{"id":1004,"date":"2026-02-09T22:58:07","date_gmt":"2026-02-09T19:58:07","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1004"},"modified":"2026-02-09T22:58:07","modified_gmt":"2026-02-09T19:58:07","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-vakbn-turkiye-vakiflar-bankasi-2025-12-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1004","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #VAKBN | T\u00fcrkiye Vak\u0131flar Bankas\u0131 2025\/12 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/VAKBN--Trkiye-Vakflar-Bankas-202512-Bilano-Analizi---VakfBank-Rekor-Krnn-Arkasndaki-Deneti-Uyars-e3ervhh\/a-acfc05t\" width=\"400px\" height=\"102px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h1>Vak\u0131fBank 2025 Finansal Raporu: Rakamlar\u0131n \u00d6tesindeki 5 Kritik G\u00f6zlem<\/h1>\n<h2>Giri\u015f: Devlerin Bilan\u00e7osu Bize Ne Anlat\u0131yor?<\/h2>\n<p>Bir bankan\u0131n y\u0131l sonu finansal raporu, sadece alt alta dizilmi\u015f so\u011fuk rakamlardan ibaret de\u011fildir; o rakamlar asl\u0131nda kurumun ge\u00e7mi\u015f bir y\u0131l\u0131n\u0131n \u00f6zeti, gelecekteki stratejilerinin yol haritas\u0131 ve kar\u015f\u0131la\u015ft\u0131\u011f\u0131 risklere kar\u015f\u0131 ald\u0131\u011f\u0131 savunma pozisyonunun bir hikayesidir. T\u00fcrkiye\u2019nin ekonomik ekosisteminde devasa bir yer tutan <b>Vak\u0131fBank<\/b>, 31 Aral\u0131k 2025 itibar\u0131yla yay\u0131mlad\u0131\u011f\u0131 konsolide olmayan finansal raporuyla bu yerini daha da peki\u015ftirirken, piyasalara hem b\u00fcy\u00fcme hem de &#8220;ihtiyatl\u0131l\u0131k&#8221; mesaj\u0131 veriyor. Ancak bir analist g\u00f6z\u00fcyle bak\u0131ld\u0131\u011f\u0131nda, bu bilan\u00e7onun sat\u0131r aralar\u0131nda k\u00e2r y\u00f6netimi tercihlerinden stratejik varl\u0131k de\u011fi\u015fimlerine kadar pek \u00e7ok kritik detay gizli. 5.3 trilyon TL\u2019lik bir varl\u0131k ekosistemini ve ba\u011f\u0131ms\u0131z denet\u00e7ilerin merce\u011fine tak\u0131lan kilit noktalar\u0131 derinlemesine inceliyoruz.<\/p>\n<h2>8 Milyar TL&#8217;lik &#8220;Serbest Kar\u015f\u0131l\u0131k&#8221; Bilmecesi ve Gelir Y\u00f6netimi<\/h2>\n<p>Vak\u0131fBank\u2019\u0131n 2025 raporundaki en tart\u0131\u015fmal\u0131 detay, ba\u011f\u0131ms\u0131z denetim kurulu\u015fu <b>EY (G\u00fcney Ba\u011f\u0131ms\u0131z Denetim)<\/b> taraf\u0131ndan rapora eklenen &#8220;S\u0131n\u0131rl\u0131 Olumlu G\u00f6r\u00fc\u015f&#8221; notudur. Banka y\u00f6netimi, ekonomide ya\u015fanabilecek olas\u0131 olumsuzluklara kar\u015f\u0131 bir &#8220;ihtiyatl\u0131l\u0131k pay\u0131&#8221; olu\u015fturmak amac\u0131yla toplam <b>8.000.000 Bin TL<\/b> tutar\u0131nda serbest kar\u015f\u0131l\u0131k ay\u0131rm\u0131\u015f durumda.