{"id":1394,"date":"2026-02-21T06:31:34","date_gmt":"2026-02-21T03:31:34","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1394"},"modified":"2026-02-22T19:01:45","modified_gmt":"2026-02-22T16:01:45","slug":"nuhcm-nuh-cimento-sanayi-2025-12-bilanco-analizi-copy","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1394","title":{"rendered":"\ud83c\uddf9\ud83c\uddf7 HALKB | T\u00fcrkiye Halk Bankas\u0131 2025\/12 Bilan\u00e7o Analizi &#8211; Halkbank&#8217;\u0131n Trilyonluk Bilan\u00e7osu ve ABD Davas\u0131 Riski"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/HALKB--Trkiye-Halk-Bankas-202512-Bilano-Analizi---Halkbankn-Trilyonluk-Bilanosu-ve-ABD-Davas-Riski-e3fd0e8\/a-acg2q14\" width=\"400px\" height=\"102px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h1>Halkbank 2025 Finansal Karnesi: Dev Rakamlar\u0131n Ard\u0131ndaki 5 Kritik Ger\u00e7ek<\/h1>\n<h3>1. Giri\u015f: Ekonomi G\u00fcndemine Bir Bak\u0131\u015f<\/h3>\n<p>Bankac\u0131l\u0131k sekt\u00f6r\u00fcndeki devasa rakamlar, \u00e7o\u011fu zaman s\u0131radan bir vatanda\u015f i\u00e7in ka\u011f\u0131t \u00fczerindeki m\u00fcrekkep y\u0131\u011f\u0131n\u0131ndan ibaret g\u00f6r\u00fcnebilir. Ancak bu rakamlar asl\u0131nda ekonominin &#8220;mutfa\u011f\u0131nda&#8221; pi\u015fen yeme\u011fin tuzudur, tad\u0131d\u0131r. T\u00fcrkiye\u2019nin &#8220;esnaf bankas\u0131&#8221; misyonuyla \u00f6zde\u015fle\u015fen Halkbank\u2019\u0131n 2025 y\u0131l\u0131 konsolide finansal sonu\u00e7lar\u0131, sadece bir bilan\u00e7o \u00f6zeti de\u011fil; soka\u011f\u0131n, ticaretin ve \u00fcretimin nabz\u0131n\u0131 tutan bir yol haritas\u0131 niteli\u011finde. Rakamlar trilyonlar\u0131 a\u015ft\u0131\u011f\u0131nda, bu durumun \u00e7ar\u015f\u0131daki esnaf\u0131n kredisinden yat\u0131r\u0131mc\u0131n\u0131n g\u00fcvenine kadar nas\u0131l bir yans\u0131mas\u0131 oldu\u011funu sorgulamak gerekir. Gelin, Halkbank\u2019\u0131n 2025 karnesindeki devasa rakamlar\u0131n sat\u0131r aralar\u0131na, bir finansal analist titizli\u011fiyle ama hayat\u0131n i\u00e7inden bir bak\u0131\u015fla dalal\u0131m.<\/p>\n<h3>2. Varl\u0131k Da\u011f\u0131l\u0131m\u0131nda 4,5 Trilyon S\u0131n\u0131r\u0131: Ekonominin &#8220;Motor Odas\u0131&#8221; Ne Kadar B\u00fcy\u00fcd\u00fc?<\/h3>\n<p>Halkbank\u2019\u0131n 2025 y\u0131l\u0131 bilan\u00e7osuna bakt\u0131\u011f\u0131m\u0131zda, bankan\u0131n \u00f6l\u00e7ek ekonomisinde vites y\u00fckseltti\u011fini g\u00f6r\u00fcyoruz. Grubun toplam varl\u0131klar\u0131, 31 Aral\u0131k 2025 itibar\u0131yla <b>4.497.070.228 Bin TL<\/b> seviyesine ula\u015farak yakla\u015f\u0131k 4,5 trilyon TL baraj\u0131na dayand\u0131. 2024 y\u0131l sonundaki 3,1 trilyon TL\u2019lik seviye ile k\u0131yasland\u0131\u011f\u0131nda, <b>y\u00fczde 43 civar\u0131nda devasa bir y\u0131ll\u0131k b\u00fcy\u00fcme<\/b> ile kar\u015f\u0131 kar\u015f\u0131yay\u0131z.