Garanti Bankası Completes Sale of Romanian Subsidiaries

In a statement to the Public Disclosure Platform (KAP), Garanti Bankası announced the completion of the sale process of its subsidiaries in Romania. The transaction, carried out through the bank's subsidiaries in the Netherlands, involves the transfer of shares in Garanti Bank and Motoractive IFN, which operate in Romania, to Raiffeisen Bank. According to the statement, the total consideration for the sale was 3 billion Romanian lei. This amount reflects the financial size of Garanti Bankası's exit from its subsidiaries in the Romanian market. The completion of the sale is considered a significant step in the bank's international subsidiary restructuring. The transaction confirms the end of the share transfer process conducted through the subsidiaries in the Netherlands. This development, reported by Garanti Bankası to KAP, formalizes the transfer of its banking and financial leasing subsidiaries in Romania to Raiffeisen Bank. The sector-wide implications of the transaction and the bank's future strategies will be monitored. Not investment advice.