CarthagoTurkish banking data
TEBStandardized per-bank financials from quarterly BRSA reports
11th of 23 — upper half, 4.4pp over the target.
0.00pp above the median. The worst book in the field runs 6.7%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 4.0% q/q | 18.8% | 16.4% | −2.38pp |
| Loan–deposit spread | 5.33% | 5.87% | +0.54pp |
| NPL ratio7 consecutive rises | 2.45% | 2.67% | +0.22pp |
| ROE (TTM) | 28.2% | 30.2% | +2.0pp |
Funded by depositors, not markets. Deposits cover 65% of the balance sheet.
| Loan / deposit — TL+FC | 93% | self-funded · audited, quarterly |
| Assets per branch | ₺1.9bn |
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 items8th of 21 — 5.7pp over the median and 1.4pp under inflation.
7th of 21. 0.78pp over the median margin.
13th of 21 — lower half, 1.7pp worse than the median.
Capital step-down. CAR fell 2.4pp in a quarter to 16.4% — a 4.4pp buffer over the 12% target ratio, 21st of 37, while the balance sheet grew 4.0% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE 30.2% against 32.1% 12-month-average CPI: equity compounds a 1.9pp real loss.roe − cpi_12m_avg < 0
NPL drift. 7 consecutive quarterly rises, to 2.67%. Level and direction are both adverse. Stage-2 — the pre-NPL watchlist — sits at 11.1% of the book.consecutive_rise(npl) ≥ 4q
Liquidity clear. LCR 136% and TL+FC loan/deposit 93% — 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: 16.67 at the start, 29.63 at the end, ranging 16.43 to 31.9. Deposit cost: 8.54 at the start, 23.76 at the end, ranging 8.54 to 26.98. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 16.672654724539974 | 8.53649159716346 |
| 2023-04-01 | 16.43428978032659 | 9.456515370262077 |
| 2023-07-01 | 17.062410679678973 | 10.62163484661496 |
| 2023-10-01 | 19.755974133818043 | 13.30838321011858 |
| 2024-01-01 | 23.65197163328509 | 16.150438522622554 |
| 2024-04-01 | 27.6273946065361 | 19.991870629410506 |
| 2024-07-01 | 30.60770899627736 | 23.94229433826429 |
| 2024-10-01 | 31.900676410814103 | 25.83636674500149 |
| 2025-01-01 | 31.631764802121264 | 26.89483218105056 |
| 2025-04-01 | 31.424021614670632 | 26.980293795668643 |
| 2025-07-01 | 31.013864515040463 | 26.29303597118816 |
| 2025-10-01 | 30.542177101401467 | 25.210940091968265 |
| 2026-01-01 | 29.631784745983786 | 23.75961949954107 |
| 426 branches |
| Assets per employee | ₺96mn | 8,283 staff |
| Leverage | 12.6× | assets ÷ equity |
| Stage 1 — performing | ₺417bn | 86.2% · 0.4% cover |
| Stage 2 — watchlist | ₺53.9bn | 11.1% · 7.2% cover |
| Stage 3 — NPL | ₺12.9bn | 2.7% · 71.4% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 1.8 at the start, 1.66 at the end, ranging 1.66 to 1.96. Loans: 1.75 at the start, 1.83 at the end, ranging 1.61 to 2.01. Deposits: 1.91 at the start, 1.78 at the end, ranging 1.75 to 2.14. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 1.7979653886249072 | 1.74585999715051 | 1.908518237858305 |
| 2023-04-01 | 1.7854932209973342 | 1.6140708903180492 | 1.8985643364383062 |
| 2023-07-01 | 1.7240347445434425 | 1.6552814429042508 | 1.7485620349421367 |
| 2023-10-01 | 1.7683496705434658 | 1.7174904880906987 | 1.8140770072352628 |
| 2024-01-01 | 1.796070847591778 | 1.827285358891604 | 1.8911002100904282 |
| 2024-04-01 | 1.8210798676876792 | 1.965372517035994 | 1.950335856097964 |
| 2024-07-01 | 1.9071828062266154 | 2.0053669915883208 | 2.021960569605144 |
| 2024-10-01 | 1.9176648685204407 | 1.9611522467108726 | 2.025837789628236 |
| 2025-01-01 | 1.9555665862195422 | 1.998859956782738 | 2.1441797747147655 |
| 2025-04-01 | 1.9113164136235883 | 1.969419729552125 | 2.032568632160765 |
| 2025-07-01 | 1.7682790679837943 | 1.906306581696498 | 1.9207102998634054 |
| 2025-10-01 | 1.6849645815661052 | 1.8147693844234851 | 1.794867880127854 |
| 2026-01-01 | 1.6579468983684218 | 1.8290237356238253 | 1.7756381572636981 |