Garanti BBVA

Garanti BBVA (legal name Türkiye Garanti Bankası A.Ş; formerly referred to as Garanti Bank in English) is a financial services company based in Turkey. 49.85% of Garanti's stakes are owned by the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA).[4]

Garanti BBVA
TypeAnonim Şirket
BİST: GARAN
IndustryBanking, Financial services
Founded11 April 1946 (1946-04-11)
Headquarters
Istanbul
,
Turkey
Number of locations
914 branches (2019)[1]
Area served
Worldwide
Key people
Süleyman Sözen
(Chairman)
Recep Baştuğ
(President & CEO)
Products
Revenue ₺25.1 billion (2019)[2]
₺7.9 billion (2019)[2]
₺6.2 billion (2019)[3]
Total assets ₺428.6 billion (2019)[3]
Total equity ₺54.1 billion (2019)[3]
OwnerBBVA (49.85%)[4]
Number of employees
18,784 (2019)[1]
Subsidiaries
Websitehttps://www.garantibbva.com.tr

Overview

Garanti Bank is the second largest private bank in Turkey with US$104.1 billion consolidated assets as of March 31, 2013. Having shares publicly traded in Turkey, the UK and the US, Garanti has an actual free float of 50.76% as of March 31, 2013; Garanti shares are publicly traded in Turkey and depository receipts in the UK and the US.

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 service also in pension and life insurance, leasing, factoring, brokerage and asset management.

Garanti serves twelve million customers through 936 domestic branches, 6 foreign branches in Cyprus, one in Luxembourg and one in Malta; 3 international representative offices in London, Düsseldorf and Shanghai; more than 3,550 ATMs; an award winning 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:[5]

Garanti Bank stock ownership
RankName of OwnerPercentage Ownership
1Banco Bilbao Vizcaya Argentaria (BBVA)49.85
3Others50.15
Total100.00

Member companies

The companies that comprise the Garanti Bank Group include, but are not limited, to the following:[6]

  • 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

References
  1. Garanti BBVA Integrated Annual Report 2019 2019, p. 26.
  2. Garanti BBVA Integrated Annual Report 2019 2019, p. 225.
  3. Garanti BBVA Integrated Annual Report 2019 2019, p. 27.
  4. https://www.garantiinvestorrelations.com/en/about-garanti/detay/Shareholding-Structure/7/16/0
  5. "Garanti Bank 2014 Annual Report" (PDF). Garanti Bank. 31 December 2014. Archived from the original (PDF) on 1 October 2015. Retrieved 2015-08-29.
  6. "Subsidiaries – Garanti Bankası A.Ş."

Sources
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