Business · Companies · 5 hrs ago
İş Bank reports 10.4 billion lira profit in third quarter
Türkiye İş Bankası reported 10.4 billion lira in third-quarter net profit in its 2026 results.
The bank, one of Turkey’s largest private lenders, said profit rose 8% from the previous quarter but fell 26% from a year earlier.
Its result was above the 9.4 billion lira market forecast cited in one account of the results.
The bank’s non-performing loan ratio increased from 3.8% to 4.2% during the quarter, while its return on equity fell to 12.3%.
The bank expects lending and fee income to grow in 2026, and forecasts a net interest margin of 3.2% to 3.4%.
It kept its target for return on equity in the 20% range, but warned that current conditions pose downside risks to that goal.
One account gave a different net profit figure of 40.4 billion lira, without clarifying how it relates to the quarterly figure.
Türkiye İş Bankası reported third-quarter 2026 net profit of 10.4 billion lira, according to Bloomberg HT.
That figure exceeded the 9.4 billion lira market consensus, but was 26% lower than a year earlier.
Profit rose 8% from 9.7 billion lira in the previous quarter.
Habertürk’s headline reported net profit of 40.4 billion lira, conflicting with Bloomberg HT’s figure.
The bank said it expects mid-30% growth in lira loans in 2026 and kept its return-on-equity target in the 20% range.
- Who
- Türkiye İş Bankası.
- What
- It reported third-quarter 2026 net profit of 10.4 billion lira, according to Bloomberg HT. Habertürk’s headline gave a different figure of 40.4 billion lira.
- When
- The third quarter of 2026; the results were published on November 5, 2026.
- Where
- Türkiye.
- Why
- Not stated.
This story does not have two clearly opposing sides.
İş Bankası recorded net profit of 9.7 billion lira.
The bank reported net profit of 10.4 billion lira, up 8% from the previous quarter.
Bloomberg HT and Habertürk published reports on the bank’s third-quarter results, with conflicting profit figures in their headlines.
- Third-quarter net profit
- 10.4 billion lira, according to Bloomberg HT
- Market consensus
- 9.4 billion lira
- Year-on-year profit change
- Down 26%
- Previous-quarter profit
- 9.7 billion lira
- Habertürk headline figure
- 40.4 billion lira
- 2026 return-on-equity target
- In the 20% range
2 sources
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