CarthagoTurkish banking dataStandardized per-bank financials from quarterly BRSA reports
3rd of 23. 28.7pp of headroom — capital raised well ahead of the book.
Cleaner than the median — 0.17pp below it. The worst book in the field runs 6.7%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 16.0% q/q | 61.7% | 40.7% | −20.99pp |
| NPL ratio | 0.00% | 2.50% | +2.50pp |
Capital normalising. CAR fell 21.0pp to 40.7% as the book grew 16.0% q/q, but 28.7pp of buffer remains. Capital being deployed, not depleted.Δcar_qoq < −5pp AND buffer ≥ 8pp → note, not flag
Liquidity clear. LCR 262% and TL+FC loan/deposit 59% — funding is not a constraint this quarter.
Trailing-twelve-month figures need four quarters of income statement over five quarter-ends of average balances. This bank has filed 4 quarters (first: 2025Q2), so yield, funding cost, spread, cost of risk and ROE cannot be formed without inventing a denominator.
rule: the ladder needs a ttm roe — never a blank tile
Deposit-light — still funded by its own capital. Deposits cover 38% of the balance sheet.
| Loan / deposit — TL+FC | 59% | self-funded · audited, quarterly |
| Assets per branch | — | branch count not filed |
| Assets per employee | ₺37mn | 129 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 footnotes| 2.4× |
| assets ÷ equity |
| Stage 1 — performing | ₺1.0bn | 97.5% |
| Stage 2 — watchlist | ₺0.0bn | 0.0% |
| Stage 3 — NPL | ₺0.0bn | 2.5% · 20.0% cover |
Chart data: 4 rows, Date from 2025-04-01 to 2026-01-01. Assets: 0.01. Loans: 0. Deposits: 0 at the start, 0.01 at the end, ranging 0 to 0.01. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2025-04-01 | 0.00784970955009249 | 0.00018323446068538012 | 0.0014004918271491107 |
| 2025-07-01 | 0.008565781200771753 | 0.001121711900626028 | 0.0034528584781996054 |
| 2025-10-01 | 0.009009434388706116 | 0.002494071187113531 | 0.004079406566980175 |
| 2026-01-01 | 0.009882165858768967 | 0.004036620399482244 | 0.00614201296170384 |