New Business and Product Committee

The purpose of the Committee is to review all new business, products and services as well as evaluate the ability of the various Garanti business units and subsidiaries (or third parties) in offering, servicing or administering the various aspects of a new business, product or service.

The Committee's responsibilities are;

  • To ensure that all new business and new products fit into Bank's strategy and target risk profile, and approves/rejects new business and new product proposals and submits them to the Board of Directors approval when necessary,
  • To conduct an ongoing review of each new product at least 12-month period following implementation to ensure that it has been carried out properly (in this context, the Committee shall revoke approval of a previously approved Product, or an existing product or service, or block the implementation of a Product or continued use of a Product),
  • To summarize and inform on its actions and deliberations, as appropriate, to members of senior management, managers within affected business lines, Board Risk Committee and to the respective bodies of each affected Garanti entity,
  • To monitor the policies, procedures, regulations and similar documents under its responsibility with respect to necessary updates, and taking action to keep them up-to-date.

The Committee meets at least in every 2 months.

In 2018, the Committee held 2 meetings.

Committee Members

Dr. M. Cüneyt Sezgin, Aydın Güler, İlker Kuruöz, Aydın Düren, Ali Temel, Özlem Ernart, Barış Gülcan, Emre Özbek, Beyza Yapıcı, Osman B. Turgut