<\/p>\n<p>Bu b\u00fcy\u00fcme, bankay\u0131 sadece bir kamu finansman arac\u0131 olmaktan \u00e7\u0131kar\u0131p ekonominin ana &#8220;motor odas\u0131&#8221; haline getiriyor. 4,5 trilyon liral\u0131k bir devin, toplam varl\u0131klar\u0131n\u0131n %47\u2019sini kredilerde tutmas\u0131, piyasadaki likidite ak\u0131\u015f\u0131n\u0131n ne kadar b\u00fcy\u00fck bir k\u0131sm\u0131n\u0131n Halkbank borular\u0131ndan ge\u00e7ti\u011finin en net g\u00f6stergesidir. Bir y\u0131l i\u00e7inde %43 b\u00fcy\u00fcmek, bankan\u0131n piyasa yap\u0131c\u0131 rol\u00fcn\u00fc per\u00e7inlerken, ayn\u0131 zamanda bu devasa k\u00fctleyi y\u00f6netmenin getirdi\u011fi sorumlulu\u011fu da beraberinde getiriyor.<\/p>\n<h3>3. K\u00e2r Tablosunda Y\u00fckselen Grafik: %124&#8217;l\u00fck Net Faiz Geliri S\u0131\u00e7ramas\u0131<\/h3>\n<p>Halkbank, 2025 y\u0131l\u0131n\u0131 s\u00fcrd\u00fcr\u00fclen faaliyetlerden elde edilen <b>27.130.696 Bin TL<\/b> net d\u00f6nem k\u00e2r\u0131 ile kapatt\u0131. Ancak bir analist g\u00f6z\u00fcyle bu tablonun as\u0131l kahraman\u0131 man\u015fet k\u00e2r rakam\u0131 de\u011fil, &#8220;Net Faiz Geliri&#8221; sat\u0131r\u0131d\u0131r. Banka, net faiz gelirini 2024 y\u0131l\u0131ndaki 43 milyar TL seviyesinden <b>96,5 milyar TL<\/b> seviyesine \u00e7\u0131kararak <b>%124\u2019l\u00fck \u00e7arp\u0131c\u0131 bir art\u0131\u015f<\/b> yakalam\u0131\u015ft\u0131r. Faiz giderlerinin h\u0131zla y\u00fckseldi\u011fi bir konjonkt\u00fcrde marjlar\u0131n\u0131 bu denli etkin y\u00f6netebilmesi, operasyonel verimlili\u011fin bir sonucudur.<\/p>\n<p>K\u00e2r-zarar tablosundaki bu performans, raporun en can al\u0131c\u0131 noktas\u0131n\u0131 olu\u015fturuyor:<\/p>\n<p>&#8220;S\u00fcrd\u00fcr\u00fclen Faaliyetler D\u00f6nem Net K\u00e2r\u0131: 27.130.696 Bin TL (Grubun K\u00e2r\u0131: 27.130.696 Bin TL)&#8221;<\/p>\n<h3>4. ABD&#8217;deki Hukuki S\u00fcre\u00e7: Bilan\u00e7odaki \u015eeffaf Ama G\u00f6lgeli Alan<\/h3>\n<p>Halkbank bilan\u00e7osunun en \u00e7ok konu\u015fulan, &#8220;Dikkat \u00c7ekilen Hususlar&#8221; b\u00f6l\u00fcm\u00fcnde yer alan New York G\u00fcney B\u00f6lge Mahkemesi\u2019ndeki hukuki s\u00fcre\u00e7, 2025\u2019te de yerini koruyor. Banka y\u00f6netimi, bu a\u015famada bir y\u00fck\u00fcml\u00fcl\u00fck do\u011fmad\u0131\u011f\u0131n\u0131 belirterek finansal tablolarda herhangi bir kar\u015f\u0131l\u0131k ay\u0131rmam\u0131\u015ft\u0131r. Ba\u011f\u0131ms\u0131z denet\u00e7i KPMG ise bu durumun verilen &#8220;olumlu&#8221; g\u00f6r\u00fc\u015f\u00fc etkilemedi\u011fini a\u00e7\u0131k\u00e7a not d\u00fc\u015fm\u00fc\u015ft\u00fcr.