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Main strengths include;

• Well-capitalized and underleveraged – Sound solvency with Basel III CAR of 15.0%

– Common Equity Tier-I capital constitutes 84% of total capital

– Common Equity Tier-I ratio: 12.7%

– Low leverage2: 8.3x compared 10.9x in EU27

• Underpenetrated market with strong growth potential

– Total Assets/GDP3: 114% compared to 302% in Euro Area

– Total Loans/GDP3: 71% compared to 104% in Euro Area – Total Customer Deposits/GDP3: 63% compared to 111%

in Euro Area

• Highly liquid

– Deposits fund 55% of assets – Loans/Deposits ratio: 114%

• Solid asset quality

– NPL ratio2: 3.1% compared to 8.4% in CEEMEA and 10.5% in EU27

• Closely monitored, well-hedged and low open position

– FX Net Position / Regulatory Capital Standard Ratio: 1.3% vs. required level of (+/-)20%

Turkish banking sector is the second largest banking system1 in Emerging Europe after Russia with an asset size of USD 813 billion. Turkish banking sector is well-regulated, monitored and governed by two primary regulatory authorities; the Banking Regulation and Supervision Agency (BRSA) and the Central Bank of Republic of Turkey (CBRT). 72.5%

The world’s

favorite

Turkish

bank

Profile

2015

www .tayburnkurumsal.com

www.garantiinvestorrelations.com

Turkish Banking Sector in Brief

Top Private Banks by Asset Size

İşbank Garanti Akbank YKB Finansbank DenizBank TEB ING HSBC Odeabank* 80 100 120 140 40 60 20 0 (USD billion) 99.8% Foreign Ownership % -39.9% -40.9%

Turkey was the 18th largest economy in the world in 2015 with its large young and dynamic population.

Following 2014's 2.9% growth rate, economy in 2015 accelerated to around 3.5%-4%* with the help of domestic demand. Weak export performance could not stop the current account deficit from improving thanks to declining imports. Hence current account deficit to GDP is expected to decrease from 5.4% in 2014 to 4.5% in 2015.

Central government budget was at about 1.2% of GDP in 2015 and EU defined general government debt to GDP ratio of 34.6% as of Q3 of 2015 remain to be Turkey’s fundamental strengths.

Source: CBRT, Turkstat, Turkish Treasury, IMF WEO (December 2015)

Turkey in Brief

Disclaimer: This report has been prepared by Garanti Bank Investor Relations Department and is provided for information purpose only. Although the information on which the report is based has been obtained from sources which we believe to be reliable, no representation or warranty is made by Garanti Bank for the accuracy or completeness of the information contained herein. Information contained herein is subject to change without notice. Garanti Bank and/or any person connected with it accepts no liability whatsoever for any direct or consequential loss of any kind arising out of the use of this document or any part of its contents.

For further information please contact Garanti Investor Relations. Address: Levent, Nispetiye Mah. Aytar Cad. No: 2,

34340, Beşiktaş, Istanbul-Turkey Tel: +90 (212) 318 23 50 Fax: +90 (212) 216 59 02

Web: www.garantiinvestorrelations.com e-mail: investorrelations@garanti.com.tr

Garanti shares continuously outperformed the market since 2004.

10-year return of USD 100 in...

BIST 100 Index; 1.5x

BIST Banks Index; 1.3x

vs.

Garanti; 2.4x

Total Assets

814 813 Top 10 Private Banks: 57% State Banks: 29% 2013 1H15 CAGR: 10% (USD billion) 100.0% 99.9% 100.0% 100.0%

Cumulative Shareholder Return (USD)

Note: Garanti stoc price and the indices are rebased since 2008YE.

* Garanti stock price converted to USD by using dailiy USD/TL ask rate of Central Bank of Republic of Turkey (CBRT)

5.0% 5.0% 3.50% 7.50% 7.25% 12.5% 9.0% 7.75% 11.25% 10.75%

Source: Figures are based on BRSA consolidated data as of December 31, 2015.

Note: Exchange rate used for currency conversion is based on Garanti’s December 31, 2015 dated financials.

* As of September 30, 2015. Odea Bank's asset size is based on bank-only financials, consolidated asset size not available.

Macro-Economic Indicators 2008 2009 2010 2011 2012 2013 2014 2015

Real GDP Growth 0.7% -4.8% 9.2% 8.8% 2.1% 4.2% 2.9% 3.6%*

Current Account Deficit / GDP 5.4% 1.9% 6.2% 9.7% 6.2% 7.9% 5.4% 4.5%*

Current Account Deficit (USD bn) 40.2 12.0 45.3 75.0 48.5 64.7 43.6 32.2

Net FDI (USD bn) 17.3 7.0 7.6 13.8 9.2 8.8 5.5 11.5

EU Defined Public Debt Stock / GDP 40.0% 46.1% 42.3% 39.1% 36.2% 36.3% 33.5% 33.1%*

CBT One-Week Repo Rate 15.0%** 6.5%** 6.50% 5.75% 5.5% 4.5% 8.25% 7.5%

Interest Rate Corridor***

Inflation (CPI) 10.1% 6.5% 6.4% 10.4% 6.2% 7.4% 8.2% 8.8%

* Garanti Economic Research Estimation

** Before 2010, one-week repo rate refers to the O/N rate

*** In 2011 CBRT started utilizing interest rate corridor as a policy tool 860 2014 302 356 501 482 560 657 648 773 2005 2006 2007 2008 2009 2010 2011 2012 Garanti BIST 100 Index BIST Banks Index

450 400 350 250 300 100 150 200 50 0 2008 2009 2010 2011 2012 2013 2014 2015 (USD) Source: BRSA monthly data for commercial banks only as of December 2015. Figures

are based on BRSA unconsolidated data.

1 EBF Facts&Figures 2015, ranking per total assets.

2 Latest data from the IMF-FSI database. Represent country averages, most of which

are based on 3Q15 figures

3 ECB, TurkStat and BRSA for commercial banks only, as of 3Q15

Number of Banks : 50

Commercial Banks (Inc. 3 State Banks) : 32 (Share in assets: 91%) Development&Investment Banks : 13 (Share in assets: 5%) Participation Banks : 5 (Share in assets: 5%)

(2)

Main strengths include;

• Well-capitalized and underleveraged – Sound solvency with Basel III CAR of 15.0%

– Common Equity Tier-I capital constitutes 84% of total capital

– Common Equity Tier-I ratio: 12.7%

– Low leverage2: 8.8x compared 10.9x in EU27

• Underpenetrated market with strong growth potential – Total Assets/GDP3: 114% compared to 302% in Euro Area

– Total Loans/GDP3: 71% compared to 104% in Euro Area – Total Customer Deposits/GDP3: 63% compared to 111%

in Euro Area

• Highly liquid

– Deposits fund 55% of assets – Loans/Deposits ratio: 114% • Solid asset quality

– NPL ratio2: 2.8% compared to 8.4% in CEEMEA and 10.5% in EU27

• Closely monitored, well-hedged and low open position – FX Net Position/Regulatory Capital Standard Ratio: 1.3% vs. required level of (+/-)20%

Turkish banking sector is the second largest banking system1 in Emerging Europe after Russia with an asset size of US$ 813 billion. Turkish banking sector is well-regulated, monitored and governed by two primary regulatory authorities; the Banking Regulation and Supervision Agency (BRSA) and the Central Bank of Republic of Turkey (CBRT). 72.30%

The world’s

favorite

Turkish

bank

Profile

2015

www .tayburnkurumsal.com

www.garantiinvestorrelations.com

Turkish Banking Sector in Brief

Top Private Banks by Asset Size

İşbank Garanti Akbank YKB Finansbank DenizBank TEB ING* HSBC* Odeabank* 80 100 120 140 40 60 20 0 (US$ billion) 99.81% Foreign Ownership % -39.90% -40.90%

Turkey was the 18th largest economy in the world in 2015 with its large young and dynamic population.

