{"id":481,"date":"2025-12-24T23:56:57","date_gmt":"2025-12-24T20:56:57","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=481"},"modified":"2025-12-24T23:56:57","modified_gmt":"2025-12-24T20:56:57","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-ekt-turkiye-emlak-katilim-bankasi-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/481","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #EKT | T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #EKT | T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/k0XleDzKJJc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Emlak Kat\u0131l\u0131m&#8217;\u0131n Finansal Raporundan \u00c7\u0131kan 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<h3>Giri\u015f: Rakamlar\u0131n \u00d6tesindeki Hikaye<\/h3>\n<p>Finansal raporlar, genellikle rakamlarla dolu, kuru ve teknik belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak bazen, sat\u0131r aralar\u0131nda bir \u015firketin ruhunu, stratejisini ve gelece\u011fini anlatan s\u00fcr\u00fckleyici bir hikaye gizlidir. T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131&#8217;n\u0131n PwC taraf\u0131ndan denetlenen son konsolide olmayan finansal raporu da tam olarak b\u00f6yle bir belge. Bu resmi dok\u00fcman\u0131n so\u011fuk rakamlar\u0131 aras\u0131nda, adeta bir finansal arkeolog gibi kaz\u0131 yapt\u0131\u011f\u0131n\u0131zda, T\u00fcrkiye&#8217;nin tarihinden, s\u0131ra d\u0131\u015f\u0131 bir finansal stratejiden ve dudak u\u00e7uklatan bir b\u00fcy\u00fcmeden izler ta\u015f\u0131yan \u015fa\u015f\u0131rt\u0131c\u0131 ger\u00e7ekler yat\u0131yor. \u0130\u015fte bu raporda gizli kalm\u0131\u015f en \u00e7arp\u0131c\u0131 d\u00f6rt detay\u0131n analizi.<\/p>\n<h3>1. Milyarlarca Liral\u0131k Denetim \u015eerhi: K\u00e2r\u0131n\u0131 Bilerek mi D\u00fc\u015f\u00fck G\u00f6steriyor?<\/h3>\n<p>PwC gibi bir denetim devinin finansal rapora &#8220;\u015eartl\u0131 Sonu\u00e7&#8221; eklemesi, dikkatle incelenmesi gereken \u00f6nemli bir i\u015farettir. Bu, denet\u00e7inin raporun geneliyle hemfikir olmakla birlikte, belirli bir konuda \u00e7ekincesi oldu\u011fu anlam\u0131na gelir. Emlak Kat\u0131l\u0131m&#8217;\u0131n raporundaki \u015fart\u0131n sebebi ise olduk\u00e7a \u015fa\u015f\u0131rt\u0131c\u0131.<\/p>\n<p>Denetim raporuna g\u00f6re banka y\u00f6netimi, Bankac\u0131l\u0131k D\u00fczenleme ve Denetleme Kurulu (BDDK) mevzuat\u0131n\u0131n gerektirdi\u011finin \u00e7ok \u00f6tesinde, toplam <b>9,85 milyar TL<\/b> tutar\u0131nda &#8220;serbest kar\u015f\u0131l\u0131k&#8221; ay\u0131rm\u0131\u015f. Bu, bankan\u0131n olas\u0131 risklere kar\u015f\u0131 fazladan bir tampon olu\u015fturdu\u011fu anlam\u0131na geliyor.<\/p>\n<p>PwC&#8217;nin belirtti\u011fi \u00fczere bu i\u015flemin do\u011frudan bir sonucu var: E\u011fer bu ekstra kar\u015f\u0131l\u0131k ayr\u0131lmam\u0131\u015f olsayd\u0131, bankan\u0131n 30 Eyl\u00fcl 2025 itibar\u0131yla:<\/p>\n<ul>\n<li><b>D\u00f6nem net k\u00e2r\u0131 1,645 milyar TL daha y\u00fcksek,<\/b><\/li>\n<li><b>Toplam \u00f6zkaynaklar\u0131 ise 6,895 milyar TL daha y\u00fcksek<\/b> olacakt\u0131.