GBI is a wholly-owned subsidiary of Turkiye Garanti Bankasi A.S. (Garanti) and the ultimate parent of GBI is Banco Bilbao Argentaria S.A. (BBVA) of Spain. Garanti and all of its subsidiaries including GBI are fully consolidated under BBVA financial statements.

The shareholder structure of Garanti can be reviewed by clicking here.

Pursuant to the sale and purchase agreement disclosed to the market on February, 21st, 2017, and after fulfilling all the conditions precedent included therein, on 22 March 2017, BBVA has completed the acquisition of 9.95% of the total issued capital of Garanti from Doğuş Group of Turkey and therefore, BBVA's total stake in Garanti now amounts to 49.85%.

Kindly visit Garanti and BBVA websites for official announcements.