Clients can pay taxes and contributions in installments with no interest
Bucharest, February 15, 2017 – Garanti Bank, one of the most dynamic banks on the local market, registered a total volume increase of 16% for taxes and contributions payment transactions made with Bonus Card, to RON 2.52 million, in 2016, as compared to RON 2.15 million.
According to the bank’s data, clients prefer to pay their taxes and contributions in the first part of the year, rather than in the last part. In 2016, the number of clients that chose to pay their taxes by the end of March was 4.5 higher than the number of clients that made the payments by the end of October last year.
This year, Garanti Bank’s Bonus Card holders can pay their taxes by March 31st through 3 installments with no interest if they make the transactions directly at the counter or online on ghiseul.ro. For Bonus Card Gold and Platinum holders, the option to pay the taxes in installments can be enabled upon request.
“Digital payments are growing significantly from year to year. As a response to this trend we offer our clients the easiest and rewarding payment instruments, simplifying as much as possible the process of paying their annual taxes and contributions“, stated Emre Unal, Cards Director, Garanti Bank Romania.
Bonus Card is a unique product in Romania and one of the most rewarding payment tools in the market, for both cardholders and merchants. Customers accumulate bonuses every time they perform a transaction with their card, both inside and outside the country. The bonus represents money that afterwards can be redeemed for free shopping in Bonus Card partner stores. Moreover, customers can choose to pay in installments free of interest, benefiting from flexibility in choosing the number of rates, based on their personal needs.
About Garanti Bank Romania
Garanti Bank is part of the financial-banking group Garanti Romania, which brings together Garanti Leasing (the brand under which the company Motoractive IFN SA operates) and Garanti Consumer Finance (the brand under which Ralfi IFN operates).
Garanti Bank is held by Turkiye Garanti Bankasi AS (TGB), Turkey’s second largest private bank. TGB is a universal bank with leading presence in all business lines. The bank serves more than 14 million customers in corporate, commercial, SME, and consumer segments offering fully integrated financial services. In July last year, Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) gained majority management control of TGB.
Garanti Bank Romania offers a series of quality products and services for all business segments: retail, SME and corporate.
Present in Romania since 1998, the bank has developed a solid portfolio of clients and expanded its national presence through branches and alternative channels, reaching an extended network of 84 branches and over 300 intelligent ATMs that can be used by anyone, not just bank customers, for transactions with or without cards.
Garanti Bank was awarded in 2015 by world-renowned magazine Global Finance, as “Best Consumer Digital Bank in Romania” and “Best Integrated Consumer Bank Site in Central and Eastern Europe Region”. The distinctions were granted within the “2015 World’s Best Consumer Digital Banks in Central and Eastern Europe Competition”.
In May this year, International Rating agency Fitch Ratings affirmed the long-term IDRs of Garanti Bank Romania (GBR). The bank’s long term IDR was affirmed at ‘BBB-‘ (outlook stable), its short term IDR at ‘F3’, its Support Rating at ‘2’, while its Viability Rating was also affirmed at ‘b+’. Fitch emphasized that GBR remains a strategically important subsidiary of its parent bank.
