Asset size, deposit volume, profitability ratios and credit support of Türkiye's 10 largest banks increased significantly in the first half of the year.
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The first half 2024 financial results of the 10 largest banks in Türkiye are compiled from unconsolidated tables.
According to the information compiled from the banks' unconsolidated financial statements, in the first 6 months of the year, Ziraat Bank, VakıfBank, Türkiye İş Bankası, Halkbank, Garanti BBVA, Akbank, Yapı Kredi, QNB Bank, Denizbank and Kuveyt Türk continued to be ranked as the banks with the highest asset size in the country.
The asset size of Türkiye's 10 largest banks as of the first half of the year exceeded 42 trillion lira, increasing by 29 percent compared to the same period last year. In the first half of last year, the total assets of the 10 largest banks were approximately 32.7 trillion lira.
While Ziraat Bank maintained its title as the bank with the highest asset size in the sector with 9.1 trillion liras in the first half of the year, VakıfBank became the bank with the second highest asset size with 5.8 trillion liras.
Ranking third in asset size with 5.1 trillion liras, Türkiye İş Bankası also maintained its title as the bank with the highest asset size among private banks. Thus, the asset size of the three banks individually exceeded 5 trillion liras.
Halkbank ranked fourth with an asset size of 4.7 trillion liras. Garanti BBVA ranked fifth with total assets of 4.4 trillion lira.
The asset size ranking continued with Akbank with 3.7 trillion liras, Yapı Kredi with 3.6 trillion liras, QNB Bank with 2.1 trillion liras, Denizbank with 2 trillion 64 billion liras and Kuveyt Türk with 1.5 trillion liras. Kuveyt Türk was the only participation bank in the top 10 in terms of asset size.
The bank with the highest increase in asset size was Kuveyt Türk with 40.5 percent, followed by Garanti BBVA with 35.9 percent, Akbank with 32.3 percent, Ziraat Bank with 30.8 percent, Halkbank with 29.4 percent, Türkiye İş Bankası with 28.1 percent, Denizbank with 28 percent, VakıfBank with 27.6 percent, QNB Bank with 18.7 percent and Yapı Kredi with 17.5 percent. did.
Yapı Kredi was the bank that increased its net profit the most
The bank that made the highest profit in the first half of the year was Garanti BBVA with 110.6 billion lira. In terms of profitability, Ziraat Bank ranked second with 74.2 billion liras, Denizbank ranked third with 34.6 billion liras, Akbank ranked fourth with 34.4 billion liras, and Yapı Kredi ranked fifth with 31 billion liras.
In terms of profitability, these banks were followed by VakıfBank with 30.1 billion liras, Türkiye İş Bankası with 30 billion liras, QNB Bank with 29.3 billion liras, Kuveyt Türk with 23.8 billion liras and Halkbank with 17.7 billion liras.
The bank that increased its profits the most in this period was Yapı Kredi with 105.9 percent. This bank was followed by Halkbank with 47.3 percent, QNB Bank with 33.7 percent, Denizbank with 27.8 percent and Kuveyt Türk with 25.7 percent.
In the first half, compared to the same period last year, Garanti BBVA increased its profits by 20 percent, Ziraat Bank by 15.9 percent, Türkiye İş Bankası by 0.7 percent, and VakıfBank by 0.1 percent. In the same period, Akbank's profit decreased by 18.9 percent.
Thus, Türkiye's 10 largest banks earned a net profit of 415 billion 662.6 million lira in the first half of this year, and the total profit of these banks increased by 18 percent compared to last year.
Total deposit/participation fund reached 26.7 trillion lira
Deposits and participation funds, which are the largest fund sources of banks, increased to 26.7 trillion lira in the first half of the year. The total deposit/participation fund of the 10 largest banks in the sector increased by 25 percent compared to the same period last year.
Ziraat Bank maintains its first place with deposits of 5.8 trillion lira, followed by Halkbank with 3.7 trillion lira, VakıfBank with 3.6 trillion lira, Türkiye İş Bankası with 3.4 trillion lira, Garanti BBVA with 2.6 trillion lira, Akbank with 2.4 trillion lira, Yapı Kredi with 2 trillion lira, Denizbank with 1.2 trillion lira and Denizbank with 1.1 trillion lira. QNB Bank followed. In the same period, Kuveyt Türk also collected 983.9 billion lira of participation funds.
The banks with the highest increase in deposit/participation fund volume were Kuveyt Türk with 43 percent, Denizbank with 35 percent, Akbank with 32.1 percent, Türkiye İş Bankası with 29.1 percent and Ziraat Bank with 28.1 percent.
These banks were followed by Halkbank with 23 percent, VakıfBank with 22 percent, Yapı Kredi with 21.8 percent, Garanti BBVA with 15.7 percent and QNB Bank with 11.4 percent.
Credit/financing support approached 23.4 trillion lira
While the total cash loan support of the relevant 10 banks increased to 23 trillion 391.7 billion liras last year, it was seen that the bank with the highest credit support was Ziraat Bank with 4.9 trillion liras.
After Ziraat Bank, the banks that provided the highest cash loans were VakıfBank with 3.4 trillion liras, Türkiye İş Bankası with 2.7 trillion liras, Garanti BBVA with 2.6 trillion liras and Halkbank with 2.4 trillion liras.
While Akbank completed the first half with a cash loan stock of 2.1 trillion lira, Yapı Kredi 2 trillion lira, QNB Bank 1.3 trillion lira, and Denizbank 1.2 trillion lira, Kuveyt Türk provided financial support of 681.7 billion lira.
In the mentioned period, cash loan support was given by Halkbank 42.6 percent, Akbank 42.5 percent, Kuveyt Türk 42 percent, Denizbank 40.9 percent, Garanti BBVA 38.5 percent, Ziraat Bank 37.9 percent, VakıfBank 35.8 percent, Türkiye İş Bankası 33.4 percent, Yapı Kredi 23.8 percent and QNB Bank increased by 19.5 percent.
The equity capital of the 10 largest banks reached 3.5 trillion lira
The total equity capital of the banks in question, which was 2 trillion 390 billion liras in the first half of last year, increased by 46 percent in the first 6 months of this year and rose to 3 trillion 498.6 billion liras.
According to equity size, Ziraat Bank ranks first with 772.6 billion liras, followed by Garanti BBVA with 487.2 billion liras, Türkiye İş Bankası with 453.2 billion liras, VakıfBank with 353 billion liras, Akbank with 324.7 billion liras, Yapı Kredi with 286.5 billion liras, Denizbank with 247.7 billion liras. It was followed by Halkbank with 234.6 billion lira, QNB Bank with 200.5 billion lira and Kuveyt Türk with 138.7 billion lira.
The banks that increased their equity capital the most during this period were QNB Bank with 43.9 percent, VakıfBank with 43.2 percent, Kuveyt Türk with 42.6 percent, Halkbank with 39.4 percent, Denizbank with 35.1 percent, Ziraat Bank with 34.1 percent, Garanti BBVA with 29 percent, Türkiye İş Bankası with 25.7 percent, Akbank with 25.4 percent and Yapı Kredi with 18.7 percent. listed as follows.
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