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Garanti BBVA announces 1Q25 financial results.

Garanti BBVA announces 1Q25 financial results.

Garanti BBVA kicked off the year strong 

Türkiye Garanti Bankası A.Ş., announced its financial statements dated 31 March 2025. Based on the consolidated financials, the Bank’s net income in the first 3 months of the year recorded as TL 25 billion 398 million 699 thousand. Asset size realized at TL 3 trillion 498 billion 288 million 811 thousand and the Bank’s contribution to the economy through cash and non-cash loans was TL 2 trillion 602 billion 582 million 394 thousand. Actively managing the funding base, customer deposits continued to be the main funding source; 73% of assets are funded via customer deposits. Customer deposit base reached to TL 2 trillion 545 billion 380 million 977 thousand with 21.4% growth in the 2025. Preserving the strong capital stance, Bank’s capital adequacy ratio was realized at 16.2%^*. The Bank delivered an ROAE (Return on Average Equity) of 30.5% and an ROAA (Return on Average Assets) of 3.2%.

*Calculated without the forbearance introduced by BRSA

Commenting on the topic, Garanti BBVA CEO Mahmut Akten; “We began 2025 with a balanced macroeconomic outlook; however, starting in March, we observed a rise in volatility driven by both domestic and global developments. In this context, we believe the Central Bank’s timely and tight monetary policy stance will help restoring confidence in the period ahead. In the first quarter, declining inflation, robust domestic demand, and policy measures supporting financial stability created a favorable environment for the banking sector. During this period, we delivered a strong performance backed by our solid financial position and customer-centric approach. With this solid start to the year, our capital strength and agile balance sheet management—capabilities we have demonstrated time and again—will enable us to successfully navigate the uncertainties ahead. We strengthened our leadership position in Turkish lira lending by gaining market share in consumer and micro-SME loans among private banks. Additionally, we achieved over one percentage point market share gain in both TL and FX customer deposits. This performance reflects our strong focus on customer experience, as well as our leadership in relationship banking and digital channels.

Referring to the Bank’s vision for technology and innovation, Akten provided the following overview of the initiatives undertaken within this scope: With nearly 17 million active mobile customers in the first quarter of 2025, we continue to be one of the most preferred mobile banking platforms in Türkiye. To continuously enhance the customer experience, we have redesigned the Garanti BBVA Mobile. With its new design, our mobile application now offers a simplified and user-friendly interface, enhancing financial management through personalized insights and timely reminders. The customizable menu structure enables users to tailor the app to their individual needs, creating a more efficient and time-saving experience. In addition, our intelligent assistant Ugi within Garanti BBVA Mobile has been upgraded with large language model (LLM)-based AI technology. Rather than offering generic answers, Ugi scans the bank’s data sources to deliver dynamic, highly personalized solutions tailored to each customer’s needs. Going forward, Ugi will continue to evolve, functioning increasingly like a true personal assistant—offering smarter, more relevant responses in real time.  Our goal is to  deliver a personalized experience that best meets our customers’ needs and expectations.”

Highlighting the bank’s strategic priorities, Akten added: “For 2025, we have set out four key strategic priorities: Sustainable and Strong Growth, Best-in-Class Customer Experience, Sustainability, and Our People. We are reshaping all our business processes in line with these priorities, with a continued focus on creating value for our customers. Backed by our robust capital structure and sustainable growth strategy, we will continue to contribute to Türkiye’s economic and social development. I would like to thank all my colleagues whose efforts contributed to our first-quarter results, as well as our valued stakeholders for their continued trust and support.”

Garanti BBVA’s Selected Consolidated Financial Indicators – 31 March 2025

Turkish presentation regarding BRSA consolidated financial results of Garanti BBVA as at March 31, 2025 can be retrieved from Garanti BBVA Investor Relations website at the address of www.garantibbvainvestorrelations.com.

Summary Financial Data on Operating Results of Accounting Period:

▪ Average return on assets is 3.2%.

▪ Average return on equity is 30.5%.

▪ Support provided to economy through performing cash and non-cash credits reached TL 2 trillion 602 billion 582 million 394 thousand.

▪ Market shares of total performing loans, TL loans and FX loans are respectively 11.0%, 12.4% and 8.6%.

▪ Since the beginning of the year, total customer deposits grew by 21.4% and market share reached 11.3% level.

▪ Share of customer demand deposits in total customer deposits reached 38%.

▪ Capital adequacy ratio is recorded as 16.2%*, above the required level of 12.16%.

▪ Non-performing loans ratio is recorded as 2.4%.

*Calculated without the forbearance introduced by BRSA