On April 29, 2026, Yapı Kredi announced its consolidated results for the first three months of 2026, based on Banking Regulation and Supervision Agency (BRSA) Accounting and Reporting Legislation. The Group’s cash and non-cash loans reached to TL 2.781 trillion while total deposits reached TL 2.027 trillion. The Group’s net income reached TL 20,296 million indicating a return on average tangible equity of 31.5%.
Maintaining solid financial fundamentals and controlled growth
In the first three months of 2026, the Group increased its Turkish Lira cash loans by 5% and foreign currency loans by 4%, in US dollar terms, compared to the end of 2025. As a result, total performing loans reached TL 1.943 trillion. During the same period, the Group’s Turkish Lira customer deposit growth was stable when foreign currency customer deposits increased by 1,5% in US dollar terms. All incorporated, total customer deposits reached TL 1.990 trillion, as of the first three months of 2026. Equally important, TL customer demand deposits in total TL deposits rose to 29%, supported by the continued focus on small ticket deposits. On liquidity front, the Group’s total and foreign currency liquidity coverage ratios realized at 133% and 382%, respectively.
Prudent and conservative asset quality approach
As of the first three months of 2026, Yapı Kredi’s non-performing loan ratio realized as 3.8%. In the first quarter, Yapı Kredi maintained its prudency in provisioning. Accordingly, provisions to gross loans ratio realized at 3.6% when net cost of risk (adjusted for hedged foreign currency impact) materialized at 176 basis points in the first three months of 2026.
Strong capital buffers
In the first three months of 2026, the capital ratios continued to remain above regulatory levels and consolidated Capital Adequacy Ratio and Tier-1 ratio realized at 14.1% and 11.6%, respectively.
Solid revenue performance supporting the bottom-line
In the first three months of the year, Yapı Kredi recorded TL 60,735 million of core banking revenues. Swap-adjusted NIM widened by 93 basis points over 2025-end to 3.18% supported by the agile asset-liability management as well as the improvement in deposit costs. Net fees and commissions income, on the other hand, remains stable compared to the previous quarter and increased by 34% year-over-year in the first three months of 2026 reaching to TL 32,432 million. Operating costs decreased by 4% and increased by 35% during the same periods, respectively and stood at TL 35,683 million in the first three months of the year. As a result, fee coverage of operating costs ratio realized at 91%. All in all, the Group achieved a net income of TL 20,296 million and increased its return on average tangible equity to 31.5% in the first three months of the year.
Enquiries:
Yapı Kredi Investor Relations
Investor Relations Email: yapikredi_investorrelations@yapikredi.com.tr