<\/li>\n<\/ul>\n<p>Bu durum akla \u015fu soruyu getiriyor: H\u0131zla b\u00fcy\u00fcyen bir banka neden k\u00e2r\u0131n\u0131 ve \u00f6zkaynaklar\u0131n\u0131 ka\u011f\u0131t \u00fczerinde bilin\u00e7li olarak bu kadar d\u00fc\u015f\u00fck g\u00f6stermek istesin? Bu, ya a\u015f\u0131r\u0131 muhafazakar bir risk y\u00f6netimi anlay\u0131\u015f\u0131n\u0131 ya da gelece\u011fe y\u00f6nelik \u00e7ok bilin\u00e7li bir finansal stratejiyi i\u015faret ediyor. Bu hamle, potansiyel halka arz yat\u0131r\u0131mc\u0131lar\u0131na bankan\u0131n risk y\u00f6netimi konusunda ne kadar ihtiyatl\u0131 ve \u00f6ng\u00f6r\u00fcl\u00fc oldu\u011funa dair g\u00fc\u00e7l\u00fc bir sinyal g\u00f6nderme stratejisi olabilir mi?<\/p>\n<h3>2. Atat\u00fcrk&#8217;\u00fcn Vizyonundan Kat\u0131l\u0131m Bankac\u0131l\u0131\u011f\u0131na: As\u0131rl\u0131k Bir D\u00f6n\u00fc\u015f\u00fcm<\/h3>\n<p>Bankan\u0131n raporunun &#8220;Genel Bilgiler&#8221; b\u00f6l\u00fcm\u00fc, bir finansal rapordan beklenmeyecek kadar derin bir tarihsel anlat\u0131 sunuyor. Bankan\u0131n k\u00f6keni, modern T\u00fcrkiye&#8217;nin kurulu\u015f y\u0131llar\u0131na dayan\u0131yor.<\/p>\n<ul>\n<li><b>Kurulu\u015f:<\/b> Banka, 1926 y\u0131l\u0131nda bizzat <b>Mustafa Kemal Atat\u00fcrk&#8217;\u00fcn talimat\u0131yla<\/b> &#8220;Emlak ve Eytam Bankas\u0131&#8221; ad\u0131yla kuruldu. Amac\u0131 ikiliydi: \u00dclkenin imar \u00e7abalar\u0131n\u0131 ve in\u015faat giri\u015fimlerini desteklemek ve ayn\u0131 zamanda yetimlerin haklar\u0131n\u0131 korumak.<\/li>\n<li><b>Miras:<\/b> Faaliyette oldu\u011fu d\u00f6nemde banka, T\u00fcrkiye&#8217;nin kentle\u015fme haf\u0131zas\u0131nda \u00f6nemli izler b\u0131rakt\u0131. \u0130stanbul&#8217;daki <b>Atak\u00f6y, Ata\u015fehir ve Bah\u00e7e\u015fehir<\/b> gibi b\u00fcy\u00fck konut projeleri, bankan\u0131n miras\u0131n\u0131n en bilinen \u00f6rnekleri aras\u0131nda.<\/li>\n<li><b>Kapan\u0131\u015f:<\/b> 2001 y\u0131l\u0131nda bankac\u0131l\u0131k lisans\u0131 iptal edildi ve banka, tam 16 y\u0131l s\u00fcrecek bir tasfiye s\u00fcrecine girdi.<\/li>\n<li><b>Yeniden Do\u011fu\u015f:<\/b> 2017&#8217;de tasfiyeden \u00e7\u0131karak adeta k\u00fcllerinden yeniden do\u011fdu. 3 Eyl\u00fcl 2018&#8217;de yeni ana s\u00f6zle\u015fmesi onaylanarak stat\u00fcs\u00fc kat\u0131l\u0131m bankas\u0131 olarak belirlendi ve 10 Eyl\u00fcl 2018&#8217;de &#8220;T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131 A.\u015e.&#8221; unvan\u0131yla tescil edildi. Banka, 2019&#8217;da yeni kimli\u011fiyle faaliyete ba\u015flad\u0131.<\/li>\n<\/ul>\n<p>Laik cumhuriyetin kurucusu taraf\u0131ndan \u00fclkenin imar\u0131 i\u00e7in kurulan bir bankan\u0131n, yakla\u015f\u0131k bir as\u0131r sonra modern bir kat\u0131l\u0131m finans kurumuna d\u00f6n\u00fc\u015fmesi, T\u00fcrkiye&#8217;nin ekonomik ve sosyal evrimini yans\u0131tan ola\u011fan\u00fcst\u00fc bir hikaye. Bu d\u00f6n\u00fc\u015f\u00fcm, sadece bir bankan\u0131n de\u011fil, ayn\u0131 zamanda T\u00fcrkiye ekonomisinin son y\u00fczy\u0131ldaki pragmatik ve ideolojik yolculu\u011funun da bir mikrokozmosunu sunuyor.