Garanti Group Romania, one of the most innovative and dynamic financial groups on the local market, has reached in 2015 a total net profit of RON 100.4 million, three times higher than in 2014. The Group also registered RON 535.4 million net revenues, while the total assets volume size grew by 16.1%, amounting RON 10.55 billion.

The increase was mainly generated by Garanti Bank’s increase in net profit, which at the end of 2015 reached RON 65.3 million.

Moreover, the bank’s deposits reached a total of RON 5.73 billion, a 40% increase year-on-year, while the overall loans volume reached a total of RON 6.74 billion in 2015, a 15.7% increase as compared to 2014.

Corporate loans registered the biggest increse, of 28%, while SME lending rose by 8.6% and retail lending by 10.8%.

Furthermore, Garanti Bank increased its market share and is currently the 10th bank in the system.

“2015 has been a good year for all Garanti Group’s institutions, especially the bank. The deposits volume has shown a significant increase, confirming our clients’ trust in our products and services. We aim to continue the upward evolution in 2016 as well, on all business lines, developing a well-balanced portfolio, in order to best satisfy our customers’ needs”, stated Ufuk Tandoğan, CEO Garanti Group Romania.

Garanti Group’s non-banking institutions also registered profit in 2015: Garanti Consumer Finance – RON 24.1 million and Garanti Leasing – RON 11 million.

Garanti Bank is held by Turkiye Garanti Bankasi AS (TGB), the largest private bank in Turkey in terms of market capitalization. For 2015, Garanti Bank announced a consolidated net income of TL 3.61 billion (EUR 1.15 billion), while asset size reached TL 279.65 billion (EUR 88.53 billion).

At the same time, contribution to the economy through cash and non-cash lending totaled TL 220.69 billion (EUR 69.87 billion). The bank serves more than 14 million customers in corporate, commercial, SME, and consumer segments offering fully integrated financial services.

About Garanti Group Romania

Garanti Group consists of Garanti Bank, Garanti Leasing (the brand under which Motoractive IFN SA operates) and Garanti Consumer Finance (the brand under which Ralfi IFN SA operates). The two Non-Banking Financial Institutions complete Garanti Bank’s offer with specific leasing products (financial leasing – vehicles, equipment, real estate – sale & lease-back), fleet administration services, as well as consumer loans. Garanti Group offers financial services on the local market to more than 500,000 clients.
Garanti Group is held by Turkiye Garanti Bankasi AS (TGB), an universal bank with top services for all business lines.

Garanti Bank Romania offers a series of quality products and services for all business segments: retail, SME and corporate, and it is one of the most dynamic and innovative banks on the local market. Present in Romania since 1998, the bank has developed a solid portfolio of clients and expanded its national presence through branches and alternative channels, reaching an extended network of 84 branches and over 300 intelligent ATMs that can be used by anyone, not just bank customers, for transactions with or without cards.

In 2015, International Rating agency Fitch Ratings upgraded the ratings of Garanti Bank Romania. The bank’s long term IDR was upgraded to ‘BBB-‘, from ‘BB+’ (Outlook stable). Fitch emphasized that GBR, one of the few banks In Romania having investment grade rating, remains a strategically important subsidiary of its parent bank.