Resolute partner

Güvenilir iş ortağı
Annual Report 2021
Güven Veren Büyüme

48%

Growth in
factoring
receivables

Trust-Inspiring Growth

Our expertise, correct strategies and strong financial structure allow us to be at our customers’ side in their times of need. We inspire trust, both by the growth rates of our financial statement and our profitability ratios. By the end of 2021, we managed to expand our asset size to TL 4.4 billion and our factoring receivables to TL 4.2 billion.

48%

Growth in
factoring
receivables

5.1

TL billion

Trading value
for SMEs

Inclusive Growth

Inclusive Growth

We continue financial inclusion to diversify our portfolio and provide more support to SMEs, which are the capillaries of our economy. We create a difference in the industry with our supplier financing implementation, increase operational efficiency by allowing suppliers of large companies to benefit from the main company’s position and provide a strong benefit to commercial operations.

5.1

TL billion

Trading value
for SMEs

Growth by Supporting Export

5.1

TL billion

Export factoring
trading volume

Growth by Supporting Export

We provide warranty for companies’ export receivables from product and service sales directed abroad. We offer small exporters the possibility to enter unknown new markets and undertake a strong role by providing a consultancy and warranty service.

5.1

TL billion

Export factoring
trading volume

44,002

number of transactions

Growth by Digital Innovations

Growth by Digital Innovations

We shorten and facilitate transaction times by digitizing all processes related to factoring services. Additionally, we conduct many operational processes that do not require decisions and include repetitions to robot processes named RPA while ensuring their rapid and error-free continuation. We increase the rate of inclusion with digital transformation.

44,002

number of transactions

Growth Crowned with Success

Growth Crowned with Success

We carry the pride of being chosen as “The World’s Best Export Factoring Company” for the fifth time with a full 100 score by Netherlands-based Factors Chain International (FCI), which is active in approximately 90 countries abroad and includes close to 400 active export and import factoring companies.

In a difficult year driven by uncertainties, we continued to add value to commercial life without altering our strong stance and while staying true to our strategy.
We serve a wide range of customers, especially SMEs, companies highlighted by their importing/exporting identities, organizations with a wide network of suppliers and dealers at the fore. We value inclusion with an innovative approach and digitalization and offer quality and fast solutions to our customers, with diversified products for both domestic and international transactions.
We continue our work to increase the share of SME customers in our financial statement and add more value to export transactions.
2021 yearly trading value - 17.3 TL billion

About Garanti BBVA Factoring

Garanti BBVA Factoring, provides under one umbrella the financing, guarantee and collection products required by both domestic and foreign trade.
About Garanti BBVA Factoring

Garanti BBVA Factoring at a Glance

Garanti BBVA Factoring has continued stable growth with the same mission and vision, in a year in which the effects of the Covid-19 pandemic have not fully recovered.

4.36

TL Billion

Asset Size

131.9

TL Million

Net Profit for the Period

345

TL Million

Shareholder’s Equity

17.3

TL Billion

Transaction Volume

44,002

Number of
Total Factoring
Transactions

4.15

TL Billion

Factoring Receivables

120

Number of
Employees

11

Number of
Branches

4,979

Number of customers
with risk

8,260

Number of total customers
with transactions

Chairman’s Assessment

Garanti BBVA Factoring has continued to operate as one of the leading companies in the non-banking financial sector, measured by both its experienced and qualified human resources and its pioneering technological initiatives.
Recep Baştuğ
Chairman of the Board of Directors
Chairman of the Board of Directors

General Manager’s Assessment

The “World’s Best Export Factoring Company” award is cherished by us, as it displays the importance of the continuous and stable support we have provided to the real economy.
Kaya Yıldırım
General Manager
General Manager