Turkiye Garanti Bank announced that approved the resignations of Onur Genç, currently the Deputy CEO and Executive Vice President in charge of Retail Banking and Nafiz Karadere currently the Executive Vice President in charge of SME Banking effective as of December 31, 2016. Appointed Cemal Onaran, currently the CEO of Garanti Pension, as the Executive Vice President in charge of SME Banking as of January 1st, 2017, subject to completion of necessary filings with the Banking Regulation and Supervision Agency and obtaining the required consents from the same. Appointed Mahmut Akten, currently the Coordinator responsible for Mass Retail Banking Marketing Department as the Executive Vice President in charge of Retail Banking as of January 1st, 2017, subject to completion of necessary filings with the Banking Regulation and Supervision Agency and obtaining the required consents from the same.
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.