<\/p>\n<p>Burada <b>kar\u015f\u0131-sezgisel<\/b> bir durum s\u00f6z konusu: Y\u00f6netimin kar\u015f\u0131l\u0131k ay\u0131rmamas\u0131, hukuki s\u00fcrece dair sars\u0131lmaz bir &#8220;\u00f6zg\u00fcven&#8221; sinyali olarak okunabilir; zira TFRS standartlar\u0131 uyar\u0131nca sadece &#8220;olas\u0131&#8221; (probable) riskler i\u00e7in kar\u015f\u0131l\u0131k ayr\u0131l\u0131r. Ancak piyasa perspektifinden bak\u0131ld\u0131\u011f\u0131nda, bu &#8220;tertemiz&#8221; bilan\u00e7o asl\u0131nda yat\u0131r\u0131mc\u0131da bir risk birikmesi endi\u015fesi yarat\u0131yor. Kar\u015f\u0131l\u0131k yoluyla &#8220;riski y\u0131llara yayarak yumu\u015fatmak&#8221; (risk-smoothing) yerine s\u00fcrecin bir anda netle\u015fecek olmas\u0131, bilan\u00e7oyu \u015foklara kar\u015f\u0131 daha hassas k\u0131lan ince bir ip \u00fczerinde y\u00fcr\u00fcmek gibi.<\/p>\n<h3>5. Yeni Bir Oyuncu ve Stratejik Hamle: Halk Kat\u0131l\u0131m Bankas\u0131 Sahneye \u00c7\u0131k\u0131yor<\/h3>\n<p>Banka, ge\u00e7mi\u015ften gelen hukuki g\u00f6lgeleri y\u00f6netirken di\u011fer yandan gelece\u011fe y\u00f6nelik stratejik bir geni\u015fleme hamlesi ba\u015flatt\u0131. <b>22 Eyl\u00fcl 2025<\/b> tarihinde kurulan <b>Halk Kat\u0131l\u0131m Bankas\u0131 A\u015e<\/b>, grubun ekosistemine dahil olan en yeni ve en stratejik \u00fcye. Rapor tarihi itibar\u0131yla hen\u00fcz operasyonel faaliyete ge\u00e7memi\u015f olsa da, bu ad\u0131m Halkbank\u2019\u0131n mevduat toplama ve finansman modelini \u00e7e\u015fitlendirme vizyonunun bir par\u00e7as\u0131d\u0131r. Eski davalar\u0131n yaratt\u0131\u011f\u0131 belirsizli\u011fe, kat\u0131l\u0131m bankac\u0131l\u0131\u011f\u0131 gibi yeni ve dinamik bir alanla &#8220;\u0131\u015f\u0131k&#8221; tutulmas\u0131, bankan\u0131n defansif pozisyondan ofansif bir stratejiye ge\u00e7ti\u011finin kan\u0131t\u0131d\u0131r.<\/p>\n<h3>6. 67 Milyar TL&#8217;lik Koruma Kalkan\u0131: TFRS 9 ve %100 Temerr\u00fct Varsay\u0131m\u0131<\/h3>\n<p>Halkbank\u2019\u0131n risk y\u00f6netimindeki muhafazak\u00e2rl\u0131\u011f\u0131n\u0131 anlamak i\u00e7in <b>67.446.514 Bin TL<\/b> tutar\u0131ndaki beklenen zarar kar\u015f\u0131l\u0131klar\u0131na bakmak yeterlidir. Bu rakam, &#8220;Kilit Denetim Konusu&#8221; olarak ba\u011f\u0131ms\u0131z denetimin en \u00e7ok mesai harcad\u0131\u011f\u0131 alanlardan biri. Banka, TFRS 9\u2019un &#8220;3 A\u015famal\u0131&#8221; modelini kullanarak riskleri s\u0131n\u0131fland\u0131r\u0131yor.<\/p>\n<p>\u00d6zellikle teknik derinlikte dikkat \u00e7eken nokta \u015fu: Banka, 3. A\u015fama (Donuk Alacaklar) olarak s\u0131n\u0131fland\u0131r\u0131lan kredilerde, temerr\u00fct olas\u0131l\u0131\u011f\u0131n\u0131 <b>%100<\/b> varsayarak hareket ediyor. Yani banka, &#8220;bu para gelmezse ne yapar\u0131z?