The bank last year reached a total loans volume of RON9.2 billion, up 7%, and deposits worth around RON12 billion, up 15% from 2022. The increases came amid growth in all the business segments, which shows clients’ confidence in the bank.
Loans granted to individuals rose by 19%, to over RON4 billion, while loans released for SMEs went up by 10%, to RON2.4 billion.
Individuals’ deposits advanced by 21% to RON4.4 billion, while SME deposits posted a 22% increase to RON3.7 billion.
“(…) We will continue to put clients in the center of our actions and plan to operate a series of investments to improve their interaction with the bank’s products and services,” stated Mustafa Tiftikcioglu, CEO of Garanti BBVA Romania.
The bank’s total assets topped RON15.2 billion at end-2023.
Moreover, Garanti BBVA increased its number of clients by 5%.
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).
(English version by Catalina Apostoiu)