<\/p>\n<h3>3. Beklentileri A\u015fan Patlay\u0131c\u0131 B\u00fcy\u00fcme<\/h3>\n<p>Emlak Kat\u0131l\u0131m, sadece ge\u00e7mi\u015fiyle de\u011fil, bug\u00fcnk\u00fc performans\u0131yla da dikkat \u00e7ekiyor. 2025&#8217;in ilk dokuz ay\u0131na ait rakamlar, \u00f6zellikle bir kamu bankas\u0131 i\u00e7in \u015fa\u015f\u0131rt\u0131c\u0131 bir dinamizme i\u015faret ediyor.<\/p>\n<ul>\n<li><b>Toplam Varl\u0131klar:<\/b> 2024 sonunda yakla\u015f\u0131k 228 milyar TL olan toplam varl\u0131klar, dokuz ayda <b>354 milyar TL<\/b>&#8216;nin \u00fczerine \u00e7\u0131kt\u0131.<\/li>\n<li><b>D\u00f6nem Net K\u00e2r\u0131:<\/b> 2025&#8217;in ilk dokuz ay\u0131nda <b>10,446 milyar TL<\/b> net k\u00e2r elde etti.<\/li>\n<li><b>\u015eube Say\u0131s\u0131:<\/b> \u015eube a\u011f\u0131 113&#8217;ten <b>120<\/b>&#8216;ye y\u00fckseldi.<\/li>\n<li><b>Personel Say\u0131s\u0131:<\/b> \u00c7al\u0131\u015fan say\u0131s\u0131 1.713&#8217;ten <b>1.827<\/b>&#8216;ye \u00e7\u0131kt\u0131.<\/li>\n<\/ul>\n<p>Bu rakamlar, bankan\u0131n sadece pazar pay\u0131 kapma yar\u0131\u015f\u0131nda olmad\u0131\u011f\u0131n\u0131, ayn\u0131 zamanda bunu operasyonel altyap\u0131s\u0131n\u0131 ve insan kayna\u011f\u0131n\u0131 e\u015f zamanl\u0131 olarak g\u00fc\u00e7lendirerek s\u00fcrd\u00fcr\u00fclebilir bir temelde yapt\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n<h3>4. Gelece\u011fe Bak\u0131\u015f: Ufukta Halka Arz G\u00f6r\u00fcnd\u00fc<\/h3>\n<p>Raporun dipnotlar\u0131nda, bankan\u0131n gelece\u011fine dair \u00e7ok \u00f6nemli bir stratejik ad\u0131m\u0131n ipucu veriliyor. 11 Eyl\u00fcl 2025 tarihinde Banka Y\u00f6netim Kurulu, halka arz s\u00fcrecini ba\u015flatma karar\u0131 ald\u0131.<\/p>\n<p>Bu karar, bankan\u0131n hisselerini Borsa \u0130stanbul&#8217;da (BIST) i\u015flem g\u00f6rmeye haz\u0131rlad\u0131\u011f\u0131 anlam\u0131na geliyor. H\u00e2lihaz\u0131rda sermayesinin %99,99999&#8217;u Hazine ve Maliye Bakanl\u0131\u011f\u0131&#8217;na ait olan banka i\u00e7in bu hamle, sermaye yap\u0131s\u0131n\u0131 \u00e7e\u015fitlendirme ve \u015feffafl\u0131k seviyesini art\u0131rma yolunda at\u0131lm\u0131\u015f dev bir ad\u0131m olacak. Bu geli\u015fme, bankan\u0131n uzun ve hikayelerle dolu tarihinde yeni bir sayfa a\u00e7maya haz\u0131rland\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n<h3>Sonu\u00e7: Ge\u00e7mi\u015fin Miras\u0131, Gelece\u011fin Stratejisi<\/h3>\n<p>T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131&#8217;n\u0131n finansal raporu, rakamlar\u0131n \u00f6tesinde bir ger\u00e7e\u011fi g\u00f6zler \u00f6n\u00fcne seriyor: K\u00f6kl\u00fc bir tarihsel mirasa sahip, bilin\u00e7li ve muhafazakar bir finansal strateji izleyen ve ayn\u0131 zamanda patlay\u0131c\u0131 bir b\u00fcy\u00fcme sergileyen bir kurum, \u015fimdi de y\u00fcz\u00fcn\u00fc sermaye piyasalar\u0131na d\u00f6n\u00fcyor. Banka, hem ba\u015f d\u00f6nd\u00fcr\u00fcc\u00fc bir b\u00fcy\u00fcme performans\u0131 sergilerken hem de finansal tablolar\u0131n\u0131 ihtiyatl\u0131 bir \u015fekilde y\u00f6neterek, halka arz \u00f6ncesinde potansiyel yat\u0131r\u0131mc\u0131lara \u00e7ok y\u00f6nl\u00fc ve g\u00fc\u00e7l\u00fc bir mesaj veriyor.