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Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY)
OTHER OTC:TKGZY
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.17Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -0.26%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a largely positive outlook with strong financial performance, leadership in market share, and robust digital growth. However, challenges such as economic slowdown, inflation, and potential regulatory changes pose risks that could impact future performance.Company Guidance
During Garanti BBVA's 2024 Financial Results and 2025 Operating Plan Guidance Webcast, several key metrics and projections were discussed. For 2024, the bank achieved a net income of TRY92.2 billion, marking a 17% year-on-year growth. The return on average equity was 33%, while return on average assets stood at 3.5%. The policy rate decreased from 47.5% to 45% in January, with expectations of further cuts leading to a year-end rate of 31%. The bank's core banking revenue increased by 62%, and Turkish lira loan growth reached 52%. For 2025, Garanti BBVA forecasts a GDP growth of 2.5%, a year-end inflation of 25.5%, and a current account deficit of 1.5% of GDP. The guidance includes a Turkish lira lending growth above average CPI, a net cost of risk between 2% to 2.5%, and an anticipated margin expansion of 300 basis points by year-end. The bank's capital adequacy ratio was reported at 18.2%, and the cost-income ratio was 44%, underscoring operational efficiency. These metrics highlight Garanti BBVA's robust financial performance and strategic focus on sustainable growth amidst a challenging economic environment.Strong Net Income Growth
Garanti BBVA ended 2024 with TRY92.2 billion in annual net income, representing a 17% year-on-year growth. Return on average equity was 33%, and return on average assets was 3.5%, the highest among peers.
Robust Core Banking Revenue
The bank achieved a 62% growth in core banking revenue, highlighting strong performance even amidst increasing interest rates and regulatory pressures.
Leadership in Market Share
Garanti BBVA solidified its leadership with a 22% market share in Turkish lira loans, 24% in credit cards, and 28% in consumer mortgages among private banks.
Improved Asset Quality and Cost of Risk
Stage 2 and Stage 3 loan ratios were managed with high provisions, and the cumulative net cost of risk was recorded at 78 basis points, lower than the annual guidance of 125 basis points.
Digital Empowerment and Customer Growth
Digital active customers reached 16.7 million, with digital sales comprising 89% of total sales, supporting significant cross-sell and increased customer penetration.
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Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) Earnings, Revenues Date & History
TKGZY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TKGZY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $3.79 | $3.77 | -0.53% |
| Oct 30, 2024 | $3.21 | $3.16 | -1.56% |
| Jul 30, 2024 | $3.82 | $3.58 | -6.28% |
| Apr 29, 2024 | $2.49 | $2.53 | +1.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) report earnings?
Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) earnings time?
Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TKGZY EPS forecast?
Currently, no data Available
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