CarthagoTurkish banking dataStandardized per-bank financials from quarterly BRSA reports
14th of 23. One of the field's thinnest buffers — 3.4pp over the 12% target ratio.
4.00pp above the median. The worst book in the field runs 6.7%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 13.7% q/q | 16.8% | 15.4% | −1.38pp |
| Loan–deposit spread | 6.46% | 9.78% | +3.32pp |
| NPL ratio3 consecutive rises | 6.17% | 6.67% | +0.50pp |
| ROE (TTM) | 43.8% | 47.5% | +3.7pp |
Funded by depositors, not markets. Deposits cover 79% of the balance sheet.
| Loan / deposit — TL+FC | 73% | self-funded · audited, quarterly |
| Assets per branch | — | branch count not filed |
| Assets per employee | ₺201mn | 1,415 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 footnotes1st of 21 — 22.9pp over the median and 11.7pp over inflation.
4th of 21. 3.31pp over the median margin.
3rd of 21 — top quartile. 17.7pp better than the median: scale is earning its keep.
Capital step-down. CAR fell 1.4pp in a quarter to 15.4% — a 3.4pp buffer over the 12% target ratio, 25th of 37, while the balance sheet grew 13.7% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Liquidity clear. LCR 296% and TL+FC loan/deposit 73% — funding is not a constraint this quarter.lcr < 120 OR ldr > 100 → would fire; neither did
Chart data: 2 rows, Date from 2025-10-01 to 2026-01-01. Loan yield: 22.58 at the start, 31.81 at the end, ranging 22.58 to 31.81. Deposit cost: 16.12 at the start, 22.03 at the end, ranging 16.12 to 22.03. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2025-10-01 | 22.582532493233042 | 16.119087312110693 |
| 2026-01-01 | 31.808115396079057 | 22.02538049929167 |
| 13.8× |
| assets ÷ equity |
| Stage 1 — performing | ₺136bn | 82.8% · 1.2% cover |
| Stage 2 — watchlist | ₺17.3bn | 10.6% · 9.7% cover |
| Stage 3 — NPL | ₺10.9bn | 6.7% · 76.6% cover |
Chart data: 6 rows, Date from 2024-10-01 to 2026-01-01. Assets: 0.03 at the start, 0.59 at the end, ranging 0.03 to 0.59. Loans: 0 at the start, 0.62 at the end, ranging 0 to 0.63. Deposits: 0 at the start, 0.76 at the end, ranging 0 to 0.76. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2024-10-01 | 0.030405152109689502 | 0 | 0 |
| 2025-01-01 | 0.03862904487512617 | 9.14263914939559e-8 | 0.01703175871137522 |
| 2025-04-01 | 0.03702075704039724 | 0.0000011970723600637139 | 0.01649557934084018 |
| 2025-07-01 | 0.5201103838720057 | 0.6307468306784443 | 0.7557023782929031 |
| 2025-10-01 | 0.5485589936435928 | 0.6305295165198258 | 0.722909741196861 |
| 2026-01-01 | 0.5898516435237765 | 0.6188477580869797 | 0.7620667428696727 |