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# Garanti BBVA meets TRY 400 billion sustainable finance goal early and sets TRY 3.5 trillion target for 2029
- URL: https://www.theglobalbanker.com/garanti-bbva-meets-try-400-billion-sustainable-finance-goal-early-and-sets-try-3-5-trillio/
- Published: 2025-07-31T08:00:00.000Z
- Updated: 2026-10-19T23:27:33.000Z
- Description: BBVA's Turkish unit reached its 2018–2025 sustainable finance goal ahead of schedule and set a new TRY 3.5 trillion target for 2029 as it reported first-half net income of TRY 53.6 billion.
- Author: TGB Editorial Team
- Tags: ESG, Europe, #archive

Garanti BBVA, the Turkish unit of Spain's BBVA, said on 31 July 2025 that it had reached its TRY 400 billion sustainable finance target for 2018–2025 ahead of schedule and had set a new goal of TRY 3.5 trillion in sustainable finance by 2029\. The announcement accompanied the bank's results for the first half of 2025.

The bank also said it had adopted the Equator Principles to strengthen environmental and social risk management in project finance.

#### FIRST-HALF RESULTS

Garanti BBVA reported net income of TRY 53.6 billion for the first six months of the year, according to consolidated financial statements as of 30 June. Total assets rose to TRY 3.82 trillion, and the bank provided TRY 2.95 trillion to the economy through cash and non-cash loans.

Customer deposits, the bank's primary source of funding, accounted for 69.5% of total assets, with the deposit base expanding 26.7% in the first half to TRY 2.66 trillion. The capital adequacy ratio stood at 15.6%, calculated without regulatory forbearance, while return on average equity was 30.7% and return on average assets 3.1%.

On funding, the bank fully rolled over its sustainability-linked syndicated loan in June, and a $500 million subordinated bond issued in July was four times oversubscribed. Garanti BBVA said 86% of its product sales were completed digitally, its mobile app had more than 17 million active users and its AI-powered assistant, UGI, had handled more than 63 million customer interactions over the past year.

“The trust our customers and stakeholders place in us is evident in our strong financial results and in our position as the most valuable bank in the BIST 100 index,” said chief executive Mahmut Akten.