TURKIYE GARANTI BANKASI AS (GBKB) - Net Assets
Based on the latest financial reports, TURKIYE GARANTI BANKASI AS (GBKB) has net assets worth €446.64 Billion EUR (≈ $522.16 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.55 Trillion ≈ $5.32 Trillion USD) and total liabilities (€4.10 Trillion ≈ $4.79 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of TURKIYE GARANTI BANKASI AS to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €446.64 Billion |
| % of Total Assets | 9.82% |
| Annual Growth Rate | 29.2% |
| 5-Year Change | 456.2% |
| 10-Year Change | 1147.73% |
| Growth Volatility | 23.29 |
TURKIYE GARANTI BANKASI AS - Net Assets Trend (2014–2025)
This chart illustrates how TURKIYE GARANTI BANKASI AS's net assets have evolved over time, based on quarterly financial data. Also explore GBKB asset base for the complete picture of this company's asset base.
Annual Net Assets for TURKIYE GARANTI BANKASI AS (2014–2025)
The table below shows the annual net assets of TURKIYE GARANTI BANKASI AS from 2014 to 2025. For live valuation and market cap data, see TURKIYE GARANTI BANKASI AS market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €446.64 Billion ≈ $522.16 Billion |
+34.77% |
| 2024-12-31 | €331.41 Billion ≈ $387.45 Billion |
+34.93% |
| 2023-12-31 | €245.62 Billion ≈ $287.16 Billion |
+60.41% |
| 2022-12-31 | €153.12 Billion ≈ $179.02 Billion |
+90.69% |
| 2021-12-31 | €80.30 Billion ≈ $93.88 Billion |
+28.67% |
| 2020-12-31 | €62.41 Billion ≈ $72.96 Billion |
+15.46% |
| 2019-12-31 | €54.05 Billion ≈ $63.19 Billion |
+15.28% |
| 2018-12-31 | €46.89 Billion ≈ $54.82 Billion |
+12.69% |
| 2017-12-31 | €41.61 Billion ≈ $48.64 Billion |
+16.23% |
| 2016-12-31 | €35.80 Billion ≈ $41.85 Billion |
+14.72% |
| 2015-12-31 | €31.20 Billion ≈ $36.48 Billion |
+17.04% |
| 2014-12-31 | €26.66 Billion ≈ $31.17 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to TURKIYE GARANTI BANKASI AS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 412.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €109.91 Billion | 24.75% |
| Other Components | €334.16 Billion | 75.25% |
| Total Equity | €444.07 Billion | 100.00% |
TURKIYE GARANTI BANKASI AS Competitors by Market Cap
The table below lists competitors of TURKIYE GARANTI BANKASI AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Poly Real Estate Group Co Ltd
SHG:600048
|
$10.76 Billion |
|
China Eastern Airlines Corp Ltd
SHG:600115
|
$10.76 Billion |
|
Sime Darby Plantation Bhd
KLSE:5285
|
$10.77 Billion |
|
Alcoa Corp
NYSE:AA
|
$10.77 Billion |
|
Encompass Health Corp
NYSE:EHC
|
$10.75 Billion |
|
Sonova H Ag
SW:SOON
|
$10.75 Billion |
|
Far EasTone Telecommunications Co Ltd
TW:4904
|
$10.74 Billion |
|
Antero Resources Corp
NYSE:AR
|
$10.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TURKIYE GARANTI BANKASI AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 329,788,449,000 to 444,072,860,000, a change of 114,284,411,000 (34.7%).
- Net income of 109,816,312,000 contributed positively to equity growth.
- Dividend payments of 18,963,034,000 reduced retained earnings.
