Garanti BBVA's
Financial Subsidiaries

Established in 1990, carrying out its domestic and international factoring transactions through a wide network with the synergy of the BBVA. The company offers service through 11 branches, 124 employees in eight cities across Türkiye. The company serves a wide customer base, especially SMEs, organizations with extensive supplier and dealer networks. Garanti BBVA Factoring uses its constantly invested-in technological infrastructure and its artificial intelligence, machine learning and big data expert team in order to enable its customers to make sound financial decisions and accelerate the solution processes.

2022 Key Data

TL 9.7 billion Total Assets (+122.5% YoY)
TL 350.7 million Net Profit (+165.8% YoY)
0.7% Asset Contribution to Garanti BBVA Group
TL 31.6 billion Business Volume (+82.2% YoY)
-44 k Total Number of Factoring Transactions (+0.7% YoY)

2023 Strategic Priorities

  • Continue to expand the customer base with diversified products and prioritizing digitalization to offer quality and fast solutions. 
  • Focusing more on SME customers and export transactions. 
  • Increasing the automation of business processes to improve efficiency.

Garanti BBVA Romania (GBR) and its two sister companies, Motoractive (Leasing) and Ralfi (Consumer Finance), continue to offer service in all business lines to more than 450 thousand customers (consolidated) in Romania with 1.058 active employees (consolidated) and 116 branches (consolidated).1

1 Indicates the number of active personnel, excluding the personnel on unpaid leave as of the end of the year due to maternity leave etc.

2022 Key Data

2.4% loan market share - 12th largest bank in Romania
22.6% Capital Adequacy Ratio
2.1% NPL Ratio vs. sector avg. of 2.9%
85.3% Coverage Ratio vs. sector avg. of 65.9%
4.6% Asset Contribution to Garanti BBVA Group

2023 Strategic Priorities

  • Reaching more customers and strengthening market share presence in both loans and deposits within all business lines.
  • Investing in digital platforms and modernizing the IT system to provide ease in transactions and quality service to customers.
  • Expanding sustainable solutions and further enhancing employee engagement.

Established in 1997, Türkiye’s first asset management company, Garanti BBVA Asset Management provides services in mutual funds, pension funds and discretionary portfolio management. With its 51 experienced staff, the company aims to offer sustainable performance with personalized investment solutions. With the new member of the sustainability-themed mutual funds, Garanti BBVA Climate Index Equity Fund, Garanti BBVA AM offers customers the opportunity to invest in domestic/foreign companies in various subthemes such as climate change, clean energy and ESG through its sustainability-themed mutual funds.

22022 Key Data

140.5 bn TL Asset under management (+132% YoY)
384 k Investor accounts in mutual funds
64.0 bn TL Pension fund (+93% YoY)
74.5 bn TL Mutual fund (+184% YoY)
4th largest asset management company in Türkiye
%316,2 return in Non-BIST-100 Companies Equity Fund Fund AUM reached 3.1 bn TL Highest return among equity funds

2023 Strategic Priorities

  • Developing new products and solutions in order to add value to the savings of investors.
  • Maintaining sustainable fund performance by closely monitoring developments and trends in the markets.

Garanti BBVA International (GBI) is a mid-sized European bank with a EUR 5.1 billion asset size, established in Amsterdam, the Netherlands in 1990. Offering financial solutions in the areas of trade and commodity finance, corporate banking and global markets, GBI also furnishes retail banking services in the Netherlands and Germany. Trade and Commodity Finance operations of GBI delivers traditional products such as transactional trade finance facilities, syndicated facilities, documentary credits and collections. Under the Corporate Banking coverage, GBI serves a select set of corporate clienteles with international operations, which are predominantly based in Europe and Türkiye, with well-designed products, that can be categorized under transactional banking, such as working capital loans, trade loans, receivable finance.

