CarthagoTurkish banking data
HalkbankStandardized per-bank financials from quarterly BRSA reports
22nd of 23. One of the field's thinnest buffers — 1.4pp over the 12% target ratio.
1.54pp above the median. The worst book in the field runs 6.7%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 3.3% q/q | 16.2% | 13.4% | −2.77pp |
| Loan–deposit spread | 8.21% | 8.43% | +0.22pp |
| NPL ratio8 consecutive rises | 3.96% | 4.21% | +0.25pp |
| ROE (TTM) | 15.2% | 15.3% | +0.1pp |
Funded by depositors, not markets. Deposits cover 76% of the balance sheet.
| Loan / deposit — TL+FC | 65% | self-funded · audited, quarterly |
| Assets per branch | ₺4.0bn |
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.
28 items18th of 21 — 9.3pp under the median and 12.7pp under inflation.
20th of 21. 3.17pp under the median margin.
17th of 21 — bottom quartile, 12.2pp worse than the median.
Capital step-down. CAR fell 2.8pp in a quarter to 13.4% — a 1.4pp buffer over the 12% target ratio, 36th of 37, while the balance sheet grew 3.3% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE 15.3% against 32.1% 12-month-average CPI: equity compounds a 16.8pp real loss.roe − cpi_12m_avg < 0
NPL drift. 8 consecutive quarterly rises, to 4.21%. Level and direction are both adverse. Stage-2 — the pre-NPL watchlist — sits at 8.6% of the book.consecutive_rise(npl) ≥ 4q
Liquidity clear. LCR 175% and TL+FC loan/deposit 65% — 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: 12.61 at the start, 31.57 at the end, ranging 12.61 to 32.69. Deposit cost: 8.81 at the start, 23.14 at the end, ranging 8.81 to 26.34. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 12.611343833324176 | 8.80785788908083 |
| 2023-04-01 | 12.692906262125694 | 10.3529953571993 |
| 2023-07-01 | 13.880574616593478 | 12.534612656029873 |
| 2023-10-01 | 16.98710909074965 | 15.921267697190359 |
| 2024-01-01 | 20.742121719055724 | 18.898205780748693 |
| 2024-04-01 | 25.064796552397834 | 21.90524410399307 |
| 2024-07-01 | 29.087772943030004 | 24.235609724369173 |
| 2024-10-01 | 31.679708047315607 | 26.030310870330293 |
| 2025-01-01 | 32.53443760110062 | 26.34402279100324 |
| 2025-04-01 | 32.38867027820868 | 26.061656117022686 |
| 2025-07-01 | 32.685901028583096 | 25.24651600256552 |
| 2025-10-01 | 32.09484205864293 | 23.888570538427253 |
| 2026-01-01 | 31.56952705006705 | 23.144347849363776 |
| 1,112 branches |
| Leverage | 19.6× | assets ÷ equity |
| Stage 1 — performing | ₺1896bn | 87.2% · 0.6% cover |
| Stage 2 — watchlist | ₺188bn | 8.6% · 6.8% cover |
| Stage 3 — NPL | ₺91.6bn | 4.2% · 49.7% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 10.47 at the start, 9.2 at the end, ranging 9.12 to 10.67. Loans: 11.31 at the start, 8.22 at the end, ranging 8.07 to 11.68. Deposits: 12.25 at the start, 11.48 at the end, ranging 11.48 to 12.65. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 10.47056080583944 | 11.3052792291932 | 12.246605005120495 |
| 2023-04-01 | 10.455470483848353 | 11.678619113066171 | 12.27994650124965 |
| 2023-07-01 | 10.674423996710036 | 11.23263684104449 | 12.6466615991508 |
| 2023-10-01 | 9.540067336116554 | 10.39685267794844 | 11.931660008250068 |
| 2024-01-01 | 9.548958145810234 | 9.768072453467594 | 11.972586041594358 |
| 2024-04-01 | 9.535113296571188 | 9.366856445237588 | 12.255387536300757 |
| 2024-07-01 | 9.647826786606863 | 9.097839534561079 | 12.266182387039335 |
| 2024-10-01 | 9.435144055357569 | 8.617653222254937 | 11.89577597507964 |
| 2025-01-01 | 9.118668378469247 | 8.311982566670247 | 11.829645393217971 |
| 2025-04-01 | 9.452635952122984 | 8.121871453658745 | 12.310130912802814 |
| 2025-07-01 | 9.507789476683802 | 8.068924658502592 | 12.163867198171983 |
| 2025-10-01 | 9.413787724994457 | 8.12543613007486 | 12.268036233648903 |
| 2026-01-01 | 9.195445262011924 | 8.218936027887128 | 11.481615343660124 |