&#8221; sorusuna 67 milyar liral\u0131k nakit bir kalkanla cevap veriyor. Makroekonomik senaryolar\u0131n (iyimser, k\u00f6t\u00fcmser, baz) harmanland\u0131\u011f\u0131 bu hesaplama y\u00f6ntemi, Halkbank\u2019\u0131n b\u00fcy\u00fcme i\u015ftah\u0131n\u0131 frenlemeyen ama emniyet kemerini de \u00e7ok s\u0131k\u0131 tutan bir yap\u0131da oldu\u011funu g\u00f6steriyor.<\/p>\n<h3>7. Sonu\u00e7 ve Gelecek Projeksiyonu<\/h3>\n<p>Halkbank\u2019\u0131n 2025 karnesi bize be\u015f temel ger\u00e7e\u011fi s\u00f6yl\u00fcyor: %43\u2019l\u00fck agresif bir varl\u0131k b\u00fcy\u00fcmesi, faiz marjlar\u0131ndaki %124\u2019l\u00fck operasyonel ba\u015far\u0131, ABD davas\u0131ndaki dik duru\u015f (ve onun getirdi\u011fi belirsizlik), Halk Kat\u0131l\u0131m ile ba\u015flayan stratejik d\u00f6n\u00fc\u015f\u00fcm ve 67 milyar liral\u0131k devasa bir risk kalkan\u0131. Banka, bir yandan devletin finansal g\u00fcc\u00fcn\u00fc sahaya s\u00fcrerken, di\u011fer yandan modern risk y\u00f6netimi teknikleriyle bilan\u00e7osunu korumaya al\u0131yor.<\/p>\n<p>Kapan\u0131\u015fta sormam\u0131z gereken soru \u015fu: <b>Devlet fonlar\u0131n\u0131n deste\u011fi ve geni\u015fleyen i\u015ftirak yap\u0131s\u0131yla Halkbank, 2026&#8217;n\u0131n k\u00fcresel ekonomik dalgalanmalar\u0131nda g\u00fcvenli liman olmaya devam edebilecek mi?<\/b><\/p>\n<h1><span style=\"color: #3366ff;\">T\u00fcrkiye Halk Bankas\u0131 A.\u015e. 2025 Y\u0131l\u0131 Konsolide Finansal ve Denetim Brifingi<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing belgesi, T\u00fcrkiye Halk Bankas\u0131 A.\u015e. (&#8220;Banka&#8221;) ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n (&#8220;Grup&#8221;) 31 Aral\u0131k 2025 tarihi itibar\u0131yla sona eren hesap d\u00f6nemine ait konsolide finansal tablolar\u0131n\u0131 ve ba\u011f\u0131ms\u0131z denetim raporunu analiz etmektedir.<\/p>\n<p>Temel bulgular \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc:<\/b> KPMG taraf\u0131ndan y\u00fcr\u00fct\u00fclen ba\u011f\u0131ms\u0131z denetim sonucunda, finansal tablolar\u0131n &#8220;BDDK Muhasebe ve Finansal Raporlama Mevzuat\u0131&#8221;na uygun olarak, t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde sunuldu\u011fu teyit edilerek &#8220;Olumlu G\u00f6r\u00fc\u015f&#8221; verilmi\u015ftir.<\/li>\n<li><b>Finansal B\u00fcy\u00fcme:<\/b> Grubun toplam varl\u0131klar\u0131 2024 y\u0131l\u0131ndaki 3,14 trilyon TL seviyesinden 2025 sonu itibar\u0131yla 4,50 trilyon TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<li><b>Karl\u0131l\u0131k:<\/b> 2025 y\u0131l\u0131 d\u00f6nem net k\u00e2r\u0131 28,92 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir (Ana ortakl\u0131k pay\u0131: 27,13 milyar TL).