Garanti BBVA

Turkish bank

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. 86% of Garanti's stakes are owned by the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA).

Garanti Bank is the second largest private bank in Turkey with US$104.1 billion consolidated assets as of March 31, 2013. Having shares publicly traded in Turkey, the UK and the US, Garanti has an actual free float of 50.76% as of March 31, 2013; Garanti shares are publicly traded in Turkey and depository receipts in the UK and the US. Garanti provides services in all business lines including payment systems, retail, commercial, corporate, SME, private and investment banking. Together with its domestic and international subsidiaries (Garanti Bank International, Garanti Bank SA, Garanti Bank Moscow), Garanti offers service also in pension and life insurance, leasing, factoring, brokerage and asset management. Garanti serves twelve million customers through 872 domestic branches, 7 foreign branches in the Turkish Republic of Northern Cyprus and one in Malta; 2 international representative offices in Düsseldorf and Shanghai; more than 5,290 ATMs; a call center and Internet, mobile and social banking platforms built on technological infrastructure.

The shares of the stock of Garanti Bank are traded on the Borsa Istanbul, LSE and OTCQX. The shareholding in the bank's stock is as depicted in the table below:

+ Garanti Bank stock ownershipRank Name of OwnerPercentage Ownership1 Banco Bilbao Vizcaya Argentaria (BBVA)86.003 Others 14.00 Total100.00