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Turkish Banking Sector Analysis: Q1 2025
07 aug 2025
Türkiye
Tenet presents Turkish banking sector analysis report for the 4th quarter of 2024. Our report summarises the performance and dynamics of Turkish banks over this period, and a range of open-source data is analysed.
An overview of the financial position, performance, and loan and deposit dynamics of Turkish banks, both together and individually, is presented, while the user-friendly, interactive PowerBi format allows readers to examine various data points related to performance, position, loans, and deposits:
- yearly or quarterly
- in TRY or USD
- by banking licence type
- by ownership type
- by each separate bank
Highlights for Q1 2025
- The banking sector structure remained unchanged in 1Q2025, both in terms of ownership and licenses types and market share.
- The key rate decreased a couple of times in the 1Q2025 with the overall decrease from 47.5% to 42.5%, consecutively loan rates and deposit rates started to decrease with overall stable NIM.
- Loan portfolio grew mainly in the corporate segment supported with credit cards and consumer loans.
- Deposit maturity structure worsened in the 1Q2025 and continued its shift towards short-term deposits.
- The latter three highlights together potentially mean, that the short-term deposits amid falling rates has disproportionately benefited banks, driving higher earnings despite the changing rate environment.