<\/p>\n<p>Buradaki kritik nokta, bu kar\u015f\u0131l\u0131\u011f\u0131n bir &#8220;gelir y\u00f6netimi&#8221; arac\u0131 olarak kullan\u0131lmas\u0131d\u0131r. Banka, ge\u00e7mi\u015f y\u0131llarda ay\u0131rd\u0131\u011f\u0131 15 milyar TL\u2019lik kar\u015f\u0131l\u0131\u011f\u0131n 11 milyar TL\u2019sini bu y\u0131l iptal ederek gelire kaydetmi\u015f, ancak hemen ard\u0131ndan 4 milyar TL yeni kar\u015f\u0131l\u0131k ay\u0131rarak bakiyeyi 8 milyar TL&#8217;ye sabitlemi\u015ftir. Denet\u00e7i firma, bu durumun muhasebe standartlar\u0131yla (\u00f6zellikle TMS 37 ile) \u00e7eli\u015fti\u011fini \u015fu net ifadeyle belirtiyor:<\/p>\n<p>&#8220;&#8230;toplam 8,000,000 Bin TL tutar\u0131nda, TMS 37 &#8216;Kar\u015f\u0131l\u0131klar, Ko\u015fullu Bor\u00e7lar Ve Ko\u015fullu Varl\u0131klar&#8217;\u0131n muhasebele\u015ftirme kriterlerini kar\u015f\u0131lamayan serbest kar\u015f\u0131l\u0131\u011f\u0131n etkilerini i\u00e7ermektedir.&#8221;<\/p>\n<p>Bu tablo bize \u015funu s\u00f6yl\u00fcyor: Vak\u0131fBank, standartlar\u0131n d\u0131\u015f\u0131na \u00e7\u0131kma pahas\u0131na k\u00e2r\u0131n\u0131 8 milyar TL daha d\u00fc\u015f\u00fck g\u00f6stermeyi tercih ederek kendine devasa bir &#8220;savunma tamponu&#8221; olu\u015fturmu\u015ftur.<\/p>\n<h2>70 Milyar TL Net K\u00e2r: Komisyon Motoruyla Gelen Rekor<\/h2>\n<p>Banka, 2025 y\u0131l\u0131n\u0131 karl\u0131l\u0131k a\u00e7\u0131s\u0131ndan tarihi bir s\u0131\u00e7ramayla kapatt\u0131. 2024 y\u0131l\u0131 sonunda <b>40.375.301 Bin TL<\/b> olan net d\u00f6nem k\u00e2r\u0131, 2025 sonunda %73,5 gibi \u00e7arp\u0131c\u0131 bir art\u0131\u015fla <b>70.050.312 Bin TL<\/b> seviyesine ula\u015ft\u0131.<\/p>\n<p>Bu k\u00e2r art\u0131\u015f\u0131n\u0131n arkas\u0131ndaki as\u0131l hikaye ise <b>&#8220;Net \u00dccret ve Komisyon Gelirleri&#8221;<\/b> kaleminde gizli. 2024\u2019te 46.4 milyar TL olan bu gelirler, 2025\u2019te %56\u2019l\u0131k bir art\u0131\u015fla <b>72.693.392 Bin TL<\/b>&#8216;ye f\u0131rlayarak operasyonel karl\u0131l\u0131\u011f\u0131n ana motoru haline gelmi\u015ftir. \u015eayet yukar\u0131da bahsetti\u011fimiz 8 milyar TL&#8217;lik serbest kar\u015f\u0131l\u0131k ayr\u0131lmasayd\u0131, bankan\u0131n piyasaya ilan edece\u011fi k\u00e2r \u00e7ok daha radikal bir seviyede olacakt\u0131. Bu durum, bankan\u0131n \u00f6zkaynaklar\u0131n\u0131 g\u00fc\u00e7lendirme konusundaki i\u015ftah\u0131n\u0131 net bir \u015fekilde ortaya koyuyor.<\/p>\n<h2>5.3 Trilyon TL: Devletin Finans\u00f6r\u00fc ve B\u00fcy\u00fcyen Operasyon<\/h2>\n<p>Vak\u0131fBank&#8217;\u0131n varl\u0131k b\u00fcy\u00fckl\u00fc\u011f\u00fc, T\u00fcrkiye ekonomisindeki yerini her ge\u00e7en g\u00fcn daha da merkezile\u015ftiriyor. 2024 y\u0131l\u0131nda 4 trilyon TL seviyelerinde olan toplam varl\u0131klar, 2025 sonu itibar\u0131yla <b>5.388.289.819 Bin TL<\/b>\u2019ye y\u00fckselmi\u015ftir.