Garanti BBVA Continues to Deliver Strong Financial Results
Garanti BBVA recently announced its results for the first nine months of the year, reporting TL 84.47 billion in net income, TL 4.27 trillion in assets and TL 3.23 trillion in cash and non-cash loans. Customer deposits funded 69.1 percent of assets, with the deposit base reaching TL 2.91 trillion in the first nine months of 2025 – up 38.7 percent. The bank’s capital adequacy ratio stood at 16.3 percent,¹ return on average equity (ROAE) was 30.9 percent, and return on average assets (ROAA) was 3.1 percent.
Garanti BBVA CEO Mahmut Akten explained that the third quarter marked the start of the normalization of monetary policy, with rate cuts of 550 bps in line with disinflation targets. However, the downward trend in Turkish lira deposit costs moderated in September, primarily due to regulatory impacts. “Garanti BBVA continued to stand out for its profitability due to its effective pricing strategy and customer-oriented approach,” the CEO said, adding that current economic conditions require highly disciplined pricing, balance sheet and margin management. “As a result, we reinforced our leadership with market share gains in TL loans and a growing deposit base,” he stated.
The shift in deposit composition toward Turkish lira has been gaining momentum in recent years. During this period, the sector has strived to strike a balance between rising funding costs and meeting targets set by regulatory authorities. Amid high costs, Garanti BBVA saw growth in demand deposits, which now make up 43 percent of the deposit base. The CEO attributed this success to the bank’s efforts to redesign all products and processes from the customer’s perspective — offering personalized solutions as part of a Radical Client Perspective approach.
In addition, Garanti BBVA advanced its digitization strategy, which it views as a way to create sustainable value. In the SME and commercial banking segment, the bank launched the pioneering ‘KOBİ Bankacım Yanımda’ remote relationship management model. Meanwhile, in retail banking, customers can now apply for loans of up to TL 3 million entirely online.
Akten also noted that the bank successfully issued a $700 million Tier 2 bond in October, reflecting its strong capital base and investor confidence. Over the past two years, Garanti BBVA has issued four subordinated debt instruments, totaling $2.45 billion.
Akten emphasized the bank’s strong performance despite challenging market conditions. “We will move forward with determination, creating value in every area — from digitization to sustainability,” he stressed, adding that Garanti BBVA will continue to contribute to economic and social development in Türkiye, while maintaining balanced growth focused on TL. “I would like to thank my colleagues, whose hard work and dedication made this success possible, and all our stakeholders for their continued trust,” he concluded.