{"id":706,"date":"2025-12-28T14:54:40","date_gmt":"2025-12-28T11:54:40","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=706"},"modified":"2025-12-31T00:47:33","modified_gmt":"2025-12-30T21:47:33","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-rbo-rabobank-turkey-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/706","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #RBO | Rabobank Turkey 2025\/9 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #RBO | Rabobank Turkey 2025\/9 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/SRwdI80tH3k?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>Bir Finansal Raporun Perde Arkas\u0131: Rabobank T\u00fcrkiye Hakk\u0131nda 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<h3>Giri\u015f: Rakamlar\u0131n Ard\u0131ndaki Hikaye<\/h3>\n<p>Finansal raporlar, genellikle rakamlar\u0131n, dipnotlar\u0131n ve karma\u015f\u0131k tablolar\u0131n aras\u0131nda kayboldu\u011fumuz yo\u011fun belgelerdir. Ancak bazen, bu rakamlar\u0131n ard\u0131nda bir \u015firketin gelece\u011fini \u015fekillendiren ve daha da \u00f6nemlisi, sekt\u00f6r\u00fcn nereye evrildi\u011fine dair kritik sinyaller veren hikayeler gizlidir. Rabobank A.\u015e.&#8217;nin 30 Eyl\u00fcl 2025 tarihli ara d\u00f6nem finansal raporu da tam olarak b\u00f6yle bir belge. Bu rapor, yaln\u0131zca b\u00fcy\u00fck bir de\u011fi\u015fimin habercisi olmakla kalm\u0131yor, ayn\u0131 zamanda T\u00fcrkiye&#8217;deki bankac\u0131l\u0131k modellerinin gelece\u011fi \u00fczerine d\u00fc\u015f\u00fcnmemizi sa\u011flayan ezber bozan bir yap\u0131y\u0131 g\u00f6zler \u00f6n\u00fcne seriyor.<\/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. En B\u00fcy\u00fck Haber: Banka Sat\u0131l\u0131yor!<\/h2>\n<p>Raporun sayfalar\u0131 aras\u0131nda gizlenmi\u015f en \u00f6nemli ve en \u00e7arp\u0131c\u0131 bilgi \u015f\u00fcphesiz bankan\u0131n el de\u011fi\u015ftirece\u011fi haberi. Hollanda merkezli k\u00f6kl\u00fc Rabobank Grubu, T\u00fcrkiye operasyonunu devrediyor. Raporda, Rabobank A.\u015e.&#8217;nin t\u00fcm hisselerinin sat\u0131\u015f\u0131 i\u00e7in Kazakistan merkezli &#8220;Joint Stock Company Kaspi.kz&#8221; ile bir anla\u015fma imzaland\u0131\u011f\u0131 net bir \u015fekilde ifade ediliyor.<\/p>\n<p>Bu kritik geli\u015fme, raporda \u015fu ifadelerle yer al\u0131yor:<\/p>\n<p>Rabobank Grup, T\u00fcrkiye\u2019deki i\u015ftiraki Rabobank A.\u015e.\u2019nin sat\u0131\u015f\u0131na karar vererek, \u015firketin t\u00fcm hisselerinin sat\u0131\u015f\u0131na ili\u015fkin olarak Joint Stock Company Kaspi.kz ile anla\u015fma imzalam\u0131\u015ft\u0131r. \u0130lgili anla\u015fma, d\u00fczenleyici kurumlardan t\u00fcm gerekli onaylar\u0131n al\u0131nmas\u0131 ve mutat kapan\u0131\u015f ko\u015fullar\u0131n\u0131n kar\u015f\u0131lanmas\u0131n\u0131n ard\u0131ndan sonu\u00e7lanacakt\u0131r. Bankam\u0131z\u0131n \u00f6nceli\u011fi, s\u00fcrecin h\u0131zl\u0131 bir \u015fekilde, faaliyetlerimiz ve \u00e7al\u0131\u015fanlar\u0131m\u0131z \u00fczerindeki etkisini asgariye indirecek \u015fekilde uygulanmas\u0131n\u0131 sa\u011flamakt\u0131r.