CarthagoTurkish banking data
Ziraat BankasıStandardized per-bank financials from quarterly BRSA reports
15th of 23. One of the field's thinnest buffers — 3.3pp over the 12% target ratio.
Cleaner than the median — 0.94pp below it. The worst book in the field runs 6.7%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 2.8% q/q | 18.6% | 15.3% | −3.36pp |
| Loan–deposit spread | 6.06% | 6.38% | +0.32pp |
| NPL ratio4 consecutive rises | 1.65% | 1.73% | +0.07pp |
| ROE (TTM) | 27.6% | 27.0% | −0.6pp |
Funded by depositors, not markets. Deposits cover 62% of the balance sheet.
| Loan / deposit — TL+FC | 86% | self-funded · audited, quarterly |
| Assets per branch | ₺4.9bn |
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.
5 items10th of 21 — 2.4pp over the median and 3.9pp under inflation.
13th of 21. 0.92pp under the median margin.
2nd of 21 — top quartile. 18.9pp better than the median: scale is earning its keep.
Capital step-down. CAR fell 3.4pp in a quarter to 15.3% — a 3.3pp buffer over the 12% target ratio, 27th of 37, while the balance sheet grew 2.8% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE 27.0% against 32.1% 12-month-average CPI: equity compounds a 5.1pp real loss.roe − cpi_12m_avg < 0
NPL drift. 4 consecutive quarterly rises, to 1.73%. The level is still better than the field median; the direction is the signal. Stage-2 — the pre-NPL watchlist — sits at 7.7% of the book.consecutive_rise(npl) ≥ 4q
Liquidity clear. LCR 176% and TL+FC loan/deposit 86% — 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: 11.98 at the start, 25.56 at the end, ranging 11.98 to 26.07. Deposit cost: 6.12 at the start, 19.18 at the end, ranging 6.12 to 21.15. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 11.977832383081262 | 6.116007931976028 |
| 2023-04-01 | 12.007114815810883 | 6.9925318600866175 |
| 2023-07-01 | 13.009687038028872 | 8.612401369057286 |
| 2023-10-01 | 15.950271907535257 | 11.673068951972496 |
| 2024-01-01 | 19.068727406012787 | 14.902460732452417 |
| 2024-04-01 | 22.245155636488594 | 17.715797502466117 |
| 2024-07-01 | 24.88658713864781 | 19.852807060218698 |
| 2024-10-01 | 25.802247696672413 | 20.732432334139066 |
| 2025-01-01 | 26.009394386156178 | 21.15104857130447 |
| 2025-04-01 | 26.063918353248187 | 20.81649345757167 |
| 2025-07-01 | 26.071791080854673 | 20.39598421863754 |
| 2025-10-01 | 25.795912395526045 | 19.733772116632096 |
| 2026-01-01 | 25.560935615838098 | 19.181533422061577 |
| 1,770 branches |
| Assets per employee | ₺283mn | 30,762 staff |
| Leverage | 11.8× | assets ÷ equity |
| Stage 1 — performing | ₺4161bn | 90.6% · 0.3% cover |
| Stage 2 — watchlist | ₺355bn | 7.7% · 15.9% cover |
| Stage 3 — NPL | ₺79.3bn | 1.7% · 60.0% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 17.02 at the start, 18.07 at the end, ranging 16.15 to 18.65. Loans: 16.26 at the start, 17.36 at the end, ranging 16.04 to 17.4. Deposits: 18.52 at the start, 18.29 at the end, ranging 17.86 to 19.02. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 17.01745546187088 | 16.264027408309886 | 18.51996715931143 |
| 2023-04-01 | 16.19145763098167 | 16.66604610306292 | 17.85532366544799 |
| 2023-07-01 | 16.332788942408893 | 16.813213162812225 | 18.41949464184075 |
| 2023-10-01 | 16.51534888376655 | 16.13334892053018 | 18.700544263794153 |
| 2024-01-01 | 16.147482456034997 | 16.208668912243766 | 18.11602149843124 |
| 2024-04-01 | 16.609417140527103 | 16.038411052545275 | 18.394922359269064 |
| 2024-07-01 | 16.603531742538063 | 16.20339228449205 | 18.5250217014623 |
| 2024-10-01 | 16.88919730237626 | 16.898050489064573 | 18.777786883274615 |
| 2025-01-01 | 17.64871692064872 | 17.071949503879694 | 18.39086069317352 |
| 2025-04-01 | 17.97058253405789 | 17.324675447554778 | 18.684282353970406 |
| 2025-07-01 | 18.654571656348377 | 17.395356791524772 | 19.018942899603143 |
| 2025-10-01 | 18.582870018596385 | 17.276481050792516 | 19.01672196966671 |
| 2026-01-01 | 18.073050374388544 | 17.356614576712047 | 18.29259781820841 |