Turkiye Garanti Bankasi A.S. (TKGBF/TKGBF.PK) Wrap Up:

Turkiye Garanti Bankasi AS, through its subsidiaries, provides corporate, commercial, small business, retail, and investment banking services primarily in Turkey. The company offers time and demand deposits, accumulating deposit accounts, foreign currency deposits, overdraft accounts, investment accounts, repos, point of sale machines, and cheques. It also provides 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, ECA covered financing, letters of guarantee, and letters of credit. In addition, the company offers export factoring, acceptance credits, draft facilities, forfeiting, lease financing, insurance, forward, futures, salary payments, safety boxes, bill payments, tax collections, payment orders, business cards, and credit and debit cards, as well as cash management, custody, Internet banking, and call-center services. As of December 31, 2008, it had 721 domestic branches, 5 foreign branches, and 4 representative offices abroad. Turkiye Garanti Bankasi serves corporate, commercial, and retail customers; international and national holdings; tourism and textile sectors; and enterprises in retail and service sectors, as well as exporters of agricultural products. The company was founded in 1946 and is headquartered in Istanbul, Turkey.