Garanti Bank acquires a 20% shareholding in Eureko Sigorta.
Founded in 1946 in Ankara, Garanti Bank with its consistently improving performance throughout the years is the second largest private bank in Turkey* today. In 2008, Garanti delivered the highest ordinary banking income growth of 22% and increased its customer base by over one million, underscoring the resilience of its business model in a difficult year.
As a universal bank with leading presence in all business lines, Garanti serves to over 8 million customers in corporate, commercial, SME, and consumer segments offering fully integrated financial services through its 9 financial subsidiaries that include payment systems, pension, leasing, factoring, brokerage and asset management.
Aiming to sustain its consistent growth trend, Garanti, as of today, operates 730 domestic branches, 2600 ATMs and employs more than 14,500 employees.
In accordance with its vision to become a regional player in the banking sector, Garanti pursues close and lasting relationships with markets in the geographic regions of close proximity.
Over its 62-year history, Garanti became acknowledged worldwide for its strength and tradition in providing high quality offerings. Through its dynamic business approach and its commitment to technological innovation, Garanti has developed groundbreaking practices for increased efficiencies and accomplished many firsts in the banking scene. Its wide product variety combined with custom-tailored solutions is a key competitive advantage in its success as Turkey ’s largest lender providing more than $44 billion in cash and non-cash loans. Among Garanti ’s main distinguishing factors is its sound asset quality through advanced risk management systems, established risk culture, and strong collection capability. Prudent management and risk approach have earned the Bank strong brand recognition as the "Best Bank in Turkey".
Jointly owned by Dogus Holding and GE Capital, Garanti is publicly traded in the ISE with a free float of 49%. Committed to corporate governance best practices, Garanti strives to contribute the maximum added value to all its stakeholders in a consistent way.
Believing that its corporate mission involves more than banking, Garanti is dedicated to sustainable banking practicesand to a long-term strategy for creating value to the communities in which it operates. This commitment is reflected in its day-to-day operations and in the numerous projects in which it is involved, comprising culture, the arts, education, sports and the environment.