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What Banks in Turkey Achieved the Highest Interest Margin in 2016?

Top Banks by Net Interest Margin (%)
Banking | Turkey | June 30, 2018
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Excel Sheet

Based on a comparison of 22 banks in Turkey in 2016, Sekerbank operated with the highest net interest margin, followed by Turk Ekonomi Bankasi and QNB Finansbank.

Sekerbank's net interest margin amounted to 4.60% in 2016, down from 4.78% when compared to the previous year.

Historically, the bank’s net interest margin reached an all time high of 11.0% in 2004 and an all time low of 4.54% in 2011. The average margin in the last five years amounted to 5.13%.

Average asset yield was 10.5% in 2016, up from 10.3% when compared to previous year. On the other hand, cost of funding amounted to 6.60% in 2016, up from 6.11%.

Comparing Sekerbank with its closest peers, Turk Ekonomi Bankasi operated in 2016 with a net interest margin of 4.55% QNB Finansbank reached 4.40% and Ziraat Bank some 4.22%.

The average net interest margin reached 3.54% in the Turkish banking sector in 2016 while interest spread amounted to %.

You can see all the banks interest margin data on the Net Interest Margin indicator page or you can download a report on the Turkish banks in the report section.