portfolios included various loan types like credit cards and commercial loans
The sales were completed in late January 2026
What Happens Next
Garanti BBVA will likely use the proceeds to strengthen its financial position and potentially increase lending. The asset management companies that purchased the portfolios will now work on recovering the debts.
Frequently Asked Questions
What is a non-performing loan?
A non-performing loan is a debt that is in default or close to being in default, meaning the borrower has not made scheduled payments for a significant period.
Who bought the loan portfolios?
The portfolios were purchased by three asset management companies: Gelecek Varlık Yönetimi A.Ş., Emir Varlık Yönetim A.Ş., and Birikim Varlık Yönetim A.Ş.
What was the recovery rate on the loans?
The total recovery rate was approximately 12.6% of the principal and contractual interest amounts.
Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump to raise global tariff rate to 15% after Supreme Court ruling 10% market drop could meaningfully dent U.S. consumption, BCA says Can gold rise to new highs above $5,600 in 2026? BCA flags rising risk of Trump trade escalation by 2027 (South Africa Philippines Nigeria) Garanti BBVA sells TL 3.5 billion non-performing loan portfolio By Investing.com Company News Published 02/22/2026, 04:12 AM Garanti BBVA sells TL 3.5 billion non-performing loan portfolio 0 TKGBY 0.00% TURKEY - Turkiye Garanti Bankasi A.S. sold non-performing loan portfolios totaling TL 3.5 billion in principal and contractual interest for TL 440 million, according to a press release statement. The bank completed five separate portfolio sales in late January 2026. The transactions involved receivables from various loan types including credit cards, general purpose loans, commercial loans, overdraft accounts, and related expenses. Gelecek Varlık Yönetimi A.Ş. purchased three portfolios. The first portfolio, valued at TL 617.2 million as of January 24, sold for TL 47 million. The second portfolio, valued at TL 718.3 million as of January 25, sold for TL 100 million. The third portfolio, valued at TL 718 million as of January 26, sold for TL 99 million. Emir Varlık Yönetim A.Ş. acquired a portfolio valued at TL 717.9 million as of January 27 for TL 97 million. Birikim Varlık Yönetim A.Ş. purchased a portfolio valued at TL 718.2 million as of January 28 for TL 97 million. The combined face value of the five portfolios totaled approximately TL 3.49 billion, while the total consideration paid was TL 440 million, representing a recovery rate of approximately 12.6% of the principal and contractual interest amounts. Garanti BBVA stated the information conforms with the principles in the Capital Markets Board’s Communiqué Serial II Nr.15.1 and reflects information from the bank’s records and documents. This article was generated with the support of...
