Turkiye Garanti Bankasi A.S. announced that Banking Regulation and Supervision Agency approved its Bank's application and allowed its Bank to establish a joint stock company with the trade name of “Garanti BBVA Finansal Teknolojiler A.S.” having a total capital of TRY 100.000 in order to invest in financial technologies and/or carry on the business of providing consultancy or advisory services to the Bank and/or its subsidiaries related to their investments in financial technologies, market/company analysis and similar activities. The incorporation process of the company has been completed.