Local ALCO Committee

The main goal of the Garanti ALCO is to assist the Chief Executive Officer (CEO) in the ALM (including liquidity and funding, interest rates and exchange rates) and capital decision-making processes.

The Committee is structured around the following objectives:

  • To coordinate and review the implementation of policies for managing the sources and uses of funds that should provide an appropriate level of profitability consistent with planned growth within acceptable levels of risk,
  • To monitor and analyze the profitability and net interest income,
  • To allow senior management efficiently understand, develop and refine the ALM and capital policy assisting them in overseeing the management that Finance is carrying out,
  • To follow-up limits to control the balance sheet and capital risks, adjusting the exposure and risk profile to the one defined by the Garanti’s Board of Directors,
  • To assess the situation of financial markets and macro variables,
  • To monitor that individual business lines are aligned in terms of overall objectives and proactively controlled, with regard to the prudential risks under the ALM and capital function control,
  • To evaluate and assess the impact of changes in market and other variables in the ALM risk and capital profile,
  • To appraise the strategies presented by Finance and to revise the execution of previously approved actions,
  • To monitor regulatory capital adjusted profitability measures,
  • To challenge and regularly monitor medium-term capital and liquidity plans for base scenarios and adverse or severely adverse scenarios,
  • To analyze the extraordinary liquidity and funding situation that causes the committee to be called-in (if considered appropriate, Asset Liability Committee activates the Liquidity Contingency Plan. The Liquidity Contingency Plan activation will be informed to Corporate Asset Liability Committee),
  • To approve the Procedure for Hedge Accounting Transactions Process,
  • To approve Funds Transfer Pricing Methodology,
  • To approve Assumptions or Methodology or Structural Risk Measurement Techniques
  • To approve internal framework documents for ALM and Capital Management,
  • To monitor 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 Committee meets once a month. (Except August)
Number of Meetings in 2019: 8

 

Committee Members 

Member Title Committee Role
Recep Baştuğ CEO / Board Member President
Alvaro Ortiz Vidal-Abarca Chief Economist Cross Emerging Markets Member
Aydın Güler ALM, Capital, Investor Relations and Finance EVP Member
Mahmut Akten Retail Banking EVP Member
Selahattin Güldü Commercial Banking EVP Member
Cemal Onaran SME Banking EVP Member
Ebru Dildar Edin Corporate and Investment Banking EVP Member
Ali Temel Chief Credit Risk Officer Member
Metin Kılıç Assets & Liabilities Management SVP Member / Committee Secretary
Özlem Ernart Head of Risk Management Other participant
Sıdıka Dizdar Market and Structural Risk SVP Other participant
Emilio Caminero Head of Global Structural Risk - BBVA Other participant
Javier Malagon Head of Performance Management & Capital - BBVA Other participant
Antonio Borraz Head of Global ALM & Treasury - BBVA Other participant
Carlos Goicoechea Argul Head of ALM & Treasury Turkey - BBVA Other participant
Angeles Pelaez Head of Group Financial Accounting -BBVA Other participant