What Banks in Turkey Were the Most Cost Efficient in 2017?

Top Banks by Costs As % Of Income
Banking | Turkey | June 30, 2018
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Excel Sheet

Based on a comparison of 22 banks in Turkey in 2017, Intesa Sanpaolo Turkey was the most cost efficient bank, followed by Citibank Turkey and Ziraat Bank.

Intesa Sanpaolo Turkey's cost to income ratio reached 10.7% in 2017, down from 11.2% when compared to the last year. Historically, the bank’s costs reached an all time high of 13.5% in 2014 and an all time low of 10.7% in 2017.

When compared to total assets, bank's cost amounted to 1.39% in 2017, down from 0.318% a year earlier.

When compared to the nearest peers, Citibank Turkey operated in 2017 with a cost to income ratio of 26.8%, Ziraat Bank reached 32.5% and Akbank some 32.6%.

You can see all the banks cost efficiency data at Costs (As % Of Income) indicator page or you can download a report on the Turkish banks in the report section.

Costs (As % Of Income) Unit 2010 2011 2012 2013 2014 2015 2016 2017
Akbank % 42.1% 38.9% 41.3% 42.1% 44.5%
Alternatifbank % 55.8% 38.6% 48.2% 47.9% 58.3%
Anadolubank % 55.6% 43.0% 57.0% 47.2% 50.4%
Burgan Bank % 70.0% 63.2% 78.2% 72.5% 62.9%
Citibank Turkey % 46.6% 42.4% 48.3% 30.2% 29.6%
DenizBank % 49.4% 58.2% 47.5% 58.4% 56.7%
Fibabanka % 71.2% 53.1% 60.1% 56.0% 53.2%
Garanti Bank % 40.4% 40.9% 42.9% 44.0% 50.4%
Halkbank % 44.3% 41.0% 49.1% 45.6% 51.0%
HSBC Bank Turkey % 68.6% 69.3% 69.4% 72.2% 76.9%
ICBC Turkey Bank % 65.9% 58.8% 51.7% 69.8% 84.2%
ING Bank Turkey % 76.4% 63.6% 67.4% 67.1% 67.2%
Intesa Sanpaolo Turkey % ... ... ... ... 13.5% 11.7%
Isbank % 42.6% 53.4% 53.9% 59.2% 62.1%
Odea Bank % ... ... 102% 137% 68.6% 61.6%
QNB Finansbank % 52.5% 45.7% 53.2% 51.3% 56.9%
Sekerbank % 68.7% 57.5% 69.4% 57.9% 61.8%
Turk Ekonomi Bankasi % 76.5% 60.5% 59.0% 63.8% 63.5%
Turkland Bank % 82.0% 66.9% 72.7% 65.8% 70.0%
VakifBank % 60.3% 55.9% 51.9% 49.1% 54.4%
Yapi Kredi Bank % 42.5% 40.9% 40.3% 49.3% 49.0%
Ziraat Bank % 42.8% 36.6% 38.3% 41.8% 42.7%
AVERAGE % 59.1% 57.7% 53.8% 58.9% 53.3% 55.4% 48.5% 47.5%