| Website | https://www.garantibbva.com.tr/en |
| Headquarters |
Maslak Mahallesi Eski Büyükdere Caddesi No:23
34450 Istanbul
Turkey
|
| CEO/chair |
Recep Bastug CEO |
| Supervisor | |
| Ownership |
listed on ISE & London Stock Exchange
Spanish bank BBVA (see here for BBVA profile) is majority-owner of Garanti BBVA (85.97%). Garanti BBVA's complete shareholder structure can be accessed here. |
Garanti BBVA (formerly Garanti Bank) is Turkey's second largest private sector bank by assets. Garanti provides retail, commercial, corporate and private banking services to 15 million customers. It operates mainly in Turkey, has seven foreign branches in Cyprus and Malta and three representative offices in London, Düsseldorf, and Shanghai. In March 2017 Spanish bank BBVA (see here for profile) acquired 49.85% ownership of Garanti Bank, eventually becoming Garanti BBVA's majority-shareholder (85.97%).
Garanti BBVA's most important sustainability commitments can be found at the website sections listed below.
Garanti BBVA is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Garanti BBVA's link to these deals.
Garanti BBVA is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
Garanti BBVA does not operate a complaints channel for individuals or communities who might have been affected by the bank's finance.
This page evaluates Garanti BBVA's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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