ISTANBUL

Türkiye’s 10 largest banks posted a combined net profit of 674.8 billion Turkish lira ($17.06 billion) in 2025, a 41% rise as the sector’s total assets reached $960.8 billion.

The average Turkish lira/US dollar exchange rate was 39.55 in 2025.

State-owned Ziraat Bank dominated all major metrics, leading in assets, profits, deposits, credit support, and equity capital, according to the top 10 banks’ unconsolidated financial statements compiled by Anadolu.

Ziraat Bank led with a total asset size of $214.9 billion, followed by VakifBank with $136.5 billion, Isbank with $116.3 billion, Halkbank with $108.7 billion, Garanti BBVA with $96.08 billion, Akbank with $83.4 billion, Yapi Kredi with $80.9 billion, QNB Bank with $45.5 billion, DenizBank with $42.9 billion, and Kuveyt Turk with $35.3 billion.

Kuveyt Turk, the only participation bank in the top 10, recorded the highest asset growth at 58.7%.

At the same time, Ziraat Bank grew 57.4%, Garanti BBVA 46.5%, Halkbank 42%, Isbank 39.1%, VakifBank 34%, Yapi Kredi 33.2%, Akbank 32.6%, DenizBank 26.4%, and QNB Bank 21.5%.

Ziraat Bank recorded the highest profits in 2025, earning $4.08 billion, followed by Garanti BBVA with $2.79 billion, VakifBank with $1.77 billion, Isbank with $1.7 billion, Akbank with $1.44 billion, DenizBank with $1.38 billion, QNB Bank with $1.2 billion, Kuveyt Turk with $1.02 billion, Yapi Kredi with $955.7 million, and Halkbank with $685.2 million.

In terms of profit growth, VakifBank rose the most at 73.5%, followed by Yapi Kredi 68.8%, Ziraat Bank 60.4%, Isbank 48.2%, Akbank 35.1%, QNB Bank 32.2%, Halkbank 23.1%, DenizBank 22.1%, and Kuveyt Turk 16.5%.

Total deposits/participation funds reach $627B

Total deposits and participation funds, the largest source of banking funds, reached $627 billion, up 40% year-on-year.

Ziraat Bank maintained its leading position with $136.5 billion in deposits, ahead of Halkbank, which posted $88.1 billion, followed by VakifBank with $87.2 billion, Isbank with $78.38 billion, Garanti BBVA with $65.7 billion, Akbank with $53.09 billion, Yapi Kredi with $45.5 billion, QNB Bank with $25.28 billion, DenizBank with $25.1 billion, and Kuveyt Turk with $22.7 billion.

Kuveyt Turk increased its deposit/participation funds the most last year with a 53.7% rise, followed by Halkbank with 46.4%, Isbank with 45.7%, Ziraat Bank with 43.8%, Yapi Kredi with 40.8%, Garanti BBVA with 40.7%, VakifBank with 35.9%, Akbank with 32.6%, DenizBank with 30.2%, and QNB Bank with 13.9%.

Credit/financing support exceeds $519B, equity capital reaches over $80B

Türkiye’s top 10 banks provided a total of $519.27 billion in cash credit support last year, with Ziraat Bank leading the pack with $116.3 billion.

Following Ziraat Bank, Vakif Bank provided $75.8 billion, Isbank $60.6 billion, Garanti BBVA $58.1 billion, Halkbank $50.4 billion, Yapi Kredi $45.1 billion, Akbank $45.05 billion, DenizBank $25.2 billion, and Kuveyt Turk $14.7 billion.

Ziraat Bank’s credit support increased 59.4% year-on-year in 2025, while Kuveyt Turk saw a growth of 51.9%, VakifBank 47.2%, Garanti BBVA 46.1%, Isbank 43.7%, Yapi Kredi 43.3%, Akbank 38.5%, DenizBank 37.2%, Halkbank 36.4%, and QNB Bank 24.9%.

The total equity capital of Türkiye’s 10 largest banks surged 57% on an annual basis to $81.4 billion.

Ziraat Bank led in equity capital size with $18.4 billion, followed by Garanti BBVA with $11.2 billion, VakifBank with $8.1 billion, Akbank with $7.8 billion, Yapi Kredi with $6.46 billion, Halkbank with $5.51 billion, DenizBank with $5.45 billion, QNB Bank with $4.3 billion lira, and Kuveyt Türk with $3.06 billion.

Over the same period, Ziraat Bank increased its equity capital by 55%, Kuveyt Turk 47.6%, VakifBank 47.1%, QNB Bank 45.3%, DenizBank 43.2%, Garanti BBVA 34.7%, Isbank 34.3%, Yapı Kredi 32.6%, Halkbank31.1%, and Akbank 29%.

*Writing by Emir Yildirim