• Home
• About SELP II
  • Fund Structure for SELP II
  • Steering Committee
  • Technical Assistance
  • SELP in Numbers
  • How to Apply for a SELP II Loan?
• Project Regions
• Partner Banks
  • Akbank
  • Garanti Bank
  • İş Bank
  • Şekerbank
• Latest News
• Upcoming Events
• Publications
• Testimonials
• Contact

Garanti Bank

Garanti Bank provides retail, commercial, corporate and private banking services to over 9 million customers., it operates through 871 domestic branches, five foreign branches (in Luxembourg, Malta and Northern Cyprus (3)), four international representative offices (in Moscow, London, Dusseldorf and Shanghai), near 3,000 ATMs, a call center and an internet bank utilizing its state-of-the-art technology.

Garanti Bank was established as a privately owned commercial bank in Ankara in 1946. In 1983, Doğuş Group - one of Turkey's largest conglomerates with operations in processed food, retailing, contracting, financial services and tourism - acquired Garanti Bank. In 2001, Garanti Bank became one of the largest players in Turkish banking sector as a result of Doğuş Group's strategic decision to merge all its banking operations under Garanti Bank. On December 23rd, 2005, Garanti Bank became jointly owned by Doğuş Group and General Electric Consumer Finance (GECF). Doğus Holding A.S. entered into a share purchase agreement with Banco Bilbao Vizcaya Argentaria S.A (BBVA) on November 1, 2010. Pursuant to the share purchase agreement, BBVA agreed to acquire Doğuş shares representing 6.2902% of Garanti Bank's issued share capital and General Electric shares representing 18.60%. Following the closing of the transaction Dogus and BBVA will each hold 24,8902% stake in Garanti Bank. Parties agreed that the Board of Directors of Garanti Bank will consist of nine members. Both Dogus Group and BBVA will each nominate 4 members of the Board of Directors of Garanti Bank. The CEO & President of Garanti Bank will be nominated by Dogus Group and will serve as the 9th member of the Board of Directors.

Garanti Bank operates as a full service financial supermarket composed of subsidiary companies focused on providing integrated and synergetic services. Garanti Bank International N.V., Garanti Bank Moscow , Garanti Securities, Garanti Asset Management, Garanti Leasing, Garanti Factoring, Garanti Pension and Life Company, Garanti Payment Systems, and finally Garanti Technology, are all susbsidiary companies of the Garanti Bank, all of which being important players in their sectors. Garanti group's insurance business (former Garanti Sigorta) has been operating under the new name of Eureko Sigorta since October 2007 as a result of Eureko B.V.'s acquiring 80% stake.

Garanti Bank has posted a consolidated net profit of 3,410 million TL in 2010. Its consolidated asset size reached 136.78 billion TL and the return on assets Return on assets (ROA) ratio was 2.8 %. Garanti said its equity size soared by 22.2 percent to reach 16.7 billion TL and the return on equity ratio was 22.3 percent. The bank's total deposits increased to 79.07 billion TL, marking a 15 percent rise over a year earlier and its market share was 11.9 percent.