Based on a comparison of 22 banks in Turkey, Ziraat Bank produced the highest net profit in 2016, followed by Isbank and Garanti Bank.
Ziraat Bank made a net profit of TRY 6,576 mil, up 22.3% compared to the previous year. Historically, the bank’s net profit reached an all time high of TRY 6,576 mil in 2016 and an all time low of TRY -972 mil in 2002. The average profit in the last five years amounted to TRY 4,409 mil.
The bank generated an average return on equity of 18.1% for its shareholders in the last five years with a maximum of 18.8% and a minimum of 17.5%.
Comparing Ziraat Bank with its closest peers, Isbank generated a net profit of TRY 5,449 mil with a ROE of 12.5% in 2016, Garanti Bank netted TRY 5,148 mil (ROE of 15.4%) and Akbank announced a net profit of TRY 4,854 mil giving a ROE of 15.9%.
The net profit of the Turkey’s banking sector amounted to TRY 36,424 mil in 2016, up 42.0% compared to the previous year. Heading up the rankings, Ziraat Bank accounted for 18.1% of the sector’s net profit in 2016. The top 3 companies held a 47.1% share while the five largest firms some 68.7% in 2016.
You can see all the banks net profit data on the Net Profit indicator page or you can download a report on the Turkish banks in the report section.
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