<\/p>\n<p>Ancak b\u00fcy\u00fcmenin mimarisi dikkat \u00e7ekicidir. Evet, krediler 3 trilyon TL s\u0131n\u0131r\u0131n\u0131 a\u015farak reel sekt\u00f6r\u00fc desteklemeye devam ediyor; ancak as\u0131l stratejik kayma &#8220;\u0130tfa Edilmi\u015f Maliyetiyle \u00d6l\u00e7\u00fclen Finansal Varl\u0131klar&#8221; i\u00e7indeki <b>Devlet Bor\u00e7lanma Senetleri<\/b> kaleminde ya\u015fanm\u0131\u015ft\u0131r. Bu kalem bir y\u0131l i\u00e7inde 381.8 milyar TL\u2019den <b>656.6 milyar TL<\/b>\u2019ye \u00e7\u0131km\u0131\u015ft\u0131r. Bu veri, bankan\u0131n sadece halk\u0131n ve reel sekt\u00f6r\u00fcn de\u011fil, kamunun finansman\u0131nda da a\u011f\u0131rl\u0131\u011f\u0131n\u0131 ciddi \u015fekilde art\u0131rd\u0131\u011f\u0131n\u0131 g\u00f6stermektedir. Bu devasa operasyonu y\u00f6netmek i\u00e7in banka, personel say\u0131s\u0131n\u0131 da bir y\u0131lda <b>938 ki\u015fi<\/b> art\u0131rarak <b>19.147 \u00e7al\u0131\u015fana<\/b> ula\u015ft\u0131rm\u0131\u015f ve \u015fube a\u011f\u0131n\u0131 <b>980<\/b> noktaya ta\u015f\u0131m\u0131\u015ft\u0131r.<\/p>\n<h2>Kilit Denetim Konusu: TFRS 9 ve Aktif Kalitesi<\/h2>\n<p>Bankac\u0131l\u0131kta modern risk y\u00f6netimi, art\u0131k &#8220;bug\u00fcn\u00fcn rakamlar\u0131n\u0131 yazmak&#8221; de\u011fil, &#8220;gelecekteki f\u0131rt\u0131nalar\u0131 modellemek&#8221; \u00fczerine kurulu. Denetim raporunda yer alan <b>TFRS 9<\/b> kapsam\u0131ndaki beklenen kredi zararlar\u0131, raporun en sofistike alan\u0131d\u0131r.<\/p>\n<p>Banka; temerr\u00fct olas\u0131l\u0131\u011f\u0131, makroekonomik de\u011fi\u015fkenler ve gelecek tahminlerini i\u00e7eren karma\u015f\u0131k modellerle kredi portf\u00f6y\u00fcn\u00fc s\u00fcrekli test etmektedir. Denet\u00e7ilerin bu konuyu &#8220;Kilit Denetim Konusu&#8221; olarak s\u0131n\u0131fland\u0131rmas\u0131, kullan\u0131lan varsay\u0131mlar\u0131n ve modellerin bankan\u0131n <b>aktif kalitesi<\/b> \u00fczerindeki hayati etkisinden kaynaklanmaktad\u0131r. Bu sistemlerin y\u00f6netimi, bankan\u0131n sadece ge\u00e7mi\u015fi de\u011fil, gelecekteki olas\u0131 zararlar\u0131 da dijital bir hassasiyetle y\u00f6netmeye \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 kan\u0131tl\u0131yor.<\/p>\n<h2>Emekli Sand\u0131\u011f\u0131 Y\u00fck\u00fcml\u00fcl\u00fckleri: Teknik ve Siyasi Risk<\/h2>\n<p>Raporun en teknik ve belirsizlik i\u00e7eren ba\u015fl\u0131klar\u0131ndan biri <b>Emekli Sand\u0131\u011f\u0131<\/b> y\u00fck\u00fcml\u00fcl\u00fckleridir. Banka \u00e7al\u0131\u015fanlar\u0131n\u0131n \u00fcyesi oldu\u011fu sand\u0131\u011f\u0131n Sosyal G\u00fcvenlik Kurumu\u2019na (SGK) devri s\u00fcreci, akt\u00fceryal bir bilmece niteli\u011findedir.