Business · Companies · 5 hrs ago
VakıfBank’s assets exceed 6.2 trillion lira
Turkey’s VakıfBank reported strong growth in its financial results for the first nine months of 2026.
By the end of September, its assets had risen 24.8% from a year earlier to 6.2 trillion lira.
The bank earned 45.5 billion lira in net profit, up 8.5% from the same period last year.
Its total deposits topped 4 trillion lira, while its combined cash and non-cash lending reached 4.7 trillion lira, up 34%.
VakıfBank says it is directing funding to businesses that support production, exports, jobs, green investment and reconstruction in earthquake-hit areas.
It also secured new long-term funding, including a $300 million deal with the Asian Infrastructure Investment Bank and a €200 million loan guaranteed by Italy’s SACE.
The bank says it will keep developing long-term financing for Türkiye’s economic development and sustainable growth.
VakıfBank said its assets reached 6.2 trillion lira at the end of September 2026, up 24.8% from a year earlier.
The bank reported 45.5 billion lira in net profit for the first nine months of 2026, an increase of 8.5% year on year.
Its total loan support, including cash and non-cash loans, rose 34% year on year to 4.7 trillion lira.
Total deposits increased 28.5% year on year to more than 4 trillion lira.
VakıfBank said new international funding secured since the start of 2026 totalled 9 billion dollars.
- Who
- VakıfBank, a Turkish bank.
- What
- It reported assets of 6.2 trillion lira and financial results for the first nine months of 2026.
- When
- The results were announced on November 5, 2026, with figures measured at the end of September.
- Where
- Turkey. The bank’s international funding included transactions in global markets.
- Why
- Not stated
This story does not have two clearly opposing sides.
VakıfBank completed international financing transactions in global markets.
The bank secured a 10-year, 300 million dollar financing agreement with the Asian Infrastructure Investment Bank.
VakıfBank obtained 200 million euros in 10-year funding from ING Germany, guaranteed by Italy’s SACE.
The bank’s assets stood at 6.2 trillion lira, and its total cash and non-cash loan support reached 4.7 trillion lira.
VakıfBank announced its third-quarter financial results.
- Assets at end of September 2026
- 6.2 trillion lira
- Nine-month net profit
- 45.5 billion lira
- Total deposits
- More than 4 trillion lira
- Total cash and non-cash loan support
- 4.7 trillion lira
- New international funding secured in 2026
- 9 billion dollars
What people are saying
Our total loan support, which reached 4.7 trillion TL as of the end of September, is a concrete indication of the importance we attach to the financing needs of the real sector.
We continue to direct our resources towards areas that create lasting value for our economy.
The total of new international resources we have brought to our country through different financing structures since the beginning of the year has reached 9 billion dollars, while the total amount of resources we have obtained from abroad has risen to 25 billion dollars.