Following 2014's 2.9% growth rate, economy in 2015 accelerated to around 3.5%-4%* with the help of domestic demand. Weak export performance could not stop the current account deficit from improving thanks to declining imports. Hence current account deficit to GDP is expected to decrease from 5.4% in 2014 to 4.5% in 2015.

Central government budget was at about 1.2% of GDP in 2015 and EU defined general government debt to GDP ratio of 34.6% as of Q3 of 2015 remain to be Turkey’s fundamental strengths.

Source: CBRT, Turkstat, Turkish Treasury, IMF WEO (December 2015)

Turkey in Brief

Disclaimer: This report has been prepared by Garanti Bank Investor Relations Department and is provided for information purpose only. Although the information on which the report is based has been obtained from sources which we believe to be reliable, no representation or warranty is made by Garanti Bank for the accuracy or completeness of the information contained herein. Information contained herein is subject to change without notice. Garanti Bank and/or any person connected with it accepts no liability whatsoever for any direct or consequential loss of any kind arising out of the use of this document or any part of its contents.

For further information please contact Garanti Investor Relations. Address: Levent, Nispetiye Mah. Aytar Cad. No: 2,

34340, Beşiktaş, Istanbul-Turkey Tel: +90 (212) 318 23 50 Fax: +90 (212) 216 59 02 Web: www.garantiinvestorrelations.com e-mail: investorrelations@garanti.com.tr

Total Assets

814 813 Top 10 Private Banks: 57% State Banks: 29% 2013 2015 CAGR: 10% (US$ billion) 100.0% 99.85% 100.0% 100.0%

Cumulative Shareholder Return (US$)

Note: Garanti stock price and the indices are rebased since 2008YE. Garanti stock price converted to US$ by using daily US$/TL ask rate of Central Bank of Republic of Turkey (CBRT), indices are in UDS terms, source: Bloomberg.

5.0% 5.0% 3.50% 7.50% 7.25% 12.5% 9.0% 7.75% 11.25% 10.75%

Source: Figures are based on BRSA consolidated data as of December 31, 2015.

Note: Exchange rate used for currency conversion is based on Garanti’s December 31, 2015 dated financials. * As of September 30, 2015. Odeabank's asset size is based on bank-only financials, consolidated asset size is not available.

Macro-Economic Indicators 2008 2009 2010 2011 2012 2013 2014 2015

Real GDP Growth 0.7% -4.8% 9.2% 8.8% 2.1% 4.2% 2.9% 3.6%*

Current Account Deficit / GDP 5.4% 1.9% 6.2% 9.7% 6.2% 7.9% 5.4% 4.5%*

Current Account Deficit (US$ bn) 40.2 12.0 45.3 75.0 48.5 64.7 43.6 32.2

Net FDI (US$ bn) 17.3 7.0 7.6 13.8 9.2 8.8 5.5 11.5

EU Defined Public Debt Stock / GDP 40.0% 46.1% 42.3% 39.1% 36.2% 36.3% 33.5% 33.1%*

CBT One-Week Repo Rate 15.0%** 6.5%** 6.50% 5.75% 5.5% 4.5% 8.25% 7.5%

Interest Rate Corridor***

Inflation (CPI) 10.1% 6.5% 6.4% 10.4% 6.2% 7.4% 8.2% 8.8%

* Garanti Economic Research Estimation

** Before 2010, one-week repo rate refers to the O/N rate

*** In 2011 CBRT started utilizing interest rate corridor as a policy tool 860 2014 302 356 501 482 560 657 648 773 2005 2006 2007 2008 2009 2010 2011 2012 Garanti BIST 100 Index BIST Banks Index

450 400 350 250 300 100 150 200 50 0 2008 2009 2010 2011 2012 2013 2014 2015

Source: BRSA monthly data for commercial banks only as of December 2015. Figures are based on BRSA unconsolidated data.

1 EBF Facts&Figures 2015, ranking per total assets.

2 Latest data from the IMF-FSI database. Represent country averages, most of which

are based on 3Q15 figures

3 ECB, TurkStat and BRSA for commercial banks only, as of 3Q15

Number of Banks : 50

Commercial Banks (Inc. 3 State Banks) : 32 (Share in assets: 90%) Development&Investment Banks : 13 (Share in assets: 5%) Participation Banks : 5 (Share in assets: 5%)

(3)

Main strengths include;

• Well-capitalized and underleveraged – Sound solvency with Basel III CAR of 15.0%

– Common Equity Tier-I capital constitutes 84% of total capital

– Common Equity Tier-I ratio: 12.7%

– Low leverage2: 8.8x compared 10.9x in EU27

• Underpenetrated market with strong growth potential

– Total Assets/GDP3: 114% compared to 302% in Euro Area

– Total Loans/GDP3: 71% compared to 104% in Euro Area – Total Customer Deposits/GDP3: 63% compared to 111%

in Euro Area

• Highly liquid

– Deposits fund 55% of assets – Loans/Deposits ratio: 114%

• Solid asset quality

– NPL ratio2: 2.8% compared to 8.4% in CEEMEA and 10.5% in EU27

• Closely monitored, well-hedged and low open position

– FX Net Position/Regulatory Capital Standard Ratio: 1.3% vs. required level of (+/-)20%

Turkish banking sector is the second largest banking system1 in Emerging Europe after Russia with an asset size of US$ 813 billion. Turkish banking sector is well-regulated, monitored and governed by two primary regulatory authorities; the Banking Regulation and Supervision Agency (BRSA) and the Central Bank of Republic of Turkey (CBRT). 72.30%

The world’s

favorite

Turkish

bank

Profile

2015

www .tayburnkurumsal.com

www.garantiinvestorrelations.com

Turkish Banking Sector in Brief

Top Private Banks by Asset Size

İşbank Garanti Akbank YKB Finansbank DenizBank TEB ING* HSBC* Odeabank* 80 100 120 140 40 60 20 0 (US$ billion) 99.81% Foreign Ownership % -39.90% -40.90%

Turkey was the 18th largest economy in the world in 2015 with its large young and dynamic population.

