Garanti BBVA Continues to Deliver Consistent Performance Thanks to Its Strong Capital Structure and Customer-Centric Strategy

The bank continued to actively manage its funding base, with customer deposits remaining the bank’s primary source of funding, accounting for 66.2% of total assets. The customer deposit base reached TL 3.5 trillion, up 9.8% in the first six months of the year. Maintaining its strong capital position, the Bank’s capital adequacy ratio stood at 15.9% in the period. The Bank delivered an ROAE (Return on Average Equity) of 28.1% and an ROAA (Return on Average Assets) of 2.7%.

Garanti BBVA CEO Mahmut Akten commented: “During the second quarter, geopolitical developments continued to create a high degree of uncertainty in the global economy, while domestically, the tight monetary policy stance and the macroprudential framework remained the key factors shaping the operating environment for the banking sector.”

Explaining how Garanti BBVA differentiated itself in this landscape during the second quarter of 2026, Akten said: “The combination of elevated funding costs driven by the tight monetary policy stance and higher credit risk costs continued to exert pressure on the banking sector’s returns during the second quarter. Despite these headwinds, Garanti BBVA was able to limit the impact on its financial performance with the support of its diversified revenue base, disciplined balance sheet management, and strong capital position. Driven by strong fee income and the increasing contribution from our financial subsidiaries, we maintained our return on equity at 28%, bellow inflation.

Our financial resilience is built on a customer-centric, lending-focused growth strategy. Our expanding customer base and the long-term relationships we have forged with our customers remain the key pillars of our sustainable growth. During the quarter, we maintained our leadership in Turkish lira lending, supported by strong market share gains in consumer loans, credit cards and SME lending, while continuing to provide uninterrupted financing to both the economy and our customers.”

Akten pointed to Garanti BBVA’s several successful external funding transactions: “We successfully completed our first thematic syndicated loan, structured around a Just Transition framework, marking another important milestone in our access to international funding markets. In addition, under our international funding program, we completed three thematic bond issuances in sustainable finance. We first issued a €30 million Green Bond to support climate adaptation and resilience in sustainable agriculture. This was followed in July by a $30 million sustainable bond aligned with the Orange Bond Principles to finance initiatives promoting gender equality and women’s economic empowerment. Most recently, we issued a further $30 million sustainable bond to support projects focused on climate adaptation and resilience. These transactions not only demonstrate the confidence that international investors place in Garanti BBVA and the strength of our balance sheet, but also reinforce our commitment to financing investments that support the transition to a low-carbon economy while promoting social inclusion, employment, and broader access to economic opportunities.”

Commenting on the Bank’s 80th anniversary, Akten said: “As we celebrate Garanti BBVA’s 80th anniversary this quarter, we see this milestone not only as a reflection of our history, but also of the enduring strengths that continue to shape our future. Our robust financial position, leadership in technology, talented people and the trust we have built with our customers over the years, provide a strong foundation for our sustainable growth in the years ahead. Our ability to adapt to changing economic conditions, together with the scale we have achieved and the resilience of our business model, give us every confidence for the future. Building on our 80 years of experience, we remain committed to creating sustainable value for our customers, our stakeholders and Türkiye.”

Key financial figures on the bank’s operating results for the period:

• Average return on assets: 2.7%.
• Average return on equity: 28.1%.
• Support provided to the economy through performing cash and non-cash credits: TL 3.9 trillion.
• Market shares for total performing loans, TL loans and FX loans: 11.1%, 12.5% and 8.4%, respectively.
• Since the beginning of the year, total customer deposits are up 9.8% and the market share stands at 10.9%.
• Share of customer demand deposits to total customer deposits: 38%.
• Capital adequacy ratio of 15.9%, above the minimum requirement of 12.16%.
• Non-performing loans ratio of 3.6%.