<\/p>\n<p>Bu sat\u0131\u015f, basit bir m\u00fclkiyet de\u011fi\u015fiminden \u00e7ok daha fazlas\u0131n\u0131 ifade ediyor. Geleneksel bir Avrupa bankac\u0131l\u0131k devinin T\u00fcrkiye pazar\u0131ndan \u00e7\u0131karken, yerine Kazakistan&#8217;\u0131n en b\u00fcy\u00fck &#8220;S\u00fcper Uygulama&#8221; ve fintech devlerinden birinin girmesi, finans sekt\u00f6r\u00fcndeki stratejik bir d\u00f6n\u00fc\u015f\u00fcme i\u015faret ediyor. Akla gelen ilk soru \u015fu: M\u00fc\u015fterisi, mevduat\u0131 ve kredisi olmayan bir bankay\u0131, teknoloji odakl\u0131 bir dev neden sat\u0131n al\u0131r? Cevap, b\u00fcy\u00fck olas\u0131l\u0131kla bankan\u0131n kendisinden \u00e7ok, sahip oldu\u011fu bankac\u0131l\u0131k lisans\u0131nda gizli. Bu hamle, Kaspi.kz i\u00e7in T\u00fcrkiye pazar\u0131na s\u0131f\u0131rdan bir lisans ba\u015fvurusu yapmak yerine, mevcut ve d\u00fczenlenmi\u015f bir yap\u0131 \u00fczerinden girme \u00fczerine kurulu bir &#8220;sat\u0131n al veya in\u015fa et&#8221; stratejisini akla getiriyor. Bu, finans\u0131n gelece\u011finin geleneksel varl\u0131klardan \u00e7ok, stratejik pazarlara giri\u015f anahtarlar\u0131nda yatt\u0131\u011f\u0131n\u0131 g\u00f6steren \u00f6nemli bir sinyal.<\/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>2. &#8220;Mevduat Bankas\u0131&#8221; Ama Hi\u00e7 Mevduat\u0131 Yok<\/h2>\n<p>\u0130\u015fte raporun en \u015fa\u015f\u0131rt\u0131c\u0131 yanlar\u0131ndan biri: Rabobank A.\u015e., resmi stat\u00fcs\u00fc bir &#8220;mevduat bankas\u0131&#8221; olmas\u0131na ra\u011fmen, 30 Eyl\u00fcl 2025 tarihli bilan\u00e7osunda &#8220;MEVDUAT&#8221; kaleminin kar\u015f\u0131s\u0131nda kocaman bir s\u0131f\u0131r yaz\u0131yor.<\/p>\n<p>Bu durum son derece s\u0131ra d\u0131\u015f\u0131. \u00c7\u00fcnk\u00fc geleneksel bir mevduat bankas\u0131n\u0131n temel i\u015flevi, ad\u0131ndan da anla\u015f\u0131laca\u011f\u0131 \u00fczere, bireylerden ve kurumlardan mevduat toplayarak fon sa\u011flamakt\u0131r. Rabobank A.\u015e.&#8217;nin ise bu temel bankac\u0131l\u0131k i\u015flevini hi\u00e7 yerine getirmemesi, onun geleneksel bir perakende veya ticari banka olmad\u0131\u011f\u0131n\u0131 a\u00e7\u0131k\u00e7a g\u00f6steriyor.<\/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>3. Kredi Vermeyen Bir Banka M\u0131 Olur?<\/h2>\n<p>Bankan\u0131n s\u0131ra d\u0131\u015f\u0131 modeli mevduat toplamamakla s\u0131n\u0131rl\u0131 de\u011fil. Finansal tablolar incelendi\u011finde, &#8220;Krediler&#8221; kaleminin de s\u0131f\u0131r oldu\u011fu g\u00f6r\u00fcl\u00fcyor. Yani Rabobank A.\u015e. ne halktan para topluyor ne de bu fonlar\u0131 kredi olarak da\u011f\u0131t\u0131yor.<\/p>\n<p>Bu noktada akla \u015fu soru geliyor: &#8220;Peki bu banka nas\u0131l para kazan\u0131yor?&#8221; Cevap, gelir tablosunda gizli. Bankan\u0131n ana gelir kayna\u011f\u0131 &#8220;Kredilerden Al\u0131nan Faizler&#8221; de\u011fil, <b>&#8220;Bankalardan Al\u0131nan Faizler&#8221;<\/b>.<\/p>\n<p>Daha basit bir dille \u00f6zetlemek gerekirse, Rabobank A.\u015e., sahip oldu\u011fu \u00f6zkaynaklar\u0131n\u0131 ve di\u011fer fonlar\u0131n\u0131 ba\u015fka bankalara plase ederek (yat\u0131rarak) faiz geliri elde ediyor. Bu modelle banka, esasen bir t\u00fcr hazine y\u00f6netim merkezi gibi \u00e7al\u0131\u015f\u0131yor.<\/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>4. K\u00fc\u00e7\u00fck Ekip, B\u00fcy\u00fck K\u00e2r: Butik Bir Operasyon<\/h2>\n<p>Raporun ortaya koydu\u011fu bir di\u011fer \u015fa\u015f\u0131rt\u0131c\u0131 ger\u00e7ek ise bankan\u0131n operasyonel verimlili\u011fi. 30 Eyl\u00fcl 2025 tarihi itibar\u0131yla bankan\u0131n sadece 30 \u00e7al\u0131\u015fan\u0131 bulunuyor. Bu rakam, y\u00fczlerce \u015fubesi ve binlerce \u00e7al\u0131\u015fan\u0131 olan geleneksel bankalarla k\u0131yasland\u0131\u011f\u0131nda ne kadar k\u00fc\u00e7\u00fck bir operasyon oldu\u011funu g\u00f6zler \u00f6n\u00fcne seriyor.