Established in 1946, Garanti Bank a Turkish universal bank operating in corporate, retail, private and investment banking, and payment systems. Through its subsidiaries Garanti Bank offers pension and life insurance, leasing, factoring, brokerage, and asset management services.
TÜRKİYE GARANTİ BANKASI A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Long-term credit rating assigned to the bank by Moody's is Ba3 (non-investment grade speculative).
TÜRKİYE GARANTİ BANKASI A.Ş. participates in deposit guarantee scheme of Turkey. This scheme covers accounts up to 100 000 TRL per bank per depositor.
TÜRKİYE GARANTİ BANKASI A.Ş. provides products and services in the areas of retail banking, SME banking, corporate banking, investment banking.
|BBB- (good credit quality)||Ba3 (non-investment grade speculative)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. TÜRKİYE GARANTİ BANKASI A.Ş. is rated by Fitch and Moody's.
Credit ratings assigned to TÜRKİYE GARANTİ BANKASI A.Ş. as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for TÜRKİYE GARANTİ BANKASI A.Ş. it is set to BBB- (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for TÜRKİYE GARANTİ BANKASI A.Ş. is set to F3 (fair short-term credit quality).
|Long-Term Issuer Default Rating||BBB-|
|Short-Term Issuer Default Rating||F3|
|Support Rating Floor||WD|
Viability rating for TÜRKİYE GARANTİ BANKASI A.Ş. is set to bb+ (speculative fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is WD (withdrawn).
Long-term rating for TÜRKİYE GARANTİ BANKASI A.Ş. it is set to Ba3 (non-investment grade speculative). Long-term bank deposit rating is Ba3 (non-investment grade speculative). Baseline credit assessment is ba3. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Ba3|
|Baseline Credit Assessment||ba3|
Outlook for the ratings of TÜRKİYE GARANTİ BANKASI A.Ş. is set to stable (not likely to change).
|Yes (up to 100 000 TRL per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Turkey are obliged to participate in Turkish deposit guarantee scheme.
In the case of TÜRKİYE GARANTİ BANKASI A.Ş. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons|
|Covered Accounts||all cash deposit accounts, precious metals accounts|
|Maximum Protected Amount||100 000 TRL|
|Paid In Currency||TRL|
TÜRKİYE GARANTİ BANKASI A.Ş. operates under the brand name Garanti Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:
The following banks operating under Garanti Bank brand name has been recently closed down: