CarthagoTurkish banking dataStandardized per-bank financials from quarterly BRSA reports
9th of 9. One of the field's thinnest buffers — 2.8pp over the 12% target ratio.
Cleaner than the median — 2.01pp below it. The worst book in the field runs 11.3%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 23.4% q/q | 18.3% | 14.8% | −3.57pp |
| Loan–deposit spread | 15.79% | 19.36% | +3.58pp |
| NPL ratio3 consecutive rises | 0.74% | 0.98% | +0.24pp |
| ROE (TTM) | 24.9% | 40.1% | +15.3pp |
Funded by depositors, not markets. Deposits cover 68% of the balance sheet.
| Loan / deposit — TL+FC | 63% | self-funded · audited, quarterly |
| Assets per branch | ₺4.9bn | 25 branches |
| Assets per employee | ₺224mn | 550 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 footnotes2nd of 9 — 11.9pp over the median and 6.1pp over inflation.
1st of 9. 6.73pp over the median margin.
3rd of 9 — top quartile. 7.6pp better than the median: scale is earning its keep.
Capital step-down. CAR fell 3.6pp in a quarter to 14.8% — a 2.8pp buffer over the 12% target ratio, 32nd of 37, while the balance sheet grew 23.4% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Liquidity clear. LCR 176% and TL+FC loan/deposit 63% — funding is not a constraint this quarter.lcr < 120 OR ldr > 100 → would fire; neither did
Chart data: 6 rows, Date from 2024-10-01 to 2026-01-01. Loan yield: 26.77 at the start, 31.24 at the end, ranging 26.77 to 34.17. Deposit cost: 23.18 at the start, 11.88 at the end, ranging 11.88 to 24.14. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2024-10-01 | 26.769275375893987 | 23.176208102156874 |
| 2025-01-01 | 34.169006322781456 | 24.136786980698506 |
| 2025-04-01 | 32.542454910738286 | 21.395770564159005 |
| 2025-07-01 | 32.0822054421499 | 19.401341103945118 |
| 2025-10-01 | 30.581639828988784 | 14.795920963385747 |
| 2026-01-01 | 31.240965509032176 | 11.876625760818241 |
| 10.7× |
| assets ÷ equity |
| Stage 1 — performing | ₺51.6bn | 97.9% · 0.4% cover |
| Stage 2 — watchlist | ₺0.6bn | 1.1% · 4.4% cover |
| Stage 3 — NPL | ₺0.5bn | 1.0% · 100.0% cover |
Chart data: 10 rows, Date from 2023-10-01 to 2026-01-01. Assets: 0 at the start, 0.26 at the end, ranging 0 to 0.26. Loans: 0 at the start, 0.2 at the end, ranging 0 to 0.21. Deposits: 0 at the start, 0.28 at the end, ranging 0 to 0.28. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-10-01 | 0.0028433985725947607 | 0 | 3.5039752222378227e-7 |
| 2024-01-01 | 0.020459705727338927 | 0.016271987292982938 | 0.01156201709335901 |
| 2024-04-01 | 0.04375835066780435 | 0.03976965996564285 | 0.02448790188487928 |
| 2024-07-01 | 0.07108944852609411 | 0.08625037373641348 | 0.06724622222543855 |
| 2024-10-01 | 0.10863050119983718 | 0.135773728041102 | 0.11899354645439533 |
| 2025-01-01 | 0.10865829467333452 | 0.13771031917884638 | 0.11809069795493402 |
| 2025-04-01 | 0.13997045567481248 | 0.16524571023297976 | 0.16581609192162755 |
| 2025-07-01 | 0.16056793762970414 | 0.17356652389552576 | 0.19223279595142972 |
| 2025-10-01 | 0.2185876587361537 | 0.2129456976649116 | 0.26901780694838756 |
| 2026-01-01 | 0.2551657745612073 | 0.19929940129008225 | 0.28403363729665937 |