<\/p>\n<p>Ancak bu yal\u0131n i\u015f modelinin finansal sonu\u00e7lar\u0131 son derece g\u00fc\u00e7l\u00fc. Az \u00f6nce bahsetti\u011fimiz kredisiz ve mevduats\u0131z yap\u0131, bu k\u00fc\u00e7\u00fck ekibin ola\u011fan\u00fcst\u00fc bir verimlilikle \u00e7al\u0131\u015fmas\u0131n\u0131 sa\u011fl\u0131yor. Banka, 2025&#8217;in ilk dokuz ay\u0131nda etkileyici bir \u015fekilde 310,6 milyon TL net k\u00e2r elde etmeyi ba\u015farm\u0131\u015f. Bu ola\u011fan\u00fcst\u00fc verimlilik; bankan\u0131n \u015fubesiz, perakende m\u00fc\u015fterisi olmayan ve son derece odaklanm\u0131\u015f bir i\u015f modeliyle \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131n en net kan\u0131t\u0131.<\/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>Sonu\u00e7: Gelece\u011fe Dair Bir Soru<\/h3>\n<p>Rabobank A.\u015e.&#8217;nin finansal raporu, bize standart kal\u0131plar\u0131n d\u0131\u015f\u0131nda bir portre \u00e7iziyor: Rabobank A.\u015e., bir bankadan \u00e7ok, y\u00fcksek verimlilikle \u00e7al\u0131\u015fan bir kurumsal hazine gibi faaliyet g\u00f6steriyordu. Bu model, k\u00e2rl\u0131 olmas\u0131na ra\u011fmen ana \u015firketi i\u00e7in stratejik b\u00fcy\u00fcme potansiyeli s\u0131n\u0131rl\u0131 kalm\u0131\u015f olabilir. Ancak teknoloji odakl\u0131 yeni sahibi Kaspi.kz i\u00e7in bu yal\u0131n operasyon ve temelindeki bankac\u0131l\u0131k lisans\u0131, T\u00fcrkiye&#8217;nin yeni nesil dijital bankac\u0131l\u0131k g\u00fc\u00e7 merkezini in\u015fa etmek i\u00e7in m\u00fckemmel bir bo\u015f tuval olabilir.<\/p>\n<p>Peki, Rabobank&#8217;\u0131n bu &#8220;ni\u015f bankac\u0131l\u0131k&#8221; modeli ve \u015fimdi teknoloji odakl\u0131 Kaspi.kz&#8217;ye sat\u0131\u015f\u0131, T\u00fcrkiye&#8217;deki finans sekt\u00f6r\u00fcn\u00fcn gelece\u011fi hakk\u0131nda bize ne gibi ipu\u00e7lar\u0131 veriyor olabilir?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Rabobank A.\u015e. 30 Eyl\u00fcl 2025 Finansal Durum ve Stratejik De\u011ferlendirme Brifingi<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, Rabobank A.\u015e.&#8217;nin 30 Eyl\u00fcl 2025 tarihinde sona eren dokuz ayl\u0131k d\u00f6neme ait konsolide olmayan finansal tablolar\u0131 ve ba\u011f\u0131ms\u0131z denetim raporuna dayanarak haz\u0131rlanm\u0131\u015ft\u0131r. DRT Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e. (Deloitte) taraf\u0131ndan y\u00fcr\u00fct\u00fclen s\u0131n\u0131rl\u0131 denetim, bankan\u0131n finansal durumunun, performans\u0131n\u0131n ve nakit ak\u0131\u015flar\u0131n\u0131n BDDK Muhasebe ve Finansal Raporlama Mevzuat\u0131&#8217;na uygun olarak t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde sunuldu\u011fu sonucuna varm\u0131\u015ft\u0131r.<\/p>\n<p>En kritik stratejik geli\u015fme, Rabobank Grup&#8217;un T\u00fcrkiye&#8217;deki i\u015ftiraki olan Rabobank A.\u015e.&#8217;nin t\u00fcm hisselerinin Joint Stock Company Kaspi.kz&#8217;ye sat\u0131\u015f\u0131 i\u00e7in bir anla\u015fma imzalam\u0131\u015f olmas\u0131d\u0131r. Bu sat\u0131\u015f i\u015flemi, d\u00fczenleyici kurumlardan gerekli onaylar\u0131n al\u0131nmas\u0131 ve di\u011fer kapan\u0131\u015f ko\u015fullar\u0131n\u0131n kar\u015f\u0131lanmas\u0131n\u0131n ard\u0131ndan tamamlanacakt\u0131r.