Garanti BBVA Romania recorded a net profit of 177 million lei in 2023 and a 5% increase in the number of clients. The bank’s total assets amounted to over 15.2 billion lei.

Garanti BBVA Romania recorded a net profit of 177 million lei in 2023 and operating revenues of 521 million lei. „With these results, the bank successfully achieved its targets set for the previous year.” – according to the press release. In 2023, the bank’s total assets amounted to over 15.2 billion lei.

Also, Garanti BBVA recorded a total loan volume of 9.2 billion lei in 2023, an increase of 7%, and deposits of approximately 12 billion lei, 15% higher than in 2022. The increases were driven by growth in all business segments – Corporate, Retail, and SMEs.

Loans granted by Garanti BBVA to retail customers increased by 19%, reaching over four billion lei, while loans to SMEs increased by 10%, reaching 2.4 billion lei. Similarly, deposits from individuals increased by 21%, to 4.4 billion lei, and SME deposits increased by 22%, to 3.7 billion lei.

Additionally, Garanti BBVA strengthened its reach and accessibility, registering a 5% increase in the number of clients. The issuance of debit and credit cards also saw a 6% increase by the end of 2023.

„In 2023, Garanti BBVA continued to make significant strategic progress compared to the previous year, which was its most profitable year in Romania’s history. In short, last year, we supported our customers with a growing loan portfolio and we saw an increase in customer deposits across all segments: companies, SMEs, and retail. This indicates increased confidence in our services and underscores the bank’s role in promoting financial stability and prosperity. Moving forward, we will continue to place the customer at the center of our actions and commit to making a series of investments to improve their interactions with the bank’s products and services„, said Mustafa Tiftikcioğlu – CEO of Garanti BBVA Romania.