Q4 2025 Turkiye Is Bankasi AS Earnings Call and Guidance Transcript
Key Points
- Turkiye Is Bankasi AS maintained its position as the largest private bank in Turkey with a market share of 11% to 12% across major balance sheet items.
- The bank achieved a notable 67% increase in swap-adjusted net interest income on a quarterly basis, representing a more than sevenfold increase year over year.
- Fee generation has been a significant highlight, with an average annual growth rate of 89% over the last five years, and a 47% increase in 2025.
- The bank demonstrated strong cost discipline, with OpEx growth limited to 28%, outperforming peers in cost management.
- Capital and liquidity metrics improved, providing flexibility to support future growth opportunities, with a capital adequacy ratio of 16% and common equity Tier 1 at 13.2%.
- The Turkish economy ended 2025 with a moderate growth rate of around 3.5%, below its long-term performance.
- Inflation remains a challenge, with annual CPI inflation at 30.89% by the end of 2025, and expectations of 25% by the end of 2026.
- The bank's NPL ratio stood at 3.2%, with expectations to rise to around 4% in 2026, indicating ongoing asset quality pressures.
- Cost of risk was high at 238 basis points for 2025, with expectations to remain below 250 basis points in 2026.
- The bank anticipates higher-than-inflation OpEx growth in 2026, driven by business development expenses and a more competitive customer acquisition environment.
Ladies and gentlemen, welcome to Ä°Åbank 2025 financial results and 2026 guidance audio webcast.
The presentation will be held by Ms. Ebru ÃzÅuca, Deputy Chief Executive; Mr. Mehmet Türk, CFO; Ms. Nilgün Yosef Osman, Head of IR and Sustainability.
(Operator Instructions)
Now, I leave the floor to our presenters.
Welcome and thank you for joining our year-end results webcast. It is a pleasure to be with you, as we conclude another successful year. Using this opportunity, we also would like to extend our best wishes for 2026.
Today, we will review our 2025 performance and share our guidance for this year.
Year 2025 has, once again, proven the strength of our core banking model and our ability to navigate market shifts with agility and foresight. Restoring price stability and providing long-term predictability for both local and foreign investors still stand out as the most important priorities in the short term.
These objectives, on the other
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