CarthagoTurkish banking data
Ziraat KatılımStandardized per-bank financials from quarterly BRSA reports
5th of 9 — lower half, 6.8pp over the target.
1.52pp above the median. The worst book in the field runs 11.3%.
| Metric | Q4 2025 | Q1 2026 | Δ |
|---|---|---|---|
| Capital adequacywhile assets grew 5.2% q/q | 23.7% | 18.8% | −4.88pp |
| Loan–deposit spread | 4.71% | 5.13% | +0.42pp |
| NPL ratio9 consecutive rises | 3.67% | 4.50% | +0.84pp |
| ROE (TTM) | 23.3% | 29.2% | +5.9pp |
Funded by depositors, not markets. Deposits cover 65% of the balance sheet.
| Loan / deposit — TL+FC | 80% | self-funded · audited, quarterly |
| Assets per branch | ₺3.5bn | 233 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.
2 items4th of 9 — 0.9pp over the median and 2.2pp under inflation.
5th of 9. 0.00pp over the median margin.
4th of 9 — upper half, 4.3pp better than the median.
Capital step-down. CAR fell 4.9pp in a quarter to 18.8% — a 6.8pp buffer over the 12% target ratio, 15th of 37, while the balance sheet grew 5.2% q/q.Δcar_qoq < −1pp AND buffer < 8pp
Real returns. ROE 29.2% against 32.1% 12-month-average CPI: equity compounds a 2.9pp real loss.roe − cpi_12m_avg < 0
NPL drift. 9 consecutive quarterly rises, to 4.50%. Level and direction are both adverse. Stage-2 — the pre-NPL watchlist — sits at 8.2% of the book.consecutive_rise(npl) ≥ 4q
Liquidity clear. LCR 172% and TL+FC loan/deposit 80% — 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: 14.7 at the start, 26.41 at the end, ranging 13.94 to 26.47. Deposit cost: 9.28 at the start, 21.27 at the end, ranging 9.28 to 22.97. The full data follows as a table.
| Date | Loan yield | Deposit cost |
|---|---|---|
| 2023-01-01 | 14.701489024073158 | 9.278700683090447 |
| 2023-04-01 | 14.136556016668319 | 10.047402484156597 |
| 2023-07-01 | 13.936582048365745 | 11.603645688718613 |
| 2023-10-01 | 15.380877075350702 | 14.252887098455114 |
| 2024-01-01 | 17.986700921620827 | 17.111572549337854 |
| 2024-04-01 | 20.736869978907794 | 20.063661215266045 |
| 2024-07-01 | 23.144187643048276 | 22.05203873226262 |
| 2024-10-01 | 24.686211989369596 | 22.9680996345666 |
| 2025-01-01 | 25.278952684840128 | 22.695081451181295 |
| 2025-04-01 | 25.90822932574925 | 22.205713678541112 |
| 2025-07-01 | 26.4735401284949 | 22.253391784257058 |
| 2025-10-01 | 26.252484905633555 | 21.542668590705695 |
| 2026-01-01 | 26.408804784917354 | 21.27481327567883 |
| ₺256mn |
| 3,155 staff |
| Leverage | 25.4× | assets ÷ equity |
| Stage 1 — performing | ₺367bn | 87.3% · 0.2% cover |
| Stage 2 — watchlist | ₺34.6bn | 8.2% · 8.2% cover |
| Stage 3 — NPL | ₺19.0bn | 4.5% · 44.9% cover |
Chart data: 13 rows, Date from 2023-01-01 to 2026-01-01. Assets: 1.57 at the start, 1.68 at the end, ranging 1.42 to 1.69. Loans: 1.65 at the start, 1.59 at the end, ranging 1.43 to 1.74. Deposits: 1.9 at the start, 1.79 at the end, ranging 1.66 to 2.1. The full data follows as a table.
| Date | Assets | Loans | Deposits |
|---|---|---|---|
| 2023-01-01 | 1.569141917650389 | 1.6486836974753591 | 1.900054671796871 |
| 2023-04-01 | 1.6471825446424875 | 1.6646739536135429 | 2.07439394655231 |
| 2023-07-01 | 1.6904915867132757 | 1.7444882407985918 | 2.098618849183443 |
| 2023-10-01 | 1.669865523921114 | 1.7263130591531899 | 1.9391150124176428 |
| 2024-01-01 | 1.521460440817559 | 1.5384493827938481 | 1.8252644203417143 |
| 2024-04-01 | 1.4211869947566071 | 1.4347247510603045 | 1.7360906633430526 |
| 2024-07-01 | 1.421680718708147 | 1.4639862122298894 | 1.6557734282965055 |
| 2024-10-01 | 1.6162877219515603 | 1.5820775076740994 | 1.7863124971778332 |
| 2025-01-01 | 1.5932770825761526 | 1.6655945719379517 | 1.794054162584308 |
| 2025-04-01 | 1.6529791623940886 | 1.662366181386044 | 1.9350587172279585 |
| 2025-07-01 | 1.6744564984275507 | 1.541290538034586 | 1.8557410207126095 |
| 2025-10-01 | 1.6859663776221678 | 1.6436271616760614 | 1.8060464197696444 |
| 2026-01-01 | 1.677932294748604 | 1.5893962141938474 | 1.7877643805179082 |