ISCTR Banking
🏢 Company Profile
Banking; Turkey's first national bank, with insurance and investment affiliates.
- T.İŞ BANKASI A.Ş.MENS.MUNZ.SOS.GÜV.VE YAR.SAN.VAKFI — 38.66%
- CUMHURİYET HALK PARTİSİ GENEL BAŞKANLIĞI — 28.09%
- ZİRAAT PORTFÖY BIST LİKİT BANKA ENDEKSİ HİSSE SENEDİ YOĞUN BORSA YATIRIM FONU — 3.45%
- Last quarter (2026/6): sales 75129909844 TL, net profit margin 39.9% (high)
- Sales growth: YoY %+130.5 (increase).
- Net profit growth: YoY +0.7% (increase).
- Owners' Equity Growth: YoY %+7.8 (increase)
- Asset turnover 0.1 (TTM revenue / total assets) — heavy asset base (may be the norm for a capital-intensive sector).
- Financial liabilities / owners' equity 0% (low leverage); total liabilities (short+long) / owners' equity 0%.
- Current ratio (TradingView balance sheet section) 0.3 — short-term liability pressure.
- Multiples: P/E 4.7 · P/B 0.7 · dividend yield 4.2.
- Source: İş Yatırım quarterly financial statements + TradingView TTM (06.10.2026); comments are generated with fixed threshold rules and are not investment advice.
📋 Announced Financial Statements· manually added financial table summary · last pull: 2026-09-23
| Period | Net Interest Income (mlr TL) | Net Profit (mlr TL) | Profit Margin | Total Assets (mlr TL) | Equity (mlr TL) |
|---|---|---|---|---|---|
| 2026/6 | 75.1 (+ 130.5% YoY) | 30.0 (+ 0.7% YoY) | 39.9% | 5,091.2 | 453.2 |
| 2026/3 | 41.8 (+ 135.9% YoY) | 20.4 (+ 63.9% YoY) | 48.7% | 4,935.5 | 420.6 |
| 2025/12 | 96.9 (+ 181.3% YoY) | 67.4 (+ 48.2% YoY) | 69.6% | 4,624.9 | 427.6 |
| 2025/9 | 58.2 (+ 127.0% YoY) | 44.0 (+ 26.9% YoY) | 75.6% | 4,220.6 | 380.6 |
| 2025/6 | 32.6 (+ 32.6% YoY) | 29.8 (+ 2.2% YoY) | 91.4% | 3,975.6 | 360.5 |
| 2025/3 | 17.7 (+ 10.7% YoY) | 12.4 (- 11.6% YoY) | 70.1% | 3,676.7 | 326.4 |
| 2024/12 | 34.5 | 45.5 | 132.1% | 3,323.8 | 318.3 |
| 2024/9 | 25.6 | 34.7 | 135.3% | 3,197.2 | 290.6 |
| 2024/6 | 24.6 | 29.2 | 118.6% | 2,886.2 | 285.5 |
| 2024/3 | 16.0 | 14.0 | 87.8% | 2,666.0 | 275.0 |
Income statement items (net interest income and net profit) are cumulative from the beginning of the year; balance sheet items are period-end balances. Source: İş Yatırım financial statements (based on KAP disclosures).
🔎 Fundamental Analysis Summary · automatic
- Net profit margin 5.3% (normal net profit margin).
- Current ratio 0.31 — under short-term liability pressure.
- Dividend yield 4.5%.
Rule-based summary: It is generated from İş Yatırım financial statements (TTM) and TradingView base data with fixed thresholds; no LLM, no hallucination risk. It is not investment advice.
Valuation and Profitability · single source, last 12 months
Last 5 trading days return: -2.4%
| Market value | 298.0 billion TL |
| Equity (2026/6) | 453.2 mlr TL |
| Net profit (last 12 months) | 67.7 mlr TL |
| P/E (last 12 months) | 4.4 |
| P/B | 0.66 |
| ROE (last 12 months) | 14.9% |
| Financial debt / equity | — |
Source: İş Yatırım financial statements (KAP disclosures) — same source as the balance sheet table.
