On the liabilities aspect, some modifications were being designed in the funding structure. The Foreign Forex Guarded Deposits plan (KKM) currently accounts for extra than 50 % of the time deposits in the sector. Garanti BBVA observed a related pattern as nicely. This product or service has lowered the maturity mismatch of the property and liabilities, just one of the banking sector’s regular challenges, by extending the deposits’ maturity and thus supporting banks’ equilibrium sheets. Garanti BBVA is a person of the banking institutions top the KKM scheme conversion in the sector – a outcome of its very long-phrase associations with prospects.
Recep Baştuğ also underscored quite a few other strategic developments at Garanti BBVA. The financial institution experienced terrific final results in some non-economic efficiency indicators, placing a new record with 82 factors in the Emerging Markets classification of the Dow Jones Sustainability Index. “In line with our efforts to combat weather adjust, this yr we were being also integrated in CDP Climate Modify Program’s World A Record,” he added.
As portion of its efforts to guidance clients’ eco-friendly transformation, Garanti BBVA started off the “Sustainable Long term in Export” awareness and consultancy plan so that exporters, business and SME clients can adapt to the Green Deal.
Released in Turkey in 2022, open banking is a different critical item on the agenda. It makes it possible for prospects to see their accounts at other banking companies on Garanti BBVA channels, and transfer funds from these accounts. Garanti BBVA has been a chief in early adaptation to polices, and “the financial institution carries on to supply brand new providers to its shoppers just about every working day, with its special shopper experience and platform safety,” Bastug claimed.
The Garanti BBVA CEO discussed that in the future period, the continuity and sizing of the macro prudential actions will keep on being “decisive in our stability sheet management even though we concentration on guarding and sustaining our strong funds framework in an surroundings of significant inflation.” As always, the bank’s tactic is to continue on its consumer-driven advancement in property and liabilities. In this context, customer pleasure will be the principal precedence, the CEO pressured.
Last but not least, Recep Baştuğ concluded by detailing that thanks to Garanti BBVA’s dynamic stability sheet administration and qualified human sources, in 2023, the financial institution will keep on to stand by its shoppers in all instances, contributing to society and the economic climate, and generating worth for all stakeholders. “I would like to thank all of our stakeholders – in particular my colleagues for their efforts and contributions to these functioning effects, and our shareholders and buyers for their believe in and help,” he stated.