<\/p>\n<p>Emlak Kat\u0131l\u0131m, k\u00f6kl\u00fc miras\u0131n\u0131 ve s\u0131ra d\u0131\u015f\u0131 finansal stratejisini borsaya ta\u015f\u0131rken, bu benzersiz kombinasyon onu Borsa \u0130stanbul&#8217;un yeni y\u0131ld\u0131z\u0131 yapmaya yetecek mi?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131 A.\u015e. 30 Eyl\u00fcl 2025 Finansal Durum De\u011ferlendirmesi<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131 A.\u015e.&#8217;nin (&#8220;Banka&#8221;) 30 Eyl\u00fcl 2025 tarihinde sona eren dokuz ayl\u0131k d\u00f6neme ait konsolide olmayan finansal tablolar\u0131 ve PwC Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e. (&#8220;PwC&#8221;) taraf\u0131ndan y\u00fcr\u00fct\u00fclen s\u0131n\u0131rl\u0131 denetim raporunun temel bulgular\u0131n\u0131 \u00f6zetlemektedir.<\/p>\n<p>Denetim sonucunda, Banka&#8217;n\u0131n finansal tablolar\u0131na ili\u015fkin <b>&#8220;\u015eartl\u0131 Sonu\u00e7&#8221;<\/b> bildirilmi\u015ftir. Bu \u015fartl\u0131 g\u00f6r\u00fc\u015f\u00fcn temel dayana\u011f\u0131, Banka y\u00f6netiminin Bankac\u0131l\u0131k D\u00fczenleme ve Denetleme Kurumu (&#8220;BDDK&#8221;) Muhasebe ve Finansal Raporlama Mevzuat\u0131 gereklilikleri d\u0131\u015f\u0131nda, toplam <b>9.850.000 bin TL<\/b> tutar\u0131nda serbest kar\u015f\u0131l\u0131k ay\u0131rmas\u0131 ve bu kar\u015f\u0131l\u0131\u011fa istinaden <b>2.955.000 bin TL<\/b> tutar\u0131nda ertelenmi\u015f vergi varl\u0131\u011f\u0131 muhasebele\u015ftirmesidir.<\/p>\n<p>PwC&#8217;nin raporuna g\u00f6re, bu serbest kar\u015f\u0131l\u0131k ayr\u0131lmam\u0131\u015f olsayd\u0131, 30 Eyl\u00fcl 2025 tarihi itibar\u0131yla Banka&#8217;n\u0131n;<\/p>\n<ul>\n<li><b>Net d\u00f6nem k\u00e2r\u0131 1.645.000 bin TL daha fazla<\/b>,<\/li>\n<li><b>\u00d6zkaynaklar\u0131 ise 6.895.000 bin TL daha fazla<\/b> olacakt\u0131.<\/li>\n<\/ul>\n<p>Finansal performans a\u00e7\u0131s\u0131ndan Banka, 30 Eyl\u00fcl 2025&#8217;te sona eren dokuz ayl\u0131k d\u00f6nemde <b>10.446.277 bin TL net k\u00e2r<\/b> elde etmi\u015ftir. Bu rakam, \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6neminde elde edilen 6.747.370 bin TL&#8217;lik net k\u00e2ra g\u00f6re \u00f6nemli bir art\u0131\u015fa i\u015faret etmektedir. Banka&#8217;n\u0131n toplam varl\u0131klar\u0131 354,2 milyar TL&#8217;ye ula\u015f\u0131rken, \u00f6zkaynaklar\u0131 28,5 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir. Sermaye yeterlili\u011fi standart oran\u0131 %19,61 seviyesinde olup yasal asgari oran\u0131n \u00fczerindedir.<\/p>\n<p>Stratejik olarak Banka Y\u00f6netim Kurulu, 11 Eyl\u00fcl 2025 tarihinde T\u00fcrkiye&#8217;de <b>halka arz s\u00fcrecini ba\u015flatma karar\u0131<\/b> alm\u0131\u015ft\u0131r. Bu, Banka&#8217;n\u0131n kurumsal tarihinde \u00f6nemli bir d\u00f6n\u00fcm noktas\u0131 olarak de\u011ferlendirilmektedir.<\/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<h3>1. Denetim Raporuna Genel Bak\u0131\u015f<\/h3>\n<p>PwC taraf\u0131ndan y\u00fcr\u00fct\u00fclen s\u0131n\u0131rl\u0131 denetim, Banka&#8217;n\u0131n ara d\u00f6nem finansal bilgilerinin &#8220;BDDK Muhasebe ve Finansal Raporlama Mevzuat\u0131&#8221; \u00e7er\u00e7evesinde ger\u00e7e\u011fe uygun bir bi\u00e7imde sunulup sunulmad\u0131\u011f\u0131n\u0131 de\u011ferlendirmi\u015ftir.