IN THE FIRST HALF OF THIS YEAR WITH THE SAME PERIOD OF 2017 Garanti Bank – Net profit of 65 million lei, down 13 million – Insurance banks

* The Garanti Group Romania achieved a net profit of 78.8 million lei, compared to 96 million lei, in the first six months of 2018 compared to the same period the year last

] The Garanti Group Romania, which brings together Garanti Bank, Garanti Leasing and Guaranteed Consumption Loans, achieved a consolidated net profit of 78.8 million lei in the first half of 2018, compared to 96 million lei – the net profit recorded in the same During the first six months of the year, the Garanti Group recorded a consolidated net profit of 274.9 million lei and a 10.2% increase in total assets, which has reaches 11.58 billion lei. , said a press release to the editorial board.
At the individual level, Garanti Bank recorded a net profit of 64.6 million lei at the end of June, its significant activity contributing significantly to this result. In the same period of the previous year, the bank had a net profit of 78.1 million lei.
During the period analyzed, Garanti Bank recorded an annual growth of 9.8% on the volume of loans, of 9.06 billion lei (against 8.24 billion lei in January-June 2017) and 13.9% of the volume of deposits to 7.79 billion lei (against 6.84 billion lei in the same period last year).
The banking institution claims that the indicators and risk are at a comfortable level, stating: "The ratio of non-performing loans has continued to fall, being well below the market average, while Non-performing loan provisioning is greater than 55%. "
Ufuk Tandogan, CEO of Garanti Group Romania, said:" The results achieved in the first half are in line with the targets set for 2018, taking into account the macroeconomic context and of our forecasts on the evolution of the economy. To be a trusted financial partner for well-known customers in all business sectors, we will continue to focus on developing our organic presence in the local market, maximizing customer satisfaction and maintaining profitability and profitability. quality of the portfolio. In the first half of the year, Garanti Bank's card portfolio continued to grow, with 300,000 units depending on it. At the same time, the national network of Guaranteed Outlets has grown over the first six months and has grown by 5%, reaching more than 13,000 terminals.
In the first half of the current year, Garanti Consumer Loans generated a net profit of 5.3 million lei, compared to 10.5 million lei at the same period last year, while Garanti Leasing – a net profit of 8, 9 million lei, against 7.3 million lei, between January and June 2017.
The group Garanti Romania belongs to Turkiye Garanti Bankasi (TGB), the second largest bank private of Turkey. In the first half, TGB recorded net consolidated net profit of 3.9 billion euros (732.1 million euros) and assets of 384.9 billion euros (72.25 euros). billion euros). The credit portfolio (cash and non cash) amounted to 319.2 billion Turkish lira (59.92 billion euros). TGB serves 15.8 million customers in corporate, small and medium-sized businesses, as well as in retail and integrated financial services
The Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) is the majority shareholder of TGB. In the first half, BBVA recorded a consolidated asset volume of 689.6 billion euros and a net profit group share of 2.6 billion euros.