{"id":1235,"date":"2026-02-16T22:05:03","date_gmt":"2026-02-16T19:05:03","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1235"},"modified":"2026-02-17T03:43:29","modified_gmt":"2026-02-17T00:43:29","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-ktlev-katilimevim-tasarruf-finansman-2025-12-bilanco-analizi-katilimevim-birevimi-satip-banka-kuruyor","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1235","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #KTLEV | Kat\u0131l\u0131mevim Tasarruf Finansman 2025\/12 Bilan\u00e7o Analizi &#8211; Kat\u0131l\u0131mevim Birevim&#8217;i Sat\u0131p Banka Kuruyor"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/KTLEV--Katlmevim-Tasarruf-Finansman-202512-Bilano-Analizi---Katlmevim-Birevimi-Satp-Banka-Kuruyor-e3f67o0\/a-acfplnp\" width=\"400px\" height=\"102px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><br \/>\n<strong><em>2025 Y\u0131l\u0131 Finansal Raporu \u00d6nemli Ba\u015fl\u0131klar\u0131<\/em><\/strong><br \/>\n<em>\u2022 Net D\u00f6nem Kar\u0131: Grup, 2025 y\u0131l\u0131nda 8.729.148.558 TL net d\u00f6nem kar\u0131 elde etmi\u015ftir. Bu rakam, bir \u00f6nceki y\u0131l elde edilen 2.220.148.020 TL&#8217;lik kar\u0131n yakla\u015f\u0131k 4 kat\u0131d\u0131r.<\/em><br \/>\n<em>\u2022 Varl\u0131k Toplam\u0131: \u015eirketin toplam varl\u0131klar\u0131, 2024 y\u0131l\u0131ndaki 18.914.951.780 TL seviyesinden %150&#8217;den fazla artarak 47.455.977.200 TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r.<\/em><br \/>\n<em>\u2022 Esas Faaliyet Gelirleri: Tasarruf finansman faaliyetlerinden al\u0131nan \u00fccret ve komisyonlar dahil olmak \u00fczere toplam esas faaliyet gelirleri 14.649.868.053 TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/em><br \/>\n<em>\u2022 \u00d6zkaynaklar: Grubun \u00f6zkaynaklar\u0131, bir \u00f6nceki y\u0131l\u0131n sonunda 4.086.384.065 TL iken, 2025 y\u0131l\u0131 sonunda 12.456.487.203 TL&#8217;ye y\u00fckselmi\u015ftir.<\/em><br \/>\n<em>\u2022 Tasarruf Finansman Alacaklar\u0131: M\u00fc\u015fterilere sa\u011flanan net tasarruf finansman alacaklar\u0131 18.969.743.056 TL seviyesindedir.<\/em><br \/>\n<em>\u2022 Stratejik At\u0131l\u0131mlar:<\/em><br \/>\n<em>\u25e6 Birevim Sat\u0131\u015f\u0131: \u015eirket, Birevim Tasarruf Finansman A.\u015e.&#8217;deki %79,85 oran\u0131ndaki paylar\u0131n\u0131 752.000.000 TL bedelle Pusula Finans Holding A.\u015e.&#8217;ye devretmi\u015ftir.<\/em><br \/>\n<em>\u25e6 \u0130ktisat Kat\u0131l\u0131m Bankas\u0131: Grubun %99,9 pay\u0131na sahip oldu\u011fu \u0130ktisat Kat\u0131l\u0131m Bankas\u0131 A.\u015e.&#8217;nin kurulu\u015fu 20 May\u0131s 2025 tarihinde tescil edilmi\u015ftir.