Turkiye Vakiflar Bankasi TAO (VAKBN) - Net Assets

Latest as of December 2025: TL344.63 Billion TRY ≈ $7.72 Billion USD

Based on the latest financial reports, Turkiye Vakiflar Bankasi TAO (VAKBN) has net assets worth TL344.63 Billion TRY (≈ $7.72 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 (TL5.49 Trillion ≈ $123.03 Billion USD) and total liabilities (TL5.15 Trillion ≈ $115.31 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 Turkiye Vakiflar Bankasi TAO (VAKBN) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL344.63 Billion
% of Total Assets	6.27%
Annual Growth Rate	-27.58%
5-Year Change	535.84%
10-Year Change	1657.63%
Growth Volatility	41.5

Turkiye Vakiflar Bankasi TAO - Net Assets Trend (2000–2025)

This chart illustrates how Turkiye Vakiflar Bankasi TAO's net assets have evolved over time, based on quarterly financial data. See VAKBN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Turkiye Vakiflar Bankasi TAO (2000–2025)

The table below shows the annual net assets of Turkiye Vakiflar Bankasi TAO from 2000 to 2025. For live valuation and market cap data, see VAKBN market cap overview.

Year	Net Assets	Change
2025-12-31	TL344.63 Billion ≈ $7.72 Billion	+45.91%
2024-12-31	TL236.20 Billion ≈ $5.29 Billion	+30.59%
2023-12-31	TL180.88 Billion ≈ $4.05 Billion	+69.80%
2022-12-31	TL106.53 Billion ≈ $2.39 Billion	+96.54%
2021-12-31	TL54.20 Billion ≈ $1.21 Billion	+14.95%
2020-12-31	TL47.15 Billion ≈ $1.06 Billion	+40.53%
2019-12-31	TL33.55 Billion ≈ $751.48 Million	+15.28%
2018-12-31	TL29.11 Billion ≈ $651.89 Million	+23.21%
2017-12-31	TL23.62 Billion ≈ $529.09 Million	+20.48%
2016-12-31	TL19.61 Billion ≈ $439.16 Million	+10.51%
2015-12-31	TL17.74 Billion ≈ $397.39 Million	+18.60%
2014-12-31	TL14.96 Billion ≈ $335.08 Million	+19.96%
2013-12-31	TL12.47 Billion ≈ $279.32 Million	+5.43%
2012-12-31	TL11.83 Billion ≈ $264.94 Million	+13.09%
2011-12-31	TL10.46 Billion ≈ $234.27 Million	+21.92%
2010-12-31	TL8.58 Billion ≈ $192.15 Million	+6.91%
2009-12-31	TL8.02 Billion ≈ $179.73 Million	+27.23%
2008-12-31	TL6.31 Billion ≈ $141.26 Million	+11.83%
2007-12-31	TL5.64 Billion ≈ $126.31 Million	+12.81%
2006-12-31	TL5.00 Billion ≈ $111.96 Million	+6.48%
2005-12-31	TL4.69 Billion ≈ $105.15 Million	-100.00%
2004-12-31	TL2217.42 Trillion ≈ $49.66 Trillion	+75.34%
2003-12-31	TL1264.67 Trillion ≈ $28.33 Trillion	+58.37%
2002-12-31	TL798.53 Trillion ≈ $17.89 Trillion	+102.83%
2001-12-31	TL393.70 Trillion ≈ $8.82 Trillion	-64.11%
2000-12-31	TL1096.85 Trillion ≈ $24.57 Trillion	--

Equity Component Analysis

This analysis shows how different components contribute to Turkiye Vakiflar Bankasi TAO'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 9322198600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	TL93.22 Billion	28.38%
Other Components	TL235.27 Billion	71.62%
Total Equity	TL328.49 Billion	100.00%

Turkiye Vakiflar Bankasi TAO Competitors by Market Cap

The table below lists competitors of Turkiye Vakiflar Bankasi TAO ranked by their market capitalization.

Company	Market Cap
China Avionics Systems Co Ltd SHG:600372	$7.77 Billion
AXIS Capital Holdings Ltd NYSE:AXS	$7.78 Billion
DUFRY AG UNSP.ADR/010 F:D2JA	$7.78 Billion
Charter Hall Group AU:CHC	$7.79 Billion
Zurn Elkay Water Solutions Corporation NYSE:ZWS	$7.76 Billion
NEXTDC Ltd AU:NXT	$7.76 Billion
GAZTR.TECHNI.U.ADR1/5EO01 F:9TG0	$7.76 Billion
Rainbow Robotics Inc. KQ:277810	$7.76 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 226,101,812,000 to 328,490,550,000, a change of 102,388,738,000 (45.3%).
Net income of 77,158,893,000 contributed positively to equity growth.
Other factors increased equity by 25,229,845,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	TL77.16 Billion	+23.49%
Other Changes	TL25.23 Billion	+7.68%
Total Change	TL-	45.28%

