CarthagoTurkish banking data
VakıfBankStandardized per-bank financials from quarterly BRSA reports
20th of 23. One of the field's thinnest buffers — 2.1pp over the 12% target ratio.
0.45pp above the median. The worst book in the field runs 6.7%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 3.0% q/q | 16.7% | 14.1% | −2.66pp |
| Loan–deposit spread | 1.45% | 1.62% | +0.17pp |
| NPL ratio8 consecutive rises | 2.90% | 3.12% | +0.22pp |
| ROE (TTM) | 27.3% | 23.3% | −4.0pp |
Funded by depositors, not markets. Deposits cover 61% of the balance sheet.
| Loan / deposit — TL+FC | 94% | self-funded · audited, quarterly |
| Assets per branch | ₺5.7bn |
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.
23 items13th of 21 — 1.2pp under the median and 6.6pp under inflation.
18th of 21. 2.20pp under the median margin.
8th of 21 — upper half, 9.2pp better than the median.
Capital step-down. CAR fell 2.7pp in a quarter to 14.1% — a 2.1pp buffer over the 12% target ratio, 34th of 37, while the balance sheet grew 3.0% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE 23.3% against 32.1% 12-month-average CPI: equity compounds a 8.8pp real loss.roe − cpi_12m_avg < 0
NPL drift. 8 consecutive quarterly rises, to 3.12%. Level and direction are both adverse. Stage-2 — the pre-NPL watchlist — sits at 9.9% of the book.consecutive_rise(npl) ≥ 4q
Liquidity clear. LCR 167% and TL+FC loan/deposit 94% — 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: 11.37 at the start, 25.55 at the end, ranging 11.37 to 27.42. Deposit cost: 8.47 at the start, 23.94 at the end, ranging 8.47 to 26.63. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 11.368541707737858 | 8.46588651763941 |
| 2023-04-01 | 11.508836234957824 | 10.066498937417593 |
| 2023-07-01 | 12.689701740071888 | 12.099042911643048 |
| 2023-10-01 | 15.818777042475526 | 15.118923849666151 |
| 2024-01-01 | 19.284120972852538 | 18.21168062192056 |
| 2024-04-01 | 22.89695330981886 | 21.320789964797854 |
| 2024-07-01 | 25.83225142771765 | 23.6996757059067 |
| 2024-10-01 | 27.056157239240104 | 25.361398974686296 |
| 2025-01-01 | 27.42065914947612 | 26.628499930496965 |
| 2025-04-01 | 27.293261022429622 | 26.503963681221553 |
| 2025-07-01 | 26.931622783953202 | 26.15512709540354 |
| 2025-10-01 | 26.33341409687348 | 24.886717395331857 |
| 2026-01-01 | 25.5500863292995 | 23.93505490706534 |
| 972 branches |
| Assets per employee | ₺291mn | 19,073 staff |
| Leverage | 16.7× | assets ÷ equity |
| Stage 1 — performing | ₺2772bn | 87.0% · 0.5% cover |
| Stage 2 — watchlist | ₺315bn | 9.9% · 11.2% cover |
| Stage 3 — NPL | ₺99.4bn | 3.1% · 63.3% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 11.76 at the start, 11.51 at the end, ranging 11.51 to 12.61. Loans: 12.5 at the start, 12.04 at the end, ranging 11.86 to 12.6. Deposits: 12.09 at the start, 11.59 at the end, ranging 11.33 to 12.68. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 11.76015381416868 | 12.496105672597382 | 12.085874296183889 |
| 2023-04-01 | 11.72818052110951 | 12.43080180487203 | 11.331976519208164 |
| 2023-07-01 | 11.892447906079433 | 12.603384696641754 | 12.132461126865316 |
| 2023-10-01 | 12.153344560070346 | 12.430872222942245 | 12.498113356213807 |
| 2024-01-01 | 11.96684915677599 | 11.98972738937976 | 12.15009084348361 |
| 2024-04-01 | 11.822861460052854 | 11.860978795633288 | 12.202947919541906 |
| 2024-07-01 | 11.973857922528985 | 11.883643961208792 | 12.112729629595975 |
| 2024-10-01 | 12.613080022506798 | 12.062916564180101 | 12.675092574164207 |
| 2025-01-01 | 11.901511693170622 | 12.304362748730636 | 11.872774077038523 |
| 2025-04-01 | 11.796807535015436 | 12.130831612001234 | 12.112543593969352 |
| 2025-07-01 | 11.785802524428005 | 12.168014262221448 | 12.025825098207815 |
| 2025-10-01 | 11.816166420247546 | 12.275389770771797 | 12.134613902595191 |
| 2026-01-01 | 11.513147431974856 | 12.03700474774529 | 11.592994766420922 |