Garanti Bank announced its third-quarter financial results for 2026

Serdar HocamAuthor & Editor

Garanti Bank achieved a net profit of 33.8 billion TL in the third quarter of 2026, exceeding market expectations. Increases were recorded in the bank's revenues and margins.

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Garanti Bankası üçüncü çeyrekte net kârını artırdı

Türkiye Garanti Bankası A.Ş. shared its third-quarter financial results for 2026 with the public. According to the disclosed data, the bank's net profit reached 33.8 billion TL, remaining above the consensus expectation of 32.1 billion TL.

According to the third-quarter financial results of Türkiye Garanti Bankası A.Ş. for 2026, its net profit increased by 9.5 percent on an annual basis and by 10 percent on a quarterly basis. The rise in net interest income and fee and commission income offset the increasing provisioning expenses, playing a decisive role in the growth of net profit. The bank's total revenues reached 124.7 billion TL in the third quarter, marking a 12 percent increase on a quarterly basis. While net interest income including swap costs increased by 23 percent to 74.7 billion TL, net fee and commission income stood at 50.4 billion TL with a 5 percent increase. Total revenues for the first nine months increased by 45 percent compared to the same period of the previous year, reaching 348.9 billion TL.

Sources

  • bloomberght.com · Link