Announcement regarding forward looking statements on the expectations for the year 2020
Announcement regarding forward looking statements on the expectations for the year 2020
Reference: Public disclosure of Türkiye Garanti Bankası A.Ş. (Garanti) on 08.01.2020.
As per the Article 10 of the "Communiqué on Material Events Disclosure" (II-15.1) of Capital Markets Board, T. Garanti Bankası A.Ş has announced it’s forward looking statements regarding the expectations for the year 2020. You may access the related presentation that was published on the Public Disclosure Platform, the Bank’s website and Garanti BBVA Investor Relations’ website at www.garantibbvainvestorrelations.com in Operating Plan Guidance Presentations section.
Within the framework of the changes in the operating environment due to the Covid-19 outbreak, the following revisions were made in 2020 Operating Plan Guidance.
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2020 GUIDANCE
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REVISED 2020YE EXPECTATIONS
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TL Loans (YoY)
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High-teens
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~25%
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FC Loans (in US$, yoy)
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Shrinkage
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Shrinkage
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NIM Incl. Swap Cost
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70-80bps
expansion
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~50bps
expansion
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Excl. CPI
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High-single digit
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High single digit shrinkage
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Fee Growth (YoY)
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Low-teens
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OPEX Growth (YoY)
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~ 6.5%
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~6.5%
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NPL ratio
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~ 200bps
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Net Cost of Risk
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High-teens
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Low-teens
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