Turkiye Garanti Bankasi Anonim Sirketi 144A ( (TKGZY) ) has released its Q4 earnings. Here is a breakdown of the information Turkiye Garanti Bankasi Anonim Sirketi 144A presented to its investors.
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Türkiye Garanti Bankası Anonim Şirketi, a prominent player in the banking sector, offers a variety of financial services, including banking operations, insurance, and investment banking. The bank operates extensively within Turkey and has international branches, supported by its main shareholder, Banco Bilbao Vizcaya Argentaria SA (BBVA), which holds an 85.97% stake.
In its latest earnings report, Türkiye Garanti Bankası A.Ş. reported a substantial increase in its consolidated financial assets, reaching nearly 3 trillion TL by the end of 2024, up from 2.2 trillion TL in 2023. This increase is primarily driven by growth in financial assets measured at amortized cost, which totaled over 2 trillion TL.
The bank’s key financial metrics indicate strong performance, with deposits increasing to approximately 2.15 trillion TL, and loans growing significantly to 1.78 trillion TL. The report also highlights a notable improvement in the bank’s net profit, reaching over 91 billion TL, reflecting a robust financial position. Additionally, the bank continues to maintain a strong capital base with shareholders’ equity rising to approximately 331 billion TL.
Looking ahead, Türkiye Garanti Bankası A.Ş. remains committed to strategic growth and maintaining its market position by leveraging its extensive network and strong financial backing. The management anticipates continued growth and stability in the coming years, focusing on innovation and customer-oriented services.
