GARANTI BANK S.A. (Romania)

Address

Sos. Fabrica de Glucoza nr.5, Business Center, Novo Park 3, cladirea F, et.5 si 6, sector 2, 020331, BUCURESTI, Romania

BIC

UGBIROBU

Overview

Business Focus

retail and corporate banking

Garanti Bank is present in Romania since 1998 and offers retail, SME and corporate banking products and services. Garanti Bank supports projects that encourage the development of the Romanian entrepreneurship, environmental issues, as well as other initiatives impacting the community.

Performance

In 2023, GARANTI BANK S.A. achieved the position of 13th largest bank in Romania with a market share of 1.72%; its total assets grew by 14.17%.

Additionally, the bank became the 12th profitable bank in relation to its total assets showcasing 1.02% return on assets and 3.68% return on equity in 2023.

Deposit Protection

Deposits up to 100,000 EUR are covered by Romanian deposit guarantee scheme in GARANTI BANK S.A.

Market Share (#13 in Romania)

Ratios

RoA

1.02%

RoE

3.68%

Services

retail banking

business banking

Products

current accounts

credit cards

debit cards

savings accounts

time deposit accounts

consumer loans

Card Providers

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Ways to Bank

GARANTI BANK S.A. delivers its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets (2023)

18,487.84 mln RON (+14.17%)

Net Income (2023)

177.45 mln RON (-10.54%)

GARANTI BANK S.A. ranks as the 13th largest bank in Romania by total assets. In 2023 its total assets were 18,487.84 mln RON, representing a 1.72% market share. In 2023 the bank's net income was 177.45 mln RON.

Credit Ratings

Fitch: BB-

AAA

AA+, AA, AA-

A+, A, A-

BBB+, BBB, BBB-

BB+, BB, BB-

B+, B, B-

CCC, CC, C, RD, D

Moodys: -

Aaa

Aa1, Aa2, Aa3

A1, A2, A3

Baa1, Baa2, Baa3, Baa4

Ba1, Ba2, Ba3

B1, B2, B3

Caa1, Caa2, Caa3, Ca

GARANTI BANK S.A. is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BB- (speculative).

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Bank Deposit Guarantee Fund (FGDB)

Covered Accounts

any credit balance

Eligible Depositors

natural persons
legal entities

GARANTI BANK S.A. protects deposits up to up to 100,000 EUR per depositor through Romania's deposit guarantee scheme. The scheme applies to any credit balance made by natural persons, legal entities. The bank participates in the Bank Deposit Guarantee Fund (FGDB), making regular contributions into it.