<\/li>\n<li><b>Kritik Davalar:<\/b> ABD&#8217;deki ceza davas\u0131 devam etmekte olup, Banka y\u00f6netimi raporlama tarihi itibar\u0131yla finansal tablolarda bir kar\u015f\u0131l\u0131k ayr\u0131lmas\u0131n\u0131 gerektirecek hukuki bir y\u00fck\u00fcml\u00fcl\u00fck do\u011fmad\u0131\u011f\u0131n\u0131 beyan etmi\u015ftir.<\/li>\n<li><b>Enflasyon Muhasebesi:<\/b> BDDK karar\u0131 do\u011frultusunda, 2025 y\u0131l\u0131 finansal tablolar\u0131nda TMS 29 kapsam\u0131nda enflasyon d\u00fczeltmesi uygulanmam\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. Kurumsal Yap\u0131 ve Stratejik Konumlanma<\/h2>\n<h3>1.1. Tarih\u00e7e ve Sermaye Yap\u0131s\u0131<\/h3>\n<p>1938 y\u0131l\u0131nda 2284 say\u0131l\u0131 kanunla kurulan T\u00fcrkiye Halk Bankas\u0131, g\u00fcn\u00fcm\u00fczde kamusal sermayeli ticari bir banka stat\u00fcs\u00fcndedir.<\/p>\n<ul>\n<li><b>H\u00e2kim Ortak:<\/b> Bankan\u0131n do\u011frudan h\u00e2kimiyeti %91,49 pay oran\u0131 ile <b>T\u00fcrkiye Varl\u0131k Fonu<\/b>&#8216;na aittir.<\/li>\n<li><b>Halka Arz:<\/b> Sermayenin %8,51&#8217;lik k\u0131sm\u0131 halka a\u00e7\u0131k olup Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6rmektedir.<\/li>\n<\/ul>\n<h3>1.2. Konsolidasyon Kapsam\u0131 ve \u0130\u015ftirakler<\/h3>\n<p>Grup, geni\u015f bir yelpazede finansal hizmetler sunmaktad\u0131r. Konsolidasyona dahil edilen ana kurulu\u015flar \u015funlard\u0131r:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Tam Konsolidasyona Tabi Ortakl\u0131klar<\/td>\n<td>\u00d6zkaynak Y\u00f6ntemiyle De\u011ferlenenler<\/td>\n<\/tr>\n<tr>\n<td>Halk Yat\u0131r\u0131m Menkul De\u011ferler A\u015e<\/td>\n<td>DHB Bank NV<\/td>\n<\/tr>\n<tr>\n<td>Halk Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A\u015e<\/td>\n<td>Kobi Giri\u015fim Sermayesi Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A\u015e<\/td>\n<\/tr>\n<tr>\n<td>Halk Finansal Kiralama A\u015e<\/td>\n<td>Y\u0131ld\u0131z Tekno Giri\u015fim Sermayesi Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A\u015e<\/td>\n<\/tr>\n<tr>\n<td>Halk Faktoring A\u015e<\/td>\n<td>Birle\u015fim Varl\u0131k Y\u00f6netim A\u015e<\/td>\n<\/tr>\n<tr>\n<td>Halk Banka AD, Skopje (K. Makedonya)<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Halkbank AD, Beograd (S\u0131rbistan)<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Halk Kat\u0131l\u0131m Bankas\u0131 A\u015e (Yeni Kurulan)<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Halk Elektronik Para ve \u00d6deme Hizmetleri A\u015e<\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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. Ba\u011f\u0131ms\u0131z Denetim Analizi ve Kilit Hususlar<\/h2>\n<h3>2.1. Kilit Denetim Konusu: Kredi De\u011fer D\u00fc\u015f\u00fckl\u00fc\u011f\u00fc<\/h3>\n<p>Denet\u00e7i, itfa edilmi\u015f maliyetiyle \u00f6l\u00e7\u00fclen kredilere ili\u015fkin de\u011fer d\u00fc\u015f\u00fckl\u00fc\u011f\u00fcn\u00fc en \u00f6nemli denetim konusu olarak belirlemi\u015ftir.