CarthagoTurkish banking dataStandardized per-bank financials from quarterly BRSA reports
6th of 37 — top quartile, 11.9pp over the target.
Cleaner than the median — 2.37pp below it. The worst book in the field runs 11.3%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 2.4% q/q | 24.5% | 23.9% | −0.61pp |
| NPL ratio | 0.14% | 0.13% | −0.00pp |
| ROE (TTM) | 31.1% | 27.7% | −3.4pp |
Real returns. ROE 27.7% against 32.1% 12-month-average CPI: equity compounds a 4.4pp real loss.
Deposit-light — still funded by its own capital. Deposits cover 7% of the balance sheet.
| Assets per branch | ₺15.2bn | 1 branches |
| Assets per employee | ₺226mn | 67 staff |
| Leverage | 6.2× |
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.
1 items18th of 35 — 0.0pp over the median and 3.3pp under inflation.
18th of 35. 0.00pp over the median margin.
19th of 35 — lower half, 4.1pp worse than the median.
No deposit cost or spread: this bank takes no deposits — it funds itself in the market, so the ladder starts at what the assets earn. These rows are absent because they do not exist for this funding model, not because the figures are missing.
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Loan yield: 13.23 at the start, 21.63 at the end, ranging 12.44 to 25.94. Deposit cost: no values. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 13.232088800106492 | |
| 2023-04-01 | 13.100949979771592 | |
| 2023-07-01 | 12.440502160519836 | |
| 2023-10-01 | 12.915470658890182 | |
| 2024-01-01 | 14.671630309554933 | |
| 2024-04-01 | 16.931193465142787 | |
| 2024-07-01 | 20.48183068841045 | |
| 2024-10-01 | 23.17590854310951 | |
| 2025-01-01 | 24.984640891353862 | |
| 2025-04-01 | 25.9360279294644 | |
| 2025-07-01 | 24.929220026449002 | |
| 2025-10-01 | 23.26042441426494 | |
| 2026-01-01 | 21.63405992160697 |
| assets ÷ equity |
| Stage 1 — performing | ₺7.1bn | 97.4% · 0.1% cover |
| Stage 2 — watchlist | ₺0.2bn | 2.4% · 0.3% cover |
| Stage 3 — NPL | ₺0.0bn | 0.1% · 100.0% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 0.04 at the start, 0.03 at the end, ranging 0.03 to 0.04. Loans: 0.04 at the start, 0.03 at the end, ranging 0.03 to 0.04. Deposits: 0. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 0.04066755046936815 | 0.03941095513906978 | 0 |
| 2023-04-01 | 0.04164612167883687 | 0.0443502587567497 | 0 |
| 2023-07-01 | 0.04166293113686243 | 0.04059326081705812 | 0 |
| 2023-10-01 | 0.043066675611023925 | 0.036972109361969714 | 0 |
| 2024-01-01 | 0.040529727064363405 | 0.035805687096925436 | 0 |
| 2024-04-01 | 0.03809427225230473 | 0.03397552034842919 | 0 |
| 2024-07-01 | 0.03679222358617949 | 0.031631736079743344 | 0 |
| 2024-10-01 | 0.04050159867380905 | 0.03423815724060795 | 0 |
| 2025-01-01 | 0.03579167090269253 | 0.03133499739856583 | 0 |
| 2025-04-01 | 0.034515373000317276 | 0.029345787880302975 | 0 |
| 2025-07-01 | 0.03357493390339715 | 0.029770180695234457 | 0 |
| 2025-10-01 | 0.0324760457730272 | 0.029249302770686398 | 0 |
| 2026-01-01 | 0.03146415326542686 | 0.02769225143143475 | 0 |