Turkiye Kalkinma Bankasi AS (KLNMA) - Net Assets

Latest as of September 2025: TL31.02 Billion TRY ≈ $694.82 Million USD

Based on the latest financial reports, Turkiye Kalkinma Bankasi AS (KLNMA) has net assets worth TL31.02 Billion TRY (≈ $694.82 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL191.06 Billion ≈ $4.28 Billion USD) and total liabilities (TL160.04 Billion ≈ $3.58 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 financial resilience of Turkiye Kalkinma Bankasi AS to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL31.02 Billion
% of Total Assets	16.24%
Annual Growth Rate	41.03%
5-Year Change	457.53%
10-Year Change	2744.69%
Growth Volatility	25.44

Turkiye Kalkinma Bankasi AS - Net Assets Trend (2014–2024)

This chart illustrates how Turkiye Kalkinma Bankasi AS's net assets have evolved over time, based on quarterly financial data. Also explore Turkiye Kalkinma Bankasi AS total assets for the complete picture of this company's asset base.

Annual Net Assets for Turkiye Kalkinma Bankasi AS (2014–2024)

The table below shows the annual net assets of Turkiye Kalkinma Bankasi AS from 2014 to 2024. For live valuation and market cap data, see Turkiye Kalkinma Bankasi AS (KLNMA) total market value.

Year	Net Assets	Change
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 2169.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	TL6.18 Billion	30.87%
Other Components	TL13.83 Billion	69.13%
Total Equity	TL20.01 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
First Busey Corp NASDAQ:BUSE	$2.13 Billion
Mobileye Global Inc. Class A Common Stock NASDAQ:MBLY	$2.13 Billion
Autohome Inc ADR F:8AHB	$2.13 Billion
IHS HOLDING LTD. DL-3 F:4JB	$2.13 Billion
Shenzhen Sinexcel Electric Co Ltd SHE:300693	$2.13 Billion
Mr Price Group Ltd JSE:MRP	$2.13 Billion
Navitas Semiconductor Corp NASDAQ:NVTS	$2.13 Billion
Shenzhen Hymson Laser Intelligent Equipments Co Ltd SHG:688559	$2.12 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 2023 to 2024, total equity changed from 10,882,672,000 to 20,005,400,000, a change of 9,122,728,000 (83.8%).
Net income of 6,175,535,000 contributed positively to equity growth.
New share issuances of 3,001,383,000 increased equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL6.18 Billion	+30.87%
Share Issuances	TL3.00 Billion	+15.0%
Other Changes	TL-54.19 Million	-0.27%
Total Change	TL-	83.83%

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: 4.48x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 11.56x to 4.48x 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	TL9.50	x
2018-12-31	TL0.93	TL9.50	x
2019-12-31	TL1.49	TL9.50	x
2020-12-31	TL2.24	TL9.50	x
2021-12-31	TL2.23	TL9.50	x
2022-12-31	TL2.74	TL9.50	x
2023-12-31	TL1.19	TL9.50	x
2024-12-31	TL2.12	TL9.50	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): 30.87%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 57.49%
• Asset Turnover: 0.07x
• Equity Multiplier: 7.68x
Recent ROE (30.87%) is above the historical average (17.36%), 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

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: $13,210,463,778
Average return on equity (ROE) among peers: 15.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Turkiye Kalkinma Bankasi AS (KLNMA)	TL31.02 Billion	7.30%	5.16x	$2.13 Billion
Akbank TAS (AKBNK)	$18.29 Billion	14.14%	6.61x	$8.53 Billion
Albaraka Turk Katilim Bankasi AS (ALBRK)	$2.10 Billion	14.35%	13.08x	$470.91 Million
Turkiye Garanti Bankasi A.S. (GARAN)	$7.25 Billion	33.47%	9.39x	$12.59 Billion
Turkiye Halk Bankasi (HALKB)	$25.53 Billion	15.82%	11.23x	$6.09 Billion
ICBC Turkey Bank AS (ICBCT)	$601.63 Million	0.04%	10.04x	$323.98 Million
Turkiye Is Bankasi AS Class C (ISCTR)	$8.63 Billion	8.62%	4.12x	$8.03 Billion
Qnb Finansbank AS (QNBTR)	$44.28 Billion	38.90%	13.03x	$30.43 Billion
Haci Omer Sabanci Holding AS (SAHOL)	$10.88 Billion	6.25%	2.98x	$4.43 Billion
Sekerbank TAS (SKBNK)	$1.33 Billion	9.79%	7.69x	$687.04 Million

About Turkiye Kalkinma Bankasi AS

IS:KLNMA Turkey Banks - Regional

Market Cap

$2.13 Billion

TL95.00 Billion TRY

Market Cap Rank

#6035 Global

#45 in Turkey

Share Price

TL9.50

Change (1 day)

-0.73%

52-Week Range

TL6.30 - TL15.75

All Time High

TL32.32