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).

Overview

Garanti Bank is the second largest private bank in Turkey with

US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

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 SME may refer to: Economics * Small and medium-sized enterprises * Socialist market economy, an economic system of China Organizations Music * SME Limited, UK audio turntable manufacturer * Sony Music Entertainment, US * Spontaneous Music Ensembl ...

private Private or privates may refer to: Music * " In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorde ...

and

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

. 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 Cyprus and one in Malta; 2 international representative offices in Düsseldorf and Shanghai; more than 5,290 ATMs; an award winning call center and Internet, mobile and social banking platforms built on technological infrastructure.

Ownership

The shares of the

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of Garanti Bank are traded on the Borsa Istanbul, LSE and

OTCQX OTC Markets Group (previously known as Pink Sheets) is an American financial market providing price and liquidity information for almost 10,000 Over-the-counter (finance), over-the-counter (OTC) securities. The group has its headquarters in Ne ...

. The shareholding in the bank's stock is as depicted in the table below:

Member companies

The companies that comprise the Garanti Bank Group include, but are not limited to, the following: * Garanti Bank International N.V. * Garanti Bank Moscow * Garanti Bank Romania * Garanti Asset Management * Garanti Securities * Garanti Pension * Garanti Leasing * Garanti Factoring * Garanti Payment Systems * Garanti Mortgage * Garanti Technology

References

Sources

External links

* {{Authority control Turkish brands Banks established in 1946 Banks of Turkey Companies listed on the Istanbul Stock Exchange Companies based in Istanbul Doğuş Group Banco Bilbao Vizcaya Argentaria Turkish companies established in 1946