Following 2014's 2.9% growth rate, economy in 2015 accelerated to around 3.5%-4%* with the help of domestic demand. Weak export performance could not stop the current account deficit from improving thanks to declining imports. Hence current account deficit to GDP is expected to decrease from 5.4% in 2014 to 4.5% in 2015.

Central government budget was at about 1.2% of GDP in 2015 and EU defined general government debt to GDP ratio of 34.6% as of Q3 of 2015 remain to be Turkey’s fundamental strengths.

Source: CBRT, Turkstat, Turkish Treasury, IMF WEO (December 2015)

Turkey in Brief

Disclaimer: This report has been prepared by Garanti Bank Investor Relations Department and is provided for information purpose only. Although the information on which the report is based has been obtained from sources which we believe to be reliable, no representation or warranty is made by Garanti Bank for the accuracy or completeness of the information contained herein. Information contained herein is subject to change without notice. Garanti Bank and/or any person connected with it accepts no liability whatsoever for any direct or consequential loss of any kind arising out of the use of this document or any part of its contents.

For further information please contact Garanti Investor Relations. Address: Levent, Nispetiye Mah. Aytar Cad. No: 2,

34340, Beşiktaş, Istanbul-Turkey Tel: +90 (212) 318 23 50 Fax: +90 (212) 216 59 02 Web: www.garantiinvestorrelations.com e-mail: investorrelations@garanti.com.tr

Total Assets

814 813 Top 10 Private Banks: 57% State Banks: 29% 2013 2015 CAGR: 10% (US$ billion) 100.0% 99.85% 100.0% 100.0%

Cumulative Shareholder Return (US$ million)

Note: Garanti stock price and the indices are rebased since 2008YE.

* Garanti stock price converted to US$ by using dailiy US$/TL ask rate of Central Bank of Republic of Turkey (CBRT)

5.0% 5.0% 3.50% 7.50% 7.25% 12.5% 9.0% 7.75% 11.25% 10.75%

Source: Figures are based on BRSA consolidated data as of December 31, 2015.

Note: Exchange rate used for currency conversion is based on Garanti’s December 31, 2015 dated financials. * As of September 30, 2015. Odeabank's asset size is based on bank-only financials, consolidated asset size is not available.

Macro-Economic Indicators 2008 2009 2010 2011 2012 2013 2014 2015

Real GDP Growth 0.7% -4.8% 9.2% 8.8% 2.1% 4.2% 2.9% 3.6%*

Current Account Deficit / GDP 5.4% 1.9% 6.2% 9.7% 6.2% 7.9% 5.4% 4.5%*

Current Account Deficit (US$ bn) 40.2 12.0 45.3 75.0 48.5 64.7 43.6 32.2

Net FDI (US$ bn) 17.3 7.0 7.6 13.8 9.2 8.8 5.5 11.5

EU Defined Public Debt Stock / GDP 40.0% 46.1% 42.3% 39.1% 36.2% 36.3% 33.5% 33.1%*

CBT One-Week Repo Rate 15.0%** 6.5%** 6.50% 5.75% 5.5% 4.5% 8.25% 7.5%

Interest Rate Corridor***

Inflation (CPI) 10.1% 6.5% 6.4% 10.4% 6.2% 7.4% 8.2% 8.8%

* Garanti Economic Research Estimation

** Before 2010, one-week repo rate refers to the O/N rate

*** In 2011 CBRT started utilizing interest rate corridor as a policy tool 860 2014 302 356 501 482 560 657 648 773 2005 2006 2007 2008 2009 2010 2011 2012 Garanti* BIST 100 Index BIST Banks Index

450 400 350 250 300 100 150 200 50 0 2008 2009 2010 2011 2012 2013 2015 2014

Source: BRSA monthly data for commercial banks only as of December 2015. Figures are based on BRSA unconsolidated data.

1 EBF Facts&Figures 2015, ranking per total assets.

2 Latest data from the IMF-FSI database. Represent country averages, most of which

are based on 3Q15 figures

3 ECB, TurkStat and BRSA for commercial banks only, as of 3Q15

Number of Banks : 50

Commercial Banks (Inc. 3 State Banks) : 32 (Share in assets: 90%) Development&Investment Banks : 13 (Share in assets: 5%) Participation Banks : 5 (Share in assets: 5%)

(4)

Established in 1946, Garanti is Turkey’s second largest private bank by total consolidated assets of US$ 96.2 billion. Garanti’s core banking activities include retail, private, corporate, commercial, SME and payment systems. Garanti operates as an integrated financial services company with a total of eight financial subsidiaries offering services in pension, leasing, factoring, securities and asset management along with its international subsidiaries in the Netherlands, Russia and Romania. Garanti provides a wide range of financial services to approximately 13.9 million customers with 19.7 thousand employees through an extensive distribution network of 971 domestic branches; 7 foreign branches in Cyprus, one in Luxembourg and one in Malta; 3 international

representative offices in London, Düsseldorf and Shanghai with 4,504 ATMs, an award-winning Call Center, internet, mobile and social banking platforms, all built on

cutting-edge technological infrastructure.

Consistent delivery of strong results underpinned by the highest ordinary banking income generation capacity. Following the best practices in corporate governance, Garanti is controlled by two powerful entities, Banco Bilbao Vizcaya Argentaria S.A. (BBVA) and Doğuş Group with shares of 39.9% and 10.0%, respectively. Having shares publicly traded in Turkey, depositary receipts in the UK and the USA, Garanti has an actual free float of 50.02%* in Borsa Istanbul as of December 31, 2015.

Rated by Moodys (Baa3), S&P (BB+), Fitch (BBB) and JCR (BBB), Garanti’s long term LC and FC ratings assessed by Fitch, Moody’s and JCR represent investment grade.

About Garanti

To always approach our customers in a “transparent”, “clear” and “responsible” manner, improve customer experience continuously by offering products and services that are tailored to their needs, maintain sustainable growth by creating value for all our stakeholders.

Our Strategy

Key Strengths

• Robust balance sheet and high capital adequacy ratios, • Strong liquidity ratios and proven access to funding,

particularly deposits,

• Sustainable growth in lending while keeping sound asset quality attributable to advanced risk management systems and disciplined credit approval process, • Human-centric approach in all possible dimensions, • Strong brand reputation as a product and service

innovator,

• Competent and dynamic employee base led by a management team with proven track record,

• Proprietary and business aligned IT platform with high operational efficiency and well-integration with the subsidiaries,

• Service through its wide branch & ATM network and digital channels within its Omni-Channel Distribution Strategy,

• Leader in Digital Banking through advanced technology and interactive platforms with wide range of customized services,

• Commitment to corporate governance, ethics and corporate values.

Total Assets US$ 96.2 billion

Total Performing Loans US$ 58.6 billion

Total Deposits US$ 53.7 billion

2015 Net Income US$ 1.2 billion

Return on Average Equity (ROAE*) 14.5% Return on Average Assets (ROAA*) 1.6% Non Performing Loans (NPL) Ratio 3.2% Capital Adequacy Ratio (CAR) 13.5%

Key Performance Indicators

Figures are based on BRSA consolidated financials as of December 31, 2015. * Non-recurring items are excluded from the calculations.