<\/em><br \/>\n<em>\u2022 Ba\u011f\u0131ms\u0131z Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc: Finansal tablolar, Aksis Uluslararas\u0131 Ba\u011f\u0131ms\u0131z Denetim A.\u015e. taraf\u0131ndan denetlenmi\u015f ve Grubun finansal durumunu t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde sundu\u011fu belirtilmi\u015ftir.<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"https:\/\/pbs.twimg.com\/media\/HBUfgclWEAAop3v?format=jpg&amp;name=4096x4096\" width=\"2752\" height=\"1536\" \/><\/p>\n<hr \/>\n<h1>Kat\u0131l\u0131mevim 2025 Finansal Raporu: Bir Tasarruf Devinin Bankac\u0131l\u0131\u011fa Uzanan Ola\u011fan\u00fcst\u00fc D\u00f6n\u00fc\u015f\u00fcm\u00fc<\/h1>\n<p><b>Giri\u015f: Beklentilerin \u00d6tesinde Bir B\u00fcy\u00fcme Hikayesi<\/b><\/p>\n<p>Tasarruf finansman\u0131 sekt\u00f6r\u00fc 2025 y\u0131l\u0131nda, geleneksel bankac\u0131l\u0131k modellerine meydan okuyan bir olgunluk evresine girdi. Kat\u0131l\u0131mevim\u2019in 31 Aral\u0131k 2025 tarihli konsolide finansal raporu, sadece bir bilan\u00e7o \u00f6zeti de\u011fil; kurumsal bir kimli\u011fin finansal kiralama ve tasarruf finansman\u0131ndan, geni\u015f \u00f6l\u00e7ekli bir bankac\u0131l\u0131k grubuna evrili\u015finin stratejik manifestosudur. &#8220;S\u0131radan bir finansal raporun \u00f6tesinde ne olabilir?&#8221; sorusunu soranlar i\u00e7in bu dok\u00fcman; %293\u2019l\u00fck bir k\u00e2r art\u0131\u015f\u0131n\u0131n, 10 milyar TL sermayeli bir banka vizyonunun ve operasyonel verimlili\u011fin s\u0131n\u0131rlar\u0131n\u0131 zorlayan bir dijitalle\u015fme hikayesinin yan\u0131t\u0131d\u0131r.<\/p>\n<p><b>K\u00e2r Patlamas\u0131: Rakamlar\u0131n Diliyle %293\u2019l\u00fck Devrim<\/b><\/p>\n<p>Kat\u0131l\u0131mevim\u2019in 2025 y\u0131l\u0131 performans tablosu, analitik bir bak\u0131\u015f a\u00e7\u0131s\u0131yla incelendi\u011finde tam bir &#8220;\u00f6l\u00e7ek ekonomisi&#8221; ba\u015far\u0131s\u0131d\u0131r. 2024 y\u0131l\u0131nda 2.220.148.020 TL olan net d\u00f6nem k\u00e2r\u0131, 2025 sonunda %293 oran\u0131nda devasa bir art\u0131\u015fla 8.729.148.558 TL seviyesine ula\u015fm\u0131\u015ft\u0131r. Bu k\u00e2r patlamas\u0131n\u0131n ana motoru olan esas faaliyet gelirleri ise bir \u00f6nceki y\u0131l\u0131n 5,1 milyar TL seviyesinden %186 artarak 14.649.868.053 TL\u2019ye f\u0131rlam\u0131\u015ft\u0131r. Ba\u011f\u0131ms\u0131z denet\u00e7inin raporunda bu gelirleri &#8220;Kilit Denetim Konusu&#8221; olarak belirlemesi, b\u00fcy\u00fcmenin \u015feffafl\u0131\u011f\u0131 a\u00e7\u0131s\u0131ndan kritiktir; denet\u00e7i, gelirlerin do\u011fas\u0131 gere\u011fi bar\u0131nd\u0131rd\u0131\u011f\u0131 &#8220;hile ve hata kaynakl\u0131 riskleri&#8221; \u00f6zellikle vurgulam\u0131\u015f ve bu devasa hacmin muhasebele\u015ftirilme s\u00fcre\u00e7lerini en \u00fcst d\u00fczeyde titizlikle test etmi\u015ftir.