CarthagoTurkish banking data
Odea BankStandardized per-bank financials from quarterly BRSA reports
23rd of 23. One of the field's thinnest buffers — 0.3pp over the 12% target ratio.
Cleaner than the median — 0.64pp below it. The worst book in the field runs 6.7%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 15.6% q/q | 16.3% | 12.3% | −3.97pp |
| Loan–deposit spread | 1.12% | 2.36% | +1.24pp |
| NPL ratio | 2.26% | 2.03% | −0.23pp |
| ROE (TTM) | -30.9% | -20.3% | +10.6pp |
Funded by depositors, not markets. Deposits cover 58% of the balance sheet.
| Loan / deposit — TL+FC | 70% | self-funded · audited, quarterly |
| Assets per branch | ₺4.1bn | 35 branches |
| Assets per employee |
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.
2 items21st of 21 — 44.8pp under the median and 39.6pp under inflation.
21st of 21. 5.72pp under the median margin.
21st of 21. Costs exceed income — 17 quarters in, the franchise is not covering itself.
Capital step-down. CAR fell 4.0pp in a quarter to 12.3% — a 0.3pp buffer over the 12% target ratio, 37th of 37, while the balance sheet grew 15.6% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE -20.3% against 32.1% 12-month-average CPI: equity compounds a 52.3pp real loss.roe − cpi_12m_avg < 0
Below break-even. Cost / income 151.5% — the bank spends ₺1.51 for every ₺1 of income. 17 quarters in, this is not a build-out cost base — the franchise is not covering itself.cost_income > 100% · build-out = filings ≤ 8q
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Loan yield: 12.44 at the start, 18.64 at the end, ranging 12.44 to 23.05. Deposit cost: 8.6 at the start, 16.28 at the end, ranging 8.6 to 20.2. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 12.439210582498136 | 8.59705917087094 |
| 2023-04-01 | 12.647387382767015 | 9.032404874486135 |
| 2023-07-01 | 13.136933796726439 | 11.077562749687123 |
| 2023-10-01 | 15.64870753502261 | 13.872906760190142 |
| 2024-01-01 | 18.61616083899351 | 16.012733949164364 |
| 2024-04-01 | 21.624358188180874 | 18.29230940319485 |
| 2024-07-01 | 23.04715429449304 | 19.57188297879613 |
| 2024-10-01 | 22.21082308743654 | 20.20100184844186 |
| 2025-01-01 | 20.324199607563095 | 19.801685404267786 |
| 2025-04-01 | 18.747359199169153 | 19.51613934880851 |
| 2025-07-01 | 17.638598587039223 | 18.511493437921462 |
| 2025-10-01 | 18.02902364047296 | 16.910871966743073 |
| 2026-01-01 | 18.64020204829232 | 16.277439428098706 |
| ₺111mn |
| 1,281 staff |
| Leverage | 14.0× | assets ÷ equity |
| Stage 1 — performing | ₺45.0bn | 78.3% · 0.2% cover |
| Stage 2 — watchlist | ₺11.3bn | 19.7% · 1.0% cover |
| Stage 3 — NPL | ₺1.2bn | 2.0% · 85.6% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 0.42 at the start, 0.29 at the end, ranging 0.24 to 0.42. Loans: 0.41 at the start, 0.22 at the end, ranging 0.19 to 0.41. Deposits: 0.46 at the start, 0.28 at the end, ranging 0.22 to 0.46. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 0.42169735181942425 | 0.41156663388775183 | 0.4630426653379433 |
| 2023-04-01 | 0.39594195145935956 | 0.3468704160277998 | 0.4586640945617778 |
| 2023-07-01 | 0.3802497097877681 | 0.3353707936006705 | 0.4305689349722216 |
| 2023-10-01 | 0.36377950299282374 | 0.3064028866478414 | 0.3709897156641497 |
| 2024-01-01 | 0.3450942688688198 | 0.2864300540506525 | 0.3450706686307775 |
| 2024-04-01 | 0.32072734746283943 | 0.2509306434564368 | 0.3299172560637709 |
| 2024-07-01 | 0.29822960343879035 | 0.22887033709408006 | 0.2841841594055471 |
| 2024-10-01 | 0.24861235685696598 | 0.1875701459269196 | 0.23985098164017385 |
| 2025-01-01 | 0.2537546933496878 | 0.19012778532396094 | 0.25754990565645314 |
| 2025-04-01 | 0.24455238444364696 | 0.1884536428643431 | 0.23818923965703664 |
| 2025-07-01 | 0.2697602014867732 | 0.1926968479000441 | 0.22411103585740869 |
| 2025-10-01 | 0.2696441552934466 | 0.2156222093892101 | 0.24822060071939323 |
| 2026-01-01 | 0.2947780072759852 | 0.21735991676540153 | 0.28062723160424113 |