Turkiye Garanti Bankasi A.S. (TKGBF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Turkiye Garanti Bankasi A.S. (TKGBF) trades at $3.14. Turkiye Garanti Bankasi A. S. is a Turkish financial institution offering a wide array of banking products and services, including loans, deposits, insurance, and investment options. Market cap: $13.2B, Sector: Financial services.
Price as of Jul 23, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for TKGBF: TKGBF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TKGBF against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on TKGBF.
How is this calculated? →Turkiye Garanti Bankasi A.S. (TKGBF) Financial Services Profile
Turkiye Garanti Bankasi A.S., a subsidiary of BBVA, provides comprehensive banking solutions in Turkey, including retail, commercial, and investment services. With a wide network of branches and ATMs, the bank focuses on leveraging technology and a diverse product range to serve a broad customer base, maintaining a strong market position within the Turkish financial sector.
What Is the Investment Thesis for TKGBF?
Turkiye Garanti Bankasi A.S. presents a compelling investment case based on its established market presence, diverse service offerings, and strategic alignment with its parent company, BBVA. The bank's P/E ratio of 5.08 suggests a potentially undervalued stock relative to its earnings. A dividend yield of 3.31% provides an income stream for investors. Growth catalysts include the expansion of digital banking services and leveraging BBVA's global resources. However, investors should monitor potential risks such as regulatory changes in the Turkish financial sector and macroeconomic instability, which could impact profitability. The bank's beta of 0.50 indicates lower volatility compared to the overall market.
Based on FMP financials and quantitative analysis
TKGBF Key Highlights
- Market capitalization of $13.2B, reflecting its significant presence in the Turkish banking sector.
- P/E ratio of 5.08, potentially indicating an undervalued stock compared to its earnings.
- Profit margin of 10.7%, demonstrating its ability to generate profits from its operations.
- Gross margin of 30.5%, showcasing its efficiency in managing costs associated with its services.
- Dividend yield of 3.31%, providing a steady income stream for investors.
Who Are TKGBF's Competitors?
TKGBF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BDOUF BDO Unibank, Inc. | $2.12 | +0.00% | $113B | 62 |
| BKKLY Bangkok Bank Public Company Limited | $28.06 | -2.54% | $10.7B | 49 |
| BMDPF Banca Monte dei Paschi di Siena S.p.A. | $13.30 | +5.06% | $17.5B | 48 |
| BPIRY Piraeus Financial Holdings S.A. | $8.00 | -0.99% | $9.90B | 52 |
| ZION Zions Bancorporation, National Association | $69.25 | +0.13% | $10.2B | 95 |
| BOKF BOK Financial Corporation | $141.22 | -0.23% | $8.58B | 93 |
| KEY KeyCorp | $22.72 | -1.69% | $24.5B | 92 |
| RF Regions Financial Corporation | $30.66 | -0.65% | $26.2B | 92 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TKGBF's Key Strengths?
- Strong brand recognition and customer loyalty in Turkey.
- Extensive branch and ATM network.
- Advanced digital banking platform.
- Part of the BBVA Group, providing access to global resources.
What Are TKGBF's Weaknesses?
- Exposure to the volatile Turkish economy.
- Dependence on the Turkish market for revenue.
- Potential for regulatory challenges in the Turkish banking sector.
- Competition from both domestic and international banks.
What Could Drive TKGBF Stock Higher?
- Expansion of digital banking services to attract younger demographics and increase transaction volumes.
- Leveraging BBVA's global network to expand international operations and offer cross-border services.
- Increasing SME lending by offering tailored financial solutions and support packages.
- Development of insurance and pension products to cater to the increasing demand for financial security.
- Enhancing wealth management services by offering personalized investment advice and portfolio management.
What Are the Key Risks for TKGBF?
- Financial-distress signal — its Altman Z-Score of 0.47 sits in the distress zone (elevated bankruptcy risk).
- Economic instability in Turkey could negatively impact the bank's profitability and asset quality.
- Increased competition from fintech companies and other banks could erode market share.
- Regulatory changes in the Turkish banking sector could increase compliance costs and limit growth opportunities.
- Geopolitical risks in the region could disrupt business operations and investor confidence.
- Limited liquidity due to OTC market trading may lead to difficulties in buying or selling shares.
What Are the Growth Opportunities for TKGBF?
- Expansion of Digital Banking Services: Turkiye Garanti Bankasi A.S. can capitalize on the increasing adoption of digital banking in Turkey. By investing in user-friendly mobile applications and online platforms, the bank can attract a younger demographic and improve customer retention. The digital banking market in Turkey is projected to grow significantly, offering opportunities for increased transaction volumes and fee income. Timeline: Ongoing.
- Leveraging BBVA's Global Network: As a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), Turkiye Garanti Bankasi A.S. can leverage BBVA's global network and expertise to expand its international operations and offer cross-border services. This includes facilitating international trade finance and providing banking services to Turkish businesses operating abroad. This synergy can drive revenue growth and enhance the bank's competitive position. Timeline: Ongoing.
