In the January-September period, the asset size of the 10 largest banks increased by 30.2 percent compared to the end of 2023, reaching 25 trillion 213.7 billion liras.
The balance sheets of banks that have a large share in the financial architecture for the third quarter of the year have been announced.
According to the information compiled by the AA correspondent from the banks’ unconsolidated financial statements, the asset size of Turkey’s 10 largest banks at the end of 9 months increased by 30.2 percent compared to the end of 2023 and reached 25 trillion 213.7 billion lira.
According to the data of the Banking Regulation and Supervision Agency (BDDK), the total asset size of the banking sector was 30 trillion 518 billion 692 million lira in September, while 10 large banks constituted 82.6 percent of the sector.
While Ziraat Bank maintains its position as Turkey’s largest bank with an asset size of 4 trillion 948 billion liras, the bank’s asset size increased by 30.2 percent compared to last year.
The asset size of VakıfBank, which ranked second, increased by 27.6 percent and reached 3.5 trillion liras. While Türkiye İş Bankası ranked third in the asset size ranking with 3.1 trillion liras, it also maintained its title as the bank with the highest asset size among private banks.
Halkbank ranked fourth with its asset size of 2.8 trillion liras, and increased its asset size by 31 percent in the 9-month period.
Halkbank is followed by Garanti BBVA with 2.4 trillion liras, Yapı Kredi with 2.3 trillion liras, Akbank with 2.2 trillion liras, QNB with 1.36 trillion liras, DenizBank with 1.32 trillion liras and Kuveyt Türk Katılım with 825.6 billion liras. The bank followed.
During this period, the bank that increased its asset size the most was QNB with 38 percent.
NET PROFIT OF THE 10 BIG BANKS APPROACHED 331.5 BILLION LIRA
Changing monetary policy and tightening financial conditions also significantly affected banks’ net profits. While Garanti BBVA achieved the highest net profit in the January-September period with 66.9 billion lira, it increased its profit by 16.3 percent compared to the same period in 2023.
Ziraat Bank ranked second with 50.3 billion liras, Türkiye İş Bankası ranked third with 34.6 billion liras, DenizBank ranked fourth with 33.8 billion liras, and Akbank ranked fifth with 33.1 billion liras.
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.
Looking at the annual net profit changes, the bank that increased its profit the most was VakıfBank with 81.1 percent. VakıfBank was followed by DenizBank with 52.7 percent.
Kuveyt Türk increased its net profit by 42.7 percent, Halkbank by 39.3 percent, Garanti BBVA by 16.3 percent and QNB by 10.5 percent.
The banks whose net profit decreased in the said period were Yapı Kredi with 54 percent, Akbank with 35.6 percent, Türkiye İş Bankası with 33.4 percent and Ziraat Bank with 8.6 percent, respectively.
EQUITY OF 10 BANKS EXCEEDED 2 TRILLION LIRAS
According to BRSA data, the total equity capital of banks in Turkey was 2 trillion 643 billion liras in September. The total equity capital of the 10 largest banks increased by 18.7 percent compared to the end of 2023, reaching 2 trillion 80 billion liras.
According to equity size, Ziraat Bank ranks first with 408.8 billion liras, followed by Garanti BBVA with 302.6 billion liras, Türkiye İş Bankası with 290.5 billion liras, Akbank with 230.9 billion liras, and Akbank with 201.1 billion liras. with VakıfBank, Yapı Kredi with 190 billion lira, Halkbank with 137.9 billion lira, It was followed by DenizBank with 137.8 billion lira, QNB with 107.7 billion lira, and Kuveyt Türk Katılım Bankası with 72.1 billion lira.
During this period, the banks that increased their equity capital the most were DenizBank with 53.4 percent, Kuveyt Türk with 50.4 percent and QNB with 32.1 percent, respectively.
TOTAL DEPOSITS EXCEEDED 16.8 TRILLION LIRA
Deposits, which are the largest source of funds for banks, increased by 21.9 percent compared to the end of 2023 for 10 large banks, reaching 16 trillion 831.7 billion liras.
In the deposit rankings, public banks closed the first three places. While Ziraat Bank maintained its leadership in this field with deposits of 3.5 trillion liras, Halkbank ranked second with 2.33 trillion liras and VakıfBank ranked third with 2.3 trillion liras.
The banks with the highest increase in deposit volume compared to the end of 2023 were QNB with 29.6 percent, Garanti BBVA with 25.4 percent and Halkbank with 24.6 percent.
13.2 TRILLION LIRAS CASH CREDIT SUPPORT FROM 10 BIG BANKS
The total cash loan support of the 10 relevant banks increased by 30.1 percent compared to the end of 2023, reaching 13 trillion 235 billion liras. The bank with the highest credit support was Ziraat Bank with 2.5 trillion lira. The increase in the bank’s loan stock was recorded as 30.6 percent.
After Ziraat Bank, the banks with the highest cash loan stock are VakıfBank with 1.8 trillion liras, Türkiye İş Bankası with 1.5 trillion liras, Halkbank with 1.44 trillion liras, Garanti BBVA with 1.43 trillion liras, Yapı Kredi with 1.2 trillion liras. Kredi and Akbank, QNB with 830.3 billion liras, DenizBank with 693.6 billion liras and became Kuveyt Türk with 372 billion liras.
When the rate of increase in credit stock in the 9 months of the year was examined annually, the first three were found to be QNB with 38.8 percent, DenizBank with 38.6 percent and Akbank with 38.4 percent.
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 9 months, the credit stock of public banks reached 5.9 trillion lira, and that of private banks reached 7.3 trillion lira. Thus, 44.6 percent of the total credit stock of the 10 major banks was owned by public banks and 55.4 percent by private banks.
