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. |