<\/p>\n<p>Finansal olarak, banka g\u00fc\u00e7l\u00fc bir performans sergilemektedir. 30 Eyl\u00fcl 2025 itibar\u0131yla, bankan\u0131n d\u00f6nem net k\u00e2r\u0131 310,6 milyon TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Toplam varl\u0131klar\u0131 2,2 milyar TL, \u00f6zkaynaklar\u0131 ise 2,1 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir. Bankan\u0131n sermaye yeterlili\u011fi standart oran\u0131 %233,01 gibi olduk\u00e7a y\u00fcksek bir seviyededir. Bu oran, bankan\u0131n sa\u011flam mali yap\u0131s\u0131n\u0131 ve risklere kar\u015f\u0131 dayan\u0131kl\u0131l\u0131\u011f\u0131n\u0131 g\u00f6stermektedir. Likidite kar\u015f\u0131lama oranlar\u0131 da yasal limitlerin olduk\u00e7a \u00fczerinde olup, bankan\u0131n likidite pozisyonunun g\u00fcc\u00fcn\u00fc teyit etmektedir.<\/p>\n<h2>1. Denetim Raporu ve Kapsam\u0131<\/h2>\n<p>Rabobank A.\u015e.&#8217;nin 30 Eyl\u00fcl 2025 tarihli finansal tablolar\u0131, DRT Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e. (Deloitte \u00fcyesi) taraf\u0131ndan s\u0131n\u0131rl\u0131 denetime tabi tutulmu\u015ftur.<\/p>\n<ul>\n<li><b>Rapor T\u00fcr\u00fc:<\/b> S\u0131n\u0131rl\u0131 Denetim Raporu<\/li>\n<li><b>Kapsam:<\/b> Rapor, bankan\u0131n 30 Eyl\u00fcl 2025 tarihli konsolide olmayan bilan\u00e7osunu ve ayn\u0131 tarihte sona eren dokuz ayl\u0131k d\u00f6neme ait k\u00e2r veya zarar, \u00f6zkaynak de\u011fi\u015fim, nakit ak\u0131\u015f tablolar\u0131n\u0131 ve ilgili dipnotlar\u0131 kapsamaktad\u0131r.<\/li>\n<li><b>Denetim Standard\u0131:<\/b> S\u0131n\u0131rl\u0131 denetim, S\u0131n\u0131rl\u0131 Ba\u011f\u0131ms\u0131z Denetim Standard\u0131 (SBDS) 2410&#8217;a uygun olarak y\u00fcr\u00fct\u00fclm\u00fc\u015ft\u00fcr. Bu standard\u0131n kapsam\u0131, tam bir ba\u011f\u0131ms\u0131z denetime g\u00f6re &#8220;\u00f6nemli \u00f6l\u00e7\u00fcde dard\u0131r&#8221; ve bir ba\u011f\u0131ms\u0131z denetim g\u00f6r\u00fc\u015f\u00fc bildirilmemektedir.<\/li>\n<li><b>Denet\u00e7i Sonucu:<\/b> Raporda \u015fu sonuca var\u0131lm\u0131\u015ft\u0131r: &#8220;S\u0131n\u0131rl\u0131 denetimimize g\u00f6re, ili\u015fikteki ara d\u00f6nem konsolide olmayan finansal bilgilerin, Rabobank A.\u015e\u2019nin 30 Eyl\u00fcl 2025 tarihi itibar\u0131yla finansal durumunun, finansal performans\u0131n\u0131n ve ayn\u0131 tarihte sona eren dokuz ayl\u0131k d\u00f6neme ili\u015fkin nakit ak\u0131\u015flar\u0131n\u0131n BDDK Muhasebe ve Finansal Raporlama Mevzuat\u0131\u2019na uygun olarak t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde sunulmad\u0131\u011f\u0131 kanaatine varmam\u0131za sebep olacak herhangi bir husus dikkatimizi \u00e7ekmemi\u015ftir.&#8221;<\/li>\n<li><b>Sorumlu Denet\u00e7i:<\/b> Mehmet Erol, SMMM (DRT Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e.)<\/li>\n<li><b>Rapor Tarihi:<\/b> 10 Kas\u0131m 2025<\/li>\n<\/ul>\n<h2>2. Kurumsal Yap\u0131 ve Stratejik Geli\u015fmeler<\/h2>\n<h3>2.1. Bankan\u0131n Tarih\u00e7esi ve Sermaye Yap\u0131s\u0131<\/h3>\n<ul>\n<li><b>Kurulu\u015f ve Faaliyet:<\/b> Rabobank International&#8217;\u0131n ba\u015fvurusu \u00fczerine bir &#8220;mevduat bankas\u0131&#8221; olarak kurulan Rabobank A.\u015e., 3 Kas\u0131m 2014 tarihinde bankac\u0131l\u0131k faaliyetlerine ba\u015flam\u0131\u015ft\u0131r.