About Us

About Garanti BBVA

Garanti Bank was established in 1946 by 103 cofounders as a joint-stock company in Ankara. The founders of the Bank consisted of traders who wanted to invest their post-World War II accumulated fortunes in profitable lines of businesses. The founding capital of the Bank was TL2.5 million which was divided into 25,000 shares worth TL100 each. Garanti opened its first branch on Anafartalar Street in Ankara on June 21, 1946; the second branch was opened in Istanbul on Bankalar Street. Branch network reached 22 in 7 years. In 1950, the headquarters were moved to the building on Yeni Postane Street in Sirkeci, Istanbul.

Towards the end of 1970s when conglomerate-owned banking gained momentum, most of the share certificates of Garanti were acquired by Koc Group and Sabancı Group. In the early 1980s, first Koc Group then Sabancı Group sold their shares in Garanti to Doğuş Group.

In 2011, upon GE's global crisis-driven decision to exit from financial businesses in the USA and Europe, the preeminent Spanish bank BBVA became a strategic partner with Doğuş Group in Garanti. BBVA's customer oriented business model, reinforced with advanced technology and innovation, overlapping with that of Garanti contributed positively on both sides through best practice sharing and collaboration opportunities. Through additional acquisitions in 2015 of 14.89% and in 2017 of 9.95% stake in Garanti, Banco Bilbao Vizcaya Argentaria S.A. (BBVA)’s share reached 49.85%. The Bank has been rebranded as Garanti BBVA on June 10th 2019. On November 15, 2021, BBVA announced that The Board of Directors of BBVA decided to launch a voluntary takeover bid for the entire share capital of Türkiye Garanti Bankası A.Ş not already owned by BBVA. The voluntary tender offer process launched by BBVA for the entire share capital of Garanti BBVA (“VTO”) and approved by the Capital Markets Board of Turkey in accordance with the Communiqué on Takeover Bids (Pay Alım Teklifi Tebliği) no. II-26.1 on March 31, 2022, ended as of May 18, 2022. During the VTO process, BBVA acquired shares of Garanti BBVA with a total nominal value of TRY 1,517,195,890.189, which corresponds to 36.12% of Garanti BBVA’s total share capital. As a result of the VTO, as of the date of this disclosure, the total share capital of Garanti BBVA owned by BBVA reached 85.97%. Its shares publicly traded in Turkey, and its depositary receipts in the UK and the USA, Garanti BBVA has an actual free float of around 14% in Borsa Istanbul.

Garanti BBVA’s constantly improving business model is driven by its strategic priorities focused on responsible and sustainable development, customer experience, employee happiness, digitalization, optimal capital utilization and efficiency. Garanti BBVA’s capital generative, disciplined and sustainable growth strategy that strictly adheres to solid asset quality enables the Bank to move forward strongly. Its effective risk management through world-class integrated management of financial and non-financial risks and organizational agility in capturing new opportunities result in sustainable value creation for all its stakeholders.

Bank provides fast, simple and responsive services that meet the needs of its customers via multi-pronged delivery channels which include retail branches, Privilege Banking Centres and Business Centres at branches located nationwide, as well as mobile and internet banking.

Our Vision

The Preferred Banking Partner

We are a community-centric institution that strives to serve businesses and consumers every day in a positive and meaningful way.

• We partner with our customers across all their banking needs and beyond to help them achieve their life aspirations.
• We partner with our business associates to build innovative solutions with deep domain expertise for our customers.
• We partner with our employees to create an engaged and inclusive workplace that fosters a strong sense of belonging
• We partner with our community to improve their well-being by promoting environmentally responsible actions, empowering financial aspirations and supporting entrepreneurship.

Our Mission

The Preferred Banking Partner

In line with the Bank’s strategy to build lifetime relationships with our local communities, we believe we play an important role in improving lives. Trust and community-centricity have always been the hallmark of our Bank and we strive to create meaningful engagements with our customers, shareholders, investors, employees and the community every day. We aim to do this by building alliances with partners who share our values, so that we can succeed together.

Digital Banking

Innovative marketing

Worldwide Reach