Turkiye Garanti Bankasi A.S. (TKGBF) Q1 2025 Earnings Call Transcript

2025-04-30 00:08:45 ET

Turkiye Garanti Bankasi A.S. (TKGBF)

Q1 2025 Earnings Conference Call

April 28, 2025 11:30 A.M. ET

Company Participants

Mahmut Akten - CEO

Aydin Guler - CFO

Ceyda Akinc - Head of Investor Relations

Conference Call Participants

Mehmet Sevim - JPMorgan

Presentation

Operator

Hello, and thank you for joining us in Garanti BBVA's First Quarter 2025 Financial Results Webcast. Our CEO, Mr. Mahmut Akten; our CFO, Mr. Aydin Guler; and our Head of Investor Relations, Ms. Ceyda Akinc, will be presenting today. [Operator Instructions]

I now leave the floor to management for the presentation.

Ceyda Akinc

Hello, everyone. I'm pleased to present Garanti BBVA's first quarter earnings results. Before moving on to financials, I would like to go through the macro environment and our macro forecast. Turkish economy in first Q remained solid, supported by robust domestic demand. Given the strong momentum in the first quarter and the expansionary fiscal stance, we expect GDP growth to be 3.5% this year. Inflation is set to decline, supported by tighter financial conditions, moderating private consumption and lower commodity prices....

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