CarthagoTurkish banking data
Garanti BBVAStandardized per-bank financials from quarterly BRSA reports
8th of 23 — upper half, 6.8pp over the target.
1.02pp above the median. The worst book in the field runs 6.7%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 5.1% q/q | 21.9% | 18.8% | −3.09pp |
| Loan–deposit spread | 5.62% | 6.33% | +0.71pp |
| NPL ratio8 consecutive rises | 3.52% | 3.69% | +0.17pp |
| ROE (TTM) | 29.1% | 29.3% | +0.2pp |
Funded by depositors, not markets. Deposits cover 67% of the balance sheet.
| Loan / deposit — TL+FC | 90% | self-funded · audited, quarterly |
| Assets per branch | ₺5.1bn |
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.
38 items9th of 21 — 4.8pp over the median and 2.1pp under inflation.
11th of 21. 0.00pp over the median margin.
9th of 21 — upper half, 7.5pp better than the median.
Capital step-down. CAR fell 3.1pp in a quarter to 18.8% — a 6.8pp buffer over the 12% target ratio, 16th of 37, while the balance sheet grew 5.1% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE 29.3% against 32.1% 12-month-average CPI: equity compounds a 2.7pp real loss.roe − cpi_12m_avg < 0
NPL drift. 8 consecutive quarterly rises, to 3.69%. Level and direction are both adverse. Stage-2 — the pre-NPL watchlist — sits at 12.4% of the book.consecutive_rise(npl) ≥ 4q
Liquidity clear. LCR 145% and TL+FC loan/deposit 90% — 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: 14.77 at the start, 26.72 at the end, ranging 14.77 to 28.54. Deposit cost: 5.68 at the start, 20.39 at the end, ranging 5.68 to 23.24. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 14.772268915619795 | 5.681295104209177 |
| 2023-04-01 | 14.78856425188325 | 6.671961364648854 |
| 2023-07-01 | 15.22861717875042 | 8.458224546639382 |
| 2023-10-01 | 17.431493954851852 | 11.480606177950902 |
| 2024-01-01 | 20.306787240101666 | 14.79951551684771 |
| 2024-04-01 | 23.50832228596991 | 17.53988187852336 |
| 2024-07-01 | 26.415981978557717 | 20.834765011659925 |
| 2024-10-01 | 27.948366150589514 | 22.61974260110866 |
| 2025-01-01 | 28.534569755430567 | 22.93786654292518 |
| 2025-04-01 | 28.54126053740824 | 23.23947199942287 |
| 2025-07-01 | 28.10594351057807 | 22.854266576990998 |
| 2025-10-01 | 27.407535774875647 | 21.783537531966267 |
| 2026-01-01 | 26.723987557779 | 20.39071496065785 |
| 794 branches |
| Leverage | 8.9× | assets ÷ equity |
| Stage 1 — performing | ₺2045bn | 83.9% · 0.4% cover |
| Stage 2 — watchlist | ₺302bn | 12.4% · 7.4% cover |
| Stage 3 — NPL | ₺89.9bn | 3.7% · 62.9% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 8.46 at the start, 8.33 at the end, ranging 8.18 to 8.95. Loans: 8.32 at the start, 9.21 at the end, ranging 8.32 to 9.3. Deposits: 8.77 at the start, 9.23 at the end, ranging 8.77 to 9.92. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 8.464444494174755 | 8.32320170925795 | 8.771999787546129 |
| 2023-04-01 | 8.951938744539854 | 8.513033047352016 | 9.856380610876778 |
| 2023-07-01 | 8.463947588754667 | 8.675669883311622 | 8.928649757541027 |
| 2023-10-01 | 8.387449487944084 | 8.724136713450918 | 8.815392827528337 |
| 2024-01-01 | 8.560811076529026 | 8.997162263743126 | 9.135072711169858 |
| 2024-04-01 | 8.447106439466042 | 8.965770915500677 | 9.080997022028942 |
| 2024-07-01 | 8.374851637435324 | 9.042931657833007 | 9.121763179854865 |
| 2024-10-01 | 8.178763789760499 | 9.209163146970017 | 9.096928066638046 |
| 2025-01-01 | 8.62133918537581 | 9.172874400242966 | 9.915431973004594 |
| 2025-04-01 | 8.406366525057429 | 9.187335041989995 | 9.180192214228255 |
| 2025-07-01 | 8.257101358261465 | 9.264699419974447 | 8.985402084211556 |
| 2025-10-01 | 8.379075281919643 | 9.297298451514829 | 9.018670705421815 |
| 2026-01-01 | 8.332465298738276 | 9.205449915225158 | 9.23008342661179 |