Garanti BBVA

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).^[2][4]

Garanti BBVA

Company type	Anonim Şirket
Traded as	BİST: GARAN
Industry	Banking, financial services
Founded	11 April 1946; 79 years ago (1946-04-11)
Headquarters	Istanbul , Turkey
Area served	Worldwide
Key people	Süleyman Sözen (chairman) Recep Baştuğ (president & CEO)
Products	List Financial services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking, pension, life insurance, brokerage, leasing, factoring, asset management
Revenue	US$15.53 billion (2024)[1]
Operating income	US$3.50 billion (2024)
Net income	US$2.64 billion (2024)[1]
Total assets	US$88.23 billion (2024)[1]
Total equity	US$9.52 billion (2024)[1]
Owner	BBVA (85.97%)[2]
Number of employees	22,016 (2023)[3]
Subsidiaries	List GarantiBank International N.V. GarantiBank Moscow GarantiBank Romania Garanti Asset Management Garanti Securities Garanti Pension Garanti Leasing Garanti Payment Systems Garanti Mortgage Garanti Technology
Website	garantibbva.com.tr

Overview

Garanti Bank is the second-largest private bank in Turkey, with ₺220 billion assets at the end of 2023.

Garanti provides services in all business lines including payment systems, retail, commercial, wholesale, SME, private and investment banking. Together with its domestic and international subsidiaries (Garanti Bank International, Garanti Bank SA, Garanti Bank Moscow), Garanti offers services also in pension and life insurance, leasing, factoring, brokerage and asset management.

Garanti serves more than twenty-five million customers through 805 domestic branches, seven foreign branches in the Turkish Republic of Northern Cyprus and one in Malta; two international representative offices in Düsseldorf and Shanghai; more than 5,511 ATMs; a call center and Internet, mobile and social banking platforms built on technological infrastructure.^[5]

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:^[6]

Garanti Bank stock ownership

Rank	Name of owner	Percentage ownership
1	Banco Bilbao Vizcaya Argentaria (BBVA)	86.00
3	Others	14.00
	Total	100.00

Member companies

The companies that comprise the Garanti Bank Group include, but are not limited to, the following:^[7]

• Garanti BBVA Crypto
• 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

See also

• Ottoman Bank