Turkiye Garanti Bank announced that Hüsnü Erel, who is in charge of Technology, Operations, Central Marketing and Product Development, has decided to retire after 24 years in Garanti and resigned from his duties in the bank as of February 28, 2018. In accordance with the board of directors' resolution dated March 1, 2018, Ilker Kuruöz was appointed as the Executive Vice President in charge of Engineering and Data and will begin his duties following the provision of relevant legal approvals. Furthermore, Recep Bastug, who is in charge of Commercial Banking, has resigned from his duties, effective from March 31,2018.
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.