BBVA’s Turkish franchise is strategically reinforcing its commitment to enhance customer accessibility by extending remote banking services to corporate clients.

Onur Genç remarked on the valuable social contribution made by the Spanish banking sector, at a recent forum organized by the Spanish Banking Association (AEB). According to BBVA’s CEO, “the strength and profitability of Spanish banks is good news for the wider economy.” Looking to the future, “the role of banks, if possible, is more important, as further investments will be needed toward the decarbonization and digitization of the economies.”

The funding will be used to acquire the Tehachapi integrated cement plant in California (U.S.) through its U.S. subsidiary Skanon Investments Inc. BBVA was the sole lead arranger and global coordinator in the operation, along with five other financial institutions.

BBVA’s Turkish franchise, Garanti BBVA has released its financial statements through September 30, 2023. The bank’s net income for the first nine months of the year was TL 57.6 billion, while assets stood at TL 1.97 trillion. Garanti BBVA’s support for the economy in the form of cash and non-cash loans now stands at TL 1.45 trillion.

On October 29,1923, the Turkish state was established as a republic following the Turkish Grand National Assembly’s approval of the constitutional amendment, which was proposed by Atatürk. Türkiye has commemorated Republic Day every October 29th since then, with Northern Cyprus and international delegations and dignitaries participating in the celebrations.

Garanti BBVA is the company where Turkish youth would most like to work in the finance sector, according to Youthall.