On its report dated September 29, 2021, JCR Eurasia Rating has affirmed the T. Garanti Bankası A.Ş.'s Long Term International Foreign and Local Currency ratings, within the investment grade category, as 'BBB-' and 'BBB', respectively while revising the Outlook to "Stable" from "Negative". The Bank's Long Term National Scale rating has been affirmed as 'AAA (Trk)' with 'Stable' outlook which denotes the investment grade with the highest credit rating note assigned by the agency.
Attachments
Original document
Permalink
Disclaimer
Turkiye Garanti Bankasi AS published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 16:11:05 UTC.
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.