Garanti Bank Elevates Capital of Dutch Subsidiary

Turkiye Garanti Bankasi A.S. announced a significant capital increase for its subsidiary, Garanti Bank International N.V., based in the Netherlands. The bank's Board of Directors approved an injection of EUR 250 million into the subsidiary to fortify its financial standing. This move underscores Garanti Bank's strategic commitment to its European operations.

The capital infusion has already been completed, with the head office mandated to manage the necessary formalities. The decision complies with regulatory requirements and reflects Garanti Bank's intent to bolster its international presence amidst a dynamic financial landscape. The announcement was officially disseminated by EQS Group, with Garanti BBVA assuming full responsibility for the content.