Credit Ratings (Moody's/S&P/Fitch) Baa3/BB+/BBB Corporate Governance Rating Score (JCR) 9.20

Total Branches 983

Personnel 19,692 ATM 4,504

POS* 600,989

Total Customers 13,863,933

Digital Banking Customers** 3,982,065 Mobile Banking Customers** 2,504,845

Credit Card Customers 6,162,816

Credit Cards 9,706,572

Debit Cards 8, 640,478

Financial Subsidiaries

• Turkey’s first asset management company

• Strong position in the sector with 12.0% market share • Management of mutual funds and pension funds of

Garanti, and discretionary portfolios Assets Under Management: US$ 4.0 billion • 18 years of presence in the country

• Launched retail banking in Romania in 2006 - first Consumer Banking project outside of Turkey

• 84 branches, >357k customers, >258k plastic cards • Specialized in retail, SME and corporate banking • Bonus Card, Romania’s first international chip-based

credit card with a reward program Consolidated Assets: US$ 2.3 billion

• Leading brokerage house with 7.0% market share in BIST trading volume in 2015

• Major investment banking institution active in M&As, equity offerings, debt offerings, with a total transaction size of US$ 49.5 billion.

• Leading bookrunner in equity offerings in Turkey, with a total size of US$ 21.8 billion

• Equity model portfolio outperforming BIST-100 by 15% on average since 2009

• Executed M&A Transactions, with a total size of US$ 7.8 billion

• Leading brokerage house with 7.0% market share in BIST trading volume in 2015

• Major investment banking institution active in M&As, equity offerings, debt offerings, with a total transaction size of US$ 49.5 billion.

• Leading bookrunner in equity offerings in Turkey, with a total size of US$ 21.8 billion

• Equity model portfolio outperforming BIST-100 by 15% on average since 2009

• Executed M&A Transactions, with a total size of US$ 7.8 billion

• 25 years of presence in Turkey

• Presence in operational leasing sector with Garanti Fleet since 2007

• 13.5% market share in new business contract New Business Volume:US$ 800 million

• #2 in factoring volume with 14.5% market share as of December 2015

• 20+ years of presence in the sector

• Its shares are publicly traded in BIST with an actual free float ratio of 8.4%

• Highest rated factoring company in the BIST Corporate Governance Index with 9.15 score Factoring Volume:US$ 6.0 billion

• #2 in number of pension participants with 16.5% market share

• #3 in pension fund size with 15.6% market share • #5 in life insurance premium production and in number of insured

• Effective use of bancassurance via Garanti’s extensive distribution network

Total Funds: US$ 2.5 billion • 20 years of presence in Russia

• Established relationships with large-scale highly credible companies

• Prudent risk management

• Ability to rapidly adapt to changes in the business environment

Assets: US$ 158 million

Select Awards 2015

Honored with the “Most Ethical Company” at Turkey Ethics Awards (ETİKA) by Ethical Values Center Association (EDMER) by complying with more than 70 criteria out of 80 on the issues such as corporate governance, corporate social responsibility, leadership, innovation, legal compliance.

Recognized as the “Best Project Finance House” by EMEA Finance, a leading finance magazine, for its continuous efforts to support energy projects to add value to its customers and playing an essential role for Turkey’s sustainable growth.

Sustained its International Investors in People Gold

standard, demonstrating its commitment in employee centric management and banking approach, its perfection standards and promise to invest in employees to achieve higher performance.

Recognized as the most digital company of Turkey and the financial services sector with a digital score of 93%

according to Accenture Digitalization Index.

Recognized as the "Best Retail Bank of Turkey in 2015" by World Finance, one of the world's respected business and finance magazine.

Sustainability & Corporate Governance

2015 Highlights

• Became the only Turkish company to qualify for the Dow Jones Sustainability™ Emerging Markets Index. • Published its Climate Change Action Plan focusing on

the following topics: carbon pricing and prioritizing renewable energy investments, reducing deforestation, managing water risks through climate change

adaptation, and establishing green office standards. • Attended COP21 by participating in Lima-Paris Action

Agenda (LPAA) Energy Day panel.

• Expanded its Environmental Management System to 100% of its facilities in Turkey.

• Became a corporate partner of Professional Women’s Network, a networking and leadership development platform for professional women.

• Garanti was A-listed in the CDP Climate Change Program that covered the top performers, hence received the CDP 2015 Climate Performance Leadership award.

• Garanti was also honored with the CDP 2015 Turkey Climate Disclosure Leadership award.

• Became the first Bank in Turkey to ratify UNGC Business Leadership Criteria on Carbon Pricing. • Delivered a workshop on environmental and social risk

assessment to 22 of its corporate clients.

• Became the only Turkish company to be included as a case study in the report named “The Business Case for Responsible Corporate Adaptation: Strengthening Private Sector and Community Resilience” prepared by UNGC, UNFCCC and UNEP.

• Launched its support for “CDP Water” program and became one of the first companies in Turkey to submit its response to CDP Water Program.

• Supported “HeforShe” initiative which emphasizes men’s support for women rights.

• Launched efficient irrigation systems loan for agriculture sector.

• Ranked first among banks with the highest score in the “Transparency in Corporate Reporting” research and in the overall score consisting of three dimensions, i.e. “Reporting on anti-corruption programmes”,

“Organizational transparency” and “Country-by-country reporting”, conducted by Transparency International Turkey.

• Supported III. Sustainable Finance Forum organized by Turkish Business Council for Sustainable Development, in collaboration with UNEP FI and the local network for UNGC.

• Became the first Bank in Turkey to ratify Caring for Climate (C4C) statement, an initiative aimed at advancing the role of business in addressing climate change.

Garanti defines sustainability as a commitment to build a strong and successful business for the future, while minimizing negative environmental and social impacts, and sharing long-term values with its stakeholders and the communities it operates in.

Garanti aspires to achieve its aim of sustainable banking through technological innovations, managing the

environmental footprint of its operations and developing sound environmental & social risk assessment as part of its risk management framework. The Bank also recognizes the importance of an effective organizational structure and strong corporate governance to maintain ongoing development and successfully deliver its sustainability objectives. Garanti is aware of the need to collaborate and engage with its peers and suppliers on a global level to identify new opportunities, capture emerging best practices and products and remain a sustainability leader in Turkey.

Garanti is committed to corporate governance as a principal component of its strategy to maintain long-term sustainable growth by continuously creating value for all its stakeholders. For Garanti, the essentials of a good corporate governance practice are transparency, accountability, straightforwardness, fairness, integrity and ethical values. These essentials allow the Bank to implement an effective risk management system and play a key role for the Bank to demonstrate full compliance with the law and regulations, and to establish open and transparent

communication with its stakeholders. The Remuneration Committee, the Audit Committee and the Corporate Governance Committee are the corner stones of the Bank’s corporate governance structure.

