Stock Info & Listing
Garanti BBVA initially offered its shares to public in 1990 on Borsa İstanbul and has become the first Turkish company to offer its shares on international markets in 1993.
Garanti BBVA’s Depositary Receipts are listed on the OTC (Over-The-Counter) Markets in the USA. In 2012, Garanti BBVA participated in the prestigious tier of the U.S. Over-The-Counter (OTC) market, OTCQX International Premier, where companies traded must meet high financial standards and an effective disclosure process. Trading on this market with 58 leading companies of the world, Garanti BBVA has established itself among the top Depository Receipts traded on the OTCQX marketplace and ranked 36th per Market Capitalization, 37th per Dollar Volume and 6th per Volume in 2020.
Garanti BBVA has a market capitalization of TL 47.3 billion (USD 3.5 billion) as of 31 December 2021, and with a free float ratio of 50.07% and TL 23.7 billion floating market capitalization, Garanti BBVA also has the highest free float in BIST 100.
Garanti BBVA share (GARAN) is the most traded banking stock in Borsa İstanbul with an average daily turnover of TL 1,982 million (USD 219 million), and has 9% market share in BIST 100 turnover and 42% share in XBANK turnover. GARAN was the most traded stock by foreign investors with a total foreign transactions turnover of USD 31 billion in the first eleven months of 2021.
60%* of Garanti BBVA’s shares in the free float is owned by foreign investors that are spread to 33 countries**. The composition of the institutional shareholding structure of Garanti BBVA by geographical regions is 34.2% North America, 30.8% the UK and Ireland, 12.8% Europe, 5.7% Asia, 12.8% Turkey and 3.8% the rest of the world. In 2021, the increase in yields of US Treasury Notes, Exchange rate volatility and inflationary pressures led to a fund outflow from the domestic market in the first half of the year. Accordingly, there was a decrease particularly in the share of North America-based shareholders as compared to 2020, whereas the shares of the UK and Ireland based shareholders went up by 10%**. Communicating the value created in a proactive, transparent and consistent way, during 2021, Garanti BBVA Investor Relations held meetings with 384 companies and participated in 23 investor conferences and roadshows.
* Central Registry Agency (CRA) foreign clearing custody data have been used.
** Based on IPREO Shareholder ID Analysis dated June 2021.
Garanti BBVA continued to organize live webcasts/teleconferences bringing its senior management together with the investment community in 2021, and made presentations on its financial results four times a year, as well as a video cast on its operating plan for the following year that described its forward looking projections. Investor Relations published the recordings of these presentations on its website. The full audio recordings of all of these events were posted on Garanti BBVA Investor Relations website, mobile and tablet applications. Furthermore, in 2021, “About the Turkish Economy” and “Garanti BBVA Climate Index” sections were added to the Garanti BBVA Investor Relations website. In addition, the ESG data set, where socially responsible investors can quickly access Garanti BBVA's Environmental, Social and Governance Data from a single place, is presented on the website and updated regularly.
Contents prepared both in Turkish and English for the convenience of the investment community enable investors from all around the world to have easy access to all the information they need.
Commitment to its irreplaceable values of the principles of trust, integrity, accountability and transparency serves as the guarantee of the Bank’s strong reputation and is Garanti BBVA’s main responsibility to all its stakeholders. The steps Garanti BBVA takes to create value for the economy, the society and all its stakeholders are recognized by national and international authorities. Having qualified for BIST Sustainability Index and BIST Corporate Governance Index in 2014, Garanti BBVA still continues to be listed in these indices. Garanti BBVA holds the highest score with 74 points among banks reporting from Turkey in the Emerging Markets category of the Dow Jones Sustainability Index, one of the most respected platforms that evaluates the sustainability performances of corporate companies worldwide.
In line with its innovative and pioneering activities, Garanti BBVA achieved a B score in 2021, the highest score in the finance sector in our country this year, in the Climate Change Program of CDP, the world's most respected environmental reporting initiative. On the other hand, in the Refinitiv ESG scoring, designed to transparently and objectively measure a company's relative ESG performance, commitment and effectiveness based on publicly reported data, Garanti BBVA has the highest score among Turkish Banks in 2021, with eighty-one out of a hundred and ranked 41st among 983 international banks.
In addition to these, Garanti BBVA continued to qualify and remain a constituent of the FTSE4Good Emerging Markets Index, which is the independent organization jointly owned by the London Stock Exchange and the Financial Times and designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Moreover, through its various practices and initiatives for ensuring gender equality in human resources, among customers and the community, Garanti BBVA continues to be included in the Bloomberg Gender Equality Index that covers 380 companies from 11 industries from 44 countries and regions across the world.