<\/p>\n<p>Bu devir s\u00fcrecindeki en b\u00fcy\u00fck risk, hesaplamalarda kullan\u0131lan teknik faiz oran\u0131n\u0131n <b>%9,80<\/b> olarak Kanun ile sabitlenmi\u015f olmas\u0131d\u0131r. Piyasa ko\u015fullar\u0131 ne olursa olsun de\u011fi\u015fmeyen bu oran, ba\u011f\u0131ms\u0131z denet\u00e7iler taraf\u0131ndan bir risk unsuru olarak g\u00f6r\u00fclmektedir. Ayr\u0131ca, bu devir i\u015fleminin ne zaman ger\u00e7ekle\u015fece\u011fi tamamen <b>Cumhurba\u015fkan\u0131<\/b> yetkisindedir. Bu durum, bankan\u0131n bilan\u00e7osunda ta\u015f\u0131d\u0131\u011f\u0131 akt\u00fceryal y\u00fck\u00fcml\u00fcl\u00fckleri hem mevzuat hem de siyasi takvim a\u00e7\u0131s\u0131ndan izlenmesi gereken bir risk alan\u0131 haline getirmektedir.<\/p>\n<h2>Sonu\u00e7: Gelece\u011fe G\u00fcvenle Bakmak m\u0131, \u0130htiyat\u0131 Elden B\u0131rakmamak m\u0131?<\/h2>\n<p>Vak\u0131fBank\u2019\u0131n 2025 finansal raporu, kar\u015f\u0131m\u0131za &#8220;b\u00fcy\u00fcyen ama a\u015f\u0131r\u0131 temkinli&#8221; bir dev profili \u00e7\u0131kar\u0131yor. 70 milyar TL\u2019lik net k\u00e2r ve 5.3 trilyon TL\u2019lik varl\u0131k b\u00fcy\u00fckl\u00fc\u011f\u00fc bankan\u0131n kaslar\u0131n\u0131 ne kadar g\u00fc\u00e7lendirdi\u011fini g\u00f6sterirken; standartlara ayk\u0131r\u0131 bulunmas\u0131 pahas\u0131na ayr\u0131lan 8 milyar TL\u2019lik serbest kar\u015f\u0131l\u0131k, y\u00f6netimin savunma hatt\u0131n\u0131 ne denli s\u0131k\u0131 tuttu\u011funa i\u015faret ediyor.<\/p>\n<p>Peki, bu tabloyu nas\u0131l okumal\u0131y\u0131z? <b>Vak\u0131fBank, sadece kendisinin g\u00f6rebildi\u011fi bir f\u0131rt\u0131naya kar\u015f\u0131 m\u0131 haz\u0131rlan\u0131yor, yoksa hissedar \u015feffafl\u0131\u011f\u0131 pahas\u0131na a\u015f\u0131r\u0131 korumac\u0131 bir kale mi in\u015fa ediyor?<\/b> 2026 y\u0131l\u0131n\u0131n ekonomik seyri, bu milyarl\u0131k bilmecenin ger\u00e7ek cevab\u0131n\u0131 bizlere verecek.<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">T\u00fcrkiye Vak\u0131flar Bankas\u0131 T.A.O. 31 Aral\u0131k 2025 D\u00f6nemi Finansal Brifing Raporu<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, T\u00fcrkiye Vak\u0131flar Bankas\u0131 T\u00fcrk Anonim Ortakl\u0131\u011f\u0131&#8217;n\u0131n (Vak\u0131fBank) 31 Aral\u0131k 2025 tarihinde sona eren hesap d\u00f6nemine ili\u015fkin konsolide olmayan finansal tablolar\u0131n\u0131 ve ba\u011f\u0131ms\u0131z denetim raporunu analiz etmektedir. Banka, 2025 y\u0131l\u0131nda finansal performans\u0131nda ve aktif b\u00fcy\u00fckl\u00fc\u011f\u00fcnde \u00f6nemli bir art\u0131\u015f kaydetmi\u015f; d\u00f6nem net k\u00e2r\u0131n\u0131 \u00f6nceki y\u0131la g\u00f6re yakla\u015f\u0131k %73,5 art\u0131rarak <b>70.050.312 Bin TL<\/b> seviyesine \u00e7\u0131karm\u0131\u015ft\u0131r.<\/p>\n<p>Buna kar\u015f\u0131n, ba\u011f\u0131ms\u0131z denet\u00e7i (EY &#8211; G\u00fcney Ba\u011f\u0131ms\u0131z Denetim ve SMMM A.