Bank loan

Guaranteed BBVA led private banks in TL loan growth in 2021

Recep Baştuğ, CEO of Garanti BBVA underlined the resilience of the bank and the Turkish banking sector as a whole, despite the difficult conditions, both globally and locally in 2021. He also added: “We ended the year with very good results, a year during which the banking sector prioritized sound balance sheet management, digitalization and sustainability.

Garanti BBVA’s dynamic balance sheet management has enabled the bank to increase its support for the Turkish economy, well above the rest of the banking sector. Loans in TL grew by 27%, reaching TL 264 billion in 2021. With strong domestic demand, Garanti BBVA has seen balanced and stable growth in commercial and consumer loan portfolios.. Guaranteed BBVA has taken a careful and proactive approach to loans over the years, with transparent loan classification. As a result, asset quality is clear and any possible deterioration in quality would be covered by the bank’s high coverage ratios. “This conservative position and our strong capital base allow us to grow by contributing to the economy without interruption,” the CEO emphasized.

In terms of digitization, Turkey has seen one of the fastest growths in the world in digital development during the pandemic. In banking in particular, the industry has made rapid progress in both product and online banking, and customer acquisition has shifted to digital channels. “Thanks to the investments we have made for many years in digital banking, we are maintaining our leading position in this area. Using the power of technology, we continue to support our customers and deliver solutions that make their lives easier,” said Garanti BBVA. CEO Recep Bastuğ. As a result, the number of active mobile customers increased from 7.7 million at the end of 2019 to 10.6 million at the end of 2021 – an increase of 38% – and the number of active digital customers exceeded 11 million.

Meanwhile, sustainable finance has continued to dominate the banking sector over the past year – both in Turkey and globally. Proof of this is Turkey’s signing of the Paris Climate Change Agreement in 2021. And Garanti BBVA became the first and only bank in Turkey to commit to the UN Net Zero Banking Alliance in 2021 , while continuing to be carbon neutral since 2020.” Prior to this commitment, we were also the first bank in Turkey to announce that we will not finance coal and coal-related activities,” Recep Baştuğ recalled. He also highlighted Garanti BBVA’s success in launching the world’s first green public offering, the implementation of the Garanti BBVA Climate Index and the Corporate Green Vehicle Package – a first in the country.. “While making changes to our own operations, we also continue to encourage society and our customers to make the transition to a greener future. The biggest players in sustainable development will undoubtedly be the banks, which provide two-thirds of global finance,” he added.

Garanti BBVA not only values ​​its impact on the economy, but also its contributions to the environment, social issues and technology. “We act with this conscience in mind,” the CEO said. Recep Bastug. “I would like to thank all of our stakeholders, especially our customers who participated in this journey, supported us and trusted us, as well as my colleagues whose efforts contributed greatly to this process,” he said. concluded.

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