On 31 October 2025, Yapı Kredi announced its consolidated results for the first nine 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 2.431 trillion while total deposits reached TL 1.795 trillion. The Group’s net income reached TL 37,812 million indicating a return on average tangible equity of 23.7%.
Maintaining solid financial fundamentals and controlled growth
In the first nine months of 2025, the Group increased its Turkish Lira cash loans by 29% and foreign currency loans by 21%, in US dollar terms, compared to the end of 2024. As a result, total performing loans reached TL 1.689 trillion. During the same period, the Group’s Turkish Lira customer deposits increased by 24% when foreign currency customer deposits increased by 22% in US dollar terms. All incorporated, total customer deposits reached TL 1.780 trillion, as of the first nine months of 2025. Equally important, TL customer demand deposits in total TL deposits realized as 28%, supported by the continued focus on small ticket deposits as well as efficient customers. On liquidity front, the Group’s total and foreign currency liquidity coverage ratios realized at 125% and 308%, respectively.
Prudent and conservative asset quality approach
As of the first nine months of 2025, Yapı Kredi’s non-performing loan ratio realized as 3.3%. Despite limited net non-performing loan formation in the third quarter, 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) materialized at 163 basis points in the first nine months of 2025.
Strong capital buffers
In the first nine months of 2025, the capital ratios continued to remain above regulatory levels and consolidated Capital Adequacy Ratio and Tier-1 ratio realized at 13.9% and 11.7%, respectively, excluding regulatory forbearances.
Solid revenue performance supporting the bottom-line
In the first nine months of the year, Yapı Kredi recorded TL 133,777 million of core banking revenues. Swap-adjusted NIM widened by 130 basis points over 2024-end to 2.03% supported by the continuation of CBRT’s disrupted rate cut cycle, as well as agile asset-liability management. Net fees and commissions income, on the other hand, increased by an additional 14% compared to the previous quarter and 50% year-over-year in the first nine months of 2025 reaching TL 84,171 million. Operating costs increased by 15% and 52% on a quarterly and cumulative basis, respectively and stood at TL 86.737 million. As a result, fee coverage of operating costs ratio stood at a strong 97%. All in all, the Group achieved a net income of TL 37,812 million and increased its return on average tangible equity to 23.7% in the first nine months of the year.
Enquiries:
Yapı Kredi Investor Relations
Investor Relations Email: yapikredi_investorrelations@yapikredi.com.tr