Türkiye’s top banks post record 2025 profits

Türkiye’s leading lenders delivered strong financial performance in 2025, according to unconsolidated statements compiled by Anadolu. State-owned Ziraat Bank dominated across key indicators, ranking first in assets, profitability, deposits, lending and equity capital.

Assets approach $1 trillion threshold

Ziraat Bank topped the asset table with $214.9 billion, followed by VakifBank at $136.5 billion and Isbank with $116.3 billion. Halkbank, Garanti BBVA, Akbank and Yapi Kredi followed, alongside QNB Bank, DenizBank and participation lender Kuveyt Turk.

Kuveyt Turk recorded the fastest asset growth at 58.7%, while Ziraat Bank expanded by 57.4%. Other major lenders also posted double-digit growth, reflecting strong credit demand and balance-sheet expansion across the Turkish banking sector.

Profit growth led by state lenders

Ziraat Bank reported the highest annual profit at $4.08 billion. Garanti BBVA and VakifBank followed, alongside Isbank and Akbank. In terms of profit growth, VakifBank led with a 73.5% increase, followed by Yapi Kredi and Ziraat Bank. The sector’s aggregate profitability underscores improved margins and expanding lending activity in 2025.

Deposits exceed $627 billion

Total deposits and participation funds — the sector’s primary funding source — rose 40% year-on-year to $627 billion. Ziraat Bank maintained its leadership with $136.5 billion in deposits, ahead of Halkbank and VakifBank. Kuveyt Turk recorded the strongest growth in deposit accumulation, rising 53.7% over the year.

Credit support and capital strength

Cash lending by the top 10 banks surpassed $519.2 billion, with Ziraat Bank again leading in total credit provision. VakifBank, Isbank and Garanti BBVA followed, highlighting continued expansion in corporate and retail lending. Ziraat Bank’s loan book grew nearly 60%, while Kuveyt Turk and VakifBank also posted substantial gains.

Equity capital across the 10 largest banks increased 57% annually to $81.4 billion, reinforcing capital adequacy and financial resilience. Ziraat Bank held the largest equity base at $18.4 billion, followed by Garanti BBVA and VakifBank.

The 2025 results indicate that Türkiye’s banking sector remains well-capitalized and expansion-oriented, with rising profitability, deposit growth and credit support strengthening its position within the broader economy.