2022 Key Data

Baa3 (Moody’s) External Credit Rating
712 mn TL Profit contribution
21.7% Capital Adequacy Ratio
46.04% Cost to income ratio
7.8% Asset Contribution to Garanti BBVA Group
0.60% NPL Ratio
753.8% Liquidity Coverage Ratio

2023 Strategic Priorities

  • Further enhancing digital offerings in Trade and Commodity Finance, Retail Banking and Global Markets Sales with new digital platforms. Focusing on growth and diversification in Corporate Banking.
  • Following the ESG roadmap through continuous interaction with Garanti BBVA and increasing focus on sustainability.

Established in 1991, Garanti BBVA Securities is among Türkiye's leading brokerage houses in brokerage and investment banking services in domestic and overseas capital markets as well as in advisory services for investments, company mergers and acquisitions, public offerings, corporate bond issuances and privatization. Garanti BBVA Securities furnishes brokerage and investment banking service in domestic and overseas capital markets to investors with its intensive distribution network, superior technology, powerful brand image, experienced teams, innovative character and solid shareholding structure.

2022 Key Data

5.44% (#4) Equity Market share
5 companies Intermediated for public offerings
1.2 bn TL Net Profit
4.34% (#6) Derivative Market share
2,7 bn TL IPO Brokerage
>500k Active client

2023 Strategic Priorities

  • Improving the customer experience by updating the e-Trader application with rich functions and content, and serving customers through a single platform by adding foreign markets to the e-Trader application.

Established in 1990 to engage in leasing activities in Türkiye and abroad, Garanti BBVA Leasing serves its clients in Türkiye through its 14 branches, call center, its website, mobile site and social network channels. In addition to its contribution to the Bank’s BRSA consolidated financials, the Company continues to create value through its 100% owned subsidiary Garanti BBVA Fleet, which ended the year 2022 generating TL 1,007 million in profits.

2022 Key Data

TL 16,614 million Total Assets (+55% YoY)
TL 1,414 million Net Profit (+101% YoY)
TL 7,565 million 2022 Registered Contracts New Business Volume (+54% YoY)
1.3% Asset contribution

2023 Strategic Priorities

  • Expanding the customer base through increasing the number of new customers and providing quick and high-quality funding for their investments.
  • Increasing the market share in the clean energy sector.
  • Continuing to provide end-toend solutions to the customers based on our experience in diverse industries

Garanti BBVA Fleet, with its strong and competent staff, has been providing its customers with fleet management services for all brands and models of passenger vehicles sold in Turkey, light commercial vehicles as of 2019, and hybrid vehicles with its sustainability strategy since 2007. Garanti BBVA Filo is one of the most reliable companies in the industry, with the strongest financing opportunity, with a total active vehicle park of 20,393 vehicles and an asset size of TL 7.6 billion as of the end of 2022.

2022 Key Data

TL 7.6 Billion Asset Size
TL 2.2 Billion 2022 Revenue
20,393 Active Fleet
TL 1 Billion Net Profit

2023 Strategic Priorities

  • Our company aims to grow by 23% in 2023 and plans to increase its fleet to 25,000 levels.
  • Garanti BBVA Fleet aims to increase its contribution to the bank's sustainable profitability target by continuing to invest in its technological infrastructure and competent human resources, while maintaining its distinctive position in the sector with its strong brand image and advanced risk management systems.

Established in 1992 as a life insurance company, Garanti BBVA Pension and Life expanded its scope with private pension operations in 2002. After entering into partnership with Achmea in 2007, one of the strongest insurance companies in Europe, the company began to offer a variety of insurance products that were already available in Europe. As the most effective user of bank insurance; the company offers the most extensive service at its 12 regional offices and nearly 900 Garanti BBVA branches.

2022 Key Data

TL 1,000.9 million Net Profit (+58% YoY)
TL 58,081 million Total Pension Fund Size
16.37% Total Number of Pension Participants’ Market Share (as of 23.12.2022)
TL 4.9 billion Total Assets (+59% YoY)
2,607 million Total Number of Pension Participants (as of 23.12.2022)

2023 Strategic Priorities

  • Expanding the market share in under-18 private pension system.
  • Keep increasing the automation of business processes and digitalization of the client base.
  • Reaching more clients in terms of fund advisory.
 

Quick Access