Turkey · Delayed Price · Currency is TRY Yapi ve Kredi Bankasi A.S. Earnings Call Transcripts
Fiscal Year 2026
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Net profit surged 78% year-over-year in Q1 2026, with strong NIM expansion, robust trading income, and resilient asset quality. CET1 and liquidity buffers remain solid, supporting guidance despite macro volatility.
Fiscal Year 2025
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Profit before tax nearly doubled and net profit rose 79% in 2025, driven by strong core revenue, margin expansion, and robust asset quality. 2026 guidance targets high-20s ROE, NPL ratio below 4%, and continued technology-driven efficiency, with SME NPLs as a key risk.
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Net profit surged 69% year-over-year to TRY 38 billion, with strong core revenue and fee growth. Asset quality improved, NPL inflows declined, and capital ratios remain robust despite asset growth. Net interest margin and ROE are expected to further improve into 2026.
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First-half 2025 net profit rose 31% year-on-year to TRY 23 billion, with strong fee and NIM performance despite market volatility. Guidance for NIM improvement was revised down, but fee growth expectations were raised, and asset quality remains robust with prudent provisioning.
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Q1 2025 saw a 73% QoQ net profit surge, strong margin and fee growth, and prudent provisioning amid market volatility. Guidance for ROE and cost of risk is maintained, with upside risk to fee growth due to inflation. Asset quality and capital ratios remain robust.
Fiscal Year 2024
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Strong quarterly and annual profit growth driven by improved margins, robust fee income, and prudent provisioning. 2025 guidance anticipates continued regulatory constraints, moderate loan growth, and further NIM expansion, with risks from potential regulatory tightening and fee caps.
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Net profit for the quarter was TRY 5 billion, down 30% sequentially, with strong fee growth and improved margins despite a challenging environment. Asset quality remains robust, capital buffers are high, and margin improvement is expected mainly in the second half of 2025.
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First half results show strong profitability, robust asset quality, and market-leading deposit growth, with net profit at TRY 17.4 billion and NIM set to recover in H2. Guidance points to higher returns and lower cost of risk, supported by a stable macro environment.