İş Bankası reports TL 10.4 billion net profit

The bank's net profit declined 26% compared with the same period last year but increased 8% quarter over quarter. İş Bankası's total net profit for the first nine months of the year reached TL 40.4 billion. Net interest income excluding swap costs rose 42% year over year to TL 36.3 billion in the third quarter.

The bank's net interest income including swap costs increased 20% quarter over quarter to TL 24.4 billion, while its net interest margin improved by 30 basis points to 2.4%. Net fee and commission income reached TL 44.2 billion in the third quarter, while operating expenses totaled TL 55.5 billion. Meanwhile, the non-performing loan ratio increased from 3.8% to 4.2%. İş Bankası maintained its 2026 guidance for Turkish lira loan growth in the mid-30% range and a net interest margin of 3.2%–3.4%.