• Netherlands based customer-centric transaction banking services provider

• 25 years of presence in the country

• Specialized in trade & commodity finance, private banking, structured finance and retail deposits. • Branch in Germany; representative offices in

Switzerland, Turkey and Ukraine Assets: US$ 5.5 billion

Garanti Share

• Garanti is the most valuable company in the BIST with US$ 10 billion market capitalization as of December 31, 2015. Garanti also represents the highest floating market capitalization in the BIST.

• Garanti Bank initially offered its shares to public in 1990 and has become the first Turkish company to offer its shares on international markets in 1993.

• Garanti’s Depository Receipts are listed on the London Stock Exchange Main Market and OTC

(Over-The-Counter) Markets in the USA.

• In 2012, Garanti 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.

• In 2014, Garanti has been qualified to join OTCQX®

ADR 30 Index launched by OTC Markets Group Inc. in cooperation with the Bank of New York Mellon. Garanti has established itself among the top 30 Depository Receipts traded on the OTCQX marketplace, selected based on their market capitalization, volume and liquidity.

• In 2015, Garanti has been named to the 2015 OTCQX®

Best 50, a ranking of 50 top performing companies traded on the OTCQX marketplace. With its superior performance in 2014, Garanti stands as the only Turkish company among the best 50 companies of OTCQX.

* Source: Central Registry Agency, as of December 31, 2015

In Brief

Note: Based on BRSA unconsolidated financials as of December 31, 2015 for fair comparison with the sector. Sector figures are per BRSA monthly and weekly data, commercial banks only.

1 Rankings are among private banks, as of December 2015. 2 Including consumer credit cards

Market Position

Ranking1 Market Share #3 in 2006 #2 in 2015 Assets #3 in 2006 #1 in 2015 Consumer Loans #5 in 2006 #1 in 2015 Mortgage Loans #4 in 2006 #2 in 2015 Customer Deposits

* Includes virtual and shared POS

** Active customers only with min. 1 login per quarter

#2 #2 #2 #2 #1 Total Assets

Total Performing Loans TL Loans

11.9% 11.8% 10.7% FC Loans (in US$) 14.0%

Consumer Loans2 14.3%

#1 Consumer Mortgage Loans 14.3%

#2 #2 C.C. Issuing (Cumulative) C.C. Acquiring (Cumulative) 19.2% 20.6% #1 Credit Card Customers 14.5%

#2 #2 Total Customer Deposits 11.6%

Customer Demand Deposits 13.6%

#1 Electronic Fund Transfers (EFT) 15.3%

Bancassurance - Non-Life Insurance Bancassurance - Life Insurance

#1 #2 12.9%

10.7%

(5)

Established in 1946, Garanti is Turkey’s second largest private bank by total consolidated assets of US$ 96.2 billion. Garanti’s core banking activities include retail, private, corporate commercial, SME and payment systems. Garanti operates as an integrated financial services

company with a total of eight financial subsidiaries offering services in pension, leasing, factoring, securities and asset management along with its international subsidiaries in the Netherlands, Russia and Romania.

Garanti provides a wide range of financial services to more than 13.8 million customers with 19.7 thousand employees through an extensive distribution network of 971 domestic branches; 7 foreign branches in Cyprus, one in

Luxembourg and one in Malta; 3 international

representative offices in London, Düsseldorf and Shanghai with 4,504 ATMs, an award-winning Call Center, internet, mobile and social banking platforms, all built on

cutting-edge technological infrastructure.

Consistent delivery of strong results underpinned by the highest ordinary banking income generation capacity. Following the best practices in corporate governance, Garanti is controlled by two powerful entities, Banco Bilbao

Vizcaya Argentaria S.A. (BBVA) and Doğuş Holding Co. with shares of 39.9% and 10.0%, respectively. Having

shares publicly traded in Turkey, depositary receipts in the UK and the USA, Garanti has an actual free float of 50.02%* in Borsa Istanbul as of December 31, 2015. Rated by Moodys (Baa3), S&P (BB+), Fitch (BBB) and JCR (BBB), Garanti’s long term LC and FC ratings assessed by Fitch, Moody’s and JCR represent investment grade.

About Garanti

To always approach our customers in a “transparent”, “clear” and “responsible” manner, improve customer experience continuously by offering products and services that are tailored to their needs, maintain sustainable growth by creating value for all our stakeholders.

Our Strategy

Key Strengths

• Robust balance sheet and high capital adequacy ratios, • Strong liquidity ratios and proven access to funding,

particularly deposits,

• Sustainable growth in lending while keeping sound asset quality attributable to advanced risk management

systems and disciplined credit approval process,

• Human-centric approach in all possible dimensions, • Strong brand reputation as a product and service

innovator,

• Competent and dynamic employee base led by a

management team with proven track record,

• Proprietary and business aligned IT platform with high

operational efficiency and well-integration with the subsidiaries,

• Service through its wide branch & ATM network and

digital channels within its Omni-Channel Distribution Strategy,

• Leader in Digital Banking through advanced technology

and interactive platforms with wide range of customized services,

• Commitment to corporate governance, ethics and

corporate values.

Total Assets US$ 96.2 billion

Total Performing Loans US$ 58.6 billion

Total Deposits US$ 53.7 billion

2015 Net Income US$ 1.2 billion

Return on Average Equity (ROAE*) 14.5%

Return on Average Assets (ROAA*) 1.6% Non Performing Loans (NPL) Ratio 3.2%

Capital Adequacy Ratio (CAR) 13.5%

Key Performance Indicators

Figures are based on BRSA consolidated financials as of December 31, 2015. * Non-recurring items are excluded from the calculations.

Credit Ratings (Moody's/S&P/Fitch) Baa3/BB+/BBB Corporate Governance Rating Score (JCR) 9.20

Total Branches 983

Personnel 19,692 ATM 4,504

POS* 600,989

Total Customers 13,863,933

Digital Banking Customers** 3,982,065 Mobile Banking Customers** 2,504,845

Credit Card Customers 6,162,816

Credit Cards 9,706,572

Debit Cards 8, 640,478

Financial Subsidiaries

• Turkey’s first asset management company

• Strong position in the sector with 12.0% market share

• Management of mutual funds and pension funds of

Garanti, and discretionary portfolios Assets Under Management: US$ 4.0 billion

• 18 years of presence in the country

• Launched retail banking in Romania in 2006 - first

Consumer Banking project outside of Turkey

• 84 branches, >357k customers, >258k plastic cards

• Specialized in retail, SME and corporate banking • Bonus Card, Romania’s first international chip-based

credit card with a reward program Consolidated Assets: US$ 2.3 billion

• Leading brokerage house with 7.0% market share in BIST trading volume in 2015

•· Major investment banking institution active in M&As, equity offerings, debt offerings, with a total transaction

size of US$ 49.5 billion.

