GARAN 2Q18 - BROADLY IN LINE
GARAN 2Q18 - IN LINE: TL1.9bn uncons. NI is 4% higher than cons. ROAE realised at 17.6%. 1) Positives in 2Q18: Subs income, int. income, fee income. 2) Negatives: opex, NPL inflows (286bps net NPL formation - highest since 3Q09. Specific covg ratio down to 64%. Mgt tried to provide comfort saying that exposure to energy and real estate is most prudent among peers.)Turkiye Garanti Bankasi is a private banking group based in Turkey. Co. operates as an integrated financial services group in every segment of the sector including corporate, commercial, SME, payment systems, retail, private and investment banking together with subsidiaries in pension and life insurance, leasing, factoring, brokerage, and asset management. Co. provides a range of financial services to 13 million customers through a distribution network of 994 domestic branches; 6 foreign branches in Cyprus, Luxembourg and Malta; 3 international representative offices in London, Dusseldorf and Shanghai with more than 4,152 ATMs, a Call Center and internet.
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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