Garanti Bank had a net profit of RON31 million and net revenues in the first quarter.
The group’s non-banking financial institutions also turned a profit in the first quarter. Garanti Consumer Finance had a net profit of RON2.2 million and Garanti Leasing had a net profit of RON4.8 million.
Total loans granted by Garanti Bank in the first quarter reached RON7.25 billion, while customer deposits reached RON7.85 billion. It said deposits of individuals grew 61.7% on the year and those of SMEs grew 40.5%.
Garanti Group Romania is owned by Turkiye Garanti Bankasi AS (TGB), the second largest private bank in Turkey.