NEW YORK, June 26, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that operates the world's largest Open, Transparent and Connected marketplace platform, today announced that Turkiye Garanti Bankasi A.S. (OTCQX: TKGBY; Istanbul: GARAN) ("Garanti"), Turkey's second largest private bank, has chosen to have its American Depositary Receipts (ADRs) traded on the highest tier of the OTC market, OTCQX®.
Garanti began trading today on the OTC market's prestigious tier, OTCQX International Premier. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Garanti as our first Turkish issuer trading on OTCQX."
BNY Mellon will serve as Garanti's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
About Turkiye Garanti Bankasi A.S.
Turkiye Garanti Bankasi A.S. (OTCQX: TKGBY; Istanbul: GARAN) ("Garanti") trades in the United States on OTCQX under the symbol "TKGBY", where each ADR represents 1 ordinary share. Garanti is Turkey's second largest private bank with US$ 94 billion consolidated assets as of March 2012. The Bank serves to more than 11 million customers through an extensive distribution network of 913 domestic and 7 foreign branches in Cyprus, Luxembourg and Malta; 4 international representative offices in Moscow, London, Dusseldorf and Shanghai; around 3,500 ATMs; an award-winning Call Center; and state-of-the-art Internet and Mobile Banking platforms. As a universal bank with leading presence in all business lines including corporate, commercial, SME, retail, private and investment banking, Garanti offers integrated financial services with its subsidiaries in payment systems, pension & life, leasing, factoring, brokerage and asset management as well as international subsidiaries in The Netherlands, Russia and Romania.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest Open, Transparent and Connected financial marketplace platform, delivering price transparency in almost 10,000 OTC securities. The OTC Link® ATS directly links broker-dealers that provide liquidity and execution services. We organize the wide spectrum of OTC-traded securities into three marketplaces to inform investors of opportunities and risks – OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our financial marketplace platform enables smarter trading through any broker at the best possible price, and empowers companies to improve the quality and availability of information for their investors. To learn more about our Open, Transparent and Connected financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
SOURCE OTC Markets Group Inc.