The National Bank of Romania has approved the appointment of Mustafa Tiftikcioğlu as CEO of Garanti BBVA Romania. Mustafa Tiftikcioğlu replaces Ufuk Tandoğan, who is completing his mandate within the bank, after 9 years at the helm of Garanti BBVA Romania, according to a statement.

With extensive experience in Corporate and Commercial Credit Risk Management and Project, Acquisition and Structured Finance, Mustafa Tiftikcioğlu has been with Garanti BBVA Turkey (TGB) for almost 20 years. His previous position has been Head of Wholesale Risk at TGB, in charge with managing the wholesale credit risk framework, the wholesale portfolio quality and performance, and assessing risk strategies.

As CEO of Garanti BBVA Romania, Mustafa Tiftikcioğlu targets to further maintain the bank’s performance and risk indicators at high levels, ensure profitability and development of client portfolio, consolidate market position, and focus on sustainability and responsible banking, leveraging on BBVA Group’s expertize in the field.

“I am honored to take on this new mission and be part of Garanti BBVA´s next chapter in Romania. The banking system is gearing towards a new era, fueled by accelerated digital transformation and focus on sustainability. I look forward to working with our committed team in further building on the bank’s assets, in order to consolidate reputation and market position. Our customers are at the heart of everything we do and we will continue to support them in achieving their goals and fulfilling their dreams”, stated Mustafa Tiftikcioğlu, CEO of Garanti BBVA Romania.

Mustafa Tiftikcioğlu was born in 1969, and has a bachelor’s degree in industrial engineering from Bogazici University, Turkey. He also holds a master’s degree in industrial engineering majoring in Economic Decision Analysis from Georgia Institute of Tehnology, USA.

Garanti BBVA Romania is one of the healthiest financial institutions in the local market, with superior portfolio quality and coverage ratios, supported by a high capital adequacy. Over the past decade, the bank consistently and organically increased its asset size, currently exceeding EUR 2.2 billion.

Active in Romania since 1998, Garanti BBVA Romania is a subsidiary of Garanti BBVA Turkey, the second largest private bank in Turkey, with a total asset size of EUR 60 billion (as of Dec. 2020), a leading presence in all business lines, and more than 18 million customers. The majority shareholder of Garanti BBVA Turkey is Banco Bilbao Vizcaya Argentaria (BBVA), which is one of the leading global financial groups with a total asset size of over EUR 736 billion, serving to more than 80 million customers (as of Dec. 2020).