\u015e.), Banka&#8217;n\u0131n &#8220;serbest kar\u015f\u0131l\u0131k&#8221; uygulamalar\u0131 nedeniyle finansal tablolara ili\u015fkin <b>&#8220;S\u0131n\u0131rl\u0131 Olumlu G\u00f6r\u00fc\u015f&#8221;<\/b> bildirmi\u015ftir. Banka&#8217;n\u0131n toplam varl\u0131klar\u0131 <b>5,39 Trilyon TL<\/b>&#8216;ye ula\u015f\u0131rken, T\u00fcrkiye Varl\u0131k Fonu %73,26&#8217;l\u0131k pay oran\u0131 ile h\u00e2kim ortak konumunu s\u00fcrd\u00fcrmektedir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. Ba\u011f\u0131ms\u0131z Denetim G\u00f6r\u00fc\u015f\u00fc ve S\u0131n\u0131rl\u0131 Olumlu G\u00f6r\u00fc\u015f\u00fcn Dayana\u011f\u0131<\/h2>\n<p>G\u00fcney Ba\u011f\u0131ms\u0131z Denetim ve SMMM A.\u015e. taraf\u0131ndan ger\u00e7ekle\u015ftirilen denetim sonucunda, Banka&#8217;n\u0131n finansal durumunun &#8220;S\u0131n\u0131rl\u0131 Olumlu G\u00f6r\u00fc\u015f\u00fcn Dayana\u011f\u0131&#8221; paragraf\u0131nda belirtilen hususlar haricinde t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun oldu\u011fu beyan edilmi\u015ftir.<\/p>\n<h3>Serbest Kar\u015f\u0131l\u0131k Uygulamas\u0131<\/h3>\n<p>Denet\u00e7inin &#8220;S\u0131n\u0131rl\u0131 Olumlu G\u00f6r\u00fc\u015f&#8221; vermesinin temel nedeni, Banka y\u00f6netiminin TMS 37 &#8220;Kar\u015f\u0131l\u0131klar, Ko\u015fullu Bor\u00e7lar ve Ko\u015fullu Varl\u0131klar&#8221; standartlar\u0131ndaki muhasebele\u015ftirme kriterlerini kar\u015f\u0131lamayan serbest kar\u015f\u0131l\u0131klar ay\u0131rmas\u0131d\u0131r:<\/p>\n<ul>\n<li><b>Mevcut Bakiye:<\/b> 31 Aral\u0131k 2025 itibar\u0131yla bilan\u00e7oda toplam <b>8.000.000 Bin TL<\/b> tutar\u0131nda serbest kar\u015f\u0131l\u0131k bulunmaktad\u0131r.<\/li>\n<li><b>D\u00f6nem \u0130\u00e7i Hareketler:<\/b> Cari y\u0131lda 11.000.000 Bin TL tutar\u0131nda serbest kar\u015f\u0131l\u0131k iptal edilmi\u015f, buna kar\u015f\u0131l\u0131k 4.000.000 Bin TL tutar\u0131nda yeni kar\u015f\u0131l\u0131k ayr\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Kar\u015f\u0131la\u015ft\u0131rmal\u0131 Veriler:<\/b> 2024 y\u0131l\u0131nda ise 6.500.000 Bin TL tutar\u0131nda serbest kar\u015f\u0131l\u0131k ayr\u0131ld\u0131\u011f\u0131 bildirilmi\u015ftir.<\/li>\n<li><b>Etki:<\/b> Bu uygulamalar, Banka&#8217;n\u0131n k\u00e2r-zarar tablosundaki kar\u015f\u0131l\u0131k giderlerini ve dolay\u0131s\u0131yla net d\u00f6nem k\u00e2r\u0131n\u0131 standartlar\u0131n \u00f6ng\u00f6rd\u00fc\u011f\u00fc seviyelerden farkl\u0131la\u015ft\u0131rmaktad\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>2. Kilit Denetim Konular\u0131<\/h2>\n<p>Ba\u011f\u0131ms\u0131z denet\u00e7iler, cari d\u00f6neme ait finansal tablolar\u0131n denetiminde en \u00e7ok \u00f6nem arz eden iki temel konuyu belirlemi\u015ftir:<\/p>\n<h3>TFRS 9 Kapsam\u0131nda Beklenen Kredi Zararlar\u0131<\/h3>\n<p>TFRS 9 &#8220;Finansal Ara\u00e7lar&#8221; standard\u0131 uyar\u0131nca ayr\u0131lan de\u011fer d\u00fc\u015f\u00fc\u015f kar\u015f\u0131l\u0131klar\u0131, a\u015fa\u011f\u0131daki nedenlerle kilit konu olarak ele al\u0131nm\u0131\u015ft\u0131r:<\/p>\n<ul>\n<li>Bilan\u00e7o i\u00e7i ve d\u0131\u015f\u0131 finansal varl\u0131klar\u0131n b\u00fcy\u00fckl\u00fc\u011f\u00fc.