Garanti BBVA stock: 9M profit reaches 98.2 billion TL
Published on 11/09/2026 at 01:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGaranti BBVA strengthens earnings
- Lower funding costs and stronger net interest income supported third-quarter profitability.
- Customer deposits grew to 3.6 trillion TL, while the capital adequacy ratio stood at 16.1 percent.
- Management continues to focus on lending growth, sustainable finance and balance-sheet discipline.
Garanti BBVA reported net income of 98.2 billion Turkish lira for the first nine months of 2026, according to BBVA. The bank said its return on average equity reached 27.5 percent as lower funding costs and proactive balance-sheet management strengthened third-quarter profitability.
Margins improve in third quarter
Garanti BBVA said the operating environment remained shaped by tight monetary policy and macroprudential measures. Management nonetheless pointed to a significant improvement in net interest margin during the third quarter, supported by lower funding costs and disciplined loan pricing.
The bank also reported a capital adequacy ratio of 16.1 percent and total assets of 5.6 trillion TL. Cash and non-cash loans reached 4.2 trillion TL, while customer deposits rose 15.5 percent in the first nine months to 3.6 trillion TL.
Funding and sustainable finance
Garanti BBVA continued to diversify its funding sources through subordinated debt issuance. Chief Executive Mahmut Akten highlighted a 125 million US dollar sustainable subordinated bond, with proceeds intended to finance green investments by micro, small and medium-sized enterprises and improve access to finance for women entrepreneurs.
The bank said cumulative sustainable finance reached 1.9 trillion TL. Its role as a global banking partner for COP31 in Antalya places the lender's transition-finance strategy in focus as Turkey prepares to host the climate conference.
Garanti BBVA's banking position
Founded in Ankara in 1946, Garanti BBVA is Turkey's second-largest private bank. It serves corporate, commercial, small and medium-sized enterprise, retail, private and investment banking customers, alongside payment systems and financial subsidiaries in insurance, leasing, factoring and asset management. The bank competes with ??bank, Akbank and Yap? Kredi Bank in Turkey's private-banking market, while its broad business mix and BBVA ownership distinguish it from these domestic rivals.
Garanti BBVA at a glance
- Reporting period: January through September 2026
- Net income: 98.2 billion TL
- Return on average equity: 27.5 percent
- Total assets: 5.6 trillion TL as of September 30, 2026
- Customer deposits: 3.6 trillion TL as of September 30, 2026
- Capital adequacy ratio: 16.1 percent as of September 30, 2026
Turkish financial stocks remain sensitive to monetary policy, inflation and funding conditions; investors can follow the broader BIST 100 market for the regional backdrop.
More news and analyses on Garanti BBVA are available on the Garanti BBVA topic page.
