Garanti Bank's cost to income ratio reached 38.8% in 2017, down from 41.6% compared to the previous year.
Historically, the bank’s costs reached an all time high of 206% of income in 2001 and an all time low of 32.3% in 2009.
When compared to total assets, bank's cost amounted to 2.28% in 2017, down from 2.38% a year earlier.
Staff accounted for 42.1% of total operating expenditures in 2017. The bank operated a network of 948 branches and employed 18,851 persons in 2017.
Comparing Garanti Bank with its closest peers, Isbank operated in 2017 with a cost to income ratio of 54.7% in 2017, Yapi Kredi Bank reached 42.5% and VakifBank some 50.5%.
You can see all the bank’s data at Garanti Bank Profile, or you can download a report on the bank in the report section.
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