RISKS AND OPPORTUNITIES

2018 was another year of great challenges and opportunities. The major risks businesses are and will be facing today and tomorrow are not the same as yesterday. Within this chapter we will share 11 types of risks and opportunities that we believe are relevant for the banking sector, shaped by this year’s mega trends and how they impact Garanti and our stakeholders.

Below mentioned risks and opportunities are addressed through a variety of hard and soft controls such as Garanti’s risk management approach and through initiatives carried out under the framework of material issues as explained in performance chapters and in the “Corporate Governance & Risk Management” section.

 

Challenges and opportunities with regards to the Turkish Economy and Turkish Banking Sector are further addressed in “The Environment We Operate In” section.

 

2018 MEGA TRENDS AND RISK DRIVERS

BUSINESS

  • Customer Empowerment
  • The Future of Work
  • Competition for Talent
  • Transparency
  • Efficiency
  • Transition risks (regulatory landscape)
  • Demand for customization
  • Empowered women
  • Next-Gen workforce
  • Social media
  • Connectivity

ECONOMY

  • Sustainable finance
  • Capital Allocation
  • Financial Health & Inclusion
  • Sharing economy
  • Globalization

ENVIRONMENT

  • Climate Change
  • Extreme weather events & natural disasters
  • Resource Scarcity
  • Environmental Awareness

SOCIETY

  • 21st century skills gap
  • Sustainable development
  • Growing inequalities
  • Forced migration
  • Food security
  • Entrepreneurship

TECHNOLOGY

  • Automation
  • Big Data, IoT & AI
  • Cloud
  • Cybersecurity
  • Blockchain & cryptocurrencies
  • Data privacy & responsible use of data
  • Digitization
 

CONTRIBUTION TO
SUSTAINABLE DEVELOPMENT

CLIMATE CHANGE ADAPTATION

 

SWITCHING FROM FOSSIL
FUELS TO RENEWABLES

TRANSITION RISKS

 

GROWING INEQUALITY

SUPPORTING ENTREPRENEURSHIP

 

DIGITAL TRANSFORMATION

FINANCIAL HEALTH & INCLUSION

 

THE FUTURE OF WORK

21ST
CENTURY SKILLS GAP

 

BUSINESS ENVIRONMENT

 
 
 

CONTENTS