Garanti Romania, EUR 26.3 M net profit in the first nine months

Garanti Group Romania, one of the most dynamic players on the local banking market, more than doubled its net profit in the first nine months of 2013, compared to the same period last year, thus reaching a net profit of EUR 26.3 M. Also, the Group’s consolidated revenues reached EUR 91.4 M. Its total assets stood at EUR 1.843 bln at the end of September 2013, a press release informs. The Group continued its healthy growth, with all four companies within Garanti registering profit. GarantiBank’s net profit hiked to EUR 21.5 M in the first nine months of 2013, more than three times higher than the same period last year. Meanwhile, Garanti Consumer Finance had a EUR 1.7 M net profit, Garanti Leasing – EUR 2.3 M net profit and Garanti Mortgage – EUR 0.8 M net profit. “This is a particularly important year for us, since Garanti Group Romania celebrates 15 years on the local market, and we are all proud that we have succeeded in registering healthy growth every year, thus proving the sustainability of our business. (…) Garanti Group will continue to grow, as we will pursue our goals”, stated Ufuk Tandogan, CEO Garanti Group Romania.
Currently, GarantiBank has a nationwide presence through 78 agencies and alternative delivery channels. The number of BancoSmart ATMs increased to 262, being the widest national network of intelligent ATMs, while the number of POSs increased to 7,866. The number of cards reached 230,000.

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