Frequently Asked Questions
- What are Garanti Bank's vision and mission?
- What is Garanti Bank's strategy?
- When was Garanti Bank founded?
- To how many customers does Garanti Bank provide financial services?
- How many internet customers does Garanti Bank have?
- How many domestic and foreign branches does Garanti Bank have?
- How many people does Garanti Bank employ?
- What is the bank's ownership structure?
- What are the bank's ratings?
- In which stock exchanges do Garanti Bank shares trade?
- How many Garanti Bank shares are publicly traded?
- Does each Garanti share have equal representation on the board?
- What are Garanti Bank's subsidiaries?
- Where can I view the annual reports of the bank?
- Who are the members of the Board of Garanti Bank?
- Where can I view the bank's articles of association?
What are Garanti Bank's vision and mission?
Garanti's vision is to be the best Bank in Europe.
The bank's mission is to continuously and noticeably increase the value it creates for its customers, shareholders, employees, the society and the environment by utilizing its influence, agility and organizational efficiency.
What is Garanti Bank's strategy?
Garanti's strategy is to maintain long-term sustainable growth by continuously creating value.
For details please click.
When was Garanti Bank founded?
Garanti was founded in Ankara in 1946.
To how many customers does Garanti Bank provide financial services?
Garanti provides financial services to over 8 million customers as of the end of 2008.
How many internet customers does Garanti Bank have?
As of the end of 2008, Garanti has over 1 million active internet users.
How many domestic and foreign branches does Garanti Bank have?
As of the end of 2008, Garanti Bank has 721 domestic branches; 5 foreign branches in Luxembourg, Malta and the Turkish Republic of Northern Cyprus, and 4 representative offices in Shanghai, London, Moscow and Düsseldorf.
How many people does Garanti Bank employ?
As of the end of 2008, Garanti has an employee base of over 16,350 employe
What is the bank's ownership structure?
| Name | Number of Shares | TL | %Share |
|---|---|---|---|
| DOGUS HOLDING A.S. | 112.150.416.189 | 1.121.504.161,89 | 26,7025% |
| DOGUS ARASTIRMA, GELISTIRME ve MUSAVIRLIK HIZ. A.S. | 15.955.423.702 | 159.554.237,02 | 3,7989% |
| DOGUS NAKLIYAT VE TIC A.S. | 60.654.629 | 606.546,29 | 0,0144% |
| DOGUS GROUP TOTAL | 128.166.494.520 | 1.281.664.945,20 | 30,5158% |
| GE ARASTIRMA ve MUSAVIRLIK Ltd. | 87.571.249.898 | 875.712.498,98 | 20,8503% |
| OTHERS | 204.262.255.582 | 2.042.622.555,82 | 48,6339% |
| GRAND TOTAL | 420.000.000.000 | 4,200.000.000,00 | %100.00 |
| *Garanti Bank's majority shareholders are Dogus Holding (geographic origin: Turkey) with a share of 30.52% and GE Capital (geographic origin: USA) with a share of 20.85%. | |||
| Standard & Poor's ( February 22 , 2010) | |
|---|---|
| Outlook | Positive |
| Long term FC counterparty | BB |
| Long term FC Deposit | BB |
| Moody's (January 8, 2010) | |
| Outlook | Stable |
| Long term FC Deposit | Ba3 |
| Long term TL Deposit | Baa1 |
| Short term FC Deposit | Not-Prime (NP) |
| Short term TL Deposit | Prime-2 |
| FSR | C- |
| National Scale Rating - Long Term/Short Term | Aa1.tr / TR - 1 |
| Baseline Credit Assessment | Baa1 |
| FITCH (December 11, 2009) | |
| Outlook | Stable |
| Long Term FC | BBB- |
| Short Term FC | F3 |
| Individual Rating | C |
| Support | 3 |
| Long Term TL | BBB- |
| Short Term TL | F3 |
| National Rating | AAA (TUR) |
| JCR Eurasia Rating (February 3 , 2010) | |
| Outlook | Stable |
| Long Term International FC | BBB- |
| Long Term International TL | BBB |
| Long Term National Local Rating | AAA (Trk) |
| Short Term International FC | A-3 |
| Short Term International TL | A-3 |
| Short Term National Local Rating | A-1+ (Trk) |
| Sponsored Support | 1 |
| Stand-Alone | A |
In which stock exchanges do Garanti Bank shares trade?
Garanti shares are traded on the Istanbul Stock Exchange(ISE) under the ticker symbol "GARAN". The shares are also listed on the London Stock Exchange Main Market (LSE). Garanti shares were initially offered to public in 1990. In 1993, the Bank became the first Turkish company to offer its shares to international markets in the form of American/Global Depositary Receipts (ADR/GDR). These international DRs are currently being traded on the International Order Book (IOB), which is the international market of the LSE.
How many Garanti Bank shares are publicly traded?
Garanti Bank has 2.04 billion publicly traded shares. Garanti shares are traded at Istanbul Stock Exchange (ISE). The publicly traded shares make up a 49% of the free float.
Does each Garanti share have equal representation on the board?
Yes, each Garanti Bank share has equal representation on the board.
What are Garanti Bank's subsidiaries?
| Subsidiaries | Address (City/ Country) | Parent Bank's Share – If Different, Voting Rights (%) | Shares of Other Consolidated Subsidiaries (%) | Method of Consolidation | |
| 1 | Garanti Finansal Kiralama AŞ | Istanbul/Turkey | 94.10 | 5.86 | Full Consolidation |
| 2 | Garanti Faktoring Hizmetleri AŞ | Istanbul/Turkey | 55.40 | - | Full Consolidation |
| 3 | Garanti Yatırım Menkul Kıymetler AŞ | Istanbul/Turkey | 100.00 | - | Full Consolidation |
| 4 | Garanti Portföy Yönetimi AŞ | Istanbul/Turkey | 100.00 | - | Full Consolidation |
| 5 | Garanti Emeklilik ve Hayat AŞ | Istanbul/Turkey | 84.91 | - | Full Consolidation |
| 6 | Garanti Bank International NV | Amsterdam/Holland | 100.00 | - | Full Consolidation |
| 7 | Garanti Bank Moscow | Moscow/Russia | 75.02 | 24.86 | Full Consolidation |
| 8 | Garanti Financial Services Plc | Dublin/Ireland | 99.99 | - | Full Consolidation |
| 9 | Garanti Fund Management Co Ltd | Valetta/Malta | 99.50 | - | Full Consolidation |
Where can I view the annual reports of the bank?
Please click to view the annual report.
Who are the members of the Board of Garanti Bank?
The members of the Board of Directors are: the Chairman of the Board of Directors Ferit Faik Şahenk, Chief Executive Officer Ergun Özen, Süleyman Sözen, Ahmet Kamil Esirtgen, Denis Arthur Hall, Dmitri Lysander Stockton, Muammer Cüneyt Sezgin, Des O'Shea, and Xavier Pascal Durand.
Where can I view the bank's articles of association?
Please click to view the articles of association.