Garanti BBVA Shows Solid Performance, Reports Robust 2025 Earnings
Garanti BBVA announced its financial results for 2025, reporting a net income of TL 111.26 billion. Total assets reached TL 4.55 trillion, and lending stood at TL 3.49 trillion. Customer deposits amounted to TL 3.14 trillion, representing growth of 50 percent over the previous year. Meanwhile, the bank maintained its strong capital position, with a capital adequacy ratio of 17.5¹ percent. Return on average equity (ROAE) reached 29.1 percent and return on average assets (ROAA) was 2.9 percent.
¹Does not include the forbearance introduced by BRSA
Garanti BBVA’s CEO Mahmut Akten noted that the gradual normalization process, shaped by disinflation targets in both global and domestic monetary policy, required a disciplined and strategic response from the banking sector throughout the year. He emphasized that policymakers’ resolute stance led to notable progress in inflation, with monetary policy implemented within a controlled framework.
The banking sector felt the effects of this economic rebalancing. Deposit costs remained above the policy rate due to regulations around Turkish lira deposits, and therefore became a key factor in balance sheet management. Loan growth was contained within the limits set by regulations.
Garanti BBVA once again demonstrated its strong management capabilities and balance sheet strength, sustaining its robust performance throughout the year. The CEO pointed to the bank’s figures from the year, with total assets reaching TL 4.5 trillion and a TL loan portfolio of TL 1.7 trillion.
The bank strengthened its long-standing leadership in TL lending, gaining market share and preserving a balanced composition of retail and corporate loans. Garanti BBVA’s clear leadership in retail lending was reinforced by market share gains across all product categories. The bank also maintained its position as the leading private bank in total cash and non-cash corporate loans.
Payment systems continued to distinguish the bank from its competitors and remained a key source of long-term value creation. On the funding side, a customer-based and well-diversified funding structure supported sustainable balance sheet management. Total customer deposits exceeded TL 3 trillion, while funding sources were further diversified.
With two new transactions successfully completed in 2025, the total volume of subordinated bond issuances over the past two years reached $2.45 billion, the highest among private banks in recent years. These transactions further strengthened the bank’s capital structure and provided a solid financial foundation to support its long-term growth strategy.
Turning to the bank’s customer-oriented strategy and focus on digitization, Akten noted that the bank continued to redesign and deliver all processes and products from the customers’ point of view, as part of the bank’s radical client perspective (RCP). As a result of these efforts, Türkiye was recognized as a benchmark country within the BBVA Group. Akten pointed to this as clear evidence that the consistent execution on the ground and a human-centered approach are creating value on a global level.
He added that artificial intelligence (AI) plays a critical role in this transformation. By embedding generative AI into bank services, it is reshaping an intuitive and empathetic banking experience.
In 2025, the next-generation digital assistant UGİ—redesigned with generative AI to deliver a new banking experience—conducted over 73 million conversations over the past year, providing support to more than eight million customers. As a result of this holistic approach to digital banking, Garanti BBVA was recognized as the ‘Best Retail Digital Bank in Türkiye’ and the ‘Best Mobile Banking App.’
In addition to its digital advance, sustainability remained a key strategic priority. Akten emphasized that sustainable finance remains central to the bank’s strategy. In 2025, Garanti BBVA allocated resources to numerous environmental and social initiatives, reaching a new milestone by issuing Türkiye’s first Biodiversity and Blue-Themed Bond.
He added that the bank also secured a syndicated loan from international markets in compliance with its Sustainable Debt Financing Framework, featuring diversified maturities. In the €1.7 billion financing provided for the Antalya–Alanya Motorway Project, Garanti BBVA served as the ‘Sustainability Coordinator’ throughout the loan tenor, executing one of the largest sustainability-linked loan transactions ever provided to a corporate entity in Türkiye.
Building on these achievements, Akten concluded that 2025 was not only a year of solid financial performance, but one in which the bank deepened its strategic and cultural capabilities in delivering on its vision. “With our customer-centric growth model, strong capital structure and focus on long-term value creation, we further reinforced our leading position in the sector,” he said, adding: “I would like to thank all of our colleagues for their contributions, and all of our stakeholders for placing their trust in us.”
Summary financial data on results in accounting period:
- Average return on assets: 2.9%
- Average return on equity: 29.1%
- Cash and non-cash loans: TL 3.49 trillion
- Market share of total performing loans: 11.3%
- Market share of TL loans: 12.7%
- Market share of FX loans: 8.7%.
- Total customer deposit growth: 50.0%
- Customer deposit market share: 10.4%
- Demand deposits as a share of total customer deposits: 41%
- Capital adequacy ratio: 17.5%,¹ above 12.16% requirement
- Non-performing loans ratio: 3.1%.