Established in 1946, Garanti Bank is Turkey’s second largest private bank with consolidated assets of US$ 103.1 billion as of March 31, 2016.
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, 2016, Garanti provides a wide range of financial services to more than 14 million customers with its 19.8 thousand employees through an extensive distribution network of 972 domestic branches; 7 foreign branches in Cyprus, one in Luxembourg and one in Malta; 3 international representative offices in London, Düsseldorf and Shanghai; 4,540 ATMs, an award-winning Call Center, internet, mobile and social banking platforms, all built on cutting-edge technological infrastructure.
Moving forward to maintain sustainable growth by creating value to all its stakeholders, Garanti builds its strategy on the principles of always approaching its customers in a “transparent”, “clear” and “responsible” manner, improving customer experience continuously by offering products and services that are tailored to their needs. 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 controlled by two powerful entities, Banco Bilbao Vizcaya Argentaria S.A. (BBVA) and Doğuş Group with shares of 39.9% and 10.0%, respectively. Having shares publicly traded in Turkey, depositary receipts in the UK and the USA, Garanti has an actual free float of 50.02% in Borsa Istanbul as of March 31, 2016.
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$ 81.3 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. Garanti further strengthens its sustainable banking approach through community investment programs in a variety of topics ranging from sports to education, arts to nature and informing the business world.
About BBVA (Banco Bilbao Vizcaya Argentaria, S.A.)
BBVA is a customer-centric global financial services group founded in 1857. The Group is the largest financial institution in Spain and Mexico and it has leading franchises in South America and the Sunbelt Region of the United States; and it is also the leading shareholder in Garanti, Turkey’s largest bank in terms of market capitalization. Its diversified business is focused on high-growth markets and it relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. BBVA operates with the highest integrity and a long-term vision, while applying best practices. The Group is included in the major sustainability indices.
About Doğuş Group:
Established in 1951, Doğuş Group is a local majority shareholder of Garanti Bank. The Group is a corporate leader in the region, operating in the financial services, automotive, construction, media, tourism and services, real estate, energy and entertainment sectors. In addition, the Group sustains its growth with new investments in the areas of technology, sports, and entertainment. Doğuş Group is serving its customers in 30 countries with more than 290 companies and over 50,000 employees. The Group has created synergies with global giants including BBVA in finance, Volkswagen AG and TÜVSÜD in automotive, National Geographic and Condé Nast in media, Hyatt International Ltd. and HMS International Hotel GmbH (Maritim) in tourism, Latsis Group, Kiriacoulis Group and Adriatic Croatia International (ACI) Group in marine, and the International Azumi Group, which has Coya, Roka, Zuma and Oblix brands under its umbrella, in the food & beverage and entertainment industry.