- Other factors increased equity by 23,431,133,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €109.82 Billion | +24.73% |
| Dividends Paid | €18.96 Billion | -4.27% |
| Other Changes | €23.43 Billion | +5.28% |
| Total Change | €- | 34.65% |
Book Value vs Market Value Analysis
This analysis compares TURKIYE GARANTI BANKASI AS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.03x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.29x to 0.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €9.83 | €2.84 | x |
| 2018-12-31 | €11.12 | €2.84 | x |
| 2019-12-31 | €12.80 | €2.84 | x |
| 2020-12-31 | €14.80 | €2.84 | x |
| 2021-12-31 | €19.04 | €2.84 | x |
| 2022-12-31 | €36.34 | €2.84 | x |
| 2023-12-31 | €58.26 | €2.84 | x |
| 2024-12-31 | €78.52 | €2.84 | x |
| 2025-12-31 | €105.73 | €2.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TURKIYE GARANTI BANKASI AS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.76%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 10.24x
- Recent ROE (24.73%) is above the historical average (19.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 13.78% | 35.92% | 0.04x | 9.11x | €1.00 Billion |
| 2015 | 11.56% | 31.87% | 0.04x | 9.03x | €483.19 Million |
| 2016 | 14.37% | 30.19% | 0.05x | 8.79x | €1.55 Billion |
| 2017 | 15.34% | 32.23% | 0.06x | 8.63x | €2.20 Billion |
| 2018 | 14.23% | 23.45% | 0.07x | 8.55x | €1.97 Billion |
| 2019 | 11.46% | 20.01% | 0.07x | 7.97x | €787.23 Million |
| 2020 | 10.14% | 16.09% | 0.07x | 8.70x | €88.94 Million |
| 2021 | 16.84% | 21.91% | 0.07x | 10.63x | €5.47 Billion |
| 2022 | 38.19% | 43.82% | 0.10x | 8.54x | €43.02 Billion |
| 2023 | 35.30% | 43.33% | 0.09x | 9.00x | €61.90 Billion |
| 2024 | 27.67% | 31.77% | 0.10x | 9.10x | €58.26 Billion |
| 2025 | 24.73% | 26.76% | 0.09x | 10.24x | €65.41 Billion |
Industry Comparison
This section compares TURKIYE GARANTI BANKASI AS's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,686,456,747,900
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TURKIYE GARANTI BANKASI AS (GBKB) | €446.64 Billion | 13.78% | 9.18x | $10.75 Billion |
| Grupo Supervielle S.A (189A) | $53.42 Billion | -1.61% | 6.34x | $610.24 Million |
| Bank of Zhengzhou Co. Ltd (3BZ) | $39.89 Billion | 8.24% | 11.55x | $252.75 Million |
| Manx Financial Group PLC (3IM) | $37.31 Million | 21.71% | 12.34x | $31.55 Million |
| Postal Savings Bank of China Co Ltd (3YB) | $544.88 Billion | 11.18% | 17.75x | $12.54 Billion |
| PO.S.B.O. UNSP.ADRS/20YC1 (3YB0) | $1.03 Trillion | 8.38% | 15.56x | $13.93 Billion |
| TISCO Financial Group Public Company Limited (47TA) | $34.73 Billion | 17.53% | 7.74x | $2.49 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $26.12 Billion | 7.27% | 10.72x | $1.47 Billion |
| Harbin Bank Co. Ltd (5H6) | $42.41 Billion | 12.38% | 12.31x | $137.86 Million |
| JAPAN POST BK UNSP.ADR/1 (5JP0) | $9.65 Trillion | 3.37% | 22.79x | $53.42 Billion |
| Grupo Aval Acciones y Valores S.A (6GAA) | $35.44 Trillion | 6.63% | 8.11x | $1.61 Billion |
About TURKIYE GARANTI BANKASI AS
Turkiye Garanti Bankasi A.S. provides various banking products and services in Turkey. It offers current, savings, time deposit, e-savings, YUVAM, NET, ELMA, overdraft, and gold accounts; SME general purpose, auto, mortgage, commercial, foreign currency spot, installment loans, and project loans, as well as IBOR reforms and foreign trade financing; investment funds, stocks, derivatives, Garanti B… Read more