Edition:
United Kingdom

Turkiye Garanti Bankasi AS (GARAN.IS)

GARAN.IS on Istanbul Stock Exchange

9.15TRY
17 Jan 2019
Change (% chg)

-0.10TL (-1.08%)
Prev Close
9.25TL
Open
9.28TL
Day's High
9.35TL
Day's Low
9.10TL
Volume
98,679,190
Avg. Vol
126,188,285
52-wk High
12.75TL
52-wk Low
5.54TL

Latest Key Developments (Source: Significant Developments)

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

Garanti Bankasi To Issue Debt Instruments Up To 20 Billion Lira Domestically
Thursday, 4 Oct 2018 

Oct 5 (Reuters) - TURKIYE GARANTI BANKASI AS ::SAID ON THURSDAY TO ISSUE DEBT INSTRUMENTS UP TO 20 BILLION LIRA WITH PRIVATE PLACEMENT TO QUALIFIED INVESTOR DOMESTICALLY.  Full Article

Garanti Bankasi Q2 Net Profit Increases To 1.91 Billion Lira YoY
Thursday, 26 Jul 2018 

July 26 (Reuters) - TURKIYE GARANTI BANKASI AS ::Q2 NET PROFIT OF 1.91 BILLION LIRA VERSUS 1.55 BILLION LIRA YEAR AGO.Q2 NET INTEREST INCOME OF 4.49 BILLION LIRA VERSUS 3.77 BILLION LIRA YEAR AGO.Q2 NET FEE AND COMMISSION INCOME 1.19 BILLION LIRA VERSUS 912.6 MILLION LIRA YEAR AGO.NON-PERFORMING LOANS 9.15 BILLION LIRA AT END JUNE 2018 LIRA VERSUS 5.41 BILLION LIRA AT END DEC 2017.  Full Article

Garanti Bankasi Revises Outlook For 2018
Thursday, 26 Jul 2018 

July 26 (Reuters) - TURKIYE GARANTI BANKASI AS ::REVISES EXPECTED NPL RATIO AS 4.0 - 4.5 PERCENT FOR FY 2018.SEES LIRA-DENOMINATED LOAN GROWTH LOWER THAN 14 PERCENT IN FY 2018.  Full Article

Garanti Bankasi Q1 Net Profit Up At 2.00 Billion Lira
Thursday, 26 Apr 2018 

April 26 (Reuters) - TURKIYE GARANTI BANKASI AS ::Q1 NET PROFIT OF 2.00 BILLION LIRA VERSUS 1.53 BILLION LIRA YEAR AGO.Q1 NET INTEREST INCOME OF 3.79 BILLION LIRA VERSUS 3.19 BILLION LIRA YEAR AGO.Q1 NET FEE AND COMMISSION INCOME 1.17 BILLION LIRA VERSUS 874.8 MILLION LIRA YEAR AGO.NON-PERFORMING LOANS AT THE END OF MARCH IS AT 5.66 BILLION LIRA.  Full Article

Garanti Bankasi Appoints Selahattin Guldu As Executive Vice President In Charge Of Commercial Banking
Thursday, 5 Apr 2018 

April 5 (Reuters) - TURKIYE GARANTI BANKASI ::APPOINTS SELAHATTIN GULDU AS EXECUTIVE VICE PRESIDENT IN CHARGE OF COMMERCIAL BANKING.  Full Article

Garanti Bankasi Expectations and Forecasts For 2018‍​
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - GARANTI BANKASI ::SEES ASSET GROWTH ABOUT 10 PERCENT ‍​.SEES LOAN GROWTH ABOUT 14-15 PERCENT FOR 2018‍​.SEES NON-PERFORMING LOAN RATIO AT ABOUT 3.0 PERCENT FOR 2018 AND STRONG COLLECTION PERFORMANCE TO BE MAINTAINED.SEES ROAE MORE THAN 16.5 PERCENT AND ROAA MORE THAN 2.2 PERCENT FOR 2018.  Full Article

MIDEAST - Factors to watch - December 23

DUBAI, Dec 23 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.