Garanti Bank

Type	Bank
Founded	1946
Headquarters	Istanbul, Turkey
Key people	Mr. Ferit Sahenk
Parent	Doğuş Group
Website	http://www.garanti.com.tr

Garanti Bank is the third largest private bank in Turkey with USD$24.4 billion asset size as of September 30, 2005. Garanti provides retail, commercial, corporate and private banking services to over five million customers. It operates 428 domestic branches, five foreign branches (in Luxembourg, Malta and Northern Cyprus, five international representative offices (in Moscow,^[1] London, Dusseldorf, and Geneva), 1,220 ATMs, a call center and an Internet bank. The First Provincial Bank of Taiwan in Taipei, Republic of China was formerly the central bank of Taiwan Province and issued the New Taiwan dollar. ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... This article needs cleanup. ... Ferit Sahenk is Chairman of Dogus Holding. ... A holding company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. ... Website - Wikipedia, the free encyclopedia /**/ @import /skins-1. ... September 30 is the 273rd day of the year (274th in leap years) in the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The Turkish Republic of Northern Cyprus(TRNC) {NOTE: the name is not accepted by UN} , in Turkish Kuzey Kıbrıs Türk Cumhuriyeti, is a self-proclaimed state occupying the northern third of the island of Cyprus in the eastern Mediterranean. ... Location Position of Moscow in Europe Government Country District Subdivision Russia Central Federal District Federal City Mayor Yuriy Luzhkov Geographical characteristics Area  - City 1,081 km² Population  - City (2005)    - Density 10,415,400   8537. ... London (pronounced ) is the capital city of England and the United Kingdom. ... Düsseldorf in Germany The Düsseldorf Coat of Arms Düsseldorf is the capital city of the German federal state of North Rhine-Westphalia. ... Geneva (pronunciation //; French: Genève //, German: //, Italian: Ginevra) is the second most populous city in Switzerland (after Zürich), and is the most populous city of Romandy (the French-speaking part of Switzerland). ... An NCR interior, multi-function ATM in the USA Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden An on-premise NCR interior, multi-function through-the-wall ATM at a CIBC branch in Canada...

Background

Garanti was created as a privately owned commercial bank in Ankara in 1946. In 1983 Garanti was acquired by the Doğuş Group - one of Turkey's largest conglomerates with operations in processed food, retailing, contracting, financial services and tourism. In 2001, Garanti grew into one of the largest participants in the Turkish banking sector as a result of Doğuş Group’s decision to merge its banking operations under Garanti. Since the Doğuş Group’s acquisition of Garanti, its assets grew from $386 million reaching over $24 billion by 2005. A commercial bank is a type of financial intermediary and a type of bank. ... Ankara (Greek: Áγκυρα) is the capital of Turkey and the countrys second largest city after Ä°stanbul. ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... 1983 (MCMLXXXIII) was a common year starting on Saturday of the Gregorian calendar. ... Tourists at Oahu island, Hawaii Tourism is the act of travel for predominantly recreational or leisure purposes, and also refers to the provision of services in support of this act. ... 2001: A Space Odyssey. ... For other uses, see Bank (disambiguation). ... In business and accounting an asset is anything owned, whether in possession or by right to take possession, by a person or a group acting together, e. ...

On December 23, 2005, Doğuş Group and General Electric (GE) signed an agreement to form an equal partnership in Garanti shareholding. Under the agreement, GE acquired half of Garanti Bank’s common stock held by Doğuş Group - a 25.5 percent stake.^[2] The Board of Directors currently consists of equal numbers of directors appointed from Doğuş Group and GE, headed by Ferit Şahenk - Chairman of the Doğuş Group. Ergun Özen continues its position as President and CEO of Garanti Bank. December 23 is the 357th day of the year in the Gregorian Calendar (358th in leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... GE redirects here. ... In the common law, a partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which they have all invested. ... Common stock, also referred to as common shares, are, as the name implies, the most usual and commonly held form of stock in a corporation. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... A chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ...

Services

Garanti is one of the country's leaders inforeign trade, financing 15 percent of Turkey's exports and 13 percent of its imports during 2005. The bank is also active in asset management, custodian and Internet banking and manages a growing credit card loyalty reward program. Through Bonus Card and Shop & Miles, Garanti's credit card business currently ranks second in Turkey's credit card market. Garanti's market share in issuing volume was 21.1% as of June 2005, reaching 4.6 million credit cards. Garanti, through Bonus Card, allied with Denizbank in April 2003 to issue its own credit cards under the Bonus brand. Garanti has also achieved success in migrating banking transactions from branches to alternative distribution channels. As of September 2005, nearly 76 percent of all banking transactions were carried out through alternative channels including ATMs, Internet and the call centre. Garanti's Internet Banking has a usage rate of 52 percent in comparable transactions. International trade is defined as trade between two or more partners from different countries (an exporter and an importer). ... Finance addresses the ways in which individuals, business entities and other organizations allocate and use monetary resources over time. ... Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ... Market share, in strategic management and marketing, is the percentage or proportion of the total available market or market segment that is being serviced by a company. ... Volume, also called capacity, is a quantification of how much space an object occupies. ... A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ... Denizbank A.Åž. is a private bank in Turkey controlled 75% by the French - Belgian bank Dexia since May 2006. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... A very large collections call center in Lakeland, FL. A call centre or call center (see spelling differences) is a centralized office used for the purpose of receiving and transmitting a large volume of requests by telephone. ...

See also

• List of Turkish companies
• List of banks in Turkey

Other Turkish Topics Culture - Education Geography - History - Politics Turkey Portal This is a list of companies from Turkey. ... This is a list of banks in Turkey as of December 9, 2005. ...

Notes

Prose contains specific citations in source text which may be viewed in edit mode.

External links

• Garanti Bank[1]
• Garanti Teknoloji[2]