<\/p>\n<ul>\n<li><b>Risk B\u00fcy\u00fckl\u00fc\u011f\u00fc:<\/b> Krediler, toplam varl\u0131klar\u0131n %47\u2019sini olu\u015fturmaktad\u0131r.<\/li>\n<li><b>Kar\u015f\u0131l\u0131k Tutar\u0131:<\/b> 31 Aral\u0131k 2025 itibar\u0131yla ayr\u0131lan toplam beklenen zarar kar\u015f\u0131l\u0131\u011f\u0131 <b>67.446.514 Bin TL<\/b>&#8216;dir.<\/li>\n<li><b>Model Karma\u015f\u0131kl\u0131\u011f\u0131:<\/b> TFRS 9 kapsam\u0131nda uygulanan &#8220;beklenen kredi zarar\u0131 modeli&#8221;, y\u00f6netimin makroekonomik veriler ve kredi riskinde \u00f6nemli art\u0131\u015f (KROA) kriterleri \u00fczerindeki \u00f6ng\u00f6r\u00fclerini ve karma\u015f\u0131k varsay\u0131mlar\u0131n\u0131 i\u00e7ermektedir.<\/li>\n<\/ul>\n<h3>2.2. Dikkat \u00c7ekilen Husus: ABD Ceza Davas\u0131<\/h3>\n<p>Banka hakk\u0131nda ABD G\u00fcney New York B\u00f6lge Mahkemesi nezdinde, yapt\u0131r\u0131mlar\u0131n ihlal edildi\u011fi iddias\u0131yla 15 Ekim 2019&#8217;da a\u00e7\u0131lan dava devam etmektedir.<\/p>\n<ul>\n<li><b>Y\u00f6netim Beyan\u0131:<\/b> &#8220;Rapor tarihi itibar\u0131yla dava sonu\u00e7lanmam\u0131\u015f olup&#8230; bu a\u015famada Banka\u2019n\u0131n finansal tablolar\u0131nda kar\u015f\u0131l\u0131k ayr\u0131lmas\u0131n\u0131 gerektirecek bir y\u00fck\u00fcml\u00fcl\u00fck do\u011fmam\u0131\u015ft\u0131r.&#8221;<\/li>\n<li><b>Denet\u00e7i Notu:<\/b> Bu belirsizlik, denet\u00e7i taraf\u0131ndan verilen &#8220;Olumlu G\u00f6r\u00fc\u015f&#8221;\u00fc etkilememektedir.<\/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 Durum Analizi (\u00d6zet Tablolar)<\/h2>\n<h3>3.1. Konsolide Bilan\u00e7o (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<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>4.497.070.228<\/b><\/td>\n<td><b>3.143.858.750<\/b><\/td>\n<\/tr>\n<tr>\n<td>Krediler (Net)<\/td>\n<td>2.095.986.969<\/td>\n<td>1.521.643.450<\/td>\n<\/tr>\n<tr>\n<td>Nakit De\u011ferler ve MB<\/td>\n<td>868.307.665<\/td>\n<td>633.426.893<\/td>\n<\/tr>\n<tr>\n<td>Finansal Varl\u0131klar<\/td>\n<td>1.353.172.844<\/td>\n<td>907.599.444<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td><b>4.497.070.228<\/b><\/td>\n<td><b>3.143.858.750<\/b><\/td>\n<\/tr>\n<tr>\n<td>Mevduat<\/td>\n<td>3.607.838.093<\/td>\n<td>2.460.620.455<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zkaynaklar<\/td>\n<td>222.945.026<\/td>\n<td>169.936.117<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3.2. Konsolide Kar veya Zarar Tablosu (Bin TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Gelir\/Gider Kalemi<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2025<\/td>\n<td>1 Ocak &#8211; 31 Aral\u0131k 2024<\/td>\n<\/tr>\n<tr>\n<td>Faiz Gelirleri<\/td>\n<td>918.258.634<\/td>\n<td>678.010.748<\/td>\n<\/tr>\n<tr>\n<td>Faiz