<\/li>\n<li><b>Sermaye Yap\u0131s\u0131:<\/b> Banka, tamam\u0131 Co\u00f6peratieve Rabobank U.A&#8217;ya aittir. Ana sermayedar %96 pay ile Rabobank International Holding B.V.&#8217;dir. Di\u011fer ortaklar (Green I B.V., Green II B.V., Green III B.V. ve Green IV B.V.) %1&#8217;er paya sahiptir. Co\u00f6peratieve Rabobank U.A, %100 dolayl\u0131 pay sahipli\u011fi ile nihai hakim ortakt\u0131r.<\/li>\n<\/ul>\n<h3>2.2. Hisselerin Sat\u0131\u015f\u0131<\/h3>\n<p>Finansal rapor, bankan\u0131n gelece\u011fi a\u00e7\u0131s\u0131ndan hayati bir stratejik karar\u0131 ortaya koymaktad\u0131r. Rabobank Grup, T\u00fcrkiye&#8217;deki operasyonlar\u0131n\u0131 devretme karar\u0131 alm\u0131\u015ft\u0131r.<\/p>\n<p>&#8220;Rabobank Grup, T\u00fcrkiye\u2019deki i\u015ftiraki Rabobank A.\u015e.\u2019nin sat\u0131\u015f\u0131na karar vererek, \u015firketin t\u00fcm hisselerinin sat\u0131\u015f\u0131na ili\u015fkin olarak Joint Stock Company Kaspi.kz ile anla\u015fma imzalam\u0131\u015ft\u0131r. \u0130lgili anla\u015fma, d\u00fczenleyici kurumlardan t\u00fcm gerekli onaylar\u0131n al\u0131nmas\u0131 ve mutat kapan\u0131\u015f ko\u015fullar\u0131n\u0131n kar\u015f\u0131lanmas\u0131n\u0131n ard\u0131ndan sonu\u00e7lanacakt\u0131r. Bankam\u0131z\u0131n \u00f6nceli\u011fi, s\u00fcrecin h\u0131zl\u0131 bir \u015fekilde, faaliyetlerimiz ve \u00e7al\u0131\u015fanlar\u0131m\u0131z \u00fczerindeki etkisini asgariye indirecek \u015fekilde uygulanmas\u0131n\u0131 sa\u011flamakt\u0131r.&#8221;<\/p>\n<p>Bu geli\u015fme, bankan\u0131n m\u00fclkiyet yap\u0131s\u0131nda k\u00f6kl\u00fc bir de\u011fi\u015fikli\u011fe i\u015faret etmekte ve gelecekteki stratejik y\u00f6nelimini etkileyecektir.<\/p>\n<h2>3. Y\u00f6netim Kadrosu<\/h2>\n<p>30 Eyl\u00fcl 2025 itibar\u0131yla Banka&#8217;n\u0131n \u00fcst y\u00f6netimi ve denetim komitesinde \u00f6nemli isimler yer almaktad\u0131r. Raporda y\u00f6netim kurulu \u00fcyelerinin Banka&#8217;da herhangi bir paya sahip olmad\u0131\u011f\u0131 belirtilmi\u015ftir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 Soyad\u0131<\/td>\n<td>G\u00f6revi<\/td>\n<td>G\u00f6reve Atanma Tarihi<\/td>\n<\/tr>\n<tr>\n<td><b>Y\u00f6netim Kurulu<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Mark Van Binsbergen<\/td>\n<td>Ba\u015fkan<\/td>\n<td>26.08.2024<\/td>\n<\/tr>\n<tr>\n<td>Matthew Fryer<\/td>\n<td>Ba\u015fkan Vekili<\/td>\n<td>01.02.2025<\/td>\n<\/tr>\n<tr>\n<td>Alpaslan Yurdag\u00fcl<\/td>\n<td>\u00dcye &#8211; Genel M\u00fcd\u00fcr<\/td>\n<td>01.11.2019<\/td>\n<\/tr>\n<tr>\n<td>Nilg\u00fcn Ersoy<\/td>\n<td>\u00dcye<\/td>\n<td>01.01.2021<\/td>\n<\/tr>\n<tr>\n<td>Mehmet Asur Sipahio\u011flu<\/td>\n<td>\u00dcye<\/td>\n<td>15.11.2023<\/td>\n<\/tr>\n<tr>\n<td><b>Denetim Komitesi<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Matthew Fryer<\/td>\n<td>Ba\u015fkan<\/td>\n<td>01.02.2025<\/td>\n<\/tr>\n<tr>\n<td>Mehmet Asur Sipahio\u011flu<\/td>\n<td>\u00dcye<\/td>\n<td>15.11.2023<\/td>\n<\/tr>\n<tr>\n<td><b>Genel M\u00fcd\u00fcr ve Yard\u0131mc\u0131lar\u0131<\/b><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Alpaslan Yurdag\u00fcl<\/td>\n<td>Genel M\u00fcd\u00fcr<\/td>\n<td>01.11.2019<\/td>\n<\/tr>\n<tr>\n<td>Tu\u011fba Karacan Yolbo\u011fa<\/td>\n<td>Kurumsal Bankac\u0131l\u0131k GMY<\/td>\n<td>15.03.2021<\/td>\n<\/tr>\n<tr>\n<td>Erkan Sever<\/td>\n<td>\u0130\u00e7 Denetim ve Risk Y\u00f6netimi\u2019nden Sorumlu GMY<\/td>\n<td>15.11.2023<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>Not: Mark Richard Sydney Seabrooke&#8217;un 31 Ocak 2025&#8217;te istifas\u0131 \u00fczerine, Y\u00f6netim Kurulu Ba\u015fkan Vekilli\u011fi ve Denetim Komitesi Ba\u015fkanl\u0131\u011f\u0131 g\u00f6revlerine 1 \u015eubat 2025 itibar\u0131yla Matthew Fryer atanm\u0131\u015ft\u0131r.