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        Established in 1946, Garanti BBVA is Turkey’s second largest private bank with consolidated assets close to TL 2 trillion 202 billion (USD 76 billion) as of December 31, 2023.

        Garanti BBVA is an integrated financial services group operating in every segment of the banking sector including corporate, commercial, SME, payment systems, retail, private and investment banking together with its subsidiaries in pension and life insurance, leasing, factoring, brokerage and asset management, besides international subsidiaries in the Netherlands and Romania.

        Its custom-tailored solutions and wide product variety play a key role in reaching TL 1 trillion 614 billion performing cash loans and non-cash loans. Garanti BBVA’s capital generative, disciplined and sustainable growth strategy that strictly adheres to solid asset quality enables the Bank to move forward strongly. The Bank has a leading position in key banking service areas:

        • Largest private bank in TL lending with 20.3% market share among peers.*
        • Highest TL customer deposit base among private peers with 21.0% market share*
        • Leadership in consumer loans with almost 25 million retail customers*
        • Leader in TL business banking with 19.6% market share*

        Garanti BBVA’s purpose is to bring the age of opportunity to everyone, and with this purpose the Bank works to create value for all of its stakeholders. In the light of strategic priorities; the Bank focuses on improving the customers’ financial health by providing advice and actionable insights to them. The Bank puts emphasis on influencing decision-makers and other players in the sector regarding sustainability and making sustainability as mainstream. Garanti BBVA creates shared value and drives positive change through lending based on impact investment, as well as strategic partnerships and community programs focusing on material issues for both Garanti and its stakeholders.

        Garanti BBVA constantly improves its business model and processes with operational excellence priority and keeps a close eye on financial and non-financial risks. In order to accelerate and drive its value creation; bank continues to focus on reaching more customers by being wherever customers are. As of December 31, 2023, Garanti BBVA provides a wide range of financial services to its over 25 million customers with 18,965 employees through an extensive distribution network of 796 domestic branches, 8 foreign branches, 7 in Cyprus and one in Malta, and 1 international representative office. Garanti BBVA offers an omnichannel convenience with seamless experience across all channels with Note: Market shares and rankings based on bank-only BRSA Weekly Data, among private banks Note: Branch, ATM and Customer data do not include companies subject to consolidation. 5,511 ATMs, an award winning Call Center, internet, mobile and social banking platforms, all built on cuttingedge technological infrastructure.

        Data, technology and “best and engaged team” are the key accelerators of strategy. With 15,0 million digital and 14,8 million mobile customers, Garanti BBVA has the highest digital and mobile customer base. Share of digital sales in total sales has reached 90%. The Bank is continuously investing in robust and reliable technology, leveraging advanced data analytics and artificial intelligence. Recognizing that human capital is the driving force behind all progress, the Bank builds systems to recruit, train and develop young and innovative individuals on a continuous basis, to provide a working environment that encourages full utilization of employees’ skills, offers a wide range of opportunities and ensures recognition and awarding of their accomplishments. Implementing an advanced corporate governance model that promotes the Bank’s core values, Garanti has Banco Bilbao Vizcaya Argentaria S.A. (BBVA) as its majority shareholder with 85.97% share.

        Please find the disclosure dated 18 May 2022

        *Rankings are among private banks as of 30 September 2023.

        Note: Market shares and rankings based on bank-only BRSA Weekly Data, among private banks

        Note: Branch, ATM and Customer data do not include companies subject to consolidation.

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