• Leading bookrunner in equity offerings in Turkey, with a

total size of US$ 21.8 billion

• Equity model portfolio outperforming BIST-100 by 15% on average since 2009

• Executed M&A Transactions, with a total size of

US$ 7.8 billion

• Leading brokerage house with 7.0% market share in

BIST trading volume in 2015

•· Major investment banking institution active in M&As, equity offerings, debt offerings, with a total transaction

size of US$ 49.5 billion.

• Leading bookrunner in equity offerings in Turkey, with a

total size of US$ 21.8 billion

• Equity model portfolio outperforming BIST-100 by 15%

on average since 2009

• Executed M&A Transactions, with a total size of

US$ 7.8 billion

• 25 years of presence in Turkey

• Presence in operational leasing sector with Garanti

Fleet since 2007

• 13.5% market share in new business contract New Business Volume:US$ 800 million

• #2 in factoring volume with 14.5% market share as of December 2015

• 20+ years of presence in the sector

• Its shares are publicly traded in BIST with an actual

free float ratio of 8.4%

• Highest rated factoring company in the BIST

Corporate Governance Index with 9.15 score Factoring Volume:US$ 6.0 billion

• #2 in number of pension participants with 16.5% market share

• #3 in pension fund size with 15.6% market share

• #5 in life insurance premium production and in number of insured

• Effective use of bancassurance via Garanti’s extensive

distribution network Total Funds: US$ 2.5 billion

• 20 years of presence in Russia

• Established relationships with large-scale highly

credible companies

• Prudent risk management

• Ability to rapidly adapt to changes in the business

environment

Assets: US$ 158 million

Select Awards 2015

Honored with the “Most Ethical Company” at Turkey Ethics Awards (ETİKA) by Ethical Values Center Association (EDMER) by complying with more than 70 criteria out of 80 on the issues such as corporate governance, corporate social responsibility, leadership, innovation, legal compliance.

Recognized as the “Best Project Finance House” by EMEA Finance, a leading finance magazine, for its continuous efforts to support energy projects to add value to its customers and playing an essential role for Turkey’s sustainable growth.

Sustained its International Investors in People Gold standard, demonstrating its commitment in employee centric management and banking approach, its perfection standards and promise to invest in employees to achieve higher performance.

Recognized as the most digital company of Turkey and the financial services sector with a digital score of 93%

according to Accenture Digitalization Index.

Recognized as the "Best Retail Bank of Turkey in 2015" by World Finance, one of the world's respected business and finance magazine.

Sustainability & Corporate Governance

2015 Highlights

• Became the only Turkish company to qualify for the

Dow Jones Sustainability™ Emerging Markets Index.

• Published its Climate Change Action Plan focusing on

the following topics: carbon pricing and prioritizing renewable energy investments, reducing deforestation, managing water risks through climate change

adaptation, and establishing green office standards.

• Attended COP21 by participating in Lima-Paris Action

Agenda (LPAA) Energy Day panel.

• Expanded its Environmental Management System to

100% of its facilities in Turkey.

• Became a corporate partner of Professional Women’s

Network, a networking and leadership development platform for professional women.

• Garanti was A-listed in the CDP Climate Change

Program that covered the top performers, hence received the CDP 2015 Climate Performance Leadership award.

• Garanti was also honored with the CDP 2015 Turkey

Climate Disclosure Leadership award.

• Became the first Bank in Turkey to ratify UNGC

Business Leadership Criteria on Carbon Pricing.

• Delivered a workshop on environmental and social risk

assessment to 22 of its corporate clients.

• Became the only Turkish company to be included as a

case study in the report named “The Business Case for Responsible Corporate Adaptation: Strengthening Private Sector and Community Resilience” prepared by UNGC, UNFCCC and UNEP.

• Launched its support for “CDP Water” program and

became one of the first companies in Turkey to submit its response to CDP Water Program.

• Supported “HeforShe” initiative which emphasizes

men’s support for women rights.

• Launched efficient irrigation systems loan for

agriculture sector.

• Ranked first among banks with the highest score in the “Transparency in Corporate Reporting” research and in the overall score consisting of three dimensions, i.e. “Reporting on anti-corruption programmes”,

“Organizational transparency” and “Country-by-country reporting”, conducted by Transparency International Turkey.

• Supported III. Sustainable Finance Forum organized by

Turkish Business Council for Sustainable Development, in collaboration with UNEP FI and the local network for UNGC.

• Became the first Bank in Turkey to ratify Caring for

Climate (C4C) statement, an initiative aimed at advancing the role of business in addressing climate change.

Garanti defines sustainability as a commitment to build a strong and successful business for the future, while minimizing negative environmental and social impacts, and sharing long-term values with its stakeholders and the communities it operates in.

Garanti aspires to achieve its aim of sustainable banking through technological innovations, managing the

environmental footprint of its operations and developing sound environmental & social risk assessment as part of its risk management framework. The Bank also recognizes the importance of an effective organizational structure and strong corporate governance to maintain ongoing development and successfully deliver its sustainability objectives. Garanti is aware of the need to collaborate and engage with its peers and suppliers on a global level to identify new opportunities, capture emerging best practices and products and remain a sustainability leader in Turkey.

Garanti is committed to corporate governance as a principal component of its strategy to maintain long-term sustainable growth by continuously creating value for all its stakeholders. For Garanti, the essentials of a good corporate governance practice are transparency, accountability, straightforwardness, fairness, integrity and ethical values. These essentials allow the Bank to implement an effective risk management system and play a key role for the Bank to demonstrate full compliance with the law and regulations, and to establish open and transparent

communication with its stakeholders. The Remuneration Committee, the Audit Committee and the Corporate Governance Committee are the corner stones of the Bank’s corporate governance structure.

• Netherlands based customer-centric transaction

banking services provider

• 25 years of presence in the country

• Specialized in trade & commodity finance, private

banking, structured finance and retail deposits.

• Branch in Germany; representative offices in

Switzerland, Turkey and Ukraine Assets: US$ 5.5 billion

Garanti Share

• Garanti is the most valuable company in the BIST with

US$ 10 billion market capitalization as of December 31, 2015. Garanti also represents the highest floating market capitalization in the BIST.

• Garanti is listed on Borsa Istanbul (BIST) since 1990

under the ticker symbol “GARAN” and the London Stock Exchange Main Market (LSE).

• In 1993, the Bank became the first Turkish bank to offer

its shares to international markets in the form of American/Global Depositary Receipts (ADR/GDR). These international DRs are currently traded on the International Order Book (IOB) which is the international market of London Stock Exchange (LSE).

• In 2012, Garanti was entitled to join the prestigious tier of

the U.S. Over-the-Counter (OTC) market, OTCQX International Premier, where select OTC companies with the highest financial standards and superior information availability are traded.

• In 2014, Garanti has been qualified to join OTCQX ADR

30 Index (“OTCQX30”) as the only Turkish company that tracks the top 30 ADRs traded on the OTCQX

marketplace launched by OTCQX in cooperation with BNY Mellon.

• In 2015 Garanti Bank has been named to the 2015

OTCQX® Best 50, a ranking of 50 top performing

companies traded on the OTCQX marketplace last year.