<\/p>\n<p><b>Denet\u00e7i Firma ve Kapsam:<\/b><\/p>\n<ul>\n<li><b>Denet\u00e7i Firma:<\/b> PwC Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e.<\/li>\n<li><b>Sorumlu Denet\u00e7i:<\/b> Talar G\u00fcl, SMMM<\/li>\n<li><b>Rapor Tarihi:<\/b> 10 Kas\u0131m 2025<\/li>\n<li><b>Kapsam:<\/b> T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131 A.\u015e.&#8217;nin 30 Eyl\u00fcl 2025 tarihli konsolide olmayan bilan\u00e7osu ve ayn\u0131 tarihte sona eren dokuz ayl\u0131k d\u00f6nemine ait k\u00e2r veya zarar, kapsaml\u0131 gelir, \u00f6zkaynaklar de\u011fi\u015fim ve nakit ak\u0131\u015f tablolar\u0131n\u0131n s\u0131n\u0131rl\u0131 denetimi.<\/li>\n<\/ul>\n<h4>1.1. \u015eartl\u0131 Sonucun Gerek\u00e7esi<\/h4>\n<p>Denet\u00e7i, Banka&#8217;n\u0131n BDDK mevzuat\u0131n\u0131n gereklilikleri d\u0131\u015f\u0131nda serbest kar\u015f\u0131l\u0131k ay\u0131rmas\u0131 nedeniyle \u015fartl\u0131 bir sonuca varm\u0131\u015ft\u0131r. Bu durum, finansal tablolar\u0131n belirli kalemlerinin ger\u00e7e\u011fe uygun de\u011ferinden sapmas\u0131na yol a\u00e7m\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Toplam Serbest Kar\u015f\u0131l\u0131k:<\/b> 9.850.000 bin TL\n<ul>\n<li><i>Ge\u00e7mi\u015f Y\u0131llarda Ayr\u0131lan:<\/i> 7.500.000 bin TL<\/li>\n<li><i>Cari D\u00f6nemde Ayr\u0131lan:<\/i> 2.350.000 bin TL<\/li>\n<\/ul>\n<\/li>\n<li><b>\u0130li\u015fkili Ertelenmi\u015f Vergi Varl\u0131\u011f\u0131:<\/b> 2.955.000 bin TL\n<ul>\n<li><i>Ge\u00e7mi\u015f Y\u0131llarda Muhasebele\u015fen:<\/i> 2.250.000 bin TL<\/li>\n<li><i>Cari D\u00f6nemde Muhasebele\u015fen:<\/i> 705.000 bin TL<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4>1.2. Finansal Tablolar \u00dczerindeki Etkisi<\/h4>\n<p>E\u011fer s\u00f6z konusu serbest kar\u015f\u0131l\u0131k ayr\u0131lmam\u0131\u015f olsayd\u0131, 30 Eyl\u00fcl 2025 bilan\u00e7osunda a\u015fa\u011f\u0131daki de\u011fi\u015fiklikler meydana gelecekti:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal Kalem<\/td>\n<td>Etki (bin TL)<\/td>\n<td>A\u00e7\u0131klama<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer Kar\u015f\u0131l\u0131klar<\/td>\n<td>9.850.000 (Daha Az)<\/td>\n<td>Serbest kar\u015f\u0131l\u0131k tutar\u0131 kadar azalacakt\u0131.<\/td>\n<\/tr>\n<tr>\n<td>Ertelenmi\u015f Vergi Varl\u0131\u011f\u0131<\/td>\n<td>2.955.000 (Daha Az)<\/td>\n<td>Kar\u015f\u0131l\u0131\u011fa ba\u011fl\u0131 vergi varl\u0131\u011f\u0131 olmayacakt\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131<\/b><\/td>\n<td><b>1.645.000 (Daha Fazla)<\/b><\/td>\n<td>Cari d\u00f6nemde ayr\u0131lan kar\u015f\u0131l\u0131\u011f\u0131n vergi sonras\u0131 etkisi.<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td><b>6.895.000 (Daha Fazla)<\/b><\/td>\n<td>Toplam kar\u015f\u0131l\u0131\u011f\u0131n vergi sonras\u0131 net etkisi.