CarthagoTurkish banking dataStandardized per-bank financials from quarterly BRSA reports
19th of 23. One of the field's thinnest buffers — 2.5pp over the 12% target ratio.
Cleaner than the median — 2.66pp below it. The worst book in the field runs 6.7%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 8.0% q/q | 20.0% | 14.5% | −5.48pp |
| Loan–deposit spread | 15.36% | 15.06% | −0.30pp |
| NPL ratio | 0.01% | 0.01% | −0.00pp |
| ROE (TTM) | 13.6% | 15.1% | +1.5pp |
Funded by depositors, not markets. Deposits cover 57% of the balance sheet.
| Loan / deposit — TL+FC | 88% | self-funded · audited, quarterly |
| Assets per branch | ₺7.6bn | 4 branches |
| Assets per employee | ₺121mn | 251 staff |
| Leverage |
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 footnotesPress coverage tagged to this bank, quarterly results decks and recent KAP disclosures.
1 items19th of 21 — 9.4pp under the median and 12.9pp under inflation.
6th of 21. 1.88pp over the median margin.
12th of 21 — lower half, 1.4pp worse than the median.
Capital step-down. CAR fell 5.5pp in a quarter to 14.5% — a 2.5pp buffer over the 12% target ratio, 33rd of 37, while the balance sheet grew 8.0% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE 15.1% against 32.1% 12-month-average CPI: equity compounds a 17.0pp real loss.roe − cpi_12m_avg < 0
Liquidity clear. LCR 129% and TL+FC loan/deposit 88% — 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: 12.77 at the start, 16.74 at the end, ranging 12.52 to 16.9. Deposit cost: 0.86 at the start, 1.68 at the end, ranging 0.67 to 1.68. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 12.770854491734507 | 0.8587814426942866 |
| 2023-04-01 | 12.526023870648665 | 0.9691105607430414 |
| 2023-07-01 | 12.523433824079252 | 1.1339034832385217 |
| 2023-10-01 | 14.091041934688961 | 1.1037228011886948 |
| 2024-01-01 | 15.621740047276964 | 1.2572457876680547 |
| 2024-04-01 | 16.902299072366976 | 1.4404926972235772 |
| 2024-07-01 | 16.705616808398126 | 1.428859232334072 |
| 2024-10-01 | 15.991401348541048 | 1.344607470077709 |
| 2025-01-01 | 15.17480070203022 | 1.100650977353473 |
| 2025-04-01 | 15.049599489446585 | 0.8115160550822872 |
| 2025-07-01 | 15.31414238652063 | 0.6666216601836684 |
| 2025-10-01 | 16.44443771349336 | 1.081377034372927 |
| 2026-01-01 | 16.739761835943927 | 1.6768819322761364 |
| 5.6× |
| assets ÷ equity |
| Stage 1 — performing | ₺14.7bn | 97.0% · 0.0% cover |
| Stage 2 — watchlist | ₺0.5bn | 3.0% · 0.0% cover |
| Stage 3 — NPL | ₺0.0bn | 0.0% · 0.0% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 0.06, ranging 0.05 to 0.07. Loans: 0.03 at the start, 0.06 at the end, ranging 0.03 to 0.06. Deposits: 0.05 at the start, 0.06 at the end, ranging 0.04 to 0.06. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 0.06439710662552581 | 0.028172539354281132 | 0.045784109929899924 |
| 2023-04-01 | 0.06907264865594992 | 0.02725081376897657 | 0.06346857068881025 |
| 2023-07-01 | 0.06713885336755454 | 0.034655076713283064 | 0.051398362596949375 |
| 2023-10-01 | 0.06204902423924113 | 0.02692614057864175 | 0.044054180812931894 |
| 2024-01-01 | 0.0606142999296262 | 0.026619753782863027 | 0.04997262491225577 |
| 2024-04-01 | 0.05341166880863766 | 0.035357217813223304 | 0.040043848735066556 |
| 2024-07-01 | 0.06003283721508758 | 0.03241770620863283 | 0.05381138271428365 |
| 2024-10-01 | 0.058249314517334186 | 0.03458173828387307 | 0.05247051679992435 |
| 2025-01-01 | 0.05974854386706664 | 0.0425071303423903 | 0.0508756073174426 |
| 2025-04-01 | 0.05774793286002657 | 0.04190343557443467 | 0.04887588789197259 |
| 2025-07-01 | 0.06067612577337992 | 0.05168730713971057 | 0.05301938406019101 |
| 2025-10-01 | 0.0616707335408491 | 0.05256661496143657 | 0.05258717175900658 |
| 2026-01-01 | 0.06299344269186859 | 0.057417087424860506 | 0.05883433526704353 |