Business · Companies · 7 hrs ago
Garanti Bankası's third-quarter profit rises 10% to 33.8 billion lira
Türkiye Garanti Bankası earned 33.8 billion lira in net profit in the third quarter of 2026, 10% more than in the previous quarter.
The Turkish bank's result was slightly above the 32.1 billion lira expected by analysts.
Higher interest and commission income drove the increase, offsetting a rise in provisions for potential loan losses.
Total income rose 12% from the previous quarter to 124.7 billion lira, while the bank's non-performing loan ratio increased from 3.5% to 3.9%.
Its nine-month total income climbed 45% year on year to 348.9 billion lira.
Garanti Bankası kept its 2026 lending growth forecasts, including 30–35% growth for lira loans, but sees downward risks to its expected real return on equity because of high inflation.
Garanti Bankası reported net profit of 33.8 billion lira for the third quarter of 2026, up 10% from the previous quarter.
Profit was slightly above the 32.1 billion lira consensus expectation.
Higher net interest and commission income offset rising provisions, helping drive the increase.
Total revenue rose 12% from the previous quarter to 124.7 billion lira.
The bank kept its 2026 loan growth and net interest margin expectations, but cited downside risk to its real profitability outlook because of high inflation.
- Who
- Türkiye Garanti Bankası A.Ş.
- What
- The bank reported third-quarter net profit of 33.8 billion lira, up 10% quarter on quarter.
- When
- The third quarter of 2026. Results were published on October 28, 2026.
- Where
- Turkey.
- Why
- Higher net interest and commission income offset rising provision expenses.
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- Third-quarter net profit
- 33.8 billion lira
- Consensus profit expectation
- 32.1 billion lira
- Third-quarter total revenue
- 124.7 billion lira
- Net interest margin, including swap costs
- 6.3%
- Total assets
- 5.6 trillion lira
- Non-performing loan ratio
- 3.9% in the third quarter of 2026