Garanti BBVA
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Garanti BBVA
Seray İmer (Garanti BBVA): “A bank’s transformative power comes from the funding it provides”
Seray İmer, Head of Sustainability at Garanti BBVA, recently took part in a ‘Sustainable Future’ show on Bloomberg HT TV, where she outlined Garanti BBVA’s key commitments and targets for a less polluted world.
25 Jun 2024
Garanti BBVA received 10 different awards at the EMEA Finance Achievement and Project Finance Awards. EMEA Finance is one of the leading financial publications in Europe, the Middle East and Africa.
14 Jun 2024
Garanti BBVA announced the renewal of its sustainable syndicated loan. The bank plans to use the loan to finance foreign trade, for general corporate purposes, and to further its commitment to finance investments that support the transition to a low carbon economy. Indexed to sustainable criteria, Garanti BBVA was the first bank in the world to launch a syndicated sustainable loan in 2020.
13 Jun 2024
Garanti BBVA now offers end-to-end online loans for 40 automotive brands. In July 2023, the bank became the first to offer this service, starting with two brands. The loans for zero-kilometer vehicles are available for the bank’s corporate clients, small businesses and self-employed on the Garanti BBVA Mobile app and website.
12 Jun 2024
Garanti BBVA
Garanti BBVA Mobile introduces 'My Vehicle' feature to consolidate all vehicle-related needs
Garanti BBVA continues to enhance its offerings, simplifying life for customers by integrating vehicle-related products and services into a single platform with the "My Vehicle" feature on Garanti BBVA Mobile, the most widely used banking app in Türkiye. Customers can add their license plate information to Garanti BBVA Mobile to track all transactions, expenditures, and campaigns related to their vehicles in one place.
11 Jun 2024
Blockchain
Garanti BBVA Digital Assets now offers crypto custody to all customers on its Garanti BBVA Crypto mobile platform
Garanti BBVA Digital Assets, the first initiative of Garanti BBVA Financial Technologies Inc., is now offering crypto wallet service on its mobile platform. This marks the first time in Turkey that a bank subsidiary has developed and implemented a crypto currencies wallet with its own resources. Garanti BBVA Digital Assets now allows customers to transfer and store bitcoin (BTC), Etherum (ETH) and USD coin (USDC) assets on its mobile platform, Garanti BBVA Crypto.
05 Jun 2024
Koray Öztopçu
Garanti BBVA Consumer Finance director
03 Jun 2024
Garanti BBVA’s mobile platform for cryptocurrencies now offers Avalanche c-chain support for AVAX coins, an asset in high demand in Türkiye.
23 May 2024
In a bid to protect its customers from telephone scams, Garanti BBVA has launched a new feature in its mobile app to reassure customers that the calls they receive from the bank are being made via the bank’s secure channels. When taking a call from somebody claiming to represent the bank, the customer can track whether the caller is genuinely from Garanti BBVA and can see the name of the caller on the alerts screen in the mobile app.
22 May 2024
Garanti BBVA recently held its fifth ‘Sustainable Future in Exports’ meeting in Adana, Türkiye, a hub for Turkish exports. The bank is organizing the series of meetings to encourage foreign investment in the country and boost Türkiye’s export sector in the framework of the European Green Deal. The event brought together renowned leaders and experts in the field who offered their economic analysis and insights on possible sustainable solutions.
21 May 2024
Garanti BBVA, a leader in digital payment innovation in Türkiye, has introduced the country's first biometric verification card, the Bonus Platinum Biometric Card. This groundbreaking product, described as a "game-changing technology" in payment systems, enables users to make quick, unencrypted, and secure payments by scanning their fingerprints. It also allows for limitless secure contactless payments, setting a new standard in the industry.
13 May 2024
The new Salt exhibition, ‘Hava Dair’ (About the Air) aims to give life to the social and environmental aspects of air pollution through a series of different experiments. The exhibition, which is sponsored by Garanti BBVA, was designed by the Milan-based design studio 2050+ for Salt's Beyoğlu location. It can be visited free of charge until August 18th.
01 May 2024
Garanti BBVA International, a Garanti BBVA subsidiary known for its ongoing sustainable financing initiatives, has reached an agreement with Kordsa Teknik Tekstil A.Ş. (Kordsa) for a $50 million sustainable loan.
29 Apr 2024
Garanti BBVA announced its financial results for the first quarter of 2024. The bank’s net income for the first three months of the year stood at TL 22.48 billion; total assets were TL 2.46 trillion; and cash and non-cash loans reached TL 1.85 trillion. Customer deposits represented 71 percent of assets - the main source of funding. The total deposit base reached TL 1.75 trillion, up 9.3 percent this quarter. Garanti BBVA’s capital adequacy ratio was 15.4 percent,* its return on average equity (ROAE) was 36 percent, and return on average assets (ROAA) was 3.9 percent.