<\/p>\n<p><b>Stratejik Bir Hamle: Birevim Vedas\u0131 ve Operasyonel Odaklanma<\/b><\/p>\n<p>\u015eirket y\u00f6netimi, 2025 y\u0131l\u0131nda b\u00fcy\u00fcme kadar kaynak optimizasyonuna da odaklanm\u0131\u015ft\u0131r. 11 Mart 2025 tarihli Y\u00f6netim Kurulu karar\u0131yla, Birevim Tasarruf Finansman A.\u015e. paylar\u0131n\u0131n %79,85&#8217;i, 752.000.000 TL bedelle Pusula Finans Holding A.\u015e.&#8217;ye devredilmi\u015ftir. Bu sat\u0131\u015f sadece bir i\u015ftirak \u00e7\u0131k\u0131\u015f\u0131 de\u011fil, 10 milyar TL sermayeli yeni banka vizyonuna kaynak sa\u011flamak ve operasyonel karma\u015f\u0131kl\u0131\u011f\u0131 azaltmak ad\u0131na at\u0131lm\u0131\u015f stratejik bir ad\u0131md\u0131r. Bu noktada, eski unvan\u0131 Europe Finance Holding A.\u015e. olan Pusula Finans Holding\u2019in, Kat\u0131l\u0131mevim ana ortakl\u0131k yap\u0131s\u0131nda %28 pay ile hakim bir pozisyon almas\u0131, bu b\u00fcy\u00fck d\u00f6n\u00fc\u015f\u00fcm\u00fcn arkas\u0131ndaki kurumsal akl\u0131n ve yeni stratejik mimarinin en net g\u00f6stergesidir.<\/p>\n<p><b>Yeni Bir Oyuncu Do\u011fuyor: 10 Milyar TL Sermayeli \u0130ktisat Kat\u0131l\u0131m Bankas\u0131<\/b><\/p>\n<p>2025 raporunun en heyecan verici &#8220;ileri projeksiyonu&#8221;, \u0130ktisat Kat\u0131l\u0131m Bankas\u0131 A.\u015e.&#8217;nin tescilidir. Kat\u0131l\u0131mevim\u2019in %99,9 pay ile ana kurucusu oldu\u011fu banka, 10.000.000.000 TL gibi olduk\u00e7a g\u00fc\u00e7l\u00fc bir \u00f6denmi\u015f sermaye ile kurulmu\u015ftur. 17 Aral\u0131k 2024 tarihli BDDK kurulu\u015f izninin ard\u0131ndan 20 May\u0131s 2025\u2019te tescil s\u00fcreci tamamlanan bu yap\u0131, \u015firketi &#8220;tasarruf finansman \u015firketi&#8221; kategorisinden \u00e7\u0131kar\u0131p bir &#8220;bankac\u0131l\u0131k grubu&#8221; ligine ta\u015f\u0131m\u0131\u015ft\u0131r. Rapor tarihi itibar\u0131yla hen\u00fcz operasyonel faaliyete ba\u015flamam\u0131\u015f olsa da, bu sermaye b\u00fcy\u00fckl\u00fc\u011f\u00fc Kat\u0131l\u0131mevim\u2019in T\u00fcrkiye finans piyasas\u0131ndaki yeni a\u011f\u0131rl\u0131k merkezini belirlemektedir.<\/p>\n<p><b>Varl\u0131k Y\u00f6netiminde Devrim: G\u00fcvenin Finansal Kar\u015f\u0131l\u0131\u011f\u0131<\/b><\/p>\n<p>Bilan\u00e7o b\u00fcy\u00fckl\u00fc\u011f\u00fcndeki dramatik de\u011fi\u015fim, halk\u0131n tasarruf finansman\u0131 sistemine olan g\u00fcveninin rakamsal bir teyididir. Toplam varl\u0131klar bir y\u0131lda 18,9 milyar TL\u2019den 47,4 milyar TL\u2019ye y\u00fckselirken, pasif tarafta &#8220;Tasarruf Fon Havuzundan Bor\u00e7lar&#8221; kalemi 10,4 milyar TL\u2019den 28,2 milyar TL\u2019ye \u00e7\u0131km\u0131\u015ft\u0131r. Sisteme giren bu devasa fonun aktif taraftaki yans\u0131mas\u0131 da ayn\u0131 oranda g\u00fc\u00e7l\u00fcd\u00fcr; tasarruf