CarthagoTurkish banking data
Vakıf KatılımStandardized per-bank financials from quarterly BRSA reports
3rd of 9 — upper half, 7.7pp over the target.
1.49pp above the median. The worst book in the field runs 11.3%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 13.4% q/q | 25.1% | 19.7% | −5.43pp |
| Loan–deposit spread | 9.10% | 9.74% | +0.64pp |
| NPL ratio | 4.03% | 4.48% | +0.45pp |
| ROE (TTM) | 19.0% | 21.1% | +2.0pp |
Funded by depositors, not markets. Deposits cover 69% of the balance sheet.
| Loan / deposit — TL+FC | 54% | self-funded · audited, quarterly |
| Assets per branch | ₺4.1bn | 219 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.
4 items7th of 9 — 7.2pp under the median and 8.3pp under inflation.
8th of 9. 0.84pp under the median margin.
5th of 9 — lower half, 0.0pp worse than the median.
Capital step-down. CAR fell 5.4pp in a quarter to 19.7% — a 7.7pp buffer over the 12% target ratio, 11th of 37, while the balance sheet grew 13.4% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE 21.1% against 32.1% 12-month-average CPI: equity compounds a 11.0pp real loss.roe − cpi_12m_avg < 0
Liquidity clear. LCR 155% and TL+FC loan/deposit 54% — 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: 14.67 at the start, 26.56 at the end, ranging 14.67 to 27.87. Deposit cost: 6.49 at the start, 16.82 at the end, ranging 6.49 to 19.7. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 14.670604452159456 | 6.486539581596053 |
| 2023-04-01 | 14.88610761642884 | 6.946713292198684 |
| 2023-07-01 | 14.670231455362012 | 7.739161087371145 |
| 2023-10-01 | 16.408149348337833 | 10.296262964142404 |
| 2024-01-01 | 19.254675533943047 | 13.339700064249339 |
| 2024-04-01 | 23.04654537516428 | 16.25503812478407 |
| 2024-07-01 | 26.93207496463272 | 18.694207962554817 |
| 2024-10-01 | 27.86992327842359 | 19.592746363953733 |
| 2025-01-01 | 27.712583494051156 | 19.696928442632316 |
| 2025-04-01 | 27.57581161445877 | 19.636192476204574 |
| 2025-07-01 | 27.202035112103374 | 18.951884451014667 |
| 2025-10-01 | 26.965461152606274 | 17.862516767654338 |
| 2026-01-01 | 26.56366900740657 | 16.81932456495034 |
| ₺284mn |
| 3,135 staff |
| Leverage | 18.0× | assets ÷ equity |
| Stage 1 — performing | ₺300bn | 90.0% · 0.8% cover |
| Stage 2 — watchlist | ₺18.4bn | 5.5% · 6.1% cover |
| Stage 3 — NPL | ₺14.9bn | 4.5% · 71.3% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 1.36 at the start, 1.84 at the end, ranging 1.26 to 1.84. Loans: 1.53 at the start, 1.26 at the end, ranging 1.25 to 1.53. Deposits: 1.44 at the start, 2.1 at the end, ranging 1.31 to 2.1. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 1.3611126609129367 | 1.5331896647191197 | 1.441840786828971 |
| 2023-04-01 | 1.2660257691967711 | 1.3174662657928513 | 1.313198492722086 |
| 2023-07-01 | 1.3058371542063187 | 1.3707082937366828 | 1.4481413324432015 |
| 2023-10-01 | 1.37018530058387 | 1.4709006170357075 | 1.6194129247436118 |
| 2024-01-01 | 1.3524343017104643 | 1.4778228206089532 | 1.640035625853994 |
| 2024-04-01 | 1.2746473080635494 | 1.4416070691193539 | 1.5686288819414875 |
| 2024-07-01 | 1.3165520701132332 | 1.3050803114945533 | 1.5698223373506106 |
| 2024-10-01 | 1.2637601527445328 | 1.2497181878738002 | 1.4926388609266594 |
| 2025-01-01 | 1.3744744623604452 | 1.3275326789381945 | 1.579980602763191 |
| 2025-04-01 | 1.454989696293936 | 1.3301580428410298 | 1.6864330184555718 |
| 2025-07-01 | 1.5680588999314988 | 1.2710804578090742 | 1.8460676729496153 |
| 2025-10-01 | 1.719654504322419 | 1.2870505709468971 | 1.9862524145045757 |
| 2026-01-01 | 1.8439857832069984 | 1.2582847527718832 | 2.0979095592460255 |