TÜRKİYE GARANTİ BANKASI A.Ş.

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.

Bank Category

Foreign Commercial Banks Established in Turkey

Services

Retail Banking
SME Banking
Corporate Banking
Investment Banking

Financials

Total Assets (2017)
325.23 bln TRL  (+14.46%)
Net Income (2017)
6 343.92 mln TRL  (+25.11%)

TÜRKİYE GARANTİ BANKASI A.Ş. is the 3rd largest bank in Turkey in terms of total assets. In 2017 its total assets were 325,23 bln TRL, providing the bank with the market share of 10.51%. In 2017 the bank's net income was 6 343,92 mln TRL.

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.

Contacts

LEVENT, NİSPETİYE MAH. AYTAR CAD. NO:2 34340 BEŞİKTAŞ/ İSTANBUL, Turkey
(212) 318 18 18
(212) 318 18 88

Bank Identifiers

BIC (SWIFT)
TGBATRIS
Bank Sort Code
0062

Business Summary

Services
retail banking
SME banking
corporate banking
investment banking

TÜRKİYE GARANTİ BANKASI A.Ş. provides products and services in the areas of retail banking, SME banking, corporate banking, investment banking.

Financial Positions

Total Assets (2017)
325.23 bln TRL  (+14.46%)

In 2017 total assets of TÜRKİYE GARANTİ BANKASI A.Ş. were 325.23 bln TRL. Growth compared to the previous period (2016) was 14.46%. The evolution of the total assets of TÜRKİYE GARANTİ BANKASI A.Ş. is shown at Chart 1 below.

Total Assets of TÜRKİYE GARANTİ BANKASI A.Ş..

Chart 1. Total Assets of TÜRKİYE GARANTİ BANKASI A.Ş..

Profit and Loss

Net Income (2017)
6 343.92 mln TRL  (+25.11%)

In 2017 net income of TÜRKİYE GARANTİ BANKASI A.Ş. was 6 343.92 mln TRL. Growth compared to the previous period (2016) was 25.11%. The evolution of the net income of TÜRKİYE GARANTİ BANKASI A.Ş. is shown at Chart 2 below.

Net Income of TÜRKİYE GARANTİ BANKASI A.Ş..

Chart 2. Net Income of TÜRKİYE GARANTİ BANKASI A.Ş..

Market Share and Rank (among banks in Turkey)

Total Assets (2017)
3rd (market share 10.51%)

In 2017 TÜRKİYE GARANTİ BANKASI A.Ş. was ranked the 3rd largest bank in Turkey in terms of total assets, having 10.51% of the domestic market share.

Market share of TÜRKİYE GARANTİ BANKASI A.Ş. (among banks in Turkey)

Chart 3. Market share of TÜRKİYE GARANTİ BANKASI A.Ş. (among banks in Turkey)

Several banks having the market shares and ranks closest to TÜRKİYE GARANTİ BANKASI A.Ş. are shown below.

RankNameTotal AssetsMarket Share
2TÜRKİYE İŞ BANKASI A.Ş.362352.53 mln TRL11.71%
3TÜRKİYE GARANTİ BANKASI A.Ş.325232.27 mln TRL10.51%
4AKBANK T.A.Ş.316030.87 mln TRL10.21%
 

Credit Ratings (as of May 2018)

Fitch Moody's
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.

Fitch

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-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F3
Viability Rating  bb+
Support Rating  2
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).

Moody's

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 Rating  Ba3
Long-Term Bank Deposit Rating  Ba3
Baseline Credit Assessment  ba3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of TÜRKİYE GARANTİ BANKASI A.Ş. is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
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

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of TÜRKİYE GARANTİ BANKASI A.Ş. and its components are shown in the table below.

BIC  TGBATRIS
Bank BIC Code  TGBA
Country Code  TR (Turkey)
Location Code  IS
Branch Code  -

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  0062

European Presence: 5 banks in 5 countries

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:

Germany

Malta

Netherlands

Romania

Turkey

  • (this bank) TÜRKİYE GARANTİ BANKASI A.Ş. 

Defunct Banks: 1 bank in 1 country

The following banks operating under Garanti Bank brand name has been recently closed down:

Luxembourg