Guaranteed BBVA supports the Turkish economy with an increase in loans of TL 49 billion; defers payments on more than 800,000 loans


Guaranteed BBVA recorded a net profit of 1.68 billion Turkish liras for the first quarter of the year. The bank’s total assets amounted to Turkish Lira 456.17 billion, 65% of which is funded by deposits. Deposits rose 7% percent in the first quarter, reaching 295.92 billion Turkish liras. The bank has also contributed a total of TL 346.58 billion to the economy through cash and non-cash loans. Garanti BBVA’s solvency ratio was 16.6%, with an average return on equity (ROAE) of 12.4% and an average return on assets (ROAA) of 1.5%.

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