Turkiye Garanti Bankasi Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mahmut Akten

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	6.3yrs
Board average tenure	7.3yrs

Recent management updates

Recent updates

CEO

Mahmut Akten

less than a year

Tenure

Mr. Mahmut Akten served as Executive Vice President of Corporate, Investment Banking & Global Markets at Turkiye Garanti Bankasi A.S. since January 17, 2017 and serves as its Chief Executive Officer since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mahmut Akten	CEO & Director	less than a year	no data	no data
Aydin Guler	Executive Vice President of Finance & Treasury	8.8yrs	no data	no data
Hakan Özdemir	Financial Reporting & Accounting Director	no data	no data	no data
Handan Saygin	Director of Investor Relations	no data	no data	no data
Osman Turgut	Head of Internal Audit & Chief Audit Executive	10.5yrs	no data	no data
Cemal Onaran	Executive Vice President of Commercial Banking	7.7yrs	no data	no data
Vahan Uckardes	Senior Vice President of Financial Planning & Analysis	no data	no data	no data
Ozlem Ernart	Head of Risk Management	6.2yrs	no data	no data
Murat Atay	Head of Credit Risk Management	3.7yrs	no data	no data
Teoman Alponat	Senior Vice President of Retail Collections	no data	no data	no data
Ceren Kezik	Executive Vice President of Retail Banking	2.3yrs	no data	no data
Ilker Kuruoz	Executive Vice President of Engineering Services & Data	6.5yrs	no data	no data

6.3yrs

Average Tenure

Experienced Management: GARAN's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mahmut Akten	CEO & Director	less than a year	no data	no data
Sait Ozen	Director	21.3yrs	no data	no data
Belkis Yurdum	Independent Director	11.4yrs	no data	no data
Suleyman Sözen	Chairman of the Board	27.3yrs	no data	no data
Ebru Knottnerus	Independent Director	less than a year	no data	no data
Avni Duren	Director	4.3yrs	no data	no data
Jaime de Tejada Pulido	Director	9.9yrs	no data	no data
Rafael Martinez de Lecea	Director	7.3yrs	no data	no data
Jorge Azcunaga Carranza	Independent Vice Chairman of the Board	8.5yrs	no data	no data
Mevhibe Ozsoy	Independent Director	5.4yrs	no data	no data
Pablo Alfonso Muñoz	Director	3.5yrs	no data	no data

7.3yrs

Average Tenure

56yo

Average Age

Experienced Board: GARAN's board of directors are considered experienced (7.3 years average tenure).

Turkiye Garanti Bankasi Management

Management criteria checks 2/4

Key information

Recent management updates

Turkiye Garanti Bankasi A.S., Annual General Meeting, Mar 27, 2024

Less than half of directors are independent

Less than half of directors are independent

Turkiye Garanti Bankasi A.S., Annual General Meeting, Mar 31, 2021

Recent updates

Price target increased by 7.0% to ₺128

Price target increased by 7.2% to ₺91.87

First quarter 2024 earnings released: EPS: ₺0.053 (vs ₺3.66 in 1Q 2023)

Price target increased by 7.5% to ₺77.19

Upcoming dividend of ₺3.12 per share

Turkiye Garanti Bankasi A.S., Annual General Meeting, Mar 27, 2024

Price target increased by 7.1% to ₺69.03

Full year 2023 earnings released: EPS: ₺20.57 (vs ₺13.88 in FY 2022)

Price target increased by 7.9% to ₺63.92

Price target increased by 7.8% to ₺62.28

Investor sentiment improves as stock rises 18%

Consensus revenue estimates increase by 10%

Consensus EPS estimates increase by 55%

Third quarter 2023 earnings released: EPS: ₺5.63 (vs ₺4.16 in 3Q 2022)

Price target increased by 7.4% to ₺54.30

Turkiye Garanti Bankasi A.S. to Report Q1, 2024 Results on Apr 29, 2024

Consensus EPS estimates increase by 41%

Investor sentiment improves as stock rises 16%

Price target increased by 10% to ₺38.07

Second quarter 2023 earnings released

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 17%

First quarter 2023 earnings released

Investor sentiment improves as stock rises 20%

Full year 2022 earnings released

Price target increased to ₺28.24

Consensus forecasts updated

Price target increased to ₺25.61

Less than half of directors are independent

Third quarter 2022 earnings released

Consensus forecasts updated

Price target increased to ₺22.59

Investor sentiment improved over the past week

Turkiye Garanti Bankasi A.S. to Report Q1, 2023 Results on Apr 27, 2023

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Consensus EPS estimates fall by 11%

Investor sentiment improved over the past week

Consensus revenue estimates increase by 21%

Second quarter 2022 earnings released

Banco Bilbao Vizcaya Argentaria, S.A. (BME:BBVA) completed the acquisition of additional 36.12% stake in Turkiye Garanti Bankasi A.S. (IBSE:GARAN) for TRY 22.8 billion.

Upcoming dividend of ₺0.31 per share

Consensus revenue estimates increase by 16%

Less than half of directors are independent

BBVA Board Decides To Increase Takeover Bid Price For Garanti To TRY 15.00 /Shr

Consensus revenue estimates increase by 22%

Full year 2021 earnings: Revenues exceed analyst expectations

Price target increased to ₺14.58

Investor sentiment improved over the past week

Third quarter 2021 earnings released

Second quarter 2021 earnings released: EPS ₺0.007 (vs ₺0.39 in 2Q 2020)

First quarter 2021 earnings released

Inaugural dividend of ₺0.15 per share

Investor sentiment deteriorated over the past week

New 90-day low: ₺8.72

Turkiye Garanti Bankasi A.S., Annual General Meeting, Mar 31, 2021

Full year 2020 earnings released

New 90-day high: ₺10.37

New 90-day high: ₺9.53

Turkiye Garanti Bankasi A.S. to Report Q3, 2021 Results on Oct 27, 2021

Market bids up stock over the past week

New 90-day high: ₺7.76

Third quarter earnings released

Turkiye Garanti Bankasi A.S. to Report Q3, 2020 Results on Oct 27, 2020

New 90-day low - ₺7.40

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure