Cost Management and Efficiency Committee

'The Cost Management Committee's mission is to support the local Steering Committee in order to control costs within the context of real revenue performance (operating efficiency) and to achieve savings against the budget by optimizing budget implementation over the course of the year.

The Committee is also responsible for:

  • Determining the efficiency areas of the Bank and providing platform to discuss improvement areas,
  • Informing committee members about cost developments and evaluating suggestions related to cost reduction,
  • Providing a platform to discuss and making decisions related to new ideas and alternatives about efficient cost management by taking consideration into Bank's strategies,
  • Approving expense or investment projects and proposals sponsored by their Units within the established limits of delegation,
  • Clearing the corresponding budget allocations,
  • Ensuring local or regional implementation of corporate models, standards and specifications,
  • Monitoring the policies, procedures, regulations and similar documents under its responsibility with respect to necessary updates, and taking action to keep them up-to-date.

Meeting Frequency: The meeting is organized in two different groups: Investment requests are evaluated on a quarterly committee, while efficiency projects are evaluated twice a year when needed.
Number of Meetings in 2019: 1 Productivity committee, 3 Portfolio Strategy Committee


Committee Members 

Member Title Committee Role
Recep Baştuğ CEO / Board Member President
Javier Bernal Dionis Board Member President
Aydın Güler ALM, Capital, Investor Relations and Finance EVP President
Osman Tüzün Human Resources and Support Services EVP President
Mahmut Akten Retail Banking EVP President
İlker Kuruöz Engineering and Data EVP President
Didem Dinçer Başer Customer Solutions and Digital Banking EVP President
Ali Temel Chief Credit Risk Officer President
Ebru Dildar Edin Corporate and Investment Banking EVP President
Selahattin Güldü Commercial Banking EVP President
Cemal Onaran SME Banking EVP President
Aydın Düren Legal Services and Collection EVP President
Işıl Akdemir Evlioğlu CEO of Garanti Payment Systems President
Oğuz Acar Cost Management and Effiency SVP Committee Secretary
Hazal Özgüven Organization & Process Development SVP Participant Member
Sibel Kaya HR SVP Participant Member
Vahan Üçkardeş Financial Planning and Analysis SVP Participant Member
Burçin Bıkmaz Strategic Planning and Responsible Business SVP Participant Member