<\/i><\/p>\n<h2>4. Finansal Performans Analizi<\/h2>\n<p>Finansal tablolar, aksi belirtilmedik\u00e7e Bin T\u00fcrk Liras\u0131 (TL) cinsinden ifade edilmi\u015ftir.<\/p>\n<h3>4.1. Bilan\u00e7o (Finansal Durum Tablosu)<\/h3>\n<p>Banka&#8217;n\u0131n bilan\u00e7osu, varl\u0131klar\u0131n\u0131n b\u00fcy\u00fck bir k\u0131sm\u0131n\u0131n likit kalemlerden olu\u015ftu\u011funu g\u00f6stermektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Bilan\u00e7o Kalemleri (Bin TL)<\/td>\n<td>30 Eyl\u00fcl 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>Nakit ve Nakit Benzerleri<\/td>\n<td>2.139.461<\/td>\n<td>1.849.669<\/td>\n<td>+15,7%<\/td>\n<\/tr>\n<tr>\n<td>Maddi Duran Varl\u0131klar (Net)<\/td>\n<td>28.892<\/td>\n<td>26.639<\/td>\n<td>+8,5%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>2.205.383<\/b><\/td>\n<td><b>1.904.012<\/b><\/td>\n<td><b>+15,8%<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler (\u00d6zkaynak Hari\u00e7)<\/td>\n<td>100.449<\/td>\n<td>108.164<\/td>\n<td>-7,1%<\/td>\n<\/tr>\n<tr>\n<td>\u00d6denmi\u015f Sermaye<\/td>\n<td>683.850<\/td>\n<td>683.850<\/td>\n<td>0,0%<\/td>\n<\/tr>\n<tr>\n<td>K\u00e2r Yedekleri<\/td>\n<td>1.079.510<\/td>\n<td>702.849<\/td>\n<td>+53,6%<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nem Net K\u00e2r\u0131<\/td>\n<td>310.563<\/td>\n<td>376.661<\/td>\n<td>-17,5%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam \u00d6zkaynaklar<\/b><\/td>\n<td><b>2.104.934<\/b><\/td>\n<td><b>1.795.848<\/b><\/td>\n<td><b>+17,2%<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler ve \u00d6zkaynaklar<\/b><\/td>\n<td><b>2.205.383<\/b><\/td>\n<td><b>1.904.012<\/b><\/td>\n<td><b>+15,8%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Varl\u0131k Yap\u0131s\u0131:<\/b> Bankan\u0131n toplam varl\u0131klar\u0131n\u0131n %97&#8217;si &#8220;Nakit ve Nakit Benzerleri&#8221; kaleminden olu\u015fmaktad\u0131r. Bu durum, bankan\u0131n olduk\u00e7a likit bir yap\u0131ya sahip oldu\u011funu ve kredi portf\u00f6y\u00fcn\u00fcn olmad\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/li>\n<li><b>\u00d6zkaynak B\u00fcy\u00fcmesi:<\/b> \u00d6zkaynaklar, k\u00e2r\u0131n yedeklere aktar\u0131lmas\u0131 sayesinde %17,2 oran\u0131nda g\u00fc\u00e7l\u00fc bir art\u0131\u015f g\u00f6stermi\u015ftir.<\/li>\n<\/ul>\n<h3>4.2. K\u00e2r veya Zarar Tablosu<\/h3>\n<p>Banka, 2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda g\u00fc\u00e7l\u00fc bir k\u00e2rl\u0131l\u0131k performans\u0131 sergilemi\u015ftir. Gelirlerin ana kayna\u011f\u0131 faiz gelirleridir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>K\u00e2r\/Zarar Kalemleri (Bin TL)<\/td>\n<td>1 Ocak &#8211; 30 Eyl\u00fcl 2025<\/td>\n<td>1 Ocak &#8211; 30 Eyl\u00fcl 2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td>Faiz Gelirleri<\/td>\n<td>670.996<\/td>\n<td>562.516<\/td>\n<td>+19,3%<\/td>\n<\/tr>\n<tr>\n<td>Faiz Giderleri (-)<\/td>\n<td>(3.965)<\/td>\n<td>(2.962)<\/td>\n<td>+33,9%<\/td>\n<\/tr>\n<tr>\n<td><b>Net Faiz