- Increasing SME Lending: There is a significant opportunity for Turkiye Garanti Bankasi A.S. to expand its lending activities to small and medium-sized enterprises (SMEs) in Turkey. By offering tailored financial solutions and support packages, the bank can tap into the growing SME sector, which is a key driver of economic growth in Turkey. This includes providing working capital loans, project finance, and export financing. Timeline: Ongoing.
- Developing Insurance and Pension Products: Turkiye Garanti Bankasi A.S. can further develop its insurance and pension product offerings to cater to the increasing demand for financial security and retirement planning in Turkey. By partnering with leading insurance providers and offering innovative pension plans, the bank can generate additional fee income and strengthen customer relationships. Timeline: Ongoing.
- Enhancing Wealth Management Services: With the increasing affluence of the Turkish population, there is a growing demand for wealth management services. Turkiye Garanti Bankasi A.S. can expand its wealth management division by offering personalized investment advice, portfolio management, and private banking services to high-net-worth individuals. This includes providing access to a wide range of investment products, such as mutual funds, equities, and bonds. Timeline: Ongoing.
What Opportunities Does TKGBF Have?
- Expansion of digital banking services.
- Growth in SME lending.
- Development of insurance and pension products.
- Leveraging BBVA's global network for international expansion.
What Threats Does TKGBF Face?
- Economic instability in Turkey.
- Increased competition from fintech companies.
- Regulatory changes impacting the banking sector.
- Geopolitical risks in the region.
What Are TKGBF's Competitive Advantages?
- Established brand reputation and customer loyalty in Turkey.
- Extensive network of branches and ATMs across the country.
- Strong digital banking platform and mobile banking services.
- Access to global resources and expertise as a subsidiary of BBVA.
What Does TKGBF Do?
Turkiye Garanti Bankasi A.S. was established in 1946 and has grown into a prominent financial institution in Turkey. The bank offers a comprehensive suite of banking products and services, catering to retail, SME, and corporate clients. These services include a variety of deposit accounts such as current, savings, and time deposit accounts, as well as diverse lending options including general purpose, auto, mortgage, and SME loans. Garanti also provides various card services, insurance products covering auto, health, and life, and pension plans. Furthermore, the bank offers investment services, including mutual funds, government bonds, and equity trading platforms. Garanti Bank also provides specialized services such as leasing, fleet management, and factoring. The bank has invested heavily in digital banking solutions, offering internet, mobile, and SMS banking services to enhance customer convenience. As of December 31, 2021, Turkiye Garanti Bankasi A.S. operated 872 branches and 5,401 ATMs across Turkey. In May 2022, the bank became a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), a global financial services group, which has further strengthened its position and resources. The bank is headquartered in Istanbul, Turkey, and continues to play a significant role in the Turkish financial landscape.
What Products and Services Does TKGBF Offer?
- Provides current and savings accounts to individuals and businesses.
- Offers various types of loans, including auto, mortgage, and SME loans.
- Provides credit and debit cards with various rewards and benefits.
- Offers auto, health, life, and home insurance products.
- Provides pension plans and retirement savings solutions.
- Offers mutual funds, government bonds, and equity trading services.
- Provides leasing, fleet management, and factoring services.
- Offers internet, mobile, and SMS banking services.
How Does TKGBF Make Money?
- Generates revenue from interest income on loans.
- Earns fees from banking services, such as account maintenance and transaction fees.
- Generates commissions from the sale of insurance and investment products.
- Earns revenue from leasing, fleet management, and factoring services.
What Industry Does TKGBF Operate In?
Turkiye Garanti Bankasi A.S. operates within the Turkish banking sector, which is characterized by a mix of large, well-established banks and smaller, regional players. The industry is influenced by macroeconomic conditions, regulatory policies, and technological advancements. The Turkish banking sector is experiencing growth in digital banking and mobile payment solutions. Competition includes both domestic and international banks, such as BDOUF (BNP Paribas) and BPIRF (Banco Santander). Garanti Bank's affiliation with BBVA provides it with a competitive advantage through access to global resources and expertise.
Who Are TKGBF's Key Customers?
- Retail customers seeking personal banking services.
- Small and medium-sized enterprises (SMEs) requiring business banking solutions.
- Large corporations seeking corporate banking services.
- High-net-worth individuals seeking wealth management services.
Company Profile
Turkiye Garanti Bankasi A.S. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Istanbul, TR. The company is led by CEO Mahmut Akten. TKGBF has traded publicly since 2009.
How Turkiye Garanti Bankasi A.S. Is Valued
Turkiye Garanti Bankasi A.S. carries a market capitalization of $13.2B, placing it in the large-cap category.