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>1.3. Mevzuattan Kaynaklanan Di\u011fer Y\u00fck\u00fcml\u00fcl\u00fckler<\/h4>\n<p>PwC, ara d\u00f6nem faaliyet raporunda yer alan finansal bilgilerin, s\u0131n\u0131rl\u0131 denetimden ge\u00e7mi\u015f ara d\u00f6nem konsolide olmayan finansal tablolar ve a\u00e7\u0131klay\u0131c\u0131 notlarla t\u00fcm \u00f6nemli y\u00f6nleriyle tutarl\u0131 oldu\u011fu sonucuna varm\u0131\u015ft\u0131r.<\/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<h3>2. Banka Hakk\u0131nda Temel Bilgiler<\/h3>\n<h4>2.1. Kurumsal Kimlik ve Tarih\u00e7e<\/h4>\n<ul>\n<li><b>Unvan:<\/b> T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131 Anonim \u015eirketi<\/li>\n<li><b>Kurulu\u015f:<\/b> Mustafa Kemal Atat\u00fcrk\u2019\u00fcn talimat\u0131yla 3 Haziran 1926&#8217;da &#8220;Emlak ve Eytam Bankas\u0131&#8221; olarak kurulmu\u015ftur.<\/li>\n<li><b>Tarihsel Geli\u015fim:<\/b>\n<ul>\n<li><b>1946:<\/b> T\u00fcrkiye Emlak Kredi Bankas\u0131 A.O. ad\u0131n\u0131 ald\u0131.<\/li>\n<li><b>1988:<\/b> Anadolu Bankas\u0131 A.\u015e. ile birle\u015ferek T\u00fcrkiye Emlak Bankas\u0131 A.\u015e. oldu.<\/li>\n<li><b>1992:<\/b> Denizcilik Bankas\u0131 A.\u015e.&#8217;yi devrald\u0131.<\/li>\n<li><b>2001:<\/b> Bankac\u0131l\u0131k i\u015flemleri yapma ve mevduat kabul etme izni BDDK karar\u0131yla sona erdi ve tasfiye s\u00fcrecine girdi. Aktif ve pasiflerinin b\u00fcy\u00fck b\u00f6l\u00fcm\u00fc Ziraat Bankas\u0131 ve Halk Bankas\u0131&#8217;na devredildi.<\/li>\n<li><b>2017:<\/b> 16 y\u0131ll\u0131k tasfiye s\u00fcrecini tamamlayarak tasfiyeden \u00e7\u0131kt\u0131.<\/li>\n<li><b>2018:<\/b> Stat\u00fcs\u00fc kat\u0131l\u0131m bankas\u0131 olarak belirlendi ve unvan\u0131 T\u00fcrkiye Emlak Kat\u0131l\u0131m Bankas\u0131 A.\u015e. olarak tescil edildi.<\/li>\n<li><b>2019:<\/b> BDDK&#8217;dan faaliyet izni alarak 21 Mart 2019&#8217;da faaliyete ba\u015flad\u0131.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4>2.2. Sermaye Yap\u0131s\u0131 ve Faaliyetler<\/h4>\n<ul>\n<li><b>Sermaye:<\/b> \u00d6denmi\u015f sermayesi 1.026.915 bin TL&#8217;dir.<\/li>\n<li><b>Ana Ortak:<\/b> Sermayenin %99,99&#8217;u Hazine ve Maliye Bakanl\u0131\u011f\u0131&#8217;na aittir. Bu paylar, \u00c7evre, \u015eehircilik ve \u0130klim De\u011fi\u015fikli\u011fi Bakanl\u0131\u011f\u0131 taraf\u0131ndan temsil edilmektedir.<\/li>\n<li><b>Faaliyet Modeli:<\/b> Kat\u0131l\u0131m bankas\u0131 olarak &#8220;faizsiz bankac\u0131l\u0131k&#8221; prensiplerine g\u00f6re faaliyet g\u00f6stermektedir. \u00d6zel cari ve kat\u0131lma hesaplar\u0131 arac\u0131l\u0131\u011f\u0131yla fon toplay\u0131p kurumsal\/bireysel finansman, finansal kiralama ve ortak yat\u0131r\u0131mlar yoluyla fon kulland\u0131rmaktad\u0131r.