finansman alacaklar\u0131 5,7 milyar TL&#8217;den 18,9 milyar TL\u2019ye f\u0131rlayarak grubun sadece fon toplamad\u0131\u011f\u0131n\u0131, ayn\u0131 zamanda \u00e7ok ciddi bir finansman hacmini y\u00f6netti\u011fini kan\u0131tlam\u0131\u015ft\u0131r. Aksis Denetim&#8217;den Sorumlu Denet\u00e7i Nail \u00c7amc\u0131, 16 \u015eubat 2025 tarihli raporunda bu tabloyu \u015fu s\u00f6zlerle m\u00fch\u00fcrlemi\u015ftir:<\/p>\n<p>&#8220;G\u00f6r\u00fc\u015f\u00fcm\u00fcze g\u00f6re, ili\u015fikteki finansal tablolar, 31 Aral\u0131k 2025 tarihi itibar\u0131yla Grup\u2019un finansal durumunu&#8230; BDDK Muhasebe ve Finansal Raporlama Mevzuat\u0131\u2019na uygun olarak t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde sunmaktad\u0131r.&#8221;<\/p>\n<p><b>Operasyonel Verimlilik: Ki\u015fi Ba\u015f\u0131 Verimlilikte Yeni Standartlar<\/b><\/p>\n<p>Finansal tablolardaki en \u00e7arp\u0131c\u0131 verimlilik g\u00f6stergesi istihdam verileridir. 2024 sonunda 1.694 olan \u00e7al\u0131\u015fan say\u0131s\u0131, 2025 sonunda %20&#8217;den fazla azalarak 1.346&#8217;ya d\u00fc\u015fm\u00fc\u015ft\u00fcr. Personel say\u0131s\u0131ndaki bu geri \u00e7ekilmeye ra\u011fmen gelirin \u00fc\u00e7 kat\u0131na, k\u00e2r\u0131n ise yakla\u015f\u0131k d\u00f6rt kat\u0131na \u00e7\u0131kmas\u0131, &#8220;ki\u015fi ba\u015f\u0131 verimlilik&#8221; kavram\u0131n\u0131 yeniden tan\u0131mlamaktad\u0131r. 2024\u2019te personel ba\u015f\u0131na d\u00fc\u015fen faaliyet geliri yakla\u015f\u0131k 3 milyon TL iken, 2025\u2019te bu rakam 10,8 milyon TL seviyesine ula\u015fm\u0131\u015ft\u0131r. Bu, dijital d\u00f6n\u00fc\u015f\u00fcm\u00fcn ve operasyonel sadele\u015fmenin ka\u011f\u0131t \u00fczerindeki de\u011fil, nakit ak\u0131\u015f\u0131ndaki zaferidir.<\/p>\n<p><b>Sonu\u00e7 ve Gelecek Projeksiyonu: Tasarruf Finansman\u0131 Kabuk mu De\u011fi\u015ftiriyor?<\/b><\/p>\n<p>Kat\u0131l\u0131mevim\u2019in 2025 y\u0131l\u0131 performans\u0131, tasarruf finansman\u0131 sekt\u00f6r\u00fcn\u00fcn r\u00fc\u015ft\u00fcn\u00fc ispatlad\u0131\u011f\u0131 bir d\u00f6n\u00fcm noktas\u0131d\u0131r. 10 milyar TL sermayeli \u0130ktisat Kat\u0131l\u0131m Bankas\u0131 ile finansal ekosistemi geni\u015fletmeye haz\u0131rlanan grup, art\u0131k geleneksel s\u0131n\u0131rlar\u0131n \u00e7ok \u00f6tesindedir. Hen\u00fcz faaliyete ge\u00e7memi\u015f olan bankac\u0131l\u0131k biriminin tam kapasiteyle devreye girmesiyle, 2026 y\u0131l\u0131ndan itibaren \u00e7ok daha farkl\u0131 bir rekabet dinamizmi beklenmektedir.<\/p>\n<p>Peki, geleneksel bankac\u0131l\u0131k ile tasarruf finansman\u0131n\u0131n bu denli i\u00e7 i\u00e7e ge\u00e7ti\u011fi yeni bir finansal ekosistemde, bireysel birikimlerin g\u00fcc\u00fc finans d\u00fcnyas\u0131n\u0131n merkezine mi yerle\u015fiyor?