Assets rose 5% on the year, to RON9 billion, the company said in a statement.
Garanti Bank registered revenue worth RON539.2 million, up 26.3% on the year. At the same time, the bank’s net profit reached RON 9.4 million, having absorbed the impact of prudential requirements associated with the banking system in 2014, still remaining profitable, the group said.
In 2014, Garanti Bank’s overall loan volume reached RON 5.83 billion, registering a 19.8% increase year on year.
The SME segment grew by 17.1% compared to the previous year, while the corporate segment increased by 7.8% in the same period. The retail segment also increased, by 31.4%, following the merger with Garanti Mortgage. Customer deposits registered a 66% growth in volume.
The bank has 84 units and over 300 ATMs nationwide.
The group’s non-banking institutions also registered profit last year. Thus, Garanti Credite de Consum reported a profit of RON13.9 million (EUR3.1 million), while Garanti Leasing’s profit reached RON11.1 million (EUR2.5 million).
In 2014, Turkiye Garanti Bankasi posted an unconsolidated net income of TL3.2 billion (RON5.15 billion), and total assets of TL218.9 billion (RON352.02 billion). (EUR1=RON4.4081)