Local Benefits Committee

The Local Benefits Committee aims to ensure that decisions regarding fringe benefits are made centrally, with the participation of HR, Finance/Accounting and Risk representatives. The Committee is responsible for: 

  • Ensuring that decisions regarding fringe benefits are made centrally, with the concurrence of all representatives and are in line with the Bank’s business goals,
  • Reporting the local committee’s decisions to the global committee, and getting approval for them,
  • Benchmarking against the market before a new fringe benefit proposal is approved and reviewing the same from the perspective of Finance/Accounting, Risk and Compliance,
  • Controlling the production of consolidated accounting reports of fringe benefits,
  • Aligning the investment policy of Garanti Bank Retirement Fund with BBVA’s standards,
  • Monitoring the policies, procedures, regulations and similar documents under its responsibility with respect to necessary updates, and taking action to keep them up-to-date. 

In 2018, the Committee held one meeting.

Committee Members 

Osman Tüzün (EVP), Aydın Güler (EVP), Ali Temel (Chief Credit Risk Officer), Özlem Ernart (Head of Risk Management), Sibel Kaya (Director)