Garanti: Pre-eminent Banking Franchise
Established in 1946, Garanti Bank is Turkey’s second largest private bank with consolidated assets of US$ 100.9 billion as of March 31, 2015.
Garanti is an integrated financial services group operating in every segment of the banking sector including corporate, commercial, SME, payment systems, retail, private and investment banking together with its subsidiaries in pension and life insurance, leasing, factoring, brokerage, and asset management besides international subsidiaries in the Netherlands, Russia and Romania.
As of March 31, 2015, Garanti provides a wide range of financial services to more than 13 million customers with employees exceeding 19 thousandthrough an extensive distribution network of 995 domestic branches; 6 foreign branches in Cyprus, one in Luxembourg and one in Malta; 3 international representative offices in London, Düsseldorf and Shanghai with 4,163 ATMs, an award-winning Call Center, internet, mobile and social banking platforms, all built on cutting-edge technological infrastructure.
Garanti commands a pioneering position in all lines of business through the profitable and sustainable growth strategy it pursued since the day of its establishment. Its competent and dynamic human resources, unique technological infrastructure, customer-centric service approach, innovative products and services offered with strict adherence to quality carry Garanti to a leading position in the Turkish banking sector.
Following the best practices in corporate governance, Garanti is jointly controlled by two powerful entities, Doğuş Holding Co. and Banco Bilbao VizcayaArgentaria S.A. (BBVA), under the principle of equal partnership*. Having shares publicly traded in Turkey, depositary receipts in the UK and the USA, Garanti has an actual free float of 49.92% in Borsa Istanbul as of March 31, 2015.
With its dynamic business model and superior technology integrated to its innovative products and services, Garanti continues to differentiate itself and facilitate the lives of its customers. Its custom-tailored solutions and wide product variety play a key role in reaching US$ 76.2 billion cash and non-cash loans. The high asset quality attained through advanced risk management systems and established risk culture place Garanti apart in the sector.
Building on the Bank’s core values, Garanti Bank defines Sustainability as a commitment to build a strong and successful business for the future, while minimizing negative environmental and social impacts, and sharing long-term values with its customers, staff, shareholders and the communities it operates in.Garantifurther strengthens its sustainable banking approach through community investment programmes in a variety of topics ranging from sports to education, arts to nature and informing the business world.
*Per disclosure on November 19, 2014; Doğuş Group and BBVA have entered into a Share Purchase Agreement dated November 19, 2014 with respect to sale of shares of T. Garanti Bankası A.Ş. (“Garanti”) representing 14.89% of the share capital with an aggregate nominal value of TL 625,380,000.00. Following the completion of the share transfers, Doğuş Group’s and BBVA’s stake in Garanti will be respectively 10% and 39.9% of the share capital. The transfer of title for the shares sold from Doğuş Group to BBVA will be finalized once the transaction is approved by the relevant authorities in and outside of Turkey including the Banking Regulatory and Supervisory Authority, the Capital Markets Board and the Competition Board.
- 02 September 15Interview with Mr. Fuat Erbil, President & CEO
- 27 July 15The share transfer and change in executive suite
- 05 March 15Best Trade Finance Bank in Turkey
- 22 February 11In the first nine months of 2010, Western Union has moved to Garanti branches and Paramatiksand consolidated net profit of TL 2 billion 665 million.