Guaranteed BBVA posts the strongest loan growth in TL in 1Q22

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Despite growing uncertainties and risks in the global and local economy, the Turkish banking sector and Garanti BBVA have continued to prove their resilience. “The financial sector plays a essential role in enabling the economy to grow on a sound basis“said the CEO of Garanti BBVA.

The bank’s capital adequacy ratio stood at 14.8% (excluding temporary measures taken by the BRSA), the return on average equity (ROAE) at 37.5% and the return on average assets (ROAA) at 3.7%, excluding exceptional items. In addition, deposits remained the main source of funding, with 69% of assets being funded by deposits. The deposit base grew by 12% in 2021, reaching TL 651.58 billion.

Guaranteed BBVA also had the largest market share in terms of customer acquisition and card issuance in the payments industry. “Our sustainable growth is possible thanks to our efficient asset-liability management and our solid capital structure. We ended the first quarter of 2022 with very good financial performance and more than half a million new customers,” he added.

Recep Baştuğ also highlighted the bank’s continuous efforts in technology-related investments. “We strive to offer a complete and integrated banking platform that includes easy-to-use, accessible and personalized banking transactions and services across all channels. In this context, we aim to listen to the needs of our customers and respond to them as soon as possible,” he said. The CEO of Garanti BBVA also noted that the two intelligence and machine learning can be integrated into all kinds of business processesand allow the bank to offer its customers smarter and more personalized experiences.

The financial sector plays a vital role in enabling the economy to grow on a sound basis

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