Giderleri (-)<\/td>\n<td>(821.739.361)<\/td>\n<td>(634.949.484)<\/td>\n<\/tr>\n<tr>\n<td><b>Net Faiz Geliri<\/b><\/td>\n<td><b>96.519.273<\/b><\/td>\n<td><b>43.061.264<\/b><\/td>\n<\/tr>\n<tr>\n<td>Net \u00dccret ve Komisyonlar<\/td>\n<td>61.847.539<\/td>\n<td>41.740.995<\/td>\n<\/tr>\n<tr>\n<td>Beklenen Zarar Kar\u015f\u0131l\u0131k Gid. (-)<\/td>\n<td>(38.544.281)<\/td>\n<td>(10.139.775)<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net Kar\u0131<\/b><\/td>\n<td><b>28.920.791<\/b><\/td>\n<td><b>23.227.046<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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. Muhasebe Politikalar\u0131 ve Risk Y\u00f6netimi<\/h2>\n<h3>4.1. TFRS 9 Uygulamas\u0131<\/h3>\n<p>Grup, finansal varl\u0131klarda de\u011fer d\u00fc\u015f\u00fckl\u00fc\u011f\u00fcn\u00fc tespit etmek i\u00e7in &#8220;3 a\u015famal\u0131&#8221; beklenen kredi zarar\u0131 modelini kullanmaktad\u0131r:<\/p>\n<ol>\n<li><b>1. A\u015fama:<\/b> Kredi riskinde \u00f6nemli art\u0131\u015f olmayan varl\u0131klar i\u00e7in 12 ayl\u0131k beklenen zarar kar\u015f\u0131l\u0131\u011f\u0131.<\/li>\n<li><b>2. A\u015fama:<\/b> Kredi riskinde \u00f6nemli art\u0131\u015f (KROA) tespit edilenler i\u00e7in \u00f6m\u00fcr boyu beklenen zarar kar\u015f\u0131l\u0131\u011f\u0131.<\/li>\n<li><b>3. A\u015fama:<\/b> Donuk alacak niteli\u011findeki varl\u0131klar i\u00e7in %100 temerr\u00fct olas\u0131l\u0131\u011f\u0131 ile kar\u015f\u0131l\u0131k ayr\u0131lmas\u0131.<\/li>\n<\/ol>\n<h3>4.2. Finansal Ara\u00e7lar\u0131n \u00d6l\u00e7\u00fcm\u00fc<\/h3>\n<ul>\n<li><b>T\u00dcFE\u2019ye Endeksli Tahviller:<\/b> Bu menkul k\u0131ymetlerin de\u011ferlemesinde piyasa verilerini yans\u0131tan swap e\u011frileri esas al\u0131nmaktad\u0131r. Enflasyon varsay\u0131mlar\u0131ndaki %1&#8217;lik bir de\u011fi\u015fim, faiz gelirlerini yakla\u015f\u0131k 4,45 milyon TL etkilemektedir.<\/li>\n<li><b>Yabanc\u0131 Para \u00c7evrimi:<\/b> Yurt d\u0131\u015f\u0131 ba\u011fl\u0131 ortakl\u0131klardan kaynaklanan kur riskine kar\u015f\u0131 &#8220;Net Yat\u0131r\u0131m Riskinden Korunma&#8221; (Net Investment Hedge) muhasebesi uygulanmaktad\u0131r.<\/li>\n<\/ul>\n<h3>4.3. Gayrimenkul De\u011ferleme<\/h3>\n<ul>\n<li><b>Yat\u0131r\u0131m Ama\u00e7l\u0131 Gayrimenkuller:<\/b> Kas\u0131m 2023 itibar\u0131yla muhasebe politikas\u0131 de\u011fi\u015ftirilerek &#8220;Ger\u00e7e\u011fe Uygun De\u011fer&#8221; y\u00f6ntemi benimsenmi\u015ftir. De\u011ferleme farklar\u0131 do\u011frudan Kar veya Zarar Tablosuna yans\u0131t\u0131lmaktad\u0131r.<\/li>\n<li><b>Kullan\u0131lan Binalar:<\/b> Maddi duran varl\u0131klar i\u00e7indeki binalar i\u00e7in yeniden de\u011ferleme y\u00f6ntemi uygulanmakta, farklar \u00f6zkaynaklar alt\u0131nda izlenmektedir.