<\/li>\n<li>Uygulanan i\u015f modellerinin ve nakit ak\u0131\u015f \u00f6zelliklerinin tespitindeki karma\u015f\u0131kl\u0131k.<\/li>\n<li>Kredi riskindeki art\u0131\u015f, temerr\u00fct olas\u0131l\u0131\u011f\u0131 ve makroekonomik de\u011fi\u015fkenlere dair kullan\u0131lan tahmin ve varsay\u0131mlar\u0131n subjektifli\u011fi.<\/li>\n<\/ul>\n<h3>Emeklilik Haklar\u0131ndan Do\u011fan Y\u00fck\u00fcml\u00fcl\u00fckler<\/h3>\n<p>Vak\u0131fBank Memur ve Hizmetlileri Emekli ve Sa\u011fl\u0131k Yard\u0131m Sand\u0131\u011f\u0131&#8217;n\u0131n Sosyal G\u00fcvenlik Kurumu&#8217;na (SGK) devri s\u00fcreci devam etmektedir:<\/p>\n<ul>\n<li><b>Yasal \u00c7er\u00e7eve:<\/b> Devir tarihi konusunda Cumhurba\u015fkan\u0131 yetkilidir.<\/li>\n<li><b>Akt\u00fceryal Varsay\u0131mlar:<\/b> 31 Aral\u0131k 2025 itibar\u0131yla y\u00fck\u00fcml\u00fcl\u00fcklerin pe\u015fin de\u011feri ba\u011f\u0131ms\u0131z bir akt\u00fcer taraf\u0131ndan hesaplanm\u0131\u015ft\u0131r. Teknik faiz oran\u0131n\u0131n kanunla belirlenmi\u015f olmas\u0131 ve devir tarihindeki belirsizlik, konuyu denetim a\u00e7\u0131s\u0131ndan kritik k\u0131lmaktad\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>3. Kurumsal Yap\u0131 ve Sermaye Hareketleri<\/h2>\n<p>Vak\u0131fBank, 11 Ocak 1954 tarihinde 6219 say\u0131l\u0131 \u00f6zel kanunla kurulmu\u015f bir T\u00fcrk Anonim Ortakl\u0131\u011f\u0131d\u0131r.<\/p>\n<h3>Ortakl\u0131k Yap\u0131s\u0131 (31 Aral\u0131k 2025 \u0130tibar\u0131yla)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak<\/td>\n<td>Pay Oran\u0131 (%)<\/td>\n<td>Hisse Grubu<\/td>\n<\/tr>\n<tr>\n<td><b>T\u00fcrkiye Varl\u0131k Fonu<\/b><\/td>\n<td>73,26<\/td>\n<td>D<\/td>\n<\/tr>\n<tr>\n<td><b>T.C. Hazine ve Maliye Bakanl\u0131\u011f\u0131<\/b><\/td>\n<td>10,84<\/td>\n<td>A<\/td>\n<\/tr>\n<tr>\n<td><b>T.C. Hazine ve Maliye Bakanl\u0131\u011f\u0131<\/b><\/td>\n<td>3,91<\/td>\n<td>B<\/td>\n<\/tr>\n<tr>\n<td><b>Vak\u0131fBank Emekli Sand\u0131\u011f\u0131 Vakf\u0131<\/b><\/td>\n<td>4,06<\/td>\n<td>C<\/td>\n<\/tr>\n<tr>\n<td><b>Halka A\u00e7\u0131k K\u0131s\u0131m<\/b><\/td>\n<td>7,89<\/td>\n<td>D<\/td>\n<\/tr>\n<tr>\n<td><b>Di\u011fer<\/b><\/td>\n<td>0,04<\/td>\n<td>B\/C<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>\u00d6nemli Sermaye De\u011fi\u015fimleri<\/h3>\n<ul>\n<li><b>Tahsisli Art\u0131r\u0131mlar:<\/b> 2020, 2022 ve 2023 y\u0131llar\u0131nda yap\u0131lan tahsisli sermaye art\u0131r\u0131mlar\u0131 ile T\u00fcrkiye Varl\u0131k Fonu&#8217;nun pay\u0131 ve Banka&#8217;n\u0131n sermaye yap\u0131s\u0131 g\u00fc\u00e7lendirilmi\u015ftir.