The Garanti highlights are as follows:
- The first Eurolira issue in early March of long-term Turkish lira-denominated bonds. The issue placed a total of 750 million Turkish lira in 5-year bonds, basically in the United Kingdom and the United States.
- Following the coming into effect in January of the new private pension system with direct government incentives, Garanti Pension has become the market leader in terms of number of participants, with a 20% market share at the end of March. The subsidiary of the Garanti Group has made a notable effort to attract customers at a time when the sector is experiencing a boom period.
- In corporate responsibility, Garanti has continued and extended its projects focused on education and on support for female entrepreneurship. The first class graduated at the Women Entrepreneur Executive School, where 264 women have received classes in innovation and sustainable company management. In addition, the “No Limit in Teaching” project at the Teacher’s Academy Foundation of Garanti had already reached 79 of the 81 Turkish provinces at the close of the first quarter of 2013.
The following are the highlights in BBVA Portugal:
- The bank has received the “Market Member Most Active Trading House in Derivatives Market” award from NYSE Euronext.
- BBVA has been awarded the best bank in Portugal in 2012 for customer service, according to a mystery shopping survey by the consultancy firm Multimétrica.