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Türkiye’s banking sector delivered strong results in the first half of 2025, reflecting resilience amid economic pressures. The country’s top 10 banks posted a combined net profit of ₺305 billion ($7.5 billion), up 32% year-over-year, according to non-consolidated financial statements.
The combined assets of Türkiye’s 10 largest banks surged 40% in the first half of the year, climbing to ₺32.5 trillion ($793.91 billion) from ₺23.2 trillion a year earlier, according to non-consolidated financial statements.
Ziraat Bank, VakifBank, Türkiye Is Bank, Halkbank, Garanti BBVA, Akbank, Yapi Kredi, QNB Bank, Denizbank, and Kuveyt Turk had the largest asset size in the country during the first half of the year.
Ziraat Bank retained its position as the country’s largest lender, with assets amounting to ₺6.9 trillion in the first half. VakifBank followed as the second-largest, with nearly ₺4.6 trillion in assets. Türkiye Is Bank ranked third with ₺3.98 trillion, while also maintaining its lead among private banks.
Halkbank placed fourth at ₺3.65 trillion, and Garanti BBVA came next with ₺3.2 trillion. With these results, the top five banks all surpassed the ₺3 trillion threshold in total assets.
Akbank recorded assets of ₺2.82 trillion, ranking sixth, while Yapi Kredi followed closely with ₺2.8 trillion. QNB Bank, DenizBank, and Kuveyt Turk completed the list, with assets of ₺1.8 trillion, ₺1.6 trillion, and ₺1 trillion, respectively. Kuveyt Turk remained the only participation bank in the top 10.
Asset growth rates among Türkiye’s top 10 banks in the first half of the year:
Ziraat Bank recorded the highest profit in the first half with ₺64 billion, marking an increase of 108.9%. Garanti BBVA ranked second with ₺53.6 billion, followed by VakifBank with ₺30.1 billion, Türkiye Is Bank with ₺29.8 billion, and DenizBank with ₺27.1 billion.
These were followed by Akbank with ₺24.9 billion, Yapi Kredi with ₺22.7 billion, QNB Bank with ₺21.9 billion, Kuveyt Turk with ₺18.9 billion, and Halkbank with ₺12 billion.
In profit growth, year-over-year,
Altogether, the 10 largest banks posted a combined net profit of ₺305 billion in the first half of 2025, representing a 32% increase compared to the previous year.
Deposits, the primary funding source for banks, reached ₺21.2 trillion in the first half, up 36% year-over-year.
Deposit volume growth among Türkiye’s top 10 banks in the first half of the year:
The total cash loan stock of the 10 banks reached ₺17.1 trillion in the first half. Ziraat Bank provided the largest support at ₺3.6 trillion. Other banks were as follows:
Other major banks’ cash loan stock was as follows:
Year-over-year increases in cash loan support among Türkiye’s top 10 banks:
Equity capital of Türkiye’s top 10 banks rose 51% year-over-year, climbing from ₺1.7 trillion to ₺2.6 trillion in the first half of 2024.
Equity capital by bank:
Equity growth rates:
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