<\/li>\n<li><b>Uluslararas\u0131 Sat\u0131\u015f:<\/b> 19 Eyl\u00fcl 2025 tarihinde, Banka sermayesinin %1,53&#8217;\u00fcne tekab\u00fcl eden paylar, h\u0131zland\u0131r\u0131lm\u0131\u015f talep toplama y\u00f6ntemiyle yurt d\u0131\u015f\u0131 yerle\u015fik kurumsal yat\u0131r\u0131mc\u0131lara toplam 4.114.640 Bin TL bedelle sat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>4. Finansal Durum Analizi<\/h2>\n<p>Banka&#8217;n\u0131n 2025 y\u0131l\u0131 finansal tablolar\u0131, aktif ve pasif kalemlerde belirgin bir b\u00fcy\u00fcme g\u00f6stermektedir.<\/p>\n<h3>Temel Bilan\u00e7o Kalemleri (Bin TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>31 Aral\u0131k 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td>5.388.289.819<\/td>\n<td>4.021.485.697<\/td>\n<td>+34,0<\/td>\n<\/tr>\n<tr>\n<td><b>Krediler (Net)<\/b><\/td>\n<td>3.012.454.136<\/td>\n<td>2.046.069.195<\/td>\n<td>+47,2<\/td>\n<\/tr>\n<tr>\n<td><b>Mevduat<\/b><\/td>\n<td>3.449.194.644<\/td>\n<td>2.537.787.982<\/td>\n<td>+35,9<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td>322.380.656<\/td>\n<td>219.194.449<\/td>\n<td>+47,1<\/td>\n<\/tr>\n<tr>\n<td><b>Bilan\u00e7o D\u0131\u015f\u0131 Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>4.940.853.231<\/td>\n<td>3.138.577.968<\/td>\n<td>+57,4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>K\u00e2r veya Zarar Performans\u0131 (Bin TL)<\/h3>\n<ul>\n<li><b>Net Faiz Geliri:<\/b> 152.384.040 (2024: 98.976.466)<\/li>\n<li><b>Net \u00dccret ve Komisyon Gelirleri:<\/b> 72.693.392 (2024: 46.473.551)<\/li>\n<li><b>D\u00f6nem Net K\u00e2r\u0131:<\/b> 70.050.312 (2024: 40.375.301)<\/li>\n<li><b>Beklenen Zarar Kar\u015f\u0131l\u0131klar\u0131 Gideri:<\/b> 75.934.512 (2024: 45.370.413)<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>5. Operasyonel Veriler ve Di\u011fer Bilgiler<\/h2>\n<ul>\n<li><b>\u015eube A\u011f\u0131:<\/b> 31 Aral\u0131k 2025 itibar\u0131yla Banka&#8217;n\u0131n yurt i\u00e7inde 974, yurt d\u0131\u015f\u0131nda 6 (New York, Erbil, Bahreyn ve Irak \u015fubeleri dahil) olmak \u00fczere toplam <b>980<\/b> \u015fubesi bulunmaktad\u0131r. 2024 sonunda bu say\u0131 963 idi.<\/li>\n<li><b>\u0130nsan Kayna\u011f\u0131:<\/b> Personel say\u0131s\u0131 bir \u00f6nceki y\u0131la g\u00f6re 938 ki\u015fi artarak <b>19.147<\/b>&#8216;ye ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>Y\u00f6netim Yap\u0131s\u0131:<\/b> Banka&#8217;n\u0131n Y\u00f6netim Kurulu Ba\u015fkan\u0131 Mustafa Saydam, Genel M\u00fcd\u00fcr\u00fc ise Abdi Serdar \u00dcst\u00fcnsalih&#8217;tir. 25 Nisan 2025 tarihinde Vedat Demir\u00f6z ba\u011f\u0131ms\u0131z \u00fcye olarak se\u00e7ilmi\u015ftir.