Turkiye Kalkinma Bankasi AS (KLNMA) - Net Assets

Latest as of December 2025: TL33.63 Billion TRY ≈ $753.23 Million USD

Based on the latest financial reports, Turkiye Kalkinma Bankasi AS (KLNMA) has net assets worth TL33.63 Billion TRY (≈ $753.23 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL204.52 Billion ≈ $4.58 Billion USD) and total liabilities (TL170.89 Billion ≈ $3.83 Billion 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 KLNMA goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL33.63 Billion
% of Total Assets	16.44%
Annual Growth Rate	43.3%
5-Year Change	653.09%
10-Year Change	4238.67%
Growth Volatility	25.28

Turkiye Kalkinma Bankasi AS - Net Assets Trend (2014–2025)

This chart illustrates how Turkiye Kalkinma Bankasi AS's net assets have evolved over time, based on quarterly financial data. See Turkiye Kalkinma Bankasi AS defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Turkiye Kalkinma Bankasi AS (2014–2025)

The table below shows the annual net assets of Turkiye Kalkinma Bankasi AS from 2014 to 2025. For live valuation and market cap data, see Turkiye Kalkinma Bankasi AS (KLNMA) total market value.

Year	Net Assets	Change
2025-12-31	TL33.63 Billion ≈ $753.23 Million	+68.11%
2024-12-31	TL20.01 Billion ≈ $448.07 Million	+83.83%
2023-12-31	TL10.88 Billion ≈ $243.74 Million	+58.78%
2022-12-31	TL6.85 Billion ≈ $153.51 Million	+53.48%
2021-12-31	TL4.47 Billion ≈ $100.02 Million	+24.45%
2020-12-31	TL3.59 Billion ≈ $80.37 Million	+52.27%
2019-12-31	TL2.36 Billion ≈ $52.78 Million	+66.26%
2018-12-31	TL1.42 Billion ≈ $31.74 Million	+12.82%
2017-12-31	TL1.26 Billion ≈ $28.14 Million	+62.07%
2016-12-31	TL775.13 Million ≈ $17.36 Million	+10.22%
2015-12-31	TL703.25 Million ≈ $15.75 Million	+9.44%
2014-12-31	TL642.60 Million ≈ $14.39 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Turkiye Kalkinma 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 3210.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	TL9.01 Billion	26.78%
Other Components	TL24.62 Billion	73.22%
Total Equity	TL33.63 Billion	100.00%

Turkiye Kalkinma Bankasi AS Competitors by Market Cap

The table below lists competitors of Turkiye Kalkinma Bankasi AS ranked by their market capitalization.

Company	Market Cap
Liberty Global PLC NASDAQ:LBTYA	$2.11 Billion
Energa S.A. WAR:ENG	$2.11 Billion
ARMOUR Residential REIT Inc NYSE:ARR	$2.11 Billion
Elang Mahkota Teknologi Tbk JK:EMTK	$2.11 Billion
Nayax Ltd NASDAQ:NYAX	$2.11 Billion
Northern Oil & Gas Inc NYSE:NOG	$2.11 Billion
Oesterr. Post AG VI:POST	$2.11 Billion
NORINCO International Cooperation Ltd SHE:000065	$2.11 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Turkiye Kalkinma Bankasi AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 20,005,400,000 to 33,630,194,000, a change of 13,624,794,000 (68.1%).
Net income of 9,006,859,000 contributed positively to equity growth.
New share issuances of 4,500,826,000 increased equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	TL9.01 Billion	+26.78%
Share Issuances	TL4.50 Billion	+13.38%
Other Changes	TL117.11 Million	+0.35%
Total Change	TL-	68.11%

Book Value vs Market Value Analysis

This analysis compares Turkiye Kalkinma 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: 2.80x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 11.48x to 2.80x 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	TL0.82	TL9.43	x
2018-12-31	TL0.93	TL9.43	x
2019-12-31	TL1.49	TL9.43	x
2020-12-31	TL2.24	TL9.43	x
2021-12-31	TL2.23	TL9.43	x
2022-12-31	TL2.74	TL9.43	x
2023-12-31	TL1.19	TL9.43	x
2024-12-31	TL2.12	TL9.43	x
2025-12-31	TL3.36	TL9.43	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Turkiye Kalkinma 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): 26.78%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 59.85%
• Asset Turnover: 0.07x
• Equity Multiplier: 6.08x
Recent ROE (26.78%) is above the historical average (18.15%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	7.30%	35.56%	0.03x	6.09x	TL-17.36 Million
2015	8.92%	39.54%	0.03x	6.79x	TL-7.59 Million
2016	9.18%	37.85%	0.03x	9.09x	TL-6.39 Million
2017	10.21%	44.29%	0.03x	7.15x	TL2.64 Million
2018	11.31%	33.29%	0.03x	11.09x	TL18.56 Million
2019	18.97%	58.52%	0.04x	8.22x	TL211.46 Million
2020	13.99%	64.15%	0.03x	7.82x	TL143.02 Million
2021	18.28%	50.57%	0.03x	10.83x	TL369.90 Million
2022	24.81%	52.43%	0.04x	13.38x	TL1.02 Billion
2023	37.15%	56.89%	0.05x	12.47x	TL2.95 Billion
2024	30.87%	57.49%	0.07x	7.68x	TL4.17 Billion
2025	26.78%	59.85%	0.07x	6.08x	TL5.64 Billion

Industry Comparison

This section compares Turkiye Kalkinma Bankasi AS's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $35,216,429,373,222
Average return on equity (ROE) among peers: 15.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Turkiye Kalkinma Bankasi AS (KLNMA)	TL33.63 Billion	7.30%	5.08x	$2.11 Billion
Akbank TAS (AKBNK)	$22.48 Billion	13.37%	6.27x	$8.94 Billion
Albaraka Turk Katilim Bankasi AS (ALBRK)	$205.22 Trillion	0.00%	4.85x	$494.42 Million
Turkiye Garanti Bankasi A.S. (GARAN)	$446.64 Billion	24.59%	9.18x	$13.26 Billion
Turkiye Halk Bankasi (HALKB)	$8.56 Billion	23.68%	9.77x	$7.84 Billion
ICBC Turkey Bank AS (ICBCT)	$110.70 Trillion	24.24%	9.71x	$407.96 Million
Turkiye Is Bankasi AS Class C (ISCTR)	$55.61 Billion	12.12%	7.99x	$8.34 Billion
Qnb Finansbank AS (QNBTR)	$12.43 Billion	14.26%	9.56x	$27.15 Billion
Haci Omer Sabanci Holding AS (SAHOL)	$473.31 Billion	-3.27%	5.49x	$4.69 Billion
Sekerbank TAS (SKBNK)	$6.84 Billion	26.99%	9.09x	$822.55 Million

About Turkiye Kalkinma Bankasi AS

IS:KLNMA Turkey Banks - Regional

Market Cap

$2.11 Billion

TL94.30 Billion TRY

Market Cap Rank

#6133 Global

#41 in Turkey

Share Price

TL9.43

Change (1 day)

+1.40%

52-Week Range

TL6.30 - TL15.75

All Time High

TL32.32