CarthagoTurkish banking data
Albaraka TürkStandardized per-bank financials from quarterly BRSA reports
7th of 9. One of the field's thinnest buffers — 3.8pp over the 12% target ratio.
Cleaner than the median — 0.93pp below it. The worst book in the field runs 11.3%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 7.2% q/q | 18.9% | 15.8% | −3.18pp |
| Loan–deposit spread | 10.66% | 10.85% | +0.19pp |
| NPL ratio5 consecutive rises | 1.89% | 2.05% | +0.16pp |
| ROE (TTM) | 63.9% | 28.3% | −35.6pp |
Funded by depositors, not markets. Deposits cover 60% of the balance sheet.
| Loan / deposit — TL+FC | 77% | self-funded · audited, quarterly |
| Assets per branch | ₺2.2bn | 226 branches |
| Assets per employee |
Balance sheet · income statement · cash flow — as filed, y/y, real (CPI-deflated) or common-size against the sector. Plus the shape: composition, the profit waterfall and the interest flow.
3 statements · 4 lensesFX net open position and the ≤1y repricing gap from the §4 footnotes, with the audited capital stack and its buffer over the 12% minimum.
§4 footnotesShareholders ≥5% and the §7 subsidiary grid, from the KAP Genel Bilgi Formu — re-scraped weekly.
KAPPress coverage tagged to this bank, quarterly results decks and recent KAP disclosures.
18 items5th of 9 — 0.0pp over the median and 2.9pp under inflation.
6th of 9. 0.07pp under the median margin.
6th of 9 — lower half, 5.9pp worse than the median.
Capital step-down. CAR fell 3.2pp in a quarter to 15.8% — a 3.8pp buffer over the 12% target ratio, 22nd of 37, while the balance sheet grew 7.2% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE 28.3% against 32.1% 12-month-average CPI: equity compounds a 3.8pp real loss.roe − cpi_12m_avg < 0
NPL drift. 5 consecutive quarterly rises, to 2.05%. The level is still better than the field median; the direction is the signal. Stage-2 — the pre-NPL watchlist — sits at 6.1% of the book.consecutive_rise(npl) ≥ 4q
Liquidity clear. LCR 134% and TL+FC loan/deposit 77% — funding is not a constraint this quarter.lcr < 120 OR ldr > 100 → would fire; neither did
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Loan yield: 13.05 at the start, 26.82 at the end, ranging 13.05 to 26.98. Deposit cost: 4.82 at the start, 15.96 at the end, ranging 4.82 to 16.65. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 13.048767888760086 | 4.822105121759031 |
| 2023-04-01 | 13.3190023386797 | 5.0224531030839135 |
| 2023-07-01 | 13.780351993328122 | 5.376883738072669 |
| 2023-10-01 | 16.571183637599933 | 7.016069494418546 |
| 2024-01-01 | 18.816488156893538 | 8.677813915888711 |
| 2024-04-01 | 21.719682471033227 | 10.53858250045494 |
| 2024-07-01 | 24.329814165048916 | 12.67172018732336 |
| 2024-10-01 | 24.53724096185844 | 14.243391606401918 |
| 2025-01-01 | 24.797362638697926 | 15.363721074833514 |
| 2025-04-01 | 24.919887158105087 | 16.07542542190451 |
| 2025-07-01 | 24.935042832837443 | 16.64997733886992 |
| 2025-10-01 | 26.979774573705516 | 16.316119814291163 |
| 2026-01-01 | 26.81535936440617 | 15.962443250823302 |
| ₺179mn |
| 2,787 staff |
| Leverage | 19.5× | assets ÷ equity |
| Stage 1 — performing | ₺212bn | 91.9% · 0.6% cover |
| Stage 2 — watchlist | ₺14.0bn | 6.1% · 12.6% cover |
| Stage 3 — NPL | ₺4.7bn | 2.1% · 76.1% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 0.99 at the start, 1.04 at the end, ranging 0.97 to 1.04. Loans: 0.92 at the start, 0.87 at the end, ranging 0.78 to 0.93. Deposits: 1.1 at the start, 1.03 at the end, ranging 0.97 to 1.11. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 0.9868399989025259 | 0.9247924577552911 | 1.1007688360578394 |
| 2023-04-01 | 1.0171912166685144 | 0.9306852034414708 | 1.1122946689525606 |
| 2023-07-01 | 0.9890880117864301 | 0.8447494442082174 | 1.0469780663023294 |
| 2023-10-01 | 1.0089399384733424 | 0.8561030797492224 | 1.0308431095217836 |
| 2024-01-01 | 1.027367653081577 | 0.8514807217763021 | 0.9973002166517078 |
| 2024-04-01 | 0.9810488686331831 | 0.7811807133118855 | 1.0180583257979698 |
| 2024-07-01 | 0.9964521044098541 | 0.8103340890959707 | 1.0322636981801958 |
| 2024-10-01 | 0.9740097511328587 | 0.8446525042004476 | 1.0227156045654617 |
| 2025-01-01 | 0.9960803128946297 | 0.8527740412477851 | 0.9695878598690891 |
| 2025-04-01 | 1.006755841003866 | 0.8589052825463449 | 1.0197579393756169 |
| 2025-07-01 | 0.983452476872809 | 0.8537949076735512 | 0.9844115440533489 |
| 2025-10-01 | 1.0227610818482347 | 0.86676230706378 | 0.9781871276135983 |
| 2026-01-01 | 1.0371514503065258 | 0.8731329434322194 | 1.0253876959731374 |