* Source: Central Registry Agency, as of December 31, 2015

In Brief

Note: Based on BRSA unconsolidated financials as of December 31, 2015 for fair comparison with the sector. Sector figures are per BRSA monthly and weekly data, commercial banks only.

1 Rankings are among private banks, as of December 2015. 2 Including consumer credit cards

Market Position

Ranking1 Market Share #3 in 2006 #2 in 2015 Assets #3 in 2006 #1 in 2015 Consumer Loans #5 in 2006 #1 in 2015 Mortgage Loans #4 in 2006 #2 in 2015 Customer Deposits

* Includes virtual and shared POS

** Active customers only with min. 1 login per quarter

#2 #2 #2 #2 #1 Total Assets

Total Performing Loans TL Loans

11.9% 11.8% 10.7% FC Loans (in US$) 14.0%

Consumer Loans2 14.3%

#1 Consumer Mortgage Loans 14.3%

#2 #2 C.C. Issuing (Cumulative) C.C. Acquiring (Cumulative) 19.2% 20.6% #1 Credit Card Customers 14.5%

#2 #2 Total Customer Deposits 11.6%

Customer Demand Deposits 13.6%

#1 Electronic Fund Transfers (EFT) 15.3%

Bancassurance - Non-Life Insurance Bancassurance - Life Insurance

#1 #2 12.9%

10.7%

(6)

Established in 1946, Garanti is Turkey’s second largest private bank by total consolidated assets of US$ 96.2 billion. Garanti’s core banking activities include retail, private, corporate, commercial, SME and payment systems. Garanti operates as an integrated financial services company with a total of eight financial subsidiaries offering services in pension, leasing, factoring, securities and asset management along with its international subsidiaries in the Netherlands, Russia and Romania. Garanti provides a wide range of financial services to more than 13.8 million customers with 19.7 thousand employees through an extensive distribution network of 971 domestic branches; 7 foreign branches in Cyprus, one in

Luxembourg and one in Malta; 3 international

representative offices in London, Düsseldorf and Shanghai with 4,504 ATMs, an award-winning Call Center, internet, mobile and social banking platforms, all built on

cutting-edge technological infrastructure.

Consistent delivery of strong results underpinned by the highest ordinary banking income generation capacity. Following the best practices in corporate governance, Garanti is controlled by two powerful entities, Banco Bilbao Vizcaya Argentaria S.A. (BBVA) and Doğuş Holding Co. with shares of 39.9% and 10.0%, respectively. Having shares publicly traded in Turkey, depositary receipts in the UK and the USA, Garanti has an actual free float of 50.02%* in Borsa Istanbul as of December 31, 2015. Rated by Moodys (Baa3), S&P (BB+), Fitch (BBB) and JCR (BBB), Garanti’s long term LC and FC ratings assessed by Fitch, Moody’s and JCR represent investment grade.

About Garanti

To always approach our customers in a “transparent”, “clear” and “responsible” manner, improve customer experience continuously by offering products and services that are tailored to their needs, maintain sustainable growth by creating value for all our stakeholders.

Our Strategy

Key Strengths

• Robust balance sheet and high capital adequacy ratios, • Strong liquidity ratios and proven access to funding,

particularly deposits,

• Sustainable growth in lending while keeping sound asset quality attributable to advanced risk management systems and disciplined credit approval process, • Human-centric approach in all possible dimensions, • Strong brand reputation as a product and service

innovator,

• Competent and dynamic employee base led by a management team with proven track record,

• Proprietary and business aligned IT platform with high operational efficiency and well-integration with the subsidiaries,

• Service through its wide branch & ATM network and digital channels within its Omni-Channel Distribution Strategy,

• Leader in Digital Banking through advanced technology and interactive platforms with wide range of customized services,

• Commitment to corporate governance, ethics and corporate values.

Total Assets US$ 96.2 billion

Total Performing Loans US$ 58.6 billion

Total Deposits US$ 53.7 billion

2015 Net Income US$ 1.2 billion

Return on Average Equity (ROAE*) 14.5% Return on Average Assets (ROAA*) 1.6% Non Performing Loans (NPL) Ratio 3.2% Capital Adequacy Ratio (CAR) 13.5%

Key Performance Indicators

Figures are based on BRSA consolidated financials as of December 31, 2015. * Non-recurring items are excluded from the calculations.

Credit Ratings (Moody's/S&P/Fitch) Baa3/BB+/BBB Corporate Governance Rating Score (JCR) 9.20

Total Branches 983

Personnel 19,692 ATM 4,504

POS* 600,989

Total Customers 13,863,933

Digital Banking Customers** 3,982,065 Mobile Banking Customers** 2,504,845

Credit Card Customers 6,162,816

Credit Cards 9,706,572

Debit Cards 8, 640,478

Financial Subsidiaries

• Turkey’s first asset management company

• Strong position in the sector with 12.0% market share • Management of mutual funds and pension funds of

Garanti, and discretionary portfolios Assets Under Management: US$ 4.0 billion • 18 years of presence in the country

• Launched retail banking in Romania in 2006 - first Consumer Banking project outside of Turkey

• 84 branches, >357k customers, >258k plastic cards • Specialized in retail, SME and corporate banking • Bonus Card, Romania’s first international chip-based

credit card with a reward program Consolidated Assets: US$ 2.3 billion

• Leading brokerage house with 7.0% market share in BIST trading volume in 2015

• Major investment banking institution active in M&As, equity offerings, debt offerings, with a total transaction size of US$ 49.5 billion.

• Leading bookrunner in equity offerings in Turkey, with a total size of US$ 21.8 billion

• Equity model portfolio outperforming BIST-100 by 15% on average since 2009

• Executed M&A Transactions, with a total size of US$ 7.8 billion

• Leading brokerage house with 7.0% market share in BIST trading volume in 2015

• Major investment banking institution active in M&As, equity offerings, debt offerings, with a total transaction size of US$ 49.5 billion.

• Leading bookrunner in equity offerings in Turkey, with a total size of US$ 21.8 billion

• Equity model portfolio outperforming BIST-100 by 15% on average since 2009

• Executed M&A Transactions, with a total size of US$ 7.8 billion

• 25 years of presence in Turkey

• Presence in operational leasing sector with Garanti Fleet since 2007

• 13.5% market share in new business contract New Business Volume:US$ 800 million

• #2 in factoring volume with 14.5% market share as of December 2015

• 20+ years of presence in the sector

• Its shares are publicly traded in BIST with an actual free float ratio of 8.4%

• Highest rated factoring company in the BIST Corporate Governance Index with 9.15 score Factoring Volume:US$ 6.0 billion

• #2 in number of pension participants with 16.5% market share

• #3 in pension fund size with 15.6% market share • #5 in life insurance premium production and in number of insured

• Effective use of bancassurance via Garanti’s extensive distribution network

Total Funds: US$ 2.5 billion • 20 years of presence in Russia

• Established relationships with large-scale highly credible companies

• Prudent risk management

• Ability to rapidly adapt to changes in the business environment

Assets: US$ 158 million

Select Awards 2015

Honored with the “Most Ethical Company” at Turkey Ethics Awards (ETİKA) by Ethical Values Center Association (EDMER) by complying with more than 70 criteria out of 80 on the issues such as corporate governance, corporate social responsibility, leadership, innovation, legal compliance.

