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- EUR55.21-0.01%
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- October 13, 202619°
- BIST10012,259+0.89%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,208.00+0.42%
- INTEREST37.00%-1.00
- BITCOIN83,263+1.85%
- October 13, 202619°
Kuveyt Türk's second-quarter net profit rises 34% to 30 billion lira
Kuveyt Türk posted consolidated net profit of 30 billion lira in the second quarter of 2026, up 34% from the same period last year. The bank's financing volume reached 799 billion lira, while its consolidated assets rose to 1.6 trillion lira.
Kuveyt Türk announced its consolidated financial results for the second quarter of 2026. The bank posted consolidated net profit of 30 billion lira, up 34% from the same period last year.
The bank's financing volume increased 38% during the period to reach 799 billion lira. Its consolidated assets rose to 1.6 trillion lira.
Funding base reaches 1.24 trillion lira
Kuveyt Türk's equity reached 160 billion lira, while its total funding base rose to 1.24 trillion lira. Current accounts accounted for 61% of total funds collected.
The bank's non-performing loan ratio stood at 2.94%, while its annualized average return on equity was recorded at around 40%. The capital adequacy ratio was 17.86%, compared with a statutory limit of 12%.
Uyan: We maintained our steady growth
Kuveyt Türk General Manager Ufuk Uyan said they maintained steady growth in the second quarter of 2026 thanks to the dynamic structure of the participation finance sector, despite uncertainty and volatility in the global economy.
Uyan said that during a period shaped by tightening policies and the disinflation process, they prioritized supporting the real economy, production and exports without compromising their discipline in risk management.
Uyan said they reached consolidated assets of 1.60 trillion lira in the second quarter, adding that the financial results for the first half of the year represented a tangible outcome of their sustainable growth strategy, supported by innovative solutions aligned with participation finance principles.
Uyan said they would continue creating value for customers and stakeholders, providing uninterrupted service through investments in digitalization and strengthening their leading role in the participation finance sector in the second half of the year.
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