Net profits of Turkey's 10 largest banks revealed

The total assets of Turkey's 10 largest banks reached 25.2 trillion liras, an increase of 30.2 percent compared to the end of 2023. During the same period, the banks generated a total net profit of 331.5 billion liras. Here is the ranking of the most profitable banks...

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Net profits of Turkey's 10 largest banks revealed

The non-consolidated financial statements for the third quarter of the year for Turkey's 10 largest banks have been announced.

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According to information compiled by AA from Banking Regulation and Supervision Agency (BDDK) data, the total asset size of these banks increased by 30.2 percent compared to the end of 2023, rising to 25 trillion 213.7 billion liras.

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While the total asset size of the banking sector reached 30 trillion 518 billion 692 million liras as of the end of September, the 10 largest banks accounted for 82.6 percent of this total.

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Ziraat Bankası AT THE TOP

Ziraat Bankası maintained its position as Turkey's largest bank with an asset size of 4 trillion 948 billion liras. The bank's asset size showed an increase of 30.2 percent compared to last year.

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Ziraat Bankası was followed by VakıfBank with an asset size of 3.5 trillion liras, while Türkiye İş Bankası ranked third with 3.1 trillion liras. İş Bankası also maintained its title as the bank with the highest asset size among private banks.

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Halkbank placed fourth with an asset size of 2.8 trillion liras, increasing its asset size by 31 percent over the 9-month period.

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Halkbank was followed by Garanti BBVA (2.4 trillion liras), Yapı Kredi (2.3 trillion liras), Akbank (2.2 trillion liras), QNB (1.36 trillion liras), DenizBank (1.32 trillion liras), and Kuveyt Türk Katılım Bankası (825.6 billion liras), respectively.

The bank that increased its asset size the most during this period was QNB, with a 38 percent increase.

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Garanti BBVA LEADS IN PROFITABILITY

In the January-September period, Garanti BBVA achieved the highest net profit with 66.9 billion liras. The bank increased its profit by 16.3 percent compared to the same period in 2023.

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Garanti BBVA was followed by Ziraat Bankası with 50.3 billion liras in net profit, Türkiye İş Bankası with 34.6 billion liras, DenizBank with 33.8 billion liras, and Akbank with 33.1 billion liras.

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