Garanti Assets And Liabilities Committee

The main goal of Garanti Assets and Liabilities Committee (ALCO) is to assist the CEO with decision-making processes concerning assets and liabilities management (including liquidity and funding, interest rates and exchange rates) and capital management. The Committee is structured around the following objectives: 

  • Coordinate and review the implementation of policies for managing the sources and utilization of funds that should provide an appropriate level of profitability consistent with planned growth within acceptable levels of risk, 
  • Monitor and analyze the profitability and net interest income, 
  • Allow senior management to thoroughly understand, efficiently develop and refine the ALM and capital policies by assisting them in overseeing and supervising the management activities of the Finance Department,
  • Follow-up limits to control the balance sheet and capital risks, as well as the risk profiles defined by Garanti’s Board of Directors, 
  • Assess the status of financial markets and macro variables, 
  • Monitor that individual business lines are aligned in terms of overall objectives and proactively controlled with regard to the prudentialrisks under the control of ALM and capital functions,
  • Review and assess the impact of changes in market and other variables on the ALM risk and capital profile,
  • Evaluate the strategies presented by the Finance Department and revise the execution of previously approved actions,
  • Monitor regulatory capital adjusted profitability measures, 
  • Challenge and regularly monitor medium-term capital and liquidity plans for base scenarios and adverse or severely adverse scenarios,
  • Analyze extraordinary liquidity and funding situations that require the Committee to be summoned (if deemed appropriate, the Assets and Liabilities Committee will activate the Liquidity Contingency Plan. The Liquidity Contingency Plan activation will be informed to the Corporate Assets and Liabilities Committee),
  • Approve the Procedure for Hedge Accounting Transactions Process,
  • Approve Funds Transfer Pricing Methodology,
  • Approve  assumptions  or  methodology  associated  with Structural Risk Measurement Techniques, 
  • Approve internal framework documents for ALM and Capital Management, 
  • Monitor the policies, procedures, regulations and similar documents under its responsibility with respect to necessary updates, and take action to keep them up-to-date. 

In 2018, the Committee held 11 meetings with the required quorum.

Committee Members 

Ali Fuat Erbil (CEO, Board Member), Alvaro Ortiz Vidal-Abarca (Emerging Markets - Chief Economist), Aydın Güler (EVP), Mahmut Akten (EVP), Selahattin Güldü (EVP), Cemal Onaran (EVP), B. Ebru Edin (EVP), Ali Temel (Chief Credit Risk Officer), Özlem Ernart (Head of Risk Management), Metin Kılıç (Director), Sıdıka Dizdar (Director)