Garanti_BBVA
Garanti BBVA
Turkish bank
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).[4][5]
| Company type | Anonim Şirket |
|---|---|
| BİST: GARAN | |
| Industry | Banking, Financial services |
| Founded | 11 April 1946; 77 years ago (1946-04-11) |
| Headquarters | , |
Number of locations | 872 branches (2020)[1] |
Area served | Worldwide |
Key people |
|
| Products | |
| Revenue |  ₺42.3 billion (2020)[2] |
| ₺8.3 billion (2020)[2] | |
| ₺6.3 billion (2020)[2] | |
| Total assets | ₺540.9 billion (2020)[2] |
| Total equity | ₺54.1 billion (2019)[3] |
| Owner | BBVA (85.97%)[4] |
Number of employees | 18,636 (2020)[1] |
| Subsidiaries | List
|
| Website | garantibbva.com.tr |
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 872 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 5,290 ATMs; a call center and Internet, mobile and social banking platforms built on technological infrastructure.[6]
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:[7]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Banco Bilbao Vizcaya Argentaria (BBVA) | 86.00 |
| 3 | Others | 14.00 |
| Total | 100.00 | |
The companies that comprise the Garanti Bank Group include, but are not limited to, the following:[8]
- 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
- "Annual report 2020" (PDF). Garanti BBVA. Retrieved 18 April 2023.
- "El BBVA alcanza una participación del 86% en la filial turca Garanti". Retrieved 21 June 2022.
- "Garanti BBVA IR". www.garantibbvainvestorrelations.com. Retrieved 21 September 2021.
- "Garanti Bank 2014 Annual Report" (PDF). Garanti Bank. 31 December 2014. Archived from the original (PDF) on 1 October 2015. Retrieved 2015-08-29.
- Garanti BBVA Integrated Annual Report 2019 (PDF), Garanti BBVA, 2019, archived from the original (PDF) on 17 April 2020
