Turkey's 10 largest banks reached an asset size of 25.2 trillion lira by the end of the third quarter.

In the January-September period, the total assets of the 10 largest banks increased by 30.2% compared to the end of 2023, reaching 25 trillion 213.7 billion lira.

The balance sheets of banks with a significant share in the financial architecture for the third quarter of the year have been announced. According to the non-consolidated financial statements of the banks, the total assets of Turkey's largest 10 banks reached 25 trillion 213.7 billion lira, an increase of 30.2% compared to the end of 2023.

ZIRAAT AGAIN THE LARGEST

NET PROFIT OF THE 10 LARGE BANKS NEARLY 331.5 BILLION LIRA

The changing monetary policy and tightening financial conditions significantly affected the net profit of the banks. In the January-September period, Garanti BBVA achieved the highest net profit of 66.9 billion lira, increasing its profit by 16.3% compared to the same period in 2023.

Ziraat Bank was second with 50.3 billion lira, Türkiye İş Bankası third with 34.6 billion lira, DenizBank fourth with 33.8 billion lira, and Akbank fifth with 33.1 billion lira. In terms of profitability, these banks were followed by QNB and VakıfBank with 27.2 billion lira, Kuveyt Türk with 24.4 billion lira, Yapı Kredi with 22.4 billion lira, and Halkbank with 11.2 billion lira. Thus, the net profit of the 10 largest banks reached 331 billion 466 million lira.

PROFITABILITY PEAKS AT VAKIFBANK

When looking at annual net profit changes, the bank that increased its profit the most was VakıfBank with 81.1%. DenizBank followed with 52.7%. Kuveyt Türk increased its net profit by 42.7%, Halkbank by 39.3%, Garanti BBVA by 16.3%, and QNB by 10.5%. During this period, the banks that saw a decline in net profit were Yapı Kredi with a decrease of 54%, Akbank with 35.6%, Türkiye İş Bankası with 33.4%, and Ziraat Bankası with 8.6%.

THE EQUITY OF THE 10 BANKS EXCEEDS 2 TRILLION LIRA

According to BDDK data, in September, the total equity of banks in Turkey reached 2 trillion 643 billion lira. The total equity of the 10 largest banks increased by 18.7% compared to the end of 2023, reaching 2 trillion 80 billion lira.

In terms of equity size, Ziraat Bank ranked first with 408.8 billion lira, followed by Garanti BBVA with 302.6 billion lira, Türkiye İş Bankası with 290.5 billion lira, Akbank with 230.9 billion lira, VakıfBank with 201.1 billion lira, Yapı Kredi with 190 billion lira, Halkbank with 137.9 billion lira, DenizBank with 137.8 billion lira, QNB with 107.7 billion lira, and Kuveyt Türk Participation Bank with 72.1 billion lira.

During this period, the banks that increased their equity the most were DenizBank with 53.4%, Kuveyt Türk with 50.4%, and QNB with 32.1%.

TOTAL DEPOSITS EXCEED 16.8 TRILLION LIRA

Deposits, which are the largest funding source for banks, increased by 21.9% compared to the end of 2023, reaching 16 trillion 831.7 billion lira for the 10 largest banks.

In the deposit ranking, public banks occupied the top three positions. Ziraat Bank maintained its leadership in this area with 3.5 trillion lira in deposits, followed by Halkbank with 2.33 trillion lira in second place and VakıfBank with 2.3 trillion lira in third place.

Compared to the end of 2023, the banks with the highest increase in deposit volume were QNB with 29.6%, Garanti BBVA with 25.4%, and Halkbank with 24.6%.

13.2 TRILLION LIRA CASH LOAN SUPPORT FROM 10 LARGE BANKS

The total cash loan support of the relevant 10 banks increased by 30.1% compared to the end of 2023, reaching 13 trillion 235 billion lira. The bank with the highest loan support was Ziraat Bank with 2.5 trillion lira. The increase in the bank's loan stock was recorded as 30.6%.

Following Ziraat Bank, the banks with the highest cash loan stock were VakıfBank with 1.8 trillion lira, Türkiye İş Bankası with 1.5 trillion lira, Halkbank with 1.44 trillion lira, Garanti BBVA with 1.43 trillion lira, Yapı Kredi and Akbank with 1.2 trillion lira, QNB with 830.3 billion lira, DenizBank with 693.6 billion lira, and Kuveyt Türk with 372 billion lira.

When examining the increase rate in loan stock over the 9 months of the year on an annual basis, the top three were QNB with 38.8%, DenizBank with 38.6%, and Akbank with 38.4%.

PUBLIC BANKS AT THE TOP IN TL LOANS

In TL loans, the top three were Ziraat Bank, VakıfBank, and Halkbank, while in foreign currency loans, the ranking was Ziraat Bank with 928 billion lira, VakıfBank with 674.9 billion lira, and Türkiye İş Bankası with 576 billion lira.

At the end of the 9 months, the loan stock of public banks reached 5.9 trillion lira, while that of private banks reached 7.3 trillion lira. Thus, public banks accounted for 44.6% of the total loan stock of the 10 largest banks, while private banks accounted for 55.4%.