Book Value vs Market Value Analysis

This analysis compares Turkiye Vakiflar Bankasi TAO'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: 1.06x
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 19.07x to 1.06x 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	TL1.84	TL35.00	x
2018-12-31	TL2.27	TL35.00	x
2019-12-31	TL2.61	TL35.00	x
2020-12-31	TL2.38	TL35.00	x
2021-12-31	TL2.71	TL35.00	x
2022-12-31	TL14.73	TL35.00	x
2023-12-31	TL17.68	TL35.00	x
2024-12-31	TL22.80	TL35.00	x
2025-12-31	TL33.13	TL35.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Turkiye Vakiflar Bankasi TAO 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): 23.49%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 30.76%
• Asset Turnover: 0.05x
• Equity Multiplier: 16.72x
Recent ROE (23.49%) is above the historical average (19.20%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	56.07%	11.14%	0.21x	24.40x	TL260.81 Trillion
2003	34.25%	12.38%	0.16x	17.52x	TL252.23 Trillion
2004	39.81%	22.59%	0.13x	13.16x	TL578.23 Trillion
2005	16.33%	17.41%	0.12x	7.78x	TL276.88 Million
2006	16.48%	16.49%	0.12x	8.37x	TL301.51 Million
2007	19.53%	18.21%	0.13x	8.24x	TL511.83 Million
2008	14.73%	12.66%	0.13x	9.09x	TL283.95 Million
2009	17.25%	19.16%	0.10x	8.68x	TL560.01 Million
2010	13.97%	17.54%	0.09x	9.22x	TL330.67 Million
2011	15.24%	21.34%	0.08x	9.31x	TL526.38 Million
2012	12.45%	15.12%	0.09x	9.45x	TL280.31 Million
2013	13.59%	13.97%	0.08x	11.49x	TL436.29 Million
2014	12.47%	14.35%	0.08x	11.30x	TL358.23 Million
2015	9.10%	23.08%	0.04x	11.00x	TL-154.03 Million
2016	14.62%	30.00%	0.04x	11.57x	TL881.92 Million
2017	17.14%	33.26%	0.04x	12.24x	TL1.64 Billion
2018	16.02%	28.21%	0.05x	12.15x	TL1.71 Billion
2019	10.31%	19.38%	0.04x	13.25x	TL101.24 Million
2020	13.66%	27.55%	0.03x	15.35x	TL1.70 Billion
2021	9.75%	24.44%	0.02x	19.42x	TL-132.64 Million
2022	24.65%	27.59%	0.05x	16.30x	TL15.34 Billion
2023	18.06%	26.76%	0.04x	16.31x	TL14.13 Billion
2024	21.76%	31.40%	0.04x	18.11x	TL26.58 Billion
2025	23.49%	30.76%	0.05x	16.72x	TL44.31 Billion

Industry Comparison

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

Industry Context

Industry: Banks - Regional
Average net assets among peers: $635,080,203,362,200
Average return on equity (ROE) among peers: 12.72%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Turkiye Vakiflar Bankasi TAO (VAKBN)	TL344.63 Billion	56.07%	14.94x	$7.77 Billion
Akbank TAS (AKBNK)	$211.22 Billion	31.48%	8.02x	$9.53 Billion
Albaraka Turk Katilim Bankasi AS (ALBRK)	$2.65 Billion	9.46%	12.73x	$481.54 Million
Turkiye Garanti Bankasi A.S. (GARAN)	$31.20 Billion	11.48%	7.96x	$13.52 Billion
Turkiye Halk Bankasi (HALKB)	$142.91 Billion	11.78%	15.07x	$7.64 Billion
ICBC Turkey Bank AS (ICBCT)	$462.81 Million	3.49%	3.62x	$412.20 Million
Turkiye Is Bankasi AS Class C (ISCTR)	$15.31 Billion	16.32%	7.42x	$8.60 Billion
Turkiye Kalkinma Bankasi AS (KLNMA)	$642.60 Million	7.30%	5.09x	$2.03 Billion
Qnb Finansbank AS (QNBTR)	$16.77 Billion	17.08%	10.19x	$26.53 Billion
Haci Omer Sabanci Holding AS (SAHOL)	$6350.38 Trillion	5.52%	3.81x	$4.67 Billion
Sekerbank TAS (SKBNK)	$1.87 Billion	13.34%	7.12x	$873.50 Million

About Turkiye Vakiflar Bankasi TAO

IS:VAKBN Turkey Banks - Regional

Market Cap

$7.77 Billion

TL347.06 Billion TRY

Market Cap Rank

#2716 Global

#11 in Turkey

Share Price

TL35.00

Change (1 day)

-0.46%

52-Week Range

TL22.06 - TL42.22

All Time High

TL42.22