Geliri<\/b><\/td>\n<td><b>667.031<\/b><\/td>\n<td><b>559.554<\/b><\/td>\n<td><b>+19,2%<\/b><\/td>\n<\/tr>\n<tr>\n<td>Ticari K\u00e2r\/Zarar (Net)<\/td>\n<td>10.329<\/td>\n<td>5.425<\/td>\n<td>+90,4%<\/td>\n<\/tr>\n<tr>\n<td>Faaliyet Br\u00fct K\u00e2r\u0131<\/td>\n<td>680.926<\/td>\n<td>572.439<\/td>\n<td>+18,9%<\/td>\n<\/tr>\n<tr>\n<td>Personel Giderleri (-)<\/td>\n<td>(138.906)<\/td>\n<td>(84.409)<\/td>\n<td>+64,6%<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer Faaliyet Giderleri (-)<\/td>\n<td>(98.690)<\/td>\n<td>(73.589)<\/td>\n<td>+34,1%<\/td>\n<\/tr>\n<tr>\n<td>S\u00fcrd\u00fcr\u00fclen Faaliyetler Vergi \u00d6ncesi K\/Z<\/td>\n<td>443.319<\/td>\n<td>414.428<\/td>\n<td>+7,0%<\/td>\n<\/tr>\n<tr>\n<td>Vergi Kar\u015f\u0131l\u0131\u011f\u0131 (-)<\/td>\n<td>(132.756)<\/td>\n<td>(128.696)<\/td>\n<td>+3,2%<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net K\u00e2r\u0131\/Zarar\u0131<\/b><\/td>\n<td><b>310.563<\/b><\/td>\n<td><b>285.732<\/b><\/td>\n<td><b>+8,7%<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Hisse Ba\u015f\u0131na K\u00e2r (Tam TL)<\/b><\/td>\n<td><b>0.45414<\/b><\/td>\n<td><b>0.41783<\/b><\/td>\n<td><b>+8,7%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li><b>Gelir Kayna\u011f\u0131:<\/b> Faiz gelirlerinin tamam\u0131na yak\u0131n\u0131 &#8220;Bankalardan Al\u0131nan Faizler&#8221; kaleminden kaynaklanmaktad\u0131r. Bu, bankan\u0131n temel faaliyetinin di\u011fer bankalara plasman yapmak oldu\u011funu g\u00f6stermektedir.<\/li>\n<li><b>Gider Art\u0131\u015f\u0131:<\/b> Personel ve di\u011fer faaliyet giderlerinde ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re belirgin bir art\u0131\u015f g\u00f6zlenmektedir.<\/li>\n<\/ul>\n<h3>4.3. K\u00e2r Da\u011f\u0131t\u0131m Politikas\u0131<\/h3>\n<p>27 Mart 2025 tarihli Ola\u011fan Genel Kurul Toplant\u0131s\u0131&#8217;nda, 2024 y\u0131l\u0131 faaliyetlerinden elde edilen 376,661 bin TL&#8217;lik net k\u00e2r\u0131n da\u011f\u0131t\u0131lmayarak, kanuni yedekler ayr\u0131ld\u0131ktan sonra kalan k\u0131sm\u0131n\u0131n yedek ak\u00e7elere ayr\u0131lmas\u0131na karar verilmi\u015ftir. Bu karar, bankan\u0131n \u00f6zkaynaklar\u0131n\u0131 g\u00fc\u00e7lendirme stratejisiyle uyumludur.<\/p>\n<h3>4.4. Sermaye Yeterlili\u011fi<\/h3>\n<p>Banka&#8217;n\u0131n sermaye yeterlili\u011fi oran\u0131, yasal minimum oranlar\u0131n olduk\u00e7a \u00fczerindedir. Bu durum, bankan\u0131n mali sa\u011flaml\u0131\u011f\u0131n\u0131n en \u00f6nemli g\u00f6stergelerinden biridir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Sermaye Yeterlili\u011fi<\/td>\n<td>30 Eyl\u00fcl 2025<\/td>\n<td>31 Aral\u0131k 2024<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zkaynak (Bin TL)<\/td>\n<td>2.100.888<\/td>\n<td>1.791.852<\/td>\n<\/tr>\n<tr>\n<td>Toplam Risk A\u011f\u0131rl\u0131kl\u0131 Tutarlar (Bin TL)<\/td>\n<td>901.624<\/td>\n<td>543.570<\/td>\n<\/tr>\n<tr>\n<td>\u00c7ekirdek Sermaye Yeterlili\u011fi Oran\u0131 (%)<\/td>\n<td>233,00%<\/td>\n<td>329,63%<\/td>\n<\/tr>\n<tr>\n<td>Ana Sermaye Yeterlili\u011fi Oran\u0131 (%)<\/td>\n<td>233,00%<\/td>\n<td>329,63%<\/td>\n<\/tr>\n<tr>\n<td><b>Sermaye Yeterlili\u011fi Oran\u0131 (%)<\/b><\/td>\n<td><b>233,01%<\/b><\/td>\n<td><b>329,65%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Oranlardaki d\u00fc\u015f\u00fc\u015f, risk a\u011f\u0131rl\u0131kl\u0131 tutarlardaki art\u0131\u015ftan kaynaklanmakta olup, oranlar hala olduk\u00e7a y\u00fcksek seviyededir.