<\/p>\n<p>&nbsp;<\/p>\n<h1>Bilgilendirme Belgesi: Kat\u0131l\u0131mevim Tasarruf Finansman A.\u015e. 2025 Y\u0131l\u0131 Finansal De\u011ferlendirmesi<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, Kat\u0131l\u0131mevim Tasarruf Finansman Anonim \u015eirketi ve Ba\u011fl\u0131 Ortakl\u0131klar\u0131\u2019n\u0131n (Grup) 31 Aral\u0131k 2025 tarihinde sona eren hesap d\u00f6nemine ait konsolide finansal raporlar\u0131n\u0131n ve ba\u011f\u0131ms\u0131z denet\u00e7i g\u00f6r\u00fc\u015flerinin kapsaml\u0131 bir analizini sunmaktad\u0131r. 2025 y\u0131l\u0131, Grup i\u00e7in hem finansal b\u00fcy\u00fcme hem de stratejik yap\u0131lanma a\u00e7\u0131s\u0131ndan kritik bir d\u00f6nemi temsil etmektedir.<\/p>\n<p><b>\u00d6ne \u00c7\u0131kan Temel Veriler:<\/b><\/p>\n<ul>\n<li><b>Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc:<\/b> Aksis Uluslararas\u0131 Ba\u011f\u0131ms\u0131z Denetim A.\u015e. taraf\u0131ndan y\u00fcr\u00fct\u00fclen denetim sonucunda, finansal tablolar\u0131n Grup\u2019un finansal durumunu t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde yans\u0131tt\u0131\u011f\u0131na dair &#8220;Olumlu G\u00f6r\u00fc\u015f&#8221; verilmi\u015ftir.<\/li>\n<li><b>Varl\u0131k Art\u0131\u015f\u0131:<\/b> Grup\u2019un toplam varl\u0131klar\u0131 2024 y\u0131l\u0131ndaki 18,9 milyar TL seviyesinden, 2025 y\u0131l sonunda yakla\u015f\u0131k 47,5 milyar TL&#8217;ye y\u00fckselerek %150&#8217;nin \u00fczerinde bir b\u00fcy\u00fcme kaydetmi\u015ftir.<\/li>\n<li><b>Net D\u00f6nem K\u00e2r\u0131:<\/b> 2025 y\u0131l\u0131 net d\u00f6nem k\u00e2r\u0131 8,73 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir (2024: 2,22 milyar TL). Ana ortakl\u0131k pay\u0131na d\u00fc\u015fen k\u00e2r ise 8,62 milyar TL\u2019dir.<\/li>\n<li><b>Sermaye Yap\u0131s\u0131:<\/b> \u00d6denmi\u015f sermaye 180 milyon TL&#8217;den 2,07 milyar TL&#8217;ye \u00e7\u0131kar\u0131lm\u0131\u015ft\u0131r. Halka a\u00e7\u0131k k\u0131s\u0131m oran\u0131 %62&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<li><b>Stratejik Geni\u015fleme:<\/b> Grup, &#8220;\u0130ktisat Kat\u0131l\u0131m Bankas\u0131 A.\u015e.&#8221; unvan\u0131yla %99,9 ortakl\u0131k pay\u0131na sahip oldu\u011fu yeni bir banka kurmu\u015f ve kurulu\u015f tescilini tamamlam\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>1. Ba\u011f\u0131ms\u0131z Denetim Bulgular\u0131 ve Uyumluluk<\/h2>\n<p>Grup\u2019un finansal tablolar\u0131, BDDK Muhasebe ve Finansal Raporlama Mevzuat\u0131 ve ilgili TFRS h\u00fck\u00fcmlerine uygun olarak denetlenmi\u015ftir.