<\/li>\n<li><b>Operasyonel B\u00fcy\u00fckl\u00fck (30.09.2025 itibar\u0131yla):<\/b>\n<ul>\n<li><b>\u015eube Say\u0131s\u0131:<\/b> 120 (31.12.2024: 113)<\/li>\n<li><b>Personel Say\u0131s\u0131:<\/b> 1.827 (31.12.2024: 1.713)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4>2.3. Y\u00f6netim Kadrosu<\/h4>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 ve Soyad\u0131<\/td>\n<td>G\u00f6revi ve Sorumluluk Alanlar\u0131<\/td>\n<\/tr>\n<tr>\n<td>Prof. Dr. Mehmet Emin B\u0130RPINAR<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<\/tr>\n<tr>\n<td>Onur G\u00d6K<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi ve Genel M\u00fcd\u00fcr<\/td>\n<\/tr>\n<tr>\n<td>Mehmet Nuri YAZICI<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi ve Denetim Komitesi Ba\u015fkan\u0131<\/td>\n<\/tr>\n<tr>\n<td>Volkan Mutlu CO\u015eKUN<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi ve Denetim Komitesi \u00dcyesi<\/td>\n<\/tr>\n<tr>\n<td>Tu\u011fba GED\u0130KL\u0130<\/td>\n<td>Finanstan Sorumlu Genel M\u00fcd\u00fcr Yard\u0131mc\u0131s\u0131<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>Y\u00f6netim Kurulu Ba\u015fkan ve \u00dcyeleri, Denetim Komitesi \u00dcyeleri ile Genel M\u00fcd\u00fcr ve Yard\u0131mc\u0131lar\u0131n\u0131n Banka&#8217;da sahip olduklar\u0131 pay bulunmamaktad\u0131r.<\/i><\/p>\n<h4>2.4. Stratejik Geli\u015fmeler<\/h4>\n<p>Banka Y\u00f6netim Kurulu, 11 Eyl\u00fcl 2025 tarihli toplant\u0131s\u0131nda, hisselerinin belirli bir oran\u0131n\u0131n T\u00fcrkiye&#8217;de halka arz edilmesi s\u00fcrecini ba\u015flatma karar\u0131 alm\u0131\u015ft\u0131r. Bu kapsamda, Borsa \u0130stanbul A.\u015e.&#8217;ye kotasyon i\u00e7in BDDK, SPK ve di\u011fer ilgili kurumlara gerekli ba\u015fvurular\u0131n yap\u0131lmas\u0131 planlanmaktad\u0131r.<\/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<h3>3. \u00d6ne \u00c7\u0131kan Finansal Veriler<\/h3>\n<p>A\u015fa\u011f\u0131daki tablo, Banka&#8217;n\u0131n 30 Eyl\u00fcl 2025 ve 31 Aral\u0131k 2024 tarihli temel finansal verilerini kar\u015f\u0131la\u015ft\u0131rmaktad\u0131r.<\/p>\n<p><i>(Tutarlar bin T\u00fcrk Liras\u0131 (TL) olarak ifade edilmi\u015ftir.)<\/i><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal Kalem<\/td>\n<td>30\/09\/2025<\/td>\n<td>31\/12\/2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Bilan\u00e7o Kalemleri<\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Toplam Varl\u0131klar<\/td>\n<td>354.251.863<\/td>\n<td>227.741.777<\/td>\n<td>+55,5%<\/td>\n<\/tr>\n<tr>\n<td>Krediler (Net)<\/td>\n<td>204.435.012<\/td>\n<td>115.574.772<\/td>\n<td>+76,9%<\/td>\n<\/tr>\n<tr>\n<td>Toplanan Fonlar<\/td>\n<td>254.772.860<\/td>\n<td>166.656.681<\/td>\n<td>+52,9%<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zkaynaklar<\/td>\n<td>28.504.670<\/td>\n<td>18.184.862<\/td>\n<td>+56,7%<\/td>\n<\/tr>\n<tr>\n<td><b>Gelir Tablosu Kalemleri (\u0130lk 9 Ay)<\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Net K\u00e2r Pay\u0131 Geliri\/Gideri<\/td>\n<td>12.232.762<\/td>\n<td>6.051.010 (\u00d6nceki Y\u0131l)<\/td>\n<td>+102,2%<\/td>\n<\/tr>\n<tr>\n<td>Net Faaliyet K\u00e2r\u0131\/Zarar\u0131<\/td>\n<td>14.746.111<\/td>\n<td>9.293.193 (\u00d6nceki Y\u0131l)<\/td>\n<td>+58,7%<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net K\u00e2r\u0131\/Zarar\u0131<\/b><\/td>\n<td><b>10.446.277<\/b><\/td>\n<td><b>6.747.370 (\u00d6nceki Y\u0131l)<\/b><\/td>\n<td><b>+54,8%<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Rasyolar<\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Sermaye