<\/li>\n<li><b>Ba\u011fl\u0131 Ortakl\u0131klar:<\/b> Banka ile ba\u011fl\u0131 ortakl\u0131klar\u0131 aras\u0131nda \u00f6zkaynak transferini veya bor\u00e7 \u00f6demelerini engelleyen herhangi bir fiili veya hukuki engel bulunmad\u0131\u011f\u0131 beyan edilmi\u015ftir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"1004\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Vak\u0131fBank 2025 Y\u0131l\u0131nda Rekor B\u00fcy\u00fcme ve G\u00fc\u00e7l\u00fc Sermaye Yap\u0131s\u0131yla Dikkat \u00c7ekiyor<br \/>\nVak\u0131fBank, 2025 y\u0131l\u0131na ait finansal sonu\u00e7lar\u0131n\u0131 a\u00e7\u0131klad\u0131. Y\u0131l sonu itibar\u0131yla net k\u00e2r\u0131n\u0131 bir \u00f6nceki y\u0131la g\u00f6re %73&#8217;\u00fcn \u00fczerinde art\u0131rarak 70 milyar TL seviyesine \u00e7\u0131karan banka, aktif b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc 5,4 trilyon TL&#8217;ye ula\u015ft\u0131rd\u0131. Kredi hacmini 3 trilyon TL&#8217;nin \u00fczerine ta\u015f\u0131yarak T\u00fcrkiye ekonomisine katk\u0131s\u0131n\u0131 s\u00fcrd\u00fcren Vak\u0131fBank, %16,71&#8217;lik sermaye yeterlilik oran\u0131yla finansal g\u00fcc\u00fcn\u00fc peki\u015ftirdi. 980 \u015fubelik geni\u015f hizmet a\u011f\u0131 ve s\u00fcrd\u00fcr\u00fclebilir bankac\u0131l\u0131k vizyonuyla Vak\u0131fBank, 2025 y\u0131l\u0131nda da sekt\u00f6rdeki \u00f6nc\u00fc konumunu korudu.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<br \/>\nWordpress Blog Page Excerpt (English Translation)<br \/>\nVak\u0131fBank Stands Out with Record Growth and Strong Capital Structure in 2025<br \/>\nVak\u0131fBank has announced its financial results for 2025. By the end of the year, the bank increased its net profit by over 73% compared to the previous year, reaching 70 billion TL, while its total assets reached 5.4 trillion TL. Continuing its contribution to the Turkish economy by exceeding a loan volume of 3 trillion TL, Vak\u0131fBank reinforced its financial strength with a capital adequacy ratio of 16.71%. With an extensive service network of 980 branches and a vision for sustainable banking, Vak\u0131fBank maintained its leading position in the sector in 2025.<\/p>\n","protected":false},"author":1,"featured_media":973,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[225],"class_list":["post-1004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-vakbn"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1004"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1004\/revisions"}],"predecessor-version":[{"id":1005,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1004\/revisions\/1005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/973"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}