At the same time, Fitch has emphasized the strategic importance of Banco Bilbao Vizcaya Argentaria in the shareholders structure of Turkiye Garanti Bankasi, the parent bank of Garanti Bank.
Garanti Bank is part of the financial-banking group Garanti Romania, which brings together Garanti Leasing (the brand under which the company Motoractive IFN SA operates) and Garanti Consumer Finance (the brand under which Ralfi IFN operates).
Garanti Bank is held by Turkiye Garanti Bankasi AS (TGB), Turkey’s second largest private bank. TGB is a universal bank with leading presence in all business lines.
In 2015, Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) gained majority management control of TGB.