Yeterlili\u011fi Oran\u0131<\/td>\n<td>19,61%<\/td>\n<td>23,33%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>\u00c7ekirdek Sermaye Yeterlili\u011fi Oran\u0131<\/td>\n<td>13,72%<\/td>\n<td>15,05%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ana Sermaye Yeterlili\u011fi Oran\u0131<\/td>\n<td>19,20%<\/td>\n<td>22,91%<\/td>\n<td>&nbsp;<\/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<h3>4. Muhasebe Politikalar\u0131 ve D\u00fczenleyici \u00c7er\u00e7eve<\/h3>\n<ul>\n<li><b>Raporlama \u00c7er\u00e7evesi:<\/b> Finansal tablolar, BDDK Muhasebe ve Finansal Raporlama Mevzuat\u0131, T\u00fcrkiye Muhasebe Standartlar\u0131 (TMS) ve T\u00fcrkiye Finansal Raporlama Standartlar\u0131 (TFRS) h\u00fck\u00fcmlerine uygun olarak haz\u0131rlanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Enflasyon Muhasebesi:<\/b> BDDK&#8217;n\u0131n 5 Aral\u0131k 2024 tarih ve 11021 say\u0131l\u0131 karar\u0131 uyar\u0131nca, bankalar\u0131n 2025 y\u0131l\u0131nda enflasyon muhasebesi (TMS 29) uygulamamas\u0131na karar verilmi\u015ftir. Bu nedenle, 30 Eyl\u00fcl 2025 tarihli finansal tablolarda enflasyon d\u00fczeltmesi yap\u0131lmam\u0131\u015ft\u0131r.<\/li>\n<li><b>Beklenen Zarar Kar\u015f\u0131l\u0131klar\u0131:<\/b> Banka, 1 Ocak 2020&#8217;den itibaren TFRS 9 standartlar\u0131na uygun olarak beklenen kredi zarar\u0131 modeli uygulamaktad\u0131r. Bu model, finansal varl\u0131klar\u0131 kredi riskindeki art\u0131\u015fa g\u00f6re \u00fc\u00e7 a\u015famada (12 ayl\u0131k beklenen zarar, \u00f6m\u00fcr boyu beklenen zarar) s\u0131n\u0131fland\u0131rmaktad\u0131r.<\/li>\n<li><b>Kurumlar Vergisi:<\/b> Finansal kurulu\u015flar i\u00e7in kurumlar vergisi oran\u0131, 7456 say\u0131l\u0131 Kanun ile %30&#8217;a y\u00fckseltilmi\u015ftir. Banka, 30 Eyl\u00fcl 2025 tarihli finansal tablolar\u0131n\u0131 haz\u0131rlarken ertelenmi\u015f vergi hesaplamalar\u0131nda bu oran\u0131 kullanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"481\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Emlak Kat\u0131l\u0131m&#8217;\u0131n Finansal Raporundan \u00c7\u0131kan 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek Giri\u015f: Rakamlar\u0131n \u00d6tesindeki Hikaye Finansal raporlar, genellikle rakamlarla dolu, kuru ve teknik belgeler olarak g\u00f6r\u00fcl\u00fcr. Ancak bazen, sat\u0131r aralar\u0131nda bir \u015firketin ruhunu, stratejisini ve gelece\u011fini anlatan s\u00fcr\u00fckleyici bir hikaye gizlidir. T\u00fcrkiye Emlak&#8230; <\/p>\n","protected":false},"author":1,"featured_media":482,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[101],"class_list":["post-481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-ekt"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/481","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=481"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/481\/revisions"}],"predecessor-version":[{"id":483,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/481\/revisions\/483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/482"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}