Garanti Bank SA
Garanti Bank SA continues to differentiate itself in the Romanian banking sector with its business model, solid technology, and innovative products.
Having obtained the necessary incorporation authorization from the Central Bank of Romania in March 2009 and the operating license in August 2009, Garanti Bank SA started its operations in May 2010 upon transferring GarantiBank International NV's Romania branch.
With the acquisition of the shares in D Netherlands Holding BV (based in the Netherlands) held by Doğuş Holding A.Ş., Garanti became an indirect shareholder in Garanti Bank SA and three non-bank financial institutions: Domenia, Ralfi and Motoractive. Accordingly with the mass market businesses such as mortgage, consumer finance and leasing, the operations in Romania were broadened further towards the objective of becoming a regional player. Following other transactions in December, T. Garanti Bankası A.Ş. became the sole shareholder in Romania operations by acquiring the remaining shares from GE, the other indirect shareholder.
With more than 80% geographic coverage, Garanti Bank SA introduced a number of innovations to the Romanian banking sector. Bonus Card, a successful card loyalty program in Turkey with its innovative features and technology, and online banking services were well-received in the country. With Bonus Card, Romania's first international chip-based credit card with a reward program, Garanti Bank SA was rewarded with the "Premiere of the Year" award by No Cash magazine and "Best Banking Product" award of Piata Financiara in 2008.
The Internet banking service received the "Best Consumer Internet Banking" award from Global Finance and the "Most Sophisticated Internet Banking Service" award from e-Finance in 2009. Presented with the "The Most Innovative Financial Solutions for SMEs" award by Piata Financiara magazine in 2009, Garanti Bank SA sustained its success, and received the "Best Selling Credit Card" award of No Cash magazine and the "Most Active Bank in the Romanian Card Market" award of Cards Forum in 2010.
Garanti Bank SA will maintain its focus on growth and market share in 2011, and continue its operations with the aim to establish a structure that is based on a solid foundation, a pioneer in the sector in terms of technology and that supports its rapid and healthy growth through the ongoing projects.
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Address
5 Fabrica de Glucoza Street Business Center, 3 Novo Park F Building, 5th and 6th Floors, District 2, Bucharest |
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Web Site www.garantibank.ro |