By Helgi Library - December 12, 2019
Garanti Bank's customer deposits reached TRY 200,774 mil in 2017, up 12.4% compared to the previous year. Turkish banking secto...
By Helgi Library - June 22, 2018
Garanti Bank made a net profit of TRY 6,388 mil under revenues of TRY 19,655 mil in 2017, up 24.1% and 16.2% respectively compared to...
By Helgi Library - December 12, 2019
Garanti Bank's customer loans reached TRY 229,353 mil in 2017, up 13.9% compared to the previous year. Turkish banking sector p...
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By Helgi Library - June 22, 2018
Garanti Bank employed 18,851 persons in 2017, down 4.26% when compared to the previous year. Historically, the bank's workforce hit an all time high of 19,692 persons in 2015 and an all time low of 5,981 in 2001. Average cost reached USD 3,880 per month per emplo...
By Helgi Library - June 22, 2018
Garanti Bank employed 18,851 persons in 2017, down 4.26% compared to the previous year. Historically, the bank's workforce hit an all time high of 19,692 persons in 2015 and an all time low of 16,675 in 2010. The bank operated a network of 948 branches and...
By Helgi Library - June 22, 2018
Garanti Bank's retail deposits reached TRY 168,908 mil in 2017, up 12.1% compared to the previous year. Turkish banking sector accepted retail deposits of TRY 945 bil in 2017, up 17.2% when compared to the last year. Garanti Bank accounted for 17.9% of al...
By Helgi Library - December 12, 2019
Garanti Bank's corporate loans reached TRY 132,253 mil in 2017, up 12.1% compared to the previous year. Turkish banking sector provided corporate loans of TRY 1,571 bil in 2017, up 22.5% when compared to the last year. Garanti Bank accounted for 8.89% of ...
By Helgi Library - June 22, 2018
Garanti Bank's corporate deposits reached TRY 22,997 mil in 2017, up 24.7% compared to the previous year. Turkish banking sector accepted corporate deposits of TRY 535 bil in 2017, up 18.4% when compared to the last year. Garanti Bank accounted for 4.30% ...
By Helgi Library - September 24, 2018
Garanti Bank has issued total of 20,010 '000 payment cards at the end of 2017, up 4.34% compared to the previous year. Turkish banking sector banking sector issued total of 194,047 thous. of bank cards in 2017, up 10.4% when compared to the last y...
By Helgi Library - June 22, 2018
Garanti Bank's non-performing loans reached 2.69% of total loans at the end of 2017, down from 3.04% compared to the previous year. Historically, the NPL ratio hit an all time high of 4.34% in 2009 and an all time low of 1.80% in 2011. Provision coverage am...
By Helgi Library - June 22, 2018
Garanti Bank generated total banking revenues of TRY 19,655 mil in 2017, up 16.2% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of TRY 19,655 mil in 2017 and a...
By Helgi Library - June 22, 2018
Garanti Bank stock traded at TRY 10.7 per share at the end of 2017 implying a market capitalization of USD 11,900 mil. Since the end of 2012, the stock has appreciated by 15.8 % implying an annual average growth of 2.97 %. In absolute terms, the value of the company ...
By Helgi Library - June 22, 2018
Garanti Bank's net interest margin amounted to 4.69% in 2017, up from 4.14% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.23% in 2009 and an all time low of -1.21% in 2001. The average margin i...
Turkiye Garanti Bankasi AS (or Garanti Bank) is a Turkey-based financial services company. Garanti Bank is an integrated financial services group operating in every segment of the banking sector including corporate, commercial, SME, payment systems, retail, private and investment banking together with its subsidiaries in pension and life insurance, leasing, factoring, brokerage, and asset management. Established in 1946, Garanti Bank is Turkey’s second largest private bank with a 12% market share in total assets. At the end of 2015, the Bank provided its services through 983 branches and 4,504 ATMs to over 12 million clients. The Bank and its affiliates operate principally in Turkey, but also have operations in the Netherlands, Romania, Russia, Turkish Republic of Northern Cyprus, Malta, Luxembourg and Germany
Garanti Bank has been growing its revenues and asset by 14.5% and 18.1% a year on average in the last 10 years. Its loans and deposits have grown by 19.9% and 17.9% a year during that time and loans to deposits ratio reached 114% at the end of 2017. The company achieved an average return on equity of 17.5% in the last decade with net profit growing 10.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 38.8% in 2017, compared to 42.0% average in the last decade.
Equity represented 11.7% of total assets or 18.1% of loans at the end of 2017. Garanti Bank's non-performing loans were 2.69% of total loans while provisions covered some 78.0% of NPLs at the end of 2017.
Garanti Bank stock traded at TRY 10.7 per share at the end of 2017 resulting in a market capitalization of USD 11,900 mil. Over the previous five years, stock price rose by 15.8% or 2.97% a year on average. That’s compared to an average ROE of 14.6% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 7.05x and price to book value (PBV) of 1.08x in 2017.
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