Garanti BBVA Announces Executive Changes, Effective September 1, 2019
August 21, 2019
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Garanti BBVA appointed Recep Bastug as its new CEO, replacing Fuat Erbil. Recep Bastug also becomes the new Country Manager for BBVA in Turkey. The change is effective as of September 1st, subject to required regulatory approvals.
Recep Bastug joined Garanti BBVA in 1989 and has had an extensive career, holding a series of executive positions. From 2013 through 2018, he was a member of the banks executive committee and responsible for Commercial Banking and Consumer Finance. He then decided to embark on a new professional path, taking the role of Executive Board Member with Ciner Group, a leading industrial conglomerate in Turkey.
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, 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, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.
TURKIYE GARANTI BANKASI 
