Strong Shareholding Structure

With 19,2% market share, Garanti BBVA is the second largest private bank in TL loans.

Türkiye Garanti Bankası A.Ş.

Established in Ankara in 1946, Garanti BBVA is Turkey’s second largest private bank and most valuable bank with a consolidated asset size of TL 849 billion as of Friday, December 31, 2021.

Garanti BBVA, which operates in all segment of the banking sector, including the corporate, commercial, SME, retail, private and investment banking, payment systems, is an integrated financial services group with its financial subsidiaries in the fields of private pension and life insurance, leasing, factoring, investment and portfolio management, in addition to its international subsidiaries in the Netherlands and Romania.

The custom-tailored solutions and wide product range that Garanti BBVA offers to its customers play a key role in reaching its TL 610 billion cash and non-cash loan portfolio. Garanti BBVA’s disciplined and sustainable growth strategy by creating capital without compromising the sound asset quality enables the bank to move forward with strong steps. The bank occupies a leading position in many core banking services:

With 19,2% market share is the second largest private bank in TL loans.

The largest TL customer deposits portfolio with 19,7% market share reflects the Bank’s strong relations banking.

The Bank is in leader position in individual loans with close to 20 million individual customers.

The Bank holds 2nd position in TL business loans with 17,5% market share, first place among private banks with brand strength and SME NTS, and is the undisputed leader in all financial indicators including Net Interest Margin, Net Income, Net Fee and Commission Income and Return on Equity.

Garanti BBVA aims to present the possibilities of today to everyone and to create value for all its stakeholders towards this purpose. The Company provides tailored solutions and guidance to improve clients’ financial health alongside its strategic priorities. Garanti BBVA attaches great importance to positively influencing the decision-makers and the sector regarding sustainability and to bringing sustainability mainstream. In addition, Garanti BBVA creates shared value and supports positive change, via social programs focusing on issues considered a priority by the Bank, its stakeholders and its strategic partners and loan disbursements focused on impact investment.

As Garanti BBVA continuously improves its business model and processes in line with a focus on operational excellence, it closely monitors financial and non-financial risks. To accelerate and strengthen value creation, Garanti BBVA continues to reach more customers by being where customers are. As of Friday, December 31, 2021, the Company meets all financial needs of nearly 20 million customers with an extensive distribution network consisting of 863 domestic branches, 8 abroad branches with 7 in Cyprus and 1 in Malta and 1 representative office, and its 18,354 employees. With its conveniently integrated channels, Garanti BBVA offers uninterrupted experience in all channels through 5,401 ATMs with high-end technological infrastructure, an award-winning Call Center and internet, mobile and social banking platforms.

For Garanti BBVA, data and technology are primary factors in realizing its “best and most loyal team” strategy. Since 2019, Garanti BBVA has gained more than 2.5 million new customers and reached more than 11 million digital and 10.6 million mobile customers, and the share of digital sales in total sales has surpassed 80%. The Bank continuously invests in strong and reliable technology, and benefit from advanced data analytics and artificial intelligence. At the foundation of Garanti BBVA’s human resource outlook is the principle to invest in humans. With the awareness that human resources are the engine driving all progress, the fundamental building blocks of the Company’s system are to continuously recruit young and creative minds to Garanti BBVA, to train and develop them, to provide employees with environments where they can demonstrate their talents, and to offer opportunities, and see and reward their achievements.

The controlling shareholder of Garanti BBVA, who implements an advanced corporate governance model that supports the bank’s core values, is Banco Bilbao Vizcaya Argentaria S.A., which owns 49.85% of its shares (BBVA). Garanti BBVA, whose shares are publicly traded in our country and depositary receipts in the UK and USA, has an actual free float of 50.07% in Borsa Istanbul as of Friday, December 31, 2021.

Banco Bilbao Vizcaya Argentaria S.A

Banco Bilbao Vizcaya Argentaria S.A. (“BBVA”), who has become an equal strategic partner with Doğuş Holding after acquiring the stakes held by GE Capital Corporation and Doğuş Holding A.Ş. in 2011, currently owns 49.85% of Garanti Bank shares.

Türk Eximbank supported exports in the amount of USD 46.1 billion in 2021.
Strong Shareholding Structure

Established in 1857, BBVA ranks among the largest banks in Spain. Apart from having pioneer subsidiaries in South America, BBVA is the biggest financial institution in Mexico and one of the top commercial banks in the US.

As of 31 December 2021, BBVA’s asset size is EUR 662.9 billion, shareholders’ equity is EUR 49 billion, and the net profit for the period of 2021 is EUR 4.6 billion. BBVA shares are traded on stock exchanges in Spain, New York, London, Mexico and Peru. As of 31 December 2021, the Group’s shares carried equal voting rights, with about 827 thousand shareholders across the globe.

Maintaining its operations for more than 150 years, BBVA provides services to 81.7 million customers with its 110 thousand employees through 6,083 branches in more than 30 countries. In this new competitive environment, BBVA has the mission of “facilitating the opportunities of the age for everyone” through the customer-centric vision in its activities.

Türkiye İhracat Kredi Bankası A.Ş.

Türkiye İhracat Kredi Bankası A.Ş. (Export Credit Bank of Turkey – Türk Eximbank) was established with a decree of the Turkish Council of Ministers published in the Official Gazette on August 21, 1987. The main objective of Türk Eximbank is to boost exports by providing loans.

The main objectives of Türk Eximbank are boosting exports, diversifying goods and services exported, introducing new markets for export goods, helping exporters increase their share in international commerce and providing them with the support they need for their operations. In addition, Türk Eximbank ensures that exporters and contractors operating abroad remain competitive and secure, provides support to and promotes both foreign investment in Turkey, and the production and sale of investment goods for export.

Türk Eximbank, as the sole corporate incentive source of export in Turkey, provides short, medium and long term cash and non-cash loans, insurance and guarantee programs to support exporters having the same objective, and manufacturers that produce for export as well as contractors and entrepreneurs operating abroad. Since Türk Eximbank gathers all guarantee and insurance products under one roof, the integrity of services provided to exporters is greater than those offered by disparate official export credit agencies in developed countries.

As of the end of 2021, Türk Eximbank has extended USD 22.5 billion cash loans and USD 23.6 billion insurance/guarantees; in total, the support to exports amounted to USD 46.1 billion. As of the end of 2021, the Bank’s asset size is at the level of TL 322.4 billion. Türk Eximbank’s paid-in capital reached TL 10.8 billion, up from TL 9.27 billion, through cash capital transfers of TL 100 million from the Treasury, and profit reserves offsetting of TL 1.43 billion.

Türk Eximbank provides services through 22 branches and 10 liaison offices. Headquartered in Istanbul (Anatolian Side), the Bank operates regional offices in the Central Anatolia, Marmara and Aegean regions, as well as 22 branches on the European side of Istanbul, in Ankara, Gaziantep, İzmir, Denizli, Bursa, Kayseri, Konya, Antalya, Adana, Gebze, Central, Istanbul Odakule, Çorlu, Maltepe, Manisa, Mersin, Eskişehir, Trabzon, İskenderun, Istanbul İkitelli Organized Industrial Zone and Kahramanmaraş, and 10 liaison offices located in Samsun, Aegean Regional Chamber of Industry, Aegean Exporters’ Association, İzmir Kemalpaşa Organized Industrial Zone, Aydın, Erzurum, Hatay, Sakarya, İstanbul Anatolian Side Organized Industrial Zone and İnegöl.