Yet more awards for Garanti Bank.
Garanti, chosen "The Bank of the Year"
Garanti Bank was granted "The Bank Of The Year 2008" award by one of the world's most influential and prestigious publications "The Banker" magazine, published by Financial Times. Garanti, having been found suitable for the magazine's "strong management" and "cautious approach towards risk" criteria, was selected as the most successful bank in 2008 with its strong performance.
Commenting on the subject, Executive Vice President Tolga Egemen said "During these rough times that the Turkish economy has been going through, Garanti was found qualified for the award with its customer-focused, efficiency oriented approach and banking services that it has been providing without compromising the requirements of modern risk management. Adding yet another award to its achievements with The Banker magazine's "The Bank of The Year" award, Garanti once again demonstrated its strength in the sector. We are continuing to make investments to provide services in line with our customers' needs and to support the economy without compromising our asset quality and financial performance. During times that trust towards banks emerges as an issue of debate all over the world, with this award we once again have established the fact that we are a strong and successful bank that accurately defines and effectively manages risk.
The Banker, published by Financial Times, a publication closely followed by the business world, evaluates banks from all over the world in November of every year. In the selection process, besides financial performance, risk management, utilization of new technologies and differentiation strategies are taken into consideration.
For more information about the award: www.thebanker.com
November 26th, 2008