Garanti BBVA CEO Mahmut Akten explained that the third quarter marked the start of the normalization of monetary policy, with rate cuts of 550 bps in line with disinflation targets. However, the downward trend in Turkish lira deposit costs moderated in September, primarily due to regulatory impacts. \u201cGaranti BBVA continued to stand out for its profitability due to its effective pricing strategy and customer-oriented approach,\u201d the CEO said, adding that current economic conditions require highly disciplined pricing, balance sheet and margin management. \u201cAs a result, we reinforced our leadership with market share gains in TL loans and a growing deposit base,\u201d he stated.<\/p>\n
The shift in deposit composition toward Turkish lira has been gaining momentum in recent years. During this period, the sector has strived to strike a balance between rising funding costs and meeting targets set by regulatory authorities. Amid high costs, Garanti BBVA saw growth in demand deposits, which now make up 43 percent of the deposit base. The CEO attributed this success to the bank\u2019s efforts to redesign all products and processes from the customer\u2019s perspective \u2014 offering personalized solutions as part of a Radical Client Perspective approach.<\/p>\n
In addition, Garanti BBVA advanced its digitization strategy, which it views as a way to create sustainable value. In the SME and commercial banking segment, the bank launched the pioneering \u2018KOB\u0130 Bankac\u0131m Yan\u0131mda\u2019 remote relationship management model. Meanwhile, in retail banking, customers can now apply for loans of up to TL 3 million entirely online.<\/p>\n
Akten also noted that the bank successfully issued a $700 million Tier 2 bond in October, reflecting its strong capital base and investor confidence. Over the past two years, Garanti BBVA has issued four subordinated debt instruments, totaling $2.45 billion.<\/p>\n
Akten emphasized the bank\u2019s strong performance despite challenging market conditions. \u201cWe will move forward with determination, creating value in every area \u2014 from digitization to sustainability,\u201d he stressed, adding that Garanti BBVA will continue to contribute to economic and social development in T\u00fcrkiye, while maintaining balanced growth focused on TL. \u201cI would like to thank my colleagues, whose hard work and dedication made this success possible, and all our stakeholders for their continued trust,\u201d he concluded.<\/p>\n
\u00b9 Does not include forbearance introduced by the BRSA.<\/p>\n","protected":false},"excerpt":{"rendered":"Garanti BBVA CEO Mahmut Akten explained that the third quarter marked the start of the normalization of monetary…\n","protected":false},"author":2,"featured_media":1018,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[148],"class_list":{"0":"post-1968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bbva","8":"tag-bbva"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/1968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=1968"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/1968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/1018"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=1968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=1968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=1968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}