Recognized as the “Best Project Finance House” by EMEA Finance, a leading finance magazine, for its continuous efforts to support energy projects to add value to its customers and playing an essential role for Turkey’s sustainable growth.

Sustained its International Investors in People Gold

standard, demonstrating its commitment in employee centric management and banking approach, its perfection standards and promise to invest in employees to achieve higher performance.

Recognized as the most digital company of Turkey and the financial services sector with a digital score of 93%

according to Accenture Digitalization Index.

Recognized as the "Best Retail Bank of Turkey in 2015" by World Finance, one of the world's respected business and finance magazine.

Sustainability & Corporate Governance

2015 Highlights

• Became the only Turkish company to qualify for the Dow Jones Sustainability™ Emerging Markets Index. • Published its Climate Change Action Plan focusing on

the following topics: carbon pricing and prioritizing renewable energy investments, reducing deforestation, managing water risks through climate change

adaptation, and establishing green office standards. • Attended COP21 by participating in Lima-Paris Action

Agenda (LPAA) Energy Day panel.

• Expanded its Environmental Management System to 100% of its facilities in Turkey.

• Became a corporate partner of Professional Women’s Network, a networking and leadership development platform for professional women.

• Garanti was A-listed in the CDP Climate Change Program that covered the top performers, hence received the CDP 2015 Climate Performance Leadership award.

• Garanti was also honored with the CDP 2015 Turkey Climate Disclosure Leadership award.

• Became the first Bank in Turkey to ratify UNGC Business Leadership Criteria on Carbon Pricing. • Delivered a workshop on environmental and social risk

assessment to 22 of its corporate clients.

• Became the only Turkish company to be included as a case study in the report named “The Business Case for Responsible Corporate Adaptation: Strengthening Private Sector and Community Resilience” prepared by UNGC, UNFCCC and UNEP.

• Launched its support for “CDP Water” program and became one of the first companies in Turkey to submit its response to CDP Water Program.

• Supported “HeforShe” initiative which emphasizes men’s support for women rights.

• Launched efficient irrigation systems loan for agriculture sector.

• Ranked first among banks with the highest score in the “Transparency in Corporate Reporting” research and in the overall score consisting of three dimensions, i.e. “Reporting on anti-corruption programmes”,

“Organizational transparency” and “Country-by-country reporting”, conducted by Transparency International Turkey.

• Supported III. Sustainable Finance Forum organized by Turkish Business Council for Sustainable Development, in collaboration with UNEP FI and the local network for UNGC.

• Became the first Bank in Turkey to ratify Caring for Climate (C4C) statement, an initiative aimed at advancing the role of business in addressing climate change.

Garanti defines sustainability as a commitment to build a strong and successful business for the future, while minimizing negative environmental and social impacts, and sharing long-term values with its stakeholders and the communities it operates in.

Garanti aspires to achieve its aim of sustainable banking through technological innovations, managing the

environmental footprint of its operations and developing sound environmental & social risk assessment as part of its risk management framework. The Bank also recognizes the importance of an effective organizational structure and strong corporate governance to maintain ongoing development and successfully deliver its sustainability objectives. Garanti is aware of the need to collaborate and engage with its peers and suppliers on a global level to identify new opportunities, capture emerging best practices and products and remain a sustainability leader in Turkey.

Garanti is committed to corporate governance as a principal component of its strategy to maintain long-term sustainable growth by continuously creating value for all its stakeholders. For Garanti, the essentials of a good corporate governance practice are transparency, accountability, straightforwardness, fairness, integrity and ethical values. These essentials allow the Bank to implement an effective risk management system and play a key role for the Bank to demonstrate full compliance with the law and regulations, and to establish open and transparent

communication with its stakeholders. The Remuneration Committee, the Audit Committee and the Corporate Governance Committee are the corner stones of the Bank’s corporate governance structure.

• Netherlands based customer-centric transaction banking services provider

• 25 years of presence in the country

• Specialized in trade & commodity finance, private banking, structured finance and retail deposits. • Branch in Germany; representative offices in

Switzerland, Turkey and Ukraine Assets: US$ 5.5 billion

Garanti Share

• Garanti is the most valuable company in the BIST with US$ 10 billion market capitalization as of December 31, 2015. Garanti also represents the highest floating market capitalization in the BIST.

• Garanti is listed on Borsa Istanbul (BIST) since 1990 under the ticker symbol “GARAN” and the London Stock Exchange Main Market (LSE).

• In 1993, the Bank became the first Turkish bank to offer its shares to international markets in the form of American/Global Depositary Receipts (ADR/GDR). These international DRs are currently traded on the International Order Book (IOB) which is the international market of London Stock Exchange (LSE).

• In 2012, Garanti was entitled to join the prestigious tier of the U.S. Over-the-Counter (OTC) market, OTCQX International Premier, where select OTC companies with the highest financial standards and superior information availability are traded.

• In 2014, Garanti has been qualified to join OTCQX ADR 30 Index (“OTCQX30”) as the only Turkish company that tracks the top 30 ADRs traded on the OTCQX

marketplace launched by OTCQX in cooperation with BNY Mellon.

• In 2015 Garanti Bank has been named to the 2015 OTCQX® Best 50, a ranking of 50 top performing

companies traded on the OTCQX marketplace last year.

* Source: Central Registry Agency, as of December 31, 2015

In Brief

Note: Based on BRSA unconsolidated financials as of December 31, 2015 for fair comparison with the sector. Sector figures are per BRSA monthly and weekly data, commercial banks only.

1 Rankings are among private banks, as of December 2015. 2 Including consumer credit cards

Market Position

Ranking1 Market Share #3 in 2006 #2 in 2015 Assets #3 in 2006 #1 in 2015 Consumer Loans #5 in 2006 #1 in 2015 Mortgage Loans #4 in 2006 #2 in 2015 Customer Deposits

* Includes virtual and shared POS

** Active customers only with min. 1 login per quarter

#2 #2 #2 #2 #1 Total Assets

Total Performing Loans TL Loans

11.9% 11.8% 10.7% FC Loans (in US$) 14.0%

Consumer Loans2 14.3%

#1 Consumer Mortgage Loans 14.3%

#2 #2 C.C. Issuing (Cumulative) C.C. Acquiring (Cumulative) 19.2% 20.6% #1 Credit Card Customers 14.5%

#2 #2 Total Customer Deposits 11.6%

Customer Demand Deposits 13.6%

#1 Electronic Fund Transfers (EFT) 15.3%

Bancassurance - Non-Life Insurance Bancassurance - Life Insurance

#1 #2 12.9%

10.7%

References

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