Jada Akınç
Head of Investor Relations
Replay available
Turkiye Garanti Bankasi A.S. (TKGBF) Q1 2025 Earnings Call
Turkiye Garanti Bankasi A.S. (OTC: TKGBF) Q1 2025 earnings conference call, held 2025-04-28. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Aydin Güler
CFO
Mehmet Sevim
Analyst
Mahmut Aktan
CEO
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Turkiye Garanti Bankasi Anonim Sirketi.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:06.056 Hello and thank you for joining us in the Guaranteed BBVA's first quarter 2025 financial 00:00:06.056 -- 00:00:11.041 results webcast. Our CEO, Mr. Mahmut Aktan, our CFO, Mr. 00:00:11.041 -- 00:00:14.444 Aydin Güler, and our Head of Investor Relations, Ms. 00:00:14.444 -- 00:00:17.667 Jada Akınç will be presenting today. 00:00:17.667 -- 00:00:22.491 As always, there will be a Q&A session following the presentation and you will be able 00:00:22.491 -- 00:00:27.536 to ask your questions either via raise hand button or by typing them into the Q&A 00:00:27.536 -- 00:00:33.087 area. I now leave the floor to management for the presentation. 00:00:34.773 -- 00:00:40.001 Hello everyone. I am pleased to present Garanti BBVA's first quarter earnings 00:00:40.001 -- 00:00:41.523 results. 00:00:41.523 -- 00:00:46.110 Before moving on the financials, I would like to go through the macro environment and 00:00:46.110 -- 00:00:48.314 our macro forecast. 00:00:48.314 -- 00:00:53.402 Turkish economy in first year remained solid, supported by robust domestic 00:00:53.402 -- 00:00:58.625 demand. Given the strong momentum in the first quarter and the expansionary 00:00:58.625 -- 00:01:03.836 fiscal stance, we expect GDP growth to be 3.5% this 00:01:03.836 -- 00:01:05.379 year. 00:01:05.379 -- 00:01:10.650 Inflation is set to decline, supported by tighter financial conditions, 00:01:10.650 -- 00:01:15.732 moderating private consumption and lower commodity prices. 00:01:15.732 -- 00:01:20.877 Following the latest internal and external market volatility, we revised 00:01:20.877 -- 00:01:25.880 up our year-end inflation estimates from 29% to 31%, 00:01:27.163 -- 00:01:32.848 while acknowledging upside risks from uncertainty in food prices. 00:01:32.848 -- ...