<\/p>\n<h3>Kilit Denetim Konular\u0131<\/h3>\n<p>Ba\u011f\u0131ms\u0131z denet\u00e7i, cari d\u00f6neme ait en \u00f6nemli denetim alanlar\u0131n\u0131 iki ana ba\u015fl\u0131kta tan\u0131mlam\u0131\u015ft\u0131r:<\/p>\n<ol>\n<li><b>Gelirin Kaydedilmesi:<\/b>\n<ul>\n<li><b>Risk:<\/b> Grup\u2019un 14,65 milyar TL tutar\u0131ndaki esas faaliyet gelirinin (tasarruf finansman gelirleri) kaydedilmesi, hile veya hata kaynakl\u0131 riskler bar\u0131nd\u0131rmas\u0131 ve performans takibi a\u00e7\u0131s\u0131ndan kritik olmas\u0131 nedeniyle kilit konu olarak se\u00e7ilmi\u015ftir.<\/li>\n<li><b>Sonu\u00e7:<\/b> Uygulanan denetim prosed\u00fcrleri ve analitik testler neticesinde gelirin kaydedilmesinde \u00f6nemli bir yanl\u0131\u015fl\u0131\u011fa rastlanmam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<li><b>Tasarruf Finansman Alacaklar\u0131n\u0131n De\u011fer D\u00fc\u015f\u00fckl\u00fc\u011f\u00fc:<\/b>\n<ul>\n<li><b>Risk:<\/b> 18,9 milyar TL&#8217;lik tasarruf finansman alacaklar\u0131 i\u00e7in ayr\u0131lan kar\u015f\u0131l\u0131klar\u0131n tespiti, y\u00f6netimin \u00f6nemli yarg\u0131 ve tahminlerini (gecikme s\u00fcreleri, kredi de\u011ferlili\u011fi vb.) i\u00e7ermektedir.<\/li>\n<li><b>Sonu\u00e7:<\/b> De\u011fer d\u00fc\u015f\u00fckl\u00fc\u011f\u00fc s\u00fcrecine ili\u015fkin kontrollerin etkinli\u011fi test edilmi\u015f ve \u00f6nemli bir yanl\u0131\u015fl\u0131k tespit edilmemi\u015ftir.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\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. Finansal Durum Analizi (Bilan\u00e7o)<\/h2>\n<p>Grup\u2019un finansal pozisyonu 2025 y\u0131l\u0131nda belirgin bir geni\u015fleme g\u00f6stermi\u015ftir.<\/p>\n<h3>Aktif Yap\u0131s\u0131 (Varl\u0131klar)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Aktif Kalemler<\/td>\n<td>31 Aral\u0131k 2025 (TL)<\/td>\n<td>31 Aral\u0131k 2024 (TL)<\/td>\n<\/tr>\n<tr>\n<td>Nakit ve Nakit Benzerleri<\/td>\n<td>8.517.955.658<\/td>\n<td>2.321.418.795<\/td>\n<\/tr>\n<tr>\n<td>Tasarruf Finansman Alacaklar\u0131<\/td>\n<td>18.903.620.456<\/td>\n<td>5.791.287.743<\/td>\n<\/tr>\n<tr>\n<td>Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkuller<\/td>\n<td>4.320.500.000<\/td>\n<td>4.082.500.000<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>47.455.977.200<\/b><\/td>\n<td><b>18.914.951.780<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Pasif Yap\u0131s\u0131 (Y\u00fck\u00fcml\u00fcl\u00fckler ve \u00d6zkaynaklar)<\/h3>\n<ul>\n<li><b>Tasarruf Fon Havuzundan Bor\u00e7lar:<\/b> 28,26 milyar TL ile en b\u00fcy\u00fck y\u00fck\u00fcml\u00fcl\u00fck kalemini olu\u015fturmaktad\u0131r (2024: 10,48 milyar TL).<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 4,09 milyar TL&#8217;den 12,46 milyar TL&#8217;ye y\u00fckselmi\u015ftir. Bu art\u0131\u015fta d\u00f6nem k\u00e2r\u0131 ve i\u00e7 kaynaklardan yap\u0131lan sermaye art\u0131r\u0131m\u0131 etkili olmu\u015ftur.<\/li>\n<li><b>Ertelenmi\u015f Vergi Borcu:<\/b> 1,72 milyar TL seviyesindedir.