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 Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armen ...

. 86% of Garanti's stakes are owned by the Spanish bank

Banco Bilbao Vizcaya Argentaria Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Bilbao, with operative offices in Madrid. It is one of the largest financial institutions in the world, ...

(BBVA).

Overview

Garanti Bank is the second-largest private bank in

, with 220 billion assets at the end of 2023. Garanti provides services in all business lines including

payment system A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that ...

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholes ...

commercial Commercial may refer to: * (adjective for) commerce, a system of voluntary exchange of products and services ** (adjective for) trade, the trading of something of economic value such as goods, services, information or money * a dose of advertising ...

wholesale Wholesaling or distributing is the sale of goods or merchandise to retailers; to industrial, commercial, institutional or other professional business users; or to other wholesalers (wholesale businesses) and related subordinated services. In ...

, SME,

private Private or privates may refer to: Music * "In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorded ...

and

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

. 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 Northern Cyprus, officially the Turkish Republic of Northern Cyprus (TRNC), is a '' de facto'' state that comprises the northeastern portion of the island of Cyprus. It is recognised only by Turkey, and its territory is considered by all o ...

and one in

Malta Malta, officially the Republic of Malta, is an island country in Southern Europe located in the Mediterranean Sea, between Sicily and North Africa. It consists of an archipelago south of Italy, east of Tunisia, and north of Libya. The two ...

; two international representative offices in

Düsseldorf Düsseldorf is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in the state after Cologne and the List of cities in Germany with more than 100,000 inhabitants, seventh-largest city ...

and

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

; more than 5,511 ATMs; a call center and Internet, mobile and social banking platforms built on technological infrastructure.

Ownership

The shares of the

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

of Garanti Bank are traded on the

Borsa Istanbul The Borsa İstanbul (abbreviated as BIST) is the sole exchange entity of Turkey combining the former Istanbul Stock Exchange (ISE) (), the Istanbul Gold Exchange () and the Derivatives Exchange of Turkey () under one umbrella. It was establishe ...

, LSE and

OTCQX OTC Markets Group, Inc. (formerly known as National Quotation Bureau, Pink Sheets, and Pink OTC Markets) is an American financial services corporation that operates a financial market providing price and liquidity information for almost 12,400 o ...

. The shareholding in the bank's stock is as depicted in the table below:

Member companies

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

References

Sources

* {{Authority control Turkish brands Banks established in 1946 Banks of Turkey Companies listed on the Istanbul Stock Exchange Companies in the BIST 100 Companies based in Istanbul Doğuş Group Banco Bilbao Vizcaya Argentaria Turkish companies established in 1946

Overview

Ownership

Member companies

See also

References

Sources