Garanti Bank alone posted a net profit of RON78.1 million at the end of June. The bank granted loans totaling RON6.96 billion in the first six months, 7.1% more than in the same period last year. The bank’s customer deposits rose 18.5% in the same period, to RON6.84 billion.
The group’s non-banking financial institutions also turned profits in the first six months, as Garanti Credite de Consum posted a net profit of RON10.5 million, and Garanti Leasing posted a net profit of RON7.3 million.
Garanti Romania Group is owned by Turkiye Garanti Bankasi AS (TGB), Turkey’s second largest private bank. Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) is TGB’s majority shareholder.