<\/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. Finansal Performans (K\u00e2r veya Zarar)<\/h2>\n<p>Grup\u2019un gelir yaratma kapasitesi \u00f6nceki d\u00f6neme g\u00f6re yakla\u015f\u0131k \u00fc\u00e7 kat\u0131na \u00e7\u0131km\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Esas Faaliyet Gelirleri:<\/b> 14,65 milyar TL (Tamam\u0131 tasarruf finansman faaliyetlerinden al\u0131nan \u00fccret ve komisyonlardan olu\u015fmaktad\u0131r).<\/li>\n<li><b>Esas Faaliyet Giderleri:<\/b> 4,88 milyar TL. Bu tutar\u0131n 2,68 milyar TL&#8217;si personel giderlerinden olu\u015fmaktad\u0131r.<\/li>\n<li><b>Di\u011fer Faaliyet Gelirleri:<\/b> 3,05 milyar TL. Bu kalemde 2,13 milyar TL ile sermaye piyasas\u0131 i\u015flemleri k\u00e2r\u0131 \u00f6n plana \u00e7\u0131kmaktad\u0131r.<\/li>\n<li><b>Vergi \u00d6ncesi K\u00e2r:<\/b> 12,32 milyar TL.<\/li>\n<li><b>Vergi Kar\u015f\u0131l\u0131\u011f\u0131:<\/b> 3,59 milyar TL (Cari vergi ve ertelenmi\u015f vergi etkileri dahil).<\/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. Operasyonel ve Stratejik Geli\u015fmeler<\/h2>\n<h3>\u0130\u015ftirakler ve Ba\u011fl\u0131 Ortakl\u0131klar<\/h3>\n<ol>\n<li><b>\u0130ktisat Kat\u0131l\u0131m Bankas\u0131 A.\u015e.:<\/b> BDDK&#8217;dan kurulu\u015f izni al\u0131nm\u0131\u015f ve 20 May\u0131s 2025 tarihinde tescil edilmi\u015ftir. 10 milyar TL \u00f6denmi\u015f sermayeye sahip olan banka, rapor tarihi itibar\u0131yla hen\u00fcz faaliyete ge\u00e7memi\u015ftir.<\/li>\n<li><b>Birevim Tasarruf Finansman A.\u015e.:<\/b> Kat\u0131l\u0131mevim\u2019e ait %79,85 oran\u0131ndaki hisseler, 11 Mart 2025 tarihinde 752 milyon TL bedelle Pusula Finans Holding A.\u015e.&#8217;ye devredilmi\u015ftir.<\/li>\n<li><b>Bainbridge Gayrimenkul Ticaret A.\u015e.:<\/b> Al\u0131\u015fveri\u015f merkezi ve ticari m\u00fclkiyet y\u00f6netimi alan\u0131nda faaliyet g\u00f6steren \u015firkette Grup %70 paya sahiptir.<\/li>\n<\/ol>\n<h3>Personel Durumu<\/h3>\n<p>Grup b\u00fcnyesinde istihdam edilen ki\u015fi say\u0131s\u0131 2024 sonundaki 1.694 seviyesinden, 2025 sonunda 1.346&#8217;ya gerilemi\u015ftir.<\/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>5. \u00d6nemli Muhasebe Politikalar\u0131 ve Gelecek Beklentileri<\/h2>\n<h3>Enflasyon Muhasebesi (TMS 29)<\/h3>\n<p>BDDK kararlar\u0131 do\u011frultusunda, bankalar ve tasarruf finansman \u015firketleri i\u00e7in 31 Aral\u0131k 2025 tarihli finansal tablolarda enflasyon muhasebesi (TMS 29) uygulanmam\u0131\u015ft\u0131r.<\/p>\n<h3>Yeni ve Revize Standartlar<\/h3>\n<ul>\n<li><b>TFRS 18:<\/b> 1 Ocak 2027&#8217;den itibaren ge\u00e7erli olacak yeni sunum ve a\u00e7\u0131klama standard\u0131 kapsam\u0131nda k\u00e2r veya zarar tablosu; esas, yat\u0131r\u0131m, finansman, gelir vergileri ve durdurulan faaliyetler olarak be\u015f kategoriye ayr\u0131lacakt\u0131r. Grup, bu standard\u0131n etkilerini de\u011ferlendirmektedir.