CarthagoTurkish banking data
Emlak KatılımStandardized per-bank financials from quarterly BRSA reports
4th of 9 — upper half, 6.9pp over the target.
Cleaner than the median — 1.34pp below it. The worst book in the field runs 11.3%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 5.1% q/q | 19.8% | 18.9% | −0.90pp |
| Loan–deposit spread | 14.46% | 17.01% | +2.55pp |
| NPL ratio | 1.68% | 1.64% | −0.04pp |
| ROE (TTM) | 54.3% | 48.9% | −5.4pp |
Funded by depositors, not markets. Deposits cover 77% of the balance sheet.
| Loan / deposit — TL+FC | 77% | self-funded · audited, quarterly |
| Assets per branch | ₺3.4bn | 127 branches |
| Assets per employee | ₺220mn |
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.
5 items1st of 9 — 20.6pp over the median and 12.8pp over inflation.
2nd of 9. 4.53pp over the median margin.
1st of 9 — top quartile. 18.7pp better than the median: scale is earning its keep.
No flags active. LCR 696% and TL+FC loan/deposit 77% — funding is not a constraint this quarter.
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Loan yield: 16.86 at the start, 30.04 at the end, ranging 16.83 to 30.04. Deposit cost: 5.98 at the start, 13.02 at the end, ranging 5.82 to 13.14. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 16.859650709580766 | 5.976944887455528 |
| 2023-04-01 | 16.825633204796635 | 5.820053418600869 |
| 2023-07-01 | 16.925638042027614 | 5.888270189784331 |
| 2023-10-01 | 20.397379921475935 | 7.289489553452702 |
| 2024-01-01 | 24.814870547865524 | 9.146018255794166 |
| 2024-04-01 | 27.661178196212372 | 10.51385154093092 |
| 2024-07-01 | 29.02202519410641 | 11.359537908254953 |
| 2024-10-01 | 28.50648129851752 | 11.80008565371443 |
| 2025-01-01 | 26.987598681660323 | 11.831078817091747 |
| 2025-04-01 | 27.092122976744694 | 12.19500684211007 |
| 2025-07-01 | 27.517697809413015 | 13.141010828236674 |
| 2025-10-01 | 27.46357816664316 | 12.998817239810917 |
| 2026-01-01 | 30.036051787201917 | 13.022089536417777 |
| 1,961 staff |
| Leverage | 11.4× | assets ÷ equity |
| Stage 1 — performing | ₺245bn | 96.6% · 0.5% cover |
| Stage 2 — watchlist | ₺4.5bn | 1.8% · 35.7% cover |
| Stage 3 — NPL | ₺4.2bn | 1.6% · 65.6% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 0.76 at the start, 0.89 at the end, ranging 0.69 to 0.9. Loans: 0.55 at the start, 0.96 at the end, ranging 0.49 to 0.96. Deposits: 0.88 at the start, 1.13 at the end, ranging 0.79 to 1.13. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 0.7566402296558316 | 0.5480672064996844 | 0.8783490741779733 |
| 2023-04-01 | 0.6887560413801607 | 0.501665065890548 | 0.807718168516748 |
| 2023-07-01 | 0.7320827502931653 | 0.4943126735965319 | 0.8440719164880018 |
| 2023-10-01 | 0.8208275775468673 | 0.5526981701107782 | 0.9651662671225367 |
| 2024-01-01 | 0.7882865502662664 | 0.5366128606540053 | 0.954020587456694 |
| 2024-04-01 | 0.7438213127457419 | 0.5896421172110986 | 0.9077309642129754 |
| 2024-07-01 | 0.7361983182041832 | 0.6662894573444891 | 0.8696958735390729 |
| 2024-10-01 | 0.7142945354528507 | 0.6813888968012827 | 0.8323740496687217 |
| 2025-01-01 | 0.6981256597292208 | 0.6874403941539913 | 0.7883574466809123 |
| 2025-04-01 | 0.7726967097414258 | 0.7884099917418945 | 0.9322337088064249 |
| 2025-07-01 | 0.8359865590669426 | 0.908460312272307 | 0.978238459080049 |
| 2025-10-01 | 0.8991458948802735 | 0.9563203505171607 | 1.0929060078201194 |
| 2026-01-01 | 0.8938844392615558 | 0.9569658970361864 | 1.12563966189776 |