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Garanti BBVA

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Garanti Bankası A.Ş.
Company typeAnonim şirket
BİST: GARAN
LSETGBD
OTCQXTKGBY
IndustryBanking, Financial services
Founded1946 (1946)
Headquarters,
Number of locations
907 offices [1]
Area served
Worldwide
Key people
Ferit Şahenk
(Chairman)[2]
Ergun Özen
(President & CEO)[3]
ProductsFinancial Services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking
RevenueIncrease 8.895 billion (2011)[1]
Decrease 4.271 billion (2011)[1]
Decrease 3.345 billion (2011)[1]
Total assetsIncrease 163.465 billion (2011)[1]
Total equityIncrease 17.899 billion (2011)[1]
Number of employees
16,688 [1]
ParentDoğuş Holding (%24,22)
BBVA (%25,01)[4]
Subsidiaries
List
  • Garanti Bank International N.V.
    Garanti Bank SA
    GarantiBank Moscow
    Garanti Yatırım
    Garanti Portföy
    Garanti Leasing
    Garanti Factoring
    Garanti Emeklilik ve Hayat
    Garanti Ödeme Sistemleri
    Garanti Konut Finansmanı
    Garanti Teknoloji [5]
Websitewww.garanti.com.tr

Garanti Bank is the second largest-private bank in Turkey with US$90 billion in assets as of December 31, 2010. On November 2, 2010 BBVA (Banco Bilbao Vizcaya Argentaria), Spain's second largest bank, acquired 24.9% stake in Garanti Bank for $5.8 billion. Garanti provides retail, commercial, corporate and private banking services to ten million customers. It operates 853 domestic branches, six foreign branches (in Luxembourg, Malta and Northern Cyprus, four international representative offices (in Moscow, London, Düsseldorf, and Shangai), over 3.000 ATM, a call centre and an Internet bank. Financial magazine Euromoney has picked Garanti Bank as "Best Bank in Turkey" for eleventh time in 2011. Garanti Bank is also recognized as the "Best Managed Company in Central and Eastern Europe" by Euromoney Institutional PLC, being the first Turkish Bank entitled to this award. Other awards include silver certificate from IIP(Investors in People), gold medal from ContactCenterWorld organization, Best Banking Group by World Finance Magazine.

As a universal bank with leading presence in all business lines, Garanti serves to 10 million customers in corporate, commercial, SME, and consumer segments offering fully integrated financial services through its 9 financial subsidiaries that include payment systems, pension, leasing, factoring, brokerage and asset management.

Notes

  1. ^ a b c d e f g "ANNUAL REPORT 2011" (PDF). Garanti Bankası A.Ş. Retrieved 2012-06-26.
  2. ^ "Board of Directors – Garanti Bankası A.Ş." Retrieved June 26, 2012.
  3. ^ "Senior Management – Garanti Bankası A.Ş." Retrieved June 26, 2012.
  4. ^ "Shareholding Structure – Garanti Bankası A.Ş." Retrieved June 27, 2012.
  5. ^ "Subsidiaries – Garanti Bankası A.Ş." Retrieved June 26, 2012.