CarthagoTurkish banking dataStandardized per-bank financials from quarterly BRSA reports
14th of 37 — upper half, 6.9pp over the target.
Cleaner than the median — 0.27pp below it. The worst book in the field runs 11.3%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 6.0% q/q | 25.2% | 18.9% | −6.30pp |
| NPL ratio | 2.43% | 2.23% | −0.20pp |
| ROE (TTM) | 29.1% | 26.6% | −2.5pp |
Capital step-down. CAR fell 6.3pp in a quarter to 18.9% — a 6.9pp buffer over the 12% target ratio, 14th of 37, while the balance sheet grew 6.0% q/q.
Deposit-light — still funded by its own capital. Deposits cover 9% of the balance sheet.
| Assets per branch | — | branch count not filed |
| Assets per employee | ₺1682mn | 206 staff |
| Leverage | 7.5× |
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.
21 items20th of 35 — 1.1pp under the median and 4.1pp under inflation.
16th of 35. 0.45pp over the median margin.
3rd of 35 — top quartile. 26.7pp better than the median: scale is earning its keep.
Real returns. ROE 26.6% against 32.1% 12-month-average CPI: equity compounds a 5.4pp real loss.roe − cpi_12m_avg < 0
Liquidity clear. LCR 399% — funding is not a constraint this quarter.lcr < 120 OR ldr > 100 → would fire; neither did
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: 8.03 at the start, 9.56 at the end, ranging 8.03 to 11.58. Deposit cost: no values. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 8.025712277672175 | |
| 2023-04-01 | 9.264000944621342 | |
| 2023-07-01 | 9.908052426927881 | |
| 2023-10-01 | 10.841040036179315 | |
| 2024-01-01 | 11.576081650310861 | |
| 2024-04-01 | 11.19242473271213 | |
| 2024-07-01 | 11.465310613730614 | |
| 2024-10-01 | 11.135289573196866 | |
| 2025-01-01 | 10.796823868154029 | |
| 2025-04-01 | 10.952097244873757 | |
| 2025-07-01 | 10.4986453960057 | |
| 2025-10-01 | 10.237782894036492 | |
| 2026-01-01 | 9.561895840866457 |
| assets ÷ equity |
| Stage 1 — performing | ₺233bn | 91.5% · 0.5% cover |
| Stage 2 — watchlist | ₺16.0bn | 6.3% · 33.3% cover |
| Stage 3 — NPL | ₺5.7bn | 2.2% · 74.1% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 0.73 at the start, 0.72 at the end, ranging 0.72 to 0.8. Loans: 0.94 at the start, 0.96 at the end, ranging 0.94 to 1.07. Deposits: 0. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 0.7303075841317237 | 0.943644048502378 | 0 |
| 2023-04-01 | 0.7863813710759048 | 1.0688833892352585 | 0 |
| 2023-07-01 | 0.7963272271207569 | 1.0357843956529995 | 0 |
| 2023-10-01 | 0.7686856940774947 | 1.06121167100055 | 0 |
| 2024-01-01 | 0.7856743769618263 | 1.0591120572179116 | 0 |
| 2024-04-01 | 0.756606176219494 | 1.032224300329645 | 0 |
| 2024-07-01 | 0.7413299091106371 | 1.0473894797458396 | 0 |
| 2024-10-01 | 0.7253302905069341 | 0.9786790256235557 | 0 |
| 2025-01-01 | 0.7380293738245773 | 1.0206389086604346 | 0 |
| 2025-04-01 | 0.7428767868710622 | 0.9953326873224912 | 0 |
| 2025-07-01 | 0.7208905478796834 | 0.9634753030970571 | 0 |
| 2025-10-01 | 0.7163370605061498 | 0.9565007413895953 | 0 |
| 2026-01-01 | 0.7185539683354215 | 0.9627871092730614 | 0 |