Business · Companies · 8 hrs ago
Garanti BBVA reports 98.2 billion lira profit for first nine months
Garanti BBVA reported 98.2 billion lira in net profit for the first nine months of 2026, through September 30.
The Turkish bank said its total assets reached 5.6 trillion lira and its loans and other financing support totalled 4.2 trillion lira.
Customer deposits rose 15.5% to 3.6 trillion lira, making them the bank’s largest source of funding.
The bank said lower funding costs and balance-sheet management helped improve its net interest margin and profitability.
It provided 1.9 trillion lira in sustainable financing in the first nine months, against a target of 3.5 trillion lira for 2018–2029.
The bank also said proceeds from a 125 million US dollar sustainability-linked subordinated bond will support green investments by small businesses and access to finance for women entrepreneurs.
Garanti BBVA plans to use its COP31 role to support Türkiye’s transition, with the conference due to be held in Antalya.
Garanti BBVA reported net profit of 98.2 billion lira for the first nine months of 2026.
The bank’s assets reached 5.6 trillion lira, and its cash and non-cash lending to the economy totalled 4.2 trillion lira.
Customer deposits grew 15.5% during the period to 3.6 trillion lira.
The bank said its capital adequacy ratio was 16.1%, return on equity was 27.5% and return on assets was 2.6%.
- Who
- Türkiye Garanti Bankası A.Ş., operating as Garanti BBVA.
- What
- It reported 98.2 billion lira in net profit for the first nine months of 2026.
- When
- The results cover the first nine months of 2026; the financial statements are dated September 30, 2026.
- Where
- Türkiye.
- Why
- The bank released its financial results.
This story does not have two clearly opposing sides.
Garanti BBVA reported net profit of 98.2 billion lira for the period.
The date of the bank’s consolidated financial statements.
Habertürk published the results.
- Net profit
- 98.2 billion lira
- Total assets
- 5.6 trillion lira
- Cash and non-cash lending
- 4.2 trillion lira
- Customer deposits
- 3.6 trillion lira
- Deposit growth
- 15.5% in the first nine months of 2026
- Capital adequacy ratio
- 16.1%
What people are saying
We continued to increase our profitability, recording a marked improvement in our net interest margin thanks to lower funding costs and effective balance-sheet management.
We provided 1.9 trillion lira in financing in the first nine months of 2026 under our sustainable finance target of 3.5 trillion lira for 2018–2029.