*Does not include the forbearance introduced by BRSA
22 Apr 2024
Bonus, Garanti BBVA’s most popular credit card, is now celebrating its 24th anniversary. Bonus also happens to be a credit card platform, having amassed some 18 million users and eight partner banks.
19 Apr 2024
Garanti BBVA Digital Asset’s crypto app, ‘Garanti BBVA Crypto’ was recently presented the award for ‘Pioneers of Digital Finance’ by KPMG Turkey and the Financial Innovation and Technology Association (FINTR).
21 Mar 2024
The BBVA Foundation and Salt, a non-profit cultural institution founded by Garanti BBVA, are joining forces to launch a grant program for Turkish artists, which includes a two-week residency in Spain and the opportunity to show the work produced in Türkiye and Spain.
06 Mar 2024
Climate change
Garanti BBVA launches a series of documentaries addressing the effects of climate change
SALT, Garanti BBVA’s cultural organization, is presenting ‘Is this Our Last Chance?’, a series of documentaries on the effects of climate change. It will be running at the walk-in cinema in SALT’s Beyoğlu facilities and can also be watched online at saltonline.org between February 29 and March 24.
01 Mar 2024
Türkiye’s 17th Women Entrepreneur Awards, organized by Garanti BBVA alongside ‘The Ekonomist’ and the Women Entrepreneurs Association of Türkiye (KAGIDER) was recently held on February 27, 2024.
26 Feb 2024
Garanti BBVA continues to make its clients' lives easier with its digital products and services. The bank’s commercial banking clients are now able to apply for credit limits for loans online - without having to set foot in a branch thanks to Garanti BBVA's "Commercial Credit Limit Application".
23 Feb 2024
The future of the banking industry is shaped by technology and Garanti BBVA is working hard to design the banking model of the future. Garanti BBVA Technology is the bank’s latest and most disruptive initiative yet so it can continue to lead digital banking in Türkiye.
Corporate information
Garanti BBVA issues $500 million Tier 2 subordinated debt, with record demand from investors
BBVA’s Turkish unit has successfully issued a $500 million 10-year bond, with a coupon rate of 8.375 percent. The 10-year Tier 2 subordinated debt has a call option on the fifth year.
21 Feb 2024
Financial and economic wellness
Garanti BBVA hosts students from its social and financial leadership program ‘5 Pebbles’
Students from the ‘5 Pebbles’ program visited 21 Garanti BBVA branches across Türkiye to learn firsthand about the different transactions that take place at banks. Garanti BBVA is a founding member of the Teachers Academy Foundation (ÖRAV) and has been collaborating with them to run this program since 2016.
19 Feb 2024
BBVA’s Turkish unit is launching another pioneering solution, the Bonus Platinum Biometric Card, allowing users to make payments in a secure manner by simply scanning their fingerprint. The innovative new card will be available shortly.
15 Feb 2024
The Turkish central bank recently granted Garanti BBVA an operating license for its new subsidiary, Garanti Payment and Electronic Money Service, Inc., effective February 15, 2024. The innovative new company will begin offering a selected group of customers a beta version of its digital payment solutions under the TAMİ brand in March.
Garanti BBVA CEO Recep Baştuğ has secured the top spot among finance executives and seventh place overall in the latest annual "Türkiye’s Sustainability Leaders" ranking, published by the Turkish franchise of leading business magazine Fast Company.
30 Jan 2024
Garanti BBVA announced its 2023 earnings. The bank’s net income for the year stood at TL 86.91 billion, total assets reached TL 2.20 trillion and the loan portfolio of cash and non-cash loans was TL 1.61 trillion. Deposits remained the main source of funding, representing 73 percent of the bank’s total assets with TL 1.6 trillion. This represents an increase of 77 percent in 2023. Garanti BBVA’s capital adequacy ratio was 16.5 percent,* return on average equity (ROAE) was 44.5 percent and return on average assets (ROAA) was 4.9 percent.
25 Jan 2024
Digital banking
‘Request Payment’, the new way to request and send money, now available via Garanti BBVA Mobile Banking
Following the efforts made by the Interbank Card Center (BKM) in Türkiye to simplify payments among individual and self-employed customers, Garanti BBVA has now launched the ‘Request Payment’ feature via its mobile and online banking services.
24 Jan 2024
Garanti BBVA
Garanti BBVA hosts its fourth 'Sustainable Future in Exports' meeting in Bursa, Türkiye
As part of its strategic commitment to sustainability and inclusive growth, Garanti BBVA continues to host its series of events around the theme 'Sustainable Future in Exports.' The fourth installment of the series—previously held in Istanbul, Gaziantep, and İzmir—unfolded this year in Bursa.
10 Jan 2024
Garanti BBVA is streamlining the loan approval process for retail customers seeking vehicle finance. Utilizing the Instant Loan from Dealer (BAK) feature, customers can swiftly complete transactions with digital document approval through Garanti BBVA Mobile app, ensuring an efficient and seamless experience.