ROE 28%Key Financial Metrics
Return on equity for Turkiye Garanti Bankasi A.S. stands at 28.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.5%, showing how much profit it generates from its asset base. TKGBF trades at a trailing price-to-earnings ratio of 4.45, below the Financial Services sector average of ~18x. Its free cash flow yield is 4.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.00 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 22.5%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 8/9Financial Health
Turkiye Garanti Bankasi A.S.'s Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.47 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Turkiye Garanti Bankasi A.S. revenue of about $469.05B for fiscal 2026, with EPS near $31.92. The estimate reflects 4 contributing analysts.
TKGBF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
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Bear Case
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AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
TKGBF Latest News
No recent news available for TKGBF.
TKGBF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for TKGBF.
Price Targets
Wall Street price target analysis for TKGBF.
TKGBF MoonshotScore
What does this score mean?
The MoonshotScore rates TKGBF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Mahmut Akten
CEO
Mahmut Akten is the CEO of Turkiye Garanti Bankasi A.S. He has extensive experience in the banking sector, with a career spanning several decades. His background includes various leadership roles in different departments within the bank, providing him with a comprehensive understanding of the bank's operations and strategic objectives. He has a strong academic background in finance and economics, which has equipped him with the analytical skills necessary to lead a major financial institution.
Track Record: Under Mahmut Akten's leadership, Turkiye Garanti Bankasi A.S. has focused on expanding its digital banking capabilities and strengthening its market position in Turkey. He has overseen the implementation of several key strategic initiatives, including the development of new digital products and services, and the expansion of the bank's SME lending portfolio. He has also played a key role in integrating the bank's operations with those of its parent company, BBVA.
TKGBF OTC Market Information
The OTC Other tier, where Turkiye Garanti Bankasi A.S. trades, represents the lowest tier of the OTC market. Companies in this tier may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. These securities are often speculative and carry a higher degree of risk. Unlike stocks listed on major exchanges like the NYSE or NASDAQ, OTC Other stocks have minimal listing requirements, leading to greater variability in company quality and transparency. Investors should exercise caution and conduct thorough due diligence before investing in OTC Other securities.
- OTC Tier: OTC Other
- Limited Liquidity: OTC stocks often have low trading volumes, making it difficult to buy or sell shares without significantly impacting the price.
- Information Scarcity: Financial reporting may be infrequent or incomplete, making it challenging to assess the company's financial health.
- Price Volatility: OTC stocks can be subject to significant price swings due to speculative trading and limited market oversight.
- Regulatory Oversight: The OTC market has less regulatory oversight than major exchanges, increasing the risk of fraud or manipulation.
- Dilution Risk: Companies on the OTC market may be more likely to issue new shares, diluting existing shareholders' ownership.
- Verify the company's registration and legal standing.
- Obtain and review the latest financial statements, if available.
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's debt levels and cash flow.
- Understand the risks associated with investing in OTC securities.
- Consult with a financial advisor before making any investment decisions.
- Subsidiary of BBVA: Being a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) provides a degree of legitimacy due to BBVA's established reputation and regulatory oversight.
- Established Operations: Turkiye Garanti Bankasi A.S. has been operating since 1946, indicating a long-standing presence in the Turkish banking sector.
- Financial Metrics: The company reports key financial metrics such as market cap, P/E ratio, profit margin, and dividend yield, suggesting a level of transparency.
- Employee Count: The company employs over 22,000 people, indicating a substantial operational scale.
- Branch and ATM Network: The bank operates a significant network of branches and ATMs across Turkey, demonstrating a physical presence and customer reach.
TKGBF Financial Services Stock FAQ
What does Turkiye Garanti Bankasi A.S. do?
Turkiye Garanti Bankasi A.S. is a full-service bank in Turkey, providing a wide range of financial products and services to retail, SME, and corporate clients. These include deposit accounts, loans, credit cards, insurance products, and investment services. The bank operates through a network of branches and ATMs across Turkey and offers digital banking services through its website and mobile app.
What are the main risks for TKGBF?
The primary risks for Turkiye Garanti Bankasi A.S. include exposure to the Turkish economy, which is subject to volatility and currency fluctuations. Increased competition from fintech companies and other banks could erode market share. Regulatory changes in the Turkish banking sector could increase compliance costs and limit growth opportunities.
What are the key factors to evaluate for TKGBF?
Evaluate TKGBF on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does TKGBF data refresh on this page?
TKGBF's price was last updated on Jul 23, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven TKGBF's recent stock price performance?
Turkiye Garanti Bankasi A.S. (TKGBF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand recognition and customer loyalty in Turkey. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider TKGBF overvalued or undervalued right now?
Turkiye Garanti Bankasi A.S. (TKGBF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research TKGBF before investing?
Before investing in Turkiye Garanti Bankasi A.S. (TKGBF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding TKGBF to a portfolio?
Key strength of Turkiye Garanti Bankasi A.S. (TKGBF): Strong brand recognition and customer loyalty in Turkey. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis is pending, limiting the depth of analytical insights.
- OTC market investments carry higher risk due to limited regulation and liquidity.