<\/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. \u00d6nemli Dipnotlar ve Di\u011fer A\u00e7\u0131klamalar<\/h2>\n<ul>\n<li><b>Hisse Ba\u015f\u0131na Kazan\u00e7:<\/b> 2025 y\u0131l\u0131 i\u00e7in hisse ba\u015f\u0131na kazan\u00e7 3,776 TL olarak hesaplanm\u0131\u015ft\u0131r (2024: 3,067 TL).<\/li>\n<li><b>Bilan\u00e7o D\u0131\u015f\u0131 Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> Grup&#8217;un bilan\u00e7o d\u0131\u015f\u0131 y\u00fck\u00fcml\u00fcl\u00fckleri toplam\u0131 2,41 trilyon TL&#8217;dir. Bunun 1,20 trilyon TL&#8217;si garanti ve kefaletlerden, 538 milyar TL&#8217;si ise t\u00fcrev finansal ara\u00e7lardan olu\u015fmaktad\u0131r.<\/li>\n<li><b>Personel Giderleri:<\/b> 2025 y\u0131l\u0131nda personel giderleri, \u00f6nceki y\u0131la g\u00f6re \u00f6nemli bir art\u0131\u015f g\u00f6stererek 52,20 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>Vergi:<\/b> S\u00fcrd\u00fcr\u00fclen faaliyetler vergi kar\u015f\u0131l\u0131\u011f\u0131 6,84 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Halkbank 2025 Y\u0131l\u0131 Finansal Sonu\u00e7lar\u0131n\u0131 A\u00e7\u0131klad\u0131: 28,9 Milyar TL Net K\u00e2r ve 4,5 Trilyon TL Aktif B\u00fcy\u00fckl\u00fck!<br \/>\nT\u00fcrkiye Halk Bankas\u0131, 2025 y\u0131l\u0131 konsolide finansal sonu\u00e7lar\u0131n\u0131 kamuoyuyla payla\u015ft\u0131. Banka, zorlu makroekonomik ko\u015fullara ra\u011fmen aktif b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fc 4,5 trilyon TL\u2019ye \u00e7\u0131kar\u0131rken, net d\u00f6nem k\u00e2r\u0131n\u0131 28,9 milyar TL seviyesine ta\u015f\u0131d\u0131. Net faiz gelirlerinde bir \u00f6nceki y\u0131la g\u00f6re iki kat\u0131n \u00fczerinde art\u0131\u015f yakalayan Halkbank, %15,56&#8217;l\u0131k sermaye yeterlilik oran\u0131yla g\u00fc\u00e7l\u00fc mali yap\u0131s\u0131n\u0131 korudu\u011funu kan\u0131tlad\u0131. Uluslararas\u0131 kredi derecelendirme kurulu\u015fu Fitch&#8217;ten gelen not art\u0131\u015f\u0131 ve ulusal d\u00fczeydeki &#8220;AAA&#8221; zirve notuyla dikkat \u00e7eken 2025 y\u0131l\u0131 raporunun t\u00fcm detaylar\u0131 yaz\u0131m\u0131zda.<\/p>\n","protected":false},"author":7,"featured_media":971,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[268],"class_list":["post-1394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-halkb"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1394","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1394"}],"version-history":[{"count":4,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1394\/revisions"}],"predecessor-version":[{"id":1398,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1394\/revisions\/1398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/971"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}