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Garanti Bank increased its share capital by 22.3 million Euro

Garanti Bank, one of the most innovative and dynamic banks on the local market, finalized the process of increasing its share capital by 22.3 millio nEuro. The capital injection targets to support and finance the bank organic growth on the local market, the company representatives stated.

2016-06-27 17:02:04

Garanti Bank is currently the 10th institution in the local banking system, with a total asset volume exceeding 8.5 billion lei. "Garanti Bank has a long term commitment on the local market and we aim to further grow, in order to best service our existing and potential customers, and bring our contribution to the development of the local economy. Increasing our share capital proves and reiterates this commitment", stated Ufuk Tandogan, CEO Garanti Bank.

Garanti Bank is part of the financial-banking group Garanti Romania, which brings together Garanti Leasing (the brand under which the company Motoractive IFN SA operates) and Garanti Consumer Finance (the brand under which Ralfi IFN operates).

Garanti Bank is held by Turkiye Garanti Bankasi AS (TGB), Turkey's second largest private bank with consolidated assets of EUR 90.44 billion as of March 31, 2016. TGB is a universal bank with leading presence in all business lines. The bank serves more than 14 million customers in corporate, commercial, SME, and consumer segments offering fully integrated financial services. In July last year, Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) gained majority management control of TGB.



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