May 2009
Best CEE companies in 2009: Garanti’s optimism shines through the gloom
CFO Afzal Modak tells Alex Chambers why Garanti is as well positioned as any company to weather the economic downturn and even take advantage of the opportunities it presents.
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Best companies in CEE |
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Methodology
Euromoney’ s fifth annual emerging Europe company ranking is based on a survey of market analysts at leading banks and research institutes in the region.
We received replies from 101 institutions and analysts. Respondents were asked to nominate the top-three companies in each of the countries or sectors they covered, bearing in mind market strength, profitability, growth potential and quality of management and earnings.
Points were awarded on the scale of 4:3:2 for nominations for first, second and third places respectively. Companies’ results are expressed as a percentage of total points received in each category, together with the number of companies that received points in each category.
A number of other countries and industry sectors were included in the survey but did not receive enough responses to be published.
If you would like more information about the poll, please contact Tim Moxon by email: tmoxon@euromoney.com |
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Award winners |
| Most convincing and coherent |
Most transparent accounts |
| Most accessible senior management |
Most improved |
| Best newly listed |
By country |
| By sector |
Best corporate governance |
| Garanti’s optimism shines through the gloom |
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"Turkey as a country works. It is able to do big things quickly"
Afzal Modak, Garanti |
ANALYSTS OUGHT TO dislike Garanti. It’s a bank at a time when the financial system is in crisis. It’s in a region struggling to come to terms with the credit crunch. And it is based in a country, Turkey, that is hampered by a great deal of political uncertainty.
More information on cee company ranking
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