On 31 July 2025, Yapı Kredi announced its consolidated results for the first six months of 2025, based on Banking Regulation and Supervision Agency (BRSA) Accounting and Reporting Legislation. The Group’s cash and non cash loans reached to TL 2.249 trillion while total deposits reached to TL 1.656 trillion. The Group’s net income stood at TL 22,750 million indicating a return on average tangible equity of 22.4%.
Maintaining solid financial fundamentals and controlled growth
In the first six months of 2025, the Group increased its Turkish Lira cash loans by 17% and foreign currency loans by 17%, in US dollar terms, compared to the end of 2024. As a result, total performing loans reached to TL 1.542 trillion. During the same period, the Group’s Turkish Lira customer deposits increased by 17% when foreign currency customer deposits increased by 14% in US dollar terms. All incorporated total customer deposits reached to TL 1.635 trillion, as of six months of 2025. Equally important, TL customer demand deposits up by a hefty 36% and TL customer demand deposits in total TL deposits increased to 32% within the scope of continued focus on small tickets in deposit gathering and contribution of efficient customers. Accordingly, loan-to-deposits plus Turkish Lira bonds ratio realized at 93%. The Group’s total and foreign currency liquidity coverage ratios realized at 134% and 273%, respectively.
Prudent and conservative asset quality approach
As of first six months of 2025, Yapı Kredi’s non-performing loan ratio realized as 3.2%. Despite continued strong collection performance and comparatively slower increase in non-performing loans versus the sector, Yapı Kredi maintained its prudency in provisioning. Accordingly, provisions to gross loans ratio realized at 3.4% when net cost of risk (adjusted for hedged foreign currency impact) materialised at 162 basis points in the first six months of 2025.
Strong capital buffers
In the first six months of 2025, the capital ratios continued to remain above regulatory levels and consolidated Capital Adequacy Ratio and Tier-1 ratio realized at 13.1% and 10.9%, respectively, excluding regulatory forbearances.
Solid revenue performance supporting the bottom-line
In the first six months of the year, Yapı Kredi recorded TL 82,037 million of core banking revenues. In spite of the disruption in the rate cut cycle of the CBRT in the second quarter of the year, swap-adjusted NIM widened by 116 basis points over end-2024 to 1.89%, thanks to agile asset-liability management. Net fees and commissions income, on the other hand, increased by an additional 16% compared to the previous quarter and 45% year-over year in the first half of 2025 reaching to TL 52,154 million, supporting the top-line performance of the Bank. Operating costs increased by 6% and 52% on a quarterly and cumulative basis, respectively and stood at TL 54,534 million. As a result, fee coverage of operating costs ratio stood at a strong 96%. All in all, the Group achieved a net income of TL 22,750 million and 22.4% return on average tangible equity in the first six months of the year.
Enquiries:
Yapı Kredi Investor Relations & Yapı Kredi Sustainability
Investor Relations Email: yapikredi_investorrelations@yapikredi.com.tr