Tag Archives: Mahmut Akten

Garanti BBVA surpasses TL 1 trillion in sustainable finance and reinforces long-term climate and nature-focused strategy

(IN BRIEF) Garanti BBVA has surpassed TL 1 trillion in sustainable finance as of January 2026, in line with its updated TL 3.5 trillion target for 2018–2029, reflecting its long-term commitment to financing projects with positive environmental and social impact. … Read the full press release

Garanti BBVA Earns Triple Recognition at the 2026 Global Finance Sustainable Finance Awards for Its Impact-Driven Strategy

(IN BRIEF) Garanti BBVA has been recognized at the 2026 Global Finance Sustainable Finance Awards, winning three distinctions that underline its leadership in sustainable banking and its measurable impact across Türkiye and Central and Eastern Europe. The bank received the … Read the full press release

Garanti BBVA and Turkish Basketball Federation Renew Strategic Partnership to Support National Teams and Youth Development

(IN BRIEF) Garanti BBVA has extended its partnership with the Turkish Basketball Federation for another five years, continuing the longest-running sponsorship in Turkish basketball history. Since 2001, the collaboration has supported all national teams, youth programmes, and basketball schools, helping … Read the full press release

Garanti BBVA Strengthens Capital Base with $700 Million Tier 2 Bond Issue Amid Strong Investor Demand

(IN BRIEF) Garanti BBVA, the Turkish subsidiary of BBVA, has completed a $700 million Basel III-compliant Tier 2 bond issuance, raising its total subordinated bond sales to $2.45 billion in two years—the highest among banks. The latest fixed-rate bond, maturing … Read the full press release

Garanti BBVA Secures Over $440 Million in Syndicated Loan to Support Turkish Economy and Sustainable Projects

(IN BRIEF) Garanti BBVA has secured over $440 million through a syndicated loan to bolster the Turkish economy, aligned with the bank’s commitment to sustainability. The loan, supported by 43 banks across 20 countries, includes tranches with maturities of 367 … Read the full press release

Garanti BBVA Leads Turkish Finance Sector in Workplace Safety Recognition

(IN BRIEF) Garanti BBVA has been awarded the prestigious International Safety Award from the British Safety Council for the sixth year in a row, becoming the only financial institution among 350 Turkish applicants to achieve this recognition in 2025. This … Read the full press release

Garanti BBVA Sets Ambitious Goals for 2025 While Navigating Economic Uncertainty

(IN BRIEF) Garanti BBVA’s CEO, Mahmut Akten, shared the bank’s strategic priorities and 2025 goals during a meeting with Turkish media, discussing the global and local economic landscape. Despite global uncertainties, Akten expressed confidence in Türkiye’s economic program and the … Read the full press release

Garanti BBVA Achieves Record Sustainability Score in 2024 S&P Global Assessment, Leading Turkish Banking Sector

(IN BRIEF) Garanti BBVA, part of the BBVA Group, achieved a record score of 85 in the 2024 S&P Global Corporate Sustainability Assessment (CSA), ranking 15th globally among 668 financial institutions. The bank’s commitment to sustainability includes a target to … Read the full press release

Mahmut Akten to Succeed Recep Baştuğ as CEO of Garanti BBVA and BBVA Country Manager in Turkey

(IN BRIEF) Mahmut Akten will become CEO of Garanti BBVA and BBVA Country Manager in Turkey, replacing Recep Baştuğ. The appointment is pending regulatory approval. BBVA has reorganized its global Client Solutions area, introducing new leadership for Commercial and Retail … Read the full press release

Garanti BBVA International Partners with Kordsa for $50 Million Sustainable Loan

(IN BRIEF) Garanti BBVA International, a subsidiary of Garanti BBVA known for its sustainable financing initiatives, has secured a $50 million sustainable loan agreement with Kordsa Teknik Tekstil A.Ş. (Kordsa). This collaboration aligns with Kordsa’s efforts to reduce environmental and … Read the full press release

Garanti BBVA Commits €36.1 Million in Financing for Işıklar Wind Power Plant to Bolster Renewable Energy Expansion

(IN BRIEF) Garanti BBVA has revealed its dedication to supporting renewable energy initiatives with a €36.1 million financing agreement for the Işıklar Wind Power Plant, facilitated through BBVA’s Turkish unit in partnership with Dost Enerji. The wind power project will … Read the full press release