<\/li>\n<li><b>TFRS 19:<\/b> Kamu hesap verme y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc bulunmayan ba\u011fl\u0131 ortakl\u0131klar i\u00e7in azalt\u0131lm\u0131\u015f a\u00e7\u0131klama opsiyonu getiren bu standart, 2027&#8217;den itibaren uygulanabilecektir.<\/li>\n<\/ul>\n<h3>De\u011fer D\u00fc\u015f\u00fckl\u00fc\u011f\u00fc Kar\u015f\u0131l\u0131klar\u0131<\/h3>\n<p>Grup, tasarruf finansman alacaklar\u0131 i\u00e7in BDDK y\u00f6netmeli\u011fine uygun olarak; 90-180 g\u00fcn gecikmelerde en az %20, 180-360 g\u00fcn gecikmelerde %50 ve 1 y\u0131l\u0131 a\u015fan gecikmelerde %100 oran\u0131nda \u00f6zel kar\u015f\u0131l\u0131k ay\u0131rmaktad\u0131r. 31 Aral\u0131k 2025 itibar\u0131yla beklenen zarar\/\u00f6zel kar\u015f\u0131l\u0131klar toplam\u0131 5,72 milyon TL olarak kaydedilmi\u015ftir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ba\u015fl\u0131k: Kat\u0131l\u0131mevim 2025 Finansal Sonu\u00e7lar\u0131n\u0131 A\u00e7\u0131klad\u0131: Rekor B\u00fcy\u00fcme ve Stratejik D\u00f6n\u00fc\u015f\u00fcm!<br \/>\nKat\u0131l\u0131mevim, 2025 y\u0131l\u0131 konsolide finansal raporlar\u0131yla piyasalara g\u00fc\u00e7l\u00fc bir mesaj verdi. Y\u0131l sonu itibar\u0131yla varl\u0131k toplam\u0131n\u0131 47,4 milyar TL seviyesine \u00e7\u0131karan \u015firket, net d\u00f6nem kar\u0131n\u0131 bir \u00f6nceki y\u0131la g\u00f6re yakla\u015f\u0131k d\u00f6rt kat art\u0131rarak 8,7 milyar TL&#8217;ye ula\u015ft\u0131rd\u0131. \u00d6zkaynaklar\u0131n\u0131 12,4 milyar TL&#8217;nin \u00fczerine ta\u015f\u0131yan Kat\u0131l\u0131mevim, sadece finansal b\u00fcy\u00fcme ile s\u0131n\u0131rl\u0131 kalmad\u0131; \u0130ktisat Kat\u0131l\u0131m Bankas\u0131&#8217;n\u0131n kurulu\u015fu ve Birevim paylar\u0131n\u0131n devri gibi stratejik hamlelerle gelecek vizyonunu per\u00e7inledi. Faizsiz finansman sekt\u00f6r\u00fcndeki \u00f6nc\u00fc konumunu g\u00fc\u00e7lendiren Kat\u0131l\u0131mevim&#8217;in 2025 performans\u0131na dair t\u00fcm detaylar blog yaz\u0131m\u0131zda.<\/p>\n","protected":false},"author":2,"featured_media":974,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[260],"class_list":["post-1235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-ktlev"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1235","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1235"}],"version-history":[{"count":4,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1235\/revisions"}],"predecessor-version":[{"id":1245,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1235\/revisions\/1245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/974"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}