Garanti BBVA sees slight rise in governance ranking

ISTANBUL – Turkiye Garanti Bankasi (IS:GARAN) A.S. (TGBD), also referred to as Garanti BBVA (BME:BBVA), has reported a marginal improve in its Company Governance Compliance Ranking, in line with an announcement made to the funding neighborhood. The financial institution’s compliance rating, evaluated by JCR Eurasia Ranking, has risen to 9.82 from 9.81 out of a potential 10.

The evaluation, which is predicated on the Company Governance Rules issued by the Capital Markets Board of Turkey (CMB), was performed over a one-year interval ending on December 06, 2024. The financial institution’s ranking outlook has additionally been adjusted to “Secure.”

Garanti BBVA has maintained its earlier 12 months’s compliance ranges within the classes of Shareholders, Public Disclosure & Transparency, and Stakeholders. Notably, the rating for the Board of Administrators part elevated from 9.81 to 9.85. This enchancment is basically attributed to the appointment of Ms. Ebru Oğan Knottnerus to the board, which resulted within the financial institution surpassing the 25% feminine membership threshold set by the CMB’s governance ideas.

The financial institution’s general Company Governance Ranking is calculated primarily based on weighted scores from 4 foremost sections. These sections, together with their respective weights, have contributed to the financial institution’s mixture rating. Garanti BBVA’s efficiency ensures its continued inclusion within the Borsa İstanbul Company Governance Index, as its rating exceeds the brink of “7”.

The detailed Company Governance Ranking Report by JCR Eurasia Ranking is out there on Garanti BBVA’s Investor Relations web site. The financial institution has affirmed that the knowledge supplied within the announcement is per official information and displays correct and full info relating to its governance compliance.

This announcement is predicated on a press launch assertion and is meant to tell stakeholders of Garanti BBVA’s company governance developments with out selling the corporate or its companies.

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