Albaraka Turk Katilim Bankasi AS
IST:ALBRK.E
Albaraka Turk Katilim Bankasi AS
Albaraka Türk Katilim Bankasi AS engages in the provision of financial and banking services. The firm provides a range of banking and financial services include Retail banking, which offers personal financing, credit cards, bank cards and other banking services, and Commercial/Corporate banking, which includes credits, cash management, foreign trade, business card and insurance services, as well as current and participation accounts. The Bank operates through a network of 122 domestic branches. In addition, the Bank operates as an insurance agency on behalf of Isik Sigorta, Anadolu Sigorta, Gunes Sigorta, Allianz, Aviva Sigorta, Neova Sigorta, Zurich Sigorta, Ankara Sigorta, Avivasa Emeklilik ve Hayat and Generali Sigorta. Albaraka Turk is a part of Albaraka Banking Group of Saudi Arabia.
Albaraka Türk Katilim Bankasi AS engages in the provision of financial and banking services. The firm provides a range of banking and financial services include Retail banking, which offers personal financing, credit cards, bank cards and other banking services, and Commercial/Corporate banking, which includes credits, cash management, foreign trade, business card and insurance services, as well as current and participation accounts. The Bank operates through a network of 122 domestic branches. In addition, the Bank operates as an insurance agency on behalf of Isik Sigorta, Anadolu Sigorta, Gunes Sigorta, Allianz, Aviva Sigorta, Neova Sigorta, Zurich Sigorta, Ankara Sigorta, Avivasa Emeklilik ve Hayat and Generali Sigorta. Albaraka Turk is a part of Albaraka Banking Group of Saudi Arabia.
Profit Surge: Albaraka Turk delivered a solo-based net profit of TRY 13.2 billion in 2025, up 206% year-on-year with provision reversals, and underlying profit increased 43.3% YoY.
Strong Credit Growth: Loans grew 59.5% year-on-year, outpacing sector averages and driven by selective growth and leasing exemptions.
Asset Quality: NPL ratio rose moderately to 1.7%, still below sector and participation bank averages, with robust provisioning maintained.
Margin Recovery: Net profit share margin rose to 3.4%, beating guidance, and swap-adjusted margin guidance for 2026 is 3.5%.
Capital Strength: Capital adequacy ratio increased to 19%, well above regulatory requirements, despite changes in Sukuk classification.
2026 Guidance: Management targets 40% credit growth, NPL ratio below 2.5%, net profit margin of 3.5% (4.5% with investments), and ROE between 25% and 30%.
