Garanti Bank initially offered its shares to public in 1990 on Borsa Istanbul and has become the first Turkish company to offer its shares on international markets in 1993.
Garanti’s Depository Receipts are listed on the London Stock Exchange Main Market and OTC (Over-The-Counter) Markets in the USA. In 2012, Garanti participated in the prestigious tier of the U.S. Over-The-Counter (OTC) market, OTCQX International Premier, where companies traded must meet high financial standards and an effective disclosure process. Trading on this market with 356 leading companies of the world, Garanti has established itself among the top Depository Receipts traded on the OTCQX marketplace and ranked 30nd per Market Capitalization, 61st per Dollar Volume and 42th per Volume in 2018.
Garanti Bank has a market capitalization of TL 33 billion (USD 6.3 billion) as of the end of 2018 and is the most valuable bank in Turkey. With a free float ratio of 50.07% and TL 16.5 billion floating market capitalization, Garanti also has the highest free float in BIST 100 among banks. Garanti Bank share (GARAN) is the most traded Banking stock in Borsa Istanbul with an average daily turnover of TL 804 million (USD 165 million) and has 11% market share in BIST 100 turnover. GARAN was the most traded banking stock by foreign investors Furthermore, GARAN has the highest weight in BIST 100 and in BIST 30 among banks as of 2018.
88% of Garanti’s shares in the free float is owned by foreign investors that are spread to around 37 countries. Garanti has more than 38 thousand Retail shareholders that are registered in Turkey.
Garanti works towards continuously and noticeably increasing the value created for its stakeholders
Communicating the value created in a pro-active, transparent and consistent way, during 2017, Garanti Investor Relations took part in 33 national and international investor conferences held in 15 cities in Asia, USA, UK and Europe with the participation of senior management, in addition to the one-on-one meetings with 717 international investment funds. Garanti continued to organize live webcasts/teleconferences bringing its senior management together with the investment community in 2017, and made presentations on its financial results four times a year, as well as a video cast on its operating plan for the following year that described its forward looking projections.
The full audio recordings of all of these events were posted on Garanti Investor Relations website, Investor Relations applications on iPad and Android tablet. Contents prepared both in Turkish and English for the convenience of the investment community enable investors from all around the world to have easy access to all the information they need. Commitment to its irreplaceable values of the principles of trust, integrity, accountability and transparency is Garanti’s main responsibility to all its stakeholders; and serves as the guarantee of the Bank’s strong reputation. Garanti’s efforts to create value for all its stakeholders, the economy and the society has been recognized by national and international authorities. Since 2014, Garanti has been qualified for BIST Sustainability Index and BIST Corporate Governance Index and continues to be the only bank from Turkey listed in the Dow Jones SustainabilityTM Emerging Markets Index, after being qualified in 2015. This year marks the third consecutive year of index inclusion with valuation on topics such as ethics, governance, financing activities, environmental and social performance throughout the value chain, risk management, climate change mitigation, transparency, supply chain, human and employee rights.
In addition to these, Garanti continued to qualify and remain a constituent of the FTSE4Good Emerging Markets Index which is the independent organization, jointly owned by the London Stock Exchange and the Financial Times and designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Moreover, through its numerous practices and initiatives for ensuring gender equality within its human resources as well as its activities directed to customers and the community, Garanti is the only company from Turkey to be included in the Bloomberg Gender Equality Index.