Money Buzz! Europa

Tag: Garanti BBVA

  • Garanti BBVA Leasing, EUR 7 million for micro and small enterprises

    Garanti BBVA Leasing, EUR 7 million for micro and small enterprises

    Garanti BBVA Leasing is expanding financing opportunities for micro and small enterprises (MSEs) in Romania, by signing a loan agreement of EUR 7 million with the European Fund for Southeast Europe (EFSE).

    The investment aims to boost the ability of this vital business segment to preserve their operations as well as sustain and generate employment and income in light of the COVID-19 crisis.

    The new funding will be used to expand the institution’s leasing offer for local small businesses, a segment that has been severely negatively impacted by the economic effects of the coronavirus pandemic.

    Leasing provides an important source of long-term financing to smaller businesses which may not have the extensive collateral necessary for bank loans.

  • Garanti BBVA, awarded as the ”Best Consumer Digital Bank in Romania”

    Garanti BBVA, awarded as the ”Best Consumer Digital Bank in Romania”

    Garanti BBVA has been awarded, once again, by the Global Finance magazine as ”Best Consumer Digital Bank in Romania”.

    This is the 13th award received by the bank from this magazine and confirms the success of its digitalization efforts.

    The bank`s performance was evaluated by a world-class panel of judges at Infosys, a global leader in consulting, technology, and outsourcing.

    The judges evaluated the strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth of digital customers, and web/mobile site design and functionality.

    ”With Garanti BBVA Mobile and Garanti BBVA Online, we strive to put the clients in center of our activity and offer them better and personalized products”, said Ufuk Tandoğan – CEO, Garanti BBVA Romania.

    In the first half of 2020, Garanti BBVA recorded over 47% increase in volume and number of transactions by its mobile retail customers over the same period of 2019.

    In developing the digital channels, Garanti BBVA Romania is benefiting from the support and know-how of its shareholders.

    Garanti BBVA Turkey (TGB) has over 8.9 million active digital customers, while Banco Bilbao Vizcaya Argentaria (BBVA) reached 34 million digital clients.

    BBVA was recognized last year by Forrester Research as the global mobile banking leader, within the review of the mobile apps of 54 retail banks across the world.

  • Garanti BBVA, 47.4% increase of the number of mobile transactions

    Garanti BBVA, 47.4% increase of the number of mobile transactions

    Garanti BBVA recorded a 47.7% increase in volume and over 47.4% increase of the number of transactions in the first half of 2020 by its mobile retail customers, during the first half of 2020, over the same period of 2019.

    For the retail customers and all digital channels – mobile and online, the number of transactions grew with over 23.5%, while the volume of transactions increased with 15.2%, compared with the same period from 2019.

    During the above-mentioned interval, Garanti BBVA’s Retail clients used the mobile solution specially to make payments – 78% of the total.

    Garanti BBVA Turkey (TGB) has over 8.9 million active digital customers, while Banco Bilbao Vizcaya Argentaria (BBVA) reached 34 million digital clients.

    BBVA was recognized last year by Forrester Research as the global mobile banking leader, within the review of the mobile apps of 54 retail banks across the world.

  • Garanti BBVA Group, net revenues of RON 263.1 million in Romania

    Garanti BBVA Group, net revenues of RON 263.1 million in Romania

    Garanti BBVA Group Romania, which brings together Garanti BBVA, Garanti BBVA Leasing, and Garanti BBVA Consumer Finance, registered net revenues of RON 263.1 million in the first half of 2020.

    Between January and June 2020, the group’s total loan volume reached RON 8.66 billion, while the overall assets totaled RON 12.03 billion.

    On a stand-alone basis, Garanti BBVA posted a net revenue of RON 209.1 million, a 3.8% increase over the first half of 2019 result.

    The customer base grew by 1.4%, to over 426,000 clients. The net profit in the first 6 months of the current year amounted RON 55.3 million.

    As an evidence of the trust of its clients, the volume of deposits grew by 15.6% and by 14.3%, for retail customers and SMEs customers respectively, year on year.

    In the first half of 2020, the POS network expanded by 17%, to 14,085 units, as part of bank`s efforts to facilitate safe and secure transactions for our customers. Total number of cards reached 306.698.

    The group’s two non-banking financial institutions, operating in the field of leasing and consumer finance, also registered good results in the first semester, with a cumulated net revenue of RON 54 million and a cumulated net profit of RON 13.1 million, at the end of June.

    Garanti BBVA Group Romania is held by Garanti BBVA Turkey (TGB), whose majority shareholder is the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA).

    In the first half of 2020, Garanti BBVA Turkey posted a consolidated net income of TL 3.33 billion (EUR 434.33 million) and an asset size of TL 486.66 billion (EUR 63.45 billion), while its contribution to the economy through cash and non-cash lending totaled TL 367.14 billion (EUR 47.87 billion).

  • Garanti BBVA Mobile, 61% increase of the number of transactions

    Garanti BBVA Mobile, 61% increase of the number of transactions

    Garanti BBVA recorded a 61% increase in the number of transactions performed by its retail customers during March 16 and April 16, over the same period of last year.

    For the retail customers and all digital channels, mobile and online, the number of transactions grew with over 36% and the volume of transactions increased with 25%, compared with the same period from 2019.

    During the above-mentioned interval, the retail clients of Garanti BBVA used the mobile solution specially to make payments – 62% of the total, a 5% increase compared to the same period of the last year.

    Garanti BBVA Turkey (TGB) has over 8.7 million active digital customers, while Banco Bilbao Vizcaya Argentaria (BBVA) reached 33.3 million digital clients.

    BBVA was recognized last year by Forrester Research as the global mobile banking leader, within the review of the mobile apps of 54 retail banks across the world.