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Garanti BBVA

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Turkish bank

Garanti BBVA
Company typeAnonim Şirket
Traded asBİST: GARAN
IndustryBanking, Financial services
Founded11 April 1946; 78 years ago (1946-04-11)
HeadquartersIstanbul, Turkey
Area servedWorldwide
Key people
  • Süleyman Sözen
    (Chairman)
  • Recep Baştuğ
    (President & CEO)
Products List
Revenue₺169.6 billion (2023)
Net income₺86.9 billion (2023)
Total assets₺220 billion (2023)
Total equity₺24.5 billion (2023)
OwnerBBVA (85.97%)
Number of employees22,016 (2023)
Subsidiaries List
  • GarantiBank International N.V.
    GarantiBank Moscow
    GarantiBank Romania
    Garanti Asset Management
    Garanti Securities
    Garanti Pension
    Garanti Leasing
    Garanti Payment Systems
    Garanti Mortgage
    Garanti Technology
Websitegarantibbva.com.tr

Garanti BBVA (legal name Türkiye Garanti Bankası A.Ş.; formerly referred to as Garanti Bank in English) is a Turkish financial services company based in Turkey. 86% of Garanti's stakes are owned by the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA).

Overview

Garanti Bank is the second-largest private bank in Turkey with ₺220 billion assets at the end of 2023.

Garanti provides services in all business lines including payment systems, retail, commercial, corporate, SME, private and investment banking. Together with its domestic and international subsidiaries (Garanti Bank International, Garanti Bank SA, Garanti Bank Moscow), Garanti offers services also in pension and life insurance, leasing, factoring, brokerage and asset management.

Garanti serves more than twenty-five million customers through 805 domestic branches, 7 foreign branches in the Turkish Republic of Northern Cyprus and one in Malta; 2 international representative offices in Düsseldorf and Shanghai; more than 5,511 ATMs; a call center and Internet, mobile and social banking platforms built on technological infrastructure.

Ownership

The shares of the stock of Garanti Bank are traded on the Borsa Istanbul, LSE and OTCQX. The shareholding in the bank's stock is as depicted in the table below:

Garanti Bank stock ownership
Rank Name of Owner Percentage Ownership
1 Banco Bilbao Vizcaya Argentaria (BBVA) 86.00
3 Others 14.00
Total 100.00

Member companies

The companies that comprise the Garanti Bank Group include, but are not limited to, the following:

  • Garanti BBVA Crypto
  • Garanti Bank International N.V.
  • Garanti Bank Moscow
  • Garanti Bank Romania
  • Garanti Asset Management
  • Garanti Securities
  • Garanti Pension
  • Garanti Leasing
  • Garanti Factoring
  • Garanti Payment Systems
  • Garanti Mortgage
  • Garanti Technology

See also

References

  1. ^ "Financial summary". Garanti BBVA.
  2. ^ "Garanti BBVA IR".
  3. "Garanti BBVA with numbers".
  4. "El BBVA alcanza una participación del 86% en la filial turca Garanti". Retrieved 21 June 2022.
  5. "Garanti BBVA IR". www.garantibbvainvestorrelations.com.
  6. "Garanti Bank 2014 Annual Report" (PDF). Garanti Bank. 31 December 2014. Archived from the original (PDF) on 1 October 2015. Retrieved 2015-08-29.
  7. "Subsidiaries – Garanti Bankası A.Ş."

Sources

Banco Bilbao Vizcaya Argentaria (BBVA)
Brands
Buildings
Turkey BIST 100 companies of Turkey
Banks of Turkey
Banking in Turkey ∙ Central Bank
Commercial
Public
Private
Foreign
Investment
Public
Participation
Public
Private
Defunct
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  • italic: Global branch page
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