Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Turkiye Garanti Bankasi AS (ADR) (PK:TKGBY)

Business Focus: Banks

Sector:  Financials Industry:  Banks
 
Company Contact
Address: Garanti Bbva
ISTANBUL 34340
Tel: N/A
Website: https://www.garantibbva.com.tr
IR: See website
Key People
Suleyman Sozen
Chairman of the Board of Directors
Cemal Onaran
Executive Vice President - Commercial Banking
Recep Bastug
Chief Executive Officer, Director
Aydin Guler
Executive Vice President - Finance and Treasury
Murat Atay
Executive Vice President, Chief Credit Risk Officer
Mahmut Akten
Executive Vice President - Corporate Investment Banking, Global Markets
Sibel Kaya
Executive Vice President - SME Banking
Ceren Acer Kezik
Executive Vice President - Retail Banking
Ilker Kuruoz
Executive Vice President - Engineering Services and Data
Tuba Koesoglu Okcu
Executive Vice President - Talent & Culture
   
Business Overview
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.
Financial Overview
For the six months ended 30 June 2023, Turkiye Garanti Bankasi AS (ADR) interest income increased 13% to TRY74.38B. Net interest income after loan loss provision increased 1% to TRY23.98B. Net income applicable to common stockholders increased from TRY2.67B to TRY16.46B. Net interest income after loan loss provision reflects Interest on Loans increase of 9% to TRY60.01B, Interest on securities increase of 24% to TRY6.69B.