Q2 2024 Turkiye Garanti Bankasi AS Earnings Call Transcript

Author's Avatar
Aug 13, 2024

Aug 13, 2024 / NTS GMT
Operator

Hello, and thank you for joining us in Garanti BBVA's First Half 2024 Financial Results Webcast. Our CEO, Mr. Recep Bastug; our CFO, Mr. Aydin Guler, and our Investor Relations Director, Ms. Handan Saygin, will be presenting today. (Operator Instructions) The presentation will now start, so I leave the floor to our presenters.

Handan Saygin - Turkiye Garanti Bankasi AS - Head of Investor Relations

Good afternoon, everyone. We're very pleased to be with you all on another earnings call presenting our stellar results. Despite the market complexities and challenges of the first half, we continued to deliver improvement in banking performance. Before getting into our financial performance details, let's as usual, go over the broader macroeconomic environment we're in.

We now cast annual 4% GDP growth in the second quarter. Accordingly, we expect almost no change quarter-on-quarter. This will likely take the annual GDP growth in first half '24 closer to 5%. Taking into account the strong performance of first half, there seems to be upside for our 2024 GDP

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot