What Banks in Turkey Achieved the Highest Interest Margin in 2017?

Top Banks by Net Interest Margin (%)
Banking | Turkey | June 30, 2018
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Based on a comparison of 22 banks in Turkey in 2017, Citibank Turkey operated with the highest net interest margin, followed by HSBC Bank Turkey and ING Bank Turkey.

Citibank Turkey's net interest margin amounted to 7.82% in 2017, up from 3.54% when compared to the previous year.

Historically, the bank’s net interest margin reached an all time high of 10.4% in 2004 and an all time low of 3.54% in 2016. The average margin in the last five years amounted to 5.65%.

Average asset yield was 13.0% in 2017, up from 7.16% when compared to previous year. On the other hand, cost of funding amounted to 6.24% in 2017, up from 4.28%.

Comparing Citibank Turkey with its closest peers, HSBC Bank Turkey operated in 2017 with a net interest margin of 5.42% ING Bank Turkey reached 5.07% and QNB Finansbank some 4.81%.

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.

Net Interest Margin Unit 2010 2011 2012 2013 2014 2015 2016 2017
Akbank % 3.21% 3.55% 3.58% 3.51% 3.31%
Alternatifbank % 3.87% 5.87% 4.01% 4.20% 3.86%
Anadolubank % 4.97% 6.87% 4.54% 4.22% 3.69%
Burgan Bank % 2.13% 3.84% 2.65% 2.77% 2.97%
Citibank Turkey % 4.58% 6.31% 4.44% 7.35% 5.09%
DenizBank % 4.78% 4.88% 4.42% 4.17% 3.94%
Fibabanka % 3.70% 4.16% 3.27% 4.10% 3.71%
Garanti Bank % 3.47% 3.73% 3.55% 3.82% 3.94%
Halkbank % 3.81% 4.56% 3.99% 3.57% 3.41%
HSBC Bank Turkey % 4.57% 5.62% 3.78% 3.39% 3.09%
ICBC Turkey Bank % 3.08% 4.27% 3.34% 4.61% 3.00%
ING Bank Turkey % 4.54% 5.90% 4.27% 4.60% 4.18%
Intesa Sanpaolo Turkey % ... ... ... ... 8.58% 3.27%
Isbank % 3.11% 3.54% 3.47% 3.48% 3.38%
Odea Bank % ... ... 0.881% 1.25% 2.68% 3.04%
QNB Finansbank % 4.70% 5.79% 4.70% 4.22% 4.41%
Sekerbank % 4.54% 6.03% 5.03% 5.19% 4.78%
Turk Ekonomi Bankasi % 4.63% 4.36% 3.98% 4.32% 4.61%
Turkland Bank % 3.36% 4.31% 3.05% 3.80% 3.03%
VakifBank % 3.44% 4.06% 3.86% 3.21% 3.25%
Yapi Kredi Bank % 3.11% 3.51% 3.10% 2.91% 2.87%
Ziraat Bank % 3.36% 4.27% 4.18% 3.94% 4.01%
AVERAGE % 4.64% 3.85% 4.59% 3.74% 4.21% 3.67% 3.49% 3.97%