Page 8 - EG News February 2014_web - updated
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Eurogiro News
Editor-in-Chief: Michel Stuijt
Production & subscription manager:
Hanne S. Basset
Final editing: February 2014
ISSN: 1727-7450
13 – 15 May 2014
Eurogiro Community Meeting in
Istanbul, Turkey
21 May 2014
EACHA Payment Forum in Vienna,
Austria
Eurogiro is a global payments community. We
connect posts, banks and other payment handlers
and facilitate a member-driven cooperation to
create business opportunities for our members.
Our network carries payment transfers of all kinds.
Eurogiro accepts no legal responsibility for
consequences that may arise from use of this
publication. No part of this publication may be
reproduced without the written consent of Eurogiro.
Eurogiro News is a magazine for the promotion
of information, ideas and knowledge within the
Eurogiro community and is published by:
Eurogiro A/S
Telegade 1, 1.
DK – 2630 Taastrup
Denmark
17 – 19 June 2014
Eurogiro Technical User Group
Meeting in Belgrade, Serbia
Activity Calendar 2014
Garanti Bank becomes a member of Eurogiro
The market leader of Turkish money transfers has joined Eurogiro
Turkey is one of the most promising econo-
mies amongst the developing countries. In
order to meet the needs of this fast growing
market, Garanti will be broadening its finan-
cial services by signing the membership
agreement of Eurogiro.
Established in 1946, Garanti Bank is
Turkey’s second largest private bank with
consolidated assets of US$ 106 billion as of
30 September, 2013.
Garanti is an integrated financial services
group operating in every segment of the
banking sector including corporate, com-
mercial, SME, payment systems, retail,
private and investment banking, together
with its subsidiaries in pension and life
insurance, leasing, factoring, brokerage
and asset management, as well as having
international subsidiaries in the Nether-
lands, Russia and Romania.
Garanti commands a pioneering position in
all lines of business through the profitable
and sustainable growth strategy it has
pursued since the day of its establish-
ment. Its competent and dynamic human
resource, unique technological infrastruc-
ture, customer-centric service approach,
and its innovative products and services
offered with strict adherence to quality, all
combine to give Garanti its leading posi-
tion within the Turkish banking sector.
In accordance with the best practices in
corporate governance, Garanti is jointly
controlled by two powerful entities, Doğuş
Holding Co. and Banco Bilbao Vizcaya
Argentaria S.A. (BBVA), under the prin-
ciple of equal partnership. Having shares
publicly traded in Turkey, and depositary
receipts in the UK and the USA, Garanti
has an actual free float of 49.92% in Borsa
Istanbul.
Garanti provides a wide range of financial
services to more than 12.2 million custom-
ers, with 19 thousand employees and an
extensive distribution network of 1000
domestic branches; 6 foreign branches
in Cyprus, one in Luxembourg and one in
Malta; 3 international representative offices
in London, Düsseldorf and Shanghai with
more than 3,750 ATMs, an award-winning
Call Centre, internet, mobile and social
banking platforms, all built on a cutting-
edge technological infrastructure.
With its dynamic business model and supe-
rior technology integrated into its innovative
products and services, Garanti continues to
differentiate itself and facilitate the lives of
its customers. Its custom-tailored solutions
and its wide product offering play a key role
in placing it high on the leader-board in the
money transfer market, with 17% market
share in local clearing and 21% market
share in cross-border money transfers. To
maintain its position, Garanti is willing to
invest in innovative solutions and widen
its services with new remittance services
such as Eurogiro. On entering the Euro-
giro network, Garanti will be focusing on
the remittance corridors between Turkey
and Germany, Belgium, France, Spain and
neighbouring countries, and will be chasing
bilateral agreements with members within
these countries.
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