Macro Sensitivity · Banking sector
Regime: high inflation + tight monetary policy (6.27 point real interest) · moderate domestic demand
| Trend | positive |
| Score | +2 |
| Channels | interest rate increase, domestic demand increase |
Sector sensitivity matrix x current macro regime; detail Macroeconomic Evaluation.
Technical Status
| General | STRONG SELL |
| Short term (EMA 5-8-13-21) | SELL |
| Medium term (EMA 34-55) | SELL |
| Long term (EMA 89-144) | SELL |
| Wave Trend (indicator) | SELL |
| Channel position | 5% |
| Trend strength (r) | 0.03 |
| Score | 0 |
EMA sequence + Wave Trend + 60-day regression channel. Details: Technical Scan · Stock Center
Last 7 Days News
- Top-level change at İş Bankası: 4 new deputy general managers appointed — Dünya Gazetesi · 27.10
- İş Bankası, 3 departures and 4 new Deputy General Managers appointed — Investing.com Türkiye · 27.10
- İş Bankası group sees major role change: General managers changing in four companies — Foreks.com · 27.10
- Mehmet Tuğtan becomes Deputy General Manager of İş Bankası — Sigorta Dünyası · 26.10
- İş Bankası and İş Yatırım senior appointments — Bloomberght · 26.10
- Senior appointments at İş Bankası — Ekonomim · 26.10
📋 KAP Notifications
- 23 Ekim 14:58 — Circuit Breaker Notification on a Share Basis→
- 21 October 18:12 — SPK Transaction Ban Due to Share Announcement →
- 30 September 16:20 — Circuit Breaker Notification on a Share Basis→
All notifications: KAP →
📝 Evaluations· prepared manually · last update: 23.09.2026
📈 Technical Analysis
İş Bankası (C) is trading at 13.63 TRY with a 0.89% premium during the day on September 23, 2026. Short-term EMA and Wave Trend are in BUY position; medium and long term are in HOLD — the table is at 2/4 NEUTRAL level. The channel position is at 79%, in the upper band, and the trend strength (r) is -0.25, indicating a structure showing signs of recovery. The stock is priced 5% above its 60-day low of 12.97 TRY and 20% below its peak of 16.94 TRY; it maintains a relatively lagging valuation stance among public and private banks.
🌍 Macroeconomic Evaluation
İş Bankası's macro sensitivity is two-channel: while banking activities benefit from disinflation and the interest rate cut cycle, its industrial subsidiary portfolio is sensitive to domestic demand and export conditions. With CPI declining to 31.5%, CPI-indexed bond income is decreasing; however, interest rate cuts have the potential to repair the net interest margin. Competitive pressure from public banks and the course of deposit costs are the main variables determining margins. The USD/TRY trading at 48.83 and the downward trend in the CDS premium support the return of foreign investors to Turkish banks; İş Bankası is among the candidates that may attract attention in this rotation due to its historical discount. In an environment where gram gold is strong at 6.786 TRY, the stability of the deposit base is being monitored. Main risks include inflation stickiness, declines in subsidiary valuations, and increasing regulatory burdens.
🧾 Balance Sheet Evaluation
İş Bankası kept its net profit flat in the first half of 2026 with a 0.7% annual increase; in the second quarter, it came under pressure against the high base of the previous year with a net profit of 9.7 billion TRY (-44.4%). The bank, which generated a total net profit of 67.7 billion TRY over the last four quarters, has a market value of ~341 billion TRY and trades at ~5.0x P/E and ~0.8x P/B multiples; its pricing below book value reflects the persistent discount created by the holding subsidiary structure. Since FD/EBITDA is not meaningful in banking, the valuation is conducted on the basis of P/E, P/B, and ROE. The last four quarters' ROE is 14.9%, below inflation; the squeeze in net interest margin and the previous year's high securities gains base are pressuring profitability. The decline in the profit/income ratio from 91.4% in the first half of the previous year to 48.5% shows that it is one of the major banks where normalization is felt most sharply. Asset quality and provision ratios are solid; the value of the subsidiary portfolio (especially Şişecam) offers an additional option to book value. The dividend yield of around 4.0% is supportive. In the overall assessment, İş Bankası is a deeply discounted but catalyst-weak value story; the interest rate cut cycle repairing margins and improvement in subsidiary valuations are needed for the discount to close.
This section is manually updated; for informational purposes only, not investment advice.