”As the year draws to a close, it is noteworthy to assert that 2023 has exhibited improvements over its predecessors, notwithstanding the persistent economic challenges. Despite this, our adept ability to adapt, adhere to planned business development, surpass initial projections, and maintain strong relationships with our clients has been evident. The affirmation of Garanti BBVA Romania’s outlook and ratings by Fitch serves as validation for our well-calibrated strategy and the diligent efforts of our teams”, stated Mustafa Tiftikcioglu, CEO of Garanti BBVA Romania.
The affirmation of Garanti BBVA`s ratings coincide with Fitch’s observation of Romania’s economic environment strengthening, aligning with Central and Eastern European standards. This convergence is anticipated to enhance opportunities for Romanian banks to engage in successful business activities.
Garanti BBVA is part of Garanti BBVA Romania Group, alongside Garanti BBVA Leasing and Garanti BBVA Credite de Consum.
Garanti BBVA Romania is owned by Garanti BBVA (TGB), Turkey’s most valuable and second largest private bank. The majority shareholder of Garanti BBVA Turkey is Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA).