Turkiye Garanti Bankasi AS
IST:GARAN.E

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Turkiye Garanti Bankasi AS
IST:GARAN.E
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Price: 128.3 TRY 0.79% Market Closed
Market Cap: 538.9B TRY

Turkiye Garanti Bankasi AS
Investor Relations

In the vibrant landscape of the Turkish banking sector, Turkiye Garanti Bankasi A.S., commonly known as Garanti BBVA, stands as a formidable player with a rich legacy dating back to its founding in 1946. Initially emerging from modest beginnings, Garanti has evolved into the second-largest private bank in Turkey by asset size. The bank orchestrates a symphony of services tailored to meet the needs of its diverse clientele, ranging from retail and private banking to corporate and commercial banking. Garanti BBVA’s robust service model is characterized by its extensive network of branches and a comprehensive digital platform, which is pivotal in delivering seamless banking experiences. This approach not only serves its customers effectively but also strengthens its market presence, ensuring a steady stream of revenue across its service lines.

Central to its business model is the bank’s strategic focus on customer-centered innovation. By leveraging its affiliation with the globally recognized BBVA Group, Garanti has access to a reservoir of international expertise and resources that enhance its competitive edge. The bank’s commitment to digital transformation is a cornerstone of its operations, leading to an impressive suite of mobile and online banking solutions that increase customer engagement and operational efficiency. Revenue streams are diversified across a broad spectrum, with interest income from loans and investment securities playing a vital role, supplemented by fees and commissions from an array of financial services. As it navigates the dynamic financial terrain of Turkey and beyond, Garanti BBVA epitomizes a blend of traditional banking acumen and modern digital prowess, crucial for sustaining profitability and growth.

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Earnings Calls

2024 Q3
Oct 30, 2024
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Garanti BBVA Reports Strong 27% Earnings Growth Amid Regulatory Challenges
2024 Q3
Oct 30, 2024

In the third quarter of 2024, Garanti BBVA achieved a net income of TRY 22.4 billion, marking a 27% year-on-year growth. Year-to-date net income reached TRY 67 billion. The bank's core banking revenues surged by 58%, driven by an 18% increase in net fees and commissions. Despite tightening regulations, the bank's cost-income ratio improved to 42%. For 2025, Garanti anticipates lower rates leading to a 200-250 basis points increase in cost of risk. The guidance for return on equity is maintained in the mid-30s, with expectations for continued growth in fees and commissions.

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Management

Mr. Mahmut Akten
CEO & Director
No Bio Available
Hakan Özdemir
Financial Reporting & Accounting Director
No Bio Available
Ms. Handan Saygin
Director of Investor Relations
No Bio Available
Mr. Osman Bahri Turgut
Head of Internal Audit & Chief Audit Executive
No Bio Available
Mr. Cemal Onaran
Executive Vice President of Commercial Banking
No Bio Available
Vahan Uckardes
Senior Vice President of Financial Planning & Analysis
No Bio Available
Ms. Ozlem Oner Ernart
Head of Risk Management
No Bio Available
Mr. Murat Atay
Head of Credit Risk Management
No Bio Available
Teoman Alponat
Senior Vice President of Retail Collections
No Bio Available
Ms. Ceren Acer Kezik
Executive Vice President of Retail Banking
No Bio Available

Contacts

Address
Garanti Bbva
Contacts
+902123181818.0
www.garantibbva.com.tr