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Turkiye Garanti Bankasi AS (GARAN.IS)

GARAN.IS on Istanbul Stock Exchange

8.84TRY
20 Aug 2019
Change (% chg)

-0.05TL (-0.56%)
Prev Close
8.89TL
Open
8.90TL
Day's High
8.95TL
Day's Low
8.76TL
Volume
91,276,357
Avg. Vol
119,095,290
52-wk High
10.15TL
52-wk Low
5.65TL

Latest Key Developments (Source: Significant Developments)

Garanti Bankasi's CEO Ali Fuat Erbil Resigns
Monday, 19 Aug 2019 

Aug 19 (Reuters) - TURKIYE GARANTI BANKASI AS ::CEO ALI FUAT ERBIL STEPS DOWN.TO APPOINT RECEP BASTUG AS CEO AS OF SEPTEMBER 1.  Full Article

Garanti Bankasi Q2 Net Profit Is At 1.91 Billion Lira
Tuesday, 30 Jul 2019 

July 30 (Reuters) - TURKIYE GARANTI BANKASI AS ::Q2 NET PROFIT OF 1.91 BILLION LIRA VERSUS 1.91 BILLION LIRA YEAR AGO.Q2 NET INTEREST INCOME OF 4.64 BILLION LIRA VERSUS 4.12 BILLION LIRA YEAR AGO.Q2 NET FEE AND COMMISSION INCOME 1.44 BILLION LIRA VERSUS 1.13 BILLION LIRA YEAR AGO.  Full Article

Garanti Bankasi To Issue Debt Instrument Worth Up To 7.0 Billion Lira Domestically
Tuesday, 30 Jul 2019 

July 30 (Reuters) - TURKIYE GARANTI BANKASI AS ::TO ISSUE DEBT INSTRUMENT WORTH UP TO 7.0 BILLION LIRA TO QUALIFIED INVESTORS DOMESTICALLY.  Full Article

Garanti Bankasi Signs Syndicated Loan Agreement Worth $326.0 Mln And EUR 408.8 Mln With 367-Day Tranche
Friday, 17 May 2019 

May 17 (Reuters) - TURKIYE GARANTI BANKASI AS ::SIGNS SYNDICATED LOAN AGREEMENT WORTH $326.0 MILLION AND EUR 408.8 MILLION WITH 367-DAY TRANCHE.LOAN HAS BEEN EXECUTED WITH COMMITMENTS FROM 35 BANKS FROM 18 COUNTRIES.ALL-IN COST HAS BEEN REALIZED AS LIBOR+2.50% AND EURIBOR+2.40% RESPECTIVELY, BOOK SIZE WAS OVER $1 BILLION.  Full Article

Metemtur Otelcilik Agrees To Pay 1.0 Mln Lira To Garanti Bank For Ending The Lawsuit
Monday, 11 Mar 2019 

March 11 (Reuters) - METEMTUR OTELCILIK ::AGREES TO PAY 1.0 MILLION LIRA TO GARANTI BANK FOR ENDING THE LAWSUIT.  Full Article

Garanti Bankasi Proposes Not To Pay Dividend For FY 2018
Monday, 4 Mar 2019 

March 4 (Reuters) - TURKIYE GARANTI BANKASI AS ::PROPOSES NOT TO PAY DIVIDEND FOR FY 2018.  Full Article

Garanti Bankasi Announces Guidance For 2019
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - TURKIYE GARANTI BANKASI AS ::SEES LIRA LOAN GROWTH AT AROUND 5 PERCENT IN 2019.SEES 10 PERCENT CONTRACTION IN FOREIGN CURRENCY LOANS IN 2019.SEES LESS THAN 7 PERCENT NPL RATIO IN 2019.SEES FEE GROWTH AT LOW TEENS YEAR ON YEAR FOR 2019.SEES ROAE AT LOW TEENS FOR 2019.SEES YOY OPEX GROWTH LESS THAN CPI FOR 2019.SEES NET COST OF RISK TO BE LESS THAN 300 BPS IN 2019.IN LINE WITH AGREEMENT OTAS TRANSACTION, 20% OF RELATED LOAN TO BE TURNED INTO EQUITY.IN LINE WITH AGREEMENT OTAS TRANSACTION CLASSIFIED AS ASSET HELD FOR SALE IN TERMS OF IFRS 5.FOR LIRA LOANS, GROWTH WILL BE TL BUSINESS BANKING LOANS & CREDIT CARDS DRIVEN IN 2019.FOR LIRA LOANS, SHRINKAGE IN CONSUMER LOANS DUE TO HIGH FLOW OF MATURITIES IN 2019.FOR FC LOANS, DOWNWARD TREND IS EXPECTED TO CONTINUE IN 2019 DUE TO LACK OF DEMAND AND REDEMPTIONS.  Full Article

Turkish banking sector NPL Ratio 3.70 Percent -BDDK banking watchdog
Monday, 31 Dec 2018 

Dec 31 (Reuters) - :TURKISH BANKING SECTOR JAN-NOV PROFITS: 50.7 BILLION LIRA -BDDK BANKING WATCHDOG.TURKISH BANKING SECTOR NPL RATIO: 3.70 PERCENT -BDDK BANKING WATCHDOG.  Full Article

Garanti Bankasi Sells Its NPL Portfolio Of 337.2 Mln Lira To Guven Varlik For Total Of 17.6 Mln Lira
Friday, 28 Dec 2018 

Dec 31 (Reuters) - TURKIYE GARANTI BANKASI ::REPORTED ON FRIDAY SOLD ITS NON-PERFORMING LOAN PORTFOLIO RECEIVABLES ARISING FROM CREDIT CARDS, GENERAL PURPOSE LOANS, OVERDRAFT LOANS IN TOTAL AMOUNT OF 337.2 MILLION LIRA FOR A TOTAL CONSIDERATION OF 17.6 MILLION LIRA TO GUVEN VARLIK YONETIM .  Full Article

Garanti Bankasi Q3 Net Profit Increases To 1.67 Billion Lira YoY
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - TURKIYE GARANTI BANKASI AS ::Q3 NET PROFIT OF 1.67 BILLION LIRA VERSUS 1.57 BILLION LIRA YEAR AGO.Q3 NET INTEREST INCOME OF 4.85 BILLION LIRA VERSUS 3.62 BILLION LIRA YEAR AGO.Q3 NET FEE AND COMMISSION INCOME 1.26 BILLION LIRA VERSUS 964.7 MILLION LIRA YEAR AGO.NON-PERFORMING LOANS AT THE END-SEPTEMBER 10.06 BILLION LIRA VERSUS 5.41 BILLION LIRA AT END-DECEMBER 2017.  Full Article

Risk of Turkish banking crisis has eased - S&P Global

LONDON, Aug 5 The risk of full-blown banking crisis in Turkey has eased in recent months as the lira has stabilised, credit rating agency S&P Global said on Monday.