<\/p>\n<h2>5. Risk Y\u00f6netimi ve Likidite<\/h2>\n<h3>5.1. Kur Riski<\/h3>\n<p>Banka, kur riskine kar\u015f\u0131 ihtiyatl\u0131 bir politika izlemektedir. Yabanc\u0131 para pozisyonu yasal ve dahili limitler i\u00e7erisinde tutulmaktad\u0131r. 30 Eyl\u00fcl 2025 itibar\u0131yla bankan\u0131n net bilan\u00e7o pozisyonu 48,2 milyon TL&#8217;dir. En b\u00fcy\u00fck pozisyonlar 34,9 milyon TL ile Euro ve 13,3 milyon TL ile ABD Dolar\u0131&#8217;ndad\u0131r.<\/p>\n<p><b>Kur Riskine Duyarl\u0131l\u0131k Analizi (Vergi \u00d6ncesi K\u00e2r\/Zarar \u00dczerindeki Etki &#8211; Bin TL):<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>D\u00f6viz Kurundaki De\u011fi\u015fim<\/td>\n<td>30 Eyl\u00fcl 2025<\/td>\n<\/tr>\n<tr>\n<td>USD %10 art\u0131\u015f<\/td>\n<td>1.327<\/td>\n<\/tr>\n<tr>\n<td>USD %10 azal\u0131\u015f<\/td>\n<td>(1.327)<\/td>\n<\/tr>\n<tr>\n<td>EURO %10 art\u0131\u015f<\/td>\n<td>3.488<\/td>\n<\/tr>\n<tr>\n<td>EURO %10 azal\u0131\u015f<\/td>\n<td>(3.488)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>5.2. Likidite Riski ve Likidite Kar\u015f\u0131lama Oran\u0131 (LKO)<\/h3>\n<p>Banka, likidite riskini y\u00f6netmek i\u00e7in \u00fc\u00e7l\u00fc savunma hatt\u0131 modelini (Hazine\/Operasyon, Risk Y\u00f6netimi Komitesi\/APKO, Risk Y\u00f6netimi Ba\u015fkanl\u0131\u011f\u0131) kullanmaktad\u0131r. Fonlama stratejisi, g\u00fc\u00e7l\u00fc sermaye yap\u0131s\u0131na dayanmakta ve varl\u0131k-y\u00fck\u00fcml\u00fcl\u00fck vade uyumunu hedeflemektedir.<\/p>\n<p>Likidite Kar\u015f\u0131lama Oranlar\u0131, bankan\u0131n k\u0131sa vadeli likidite \u015foklar\u0131na kar\u015f\u0131 direncini g\u00f6stermektedir ve ola\u011fan\u00fcst\u00fc y\u00fcksek seviyelerdedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Likidite Kar\u015f\u0131lama Oran\u0131 (%) (Son \u00dc\u00e7 Ayl\u0131k Ortalama)<\/td>\n<td>TP+YP<\/td>\n<td>YP<\/td>\n<\/tr>\n<tr>\n<td><b>Cari D\u00f6nem (30 Eyl\u00fcl 2025)<\/b><\/td>\n<td><b>19.745%<\/b><\/td>\n<td><b>4.117.900%<\/b><\/td>\n<\/tr>\n<tr>\n<td>\u00d6nceki D\u00f6nem (31 Aral\u0131k 2024)<\/td>\n<td>15.966%<\/td>\n<td>35.425%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Bu oranlar, bankan\u0131n y\u00fcksek kaliteli likit varl\u0131klar\u0131n\u0131n net nakit \u00e7\u0131k\u0131\u015flar\u0131n\u0131 kar\u015f\u0131lama kapasitesinin yasal gerekliliklerin \u00e7ok \u00fczerinde oldu\u011funu g\u00f6stermektedir.<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"706\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu belgeler, **Rabobank A.\u015e.**&#8217;nin 30 Eyl\u00fcl 2025 tarihi itibar\u0131yla haz\u0131rlanan **dokuz ayl\u0131k konsolide olmayan finansal raporlar\u0131n\u0131** ve ba\u011f\u0131ms\u0131z denetim sonu\u00e7lar\u0131n\u0131 i\u00e7ermektedir. Kaynaklarda bankan\u0131n **bilan\u00e7osu, gelir tablosu, \u00f6zkaynak de\u011fi\u015fimleri** ve uygulanan g\u00fcncel **muhasebe politikalar\u0131** ayr\u0131nt\u0131l\u0131 bir \u015fekilde sunulmaktad\u0131r. Kurumun **sermaye yeterlili\u011fi**, likidite y\u00f6netimi ve kar\u015f\u0131 kar\u015f\u0131ya oldu\u011fu **finansal risklere** dair kapsaml\u0131 analizler verilerle desteklenerek payla\u015f\u0131lmaktad\u0131r. Ayr\u0131ca, bankan\u0131n **\u00fcst y\u00f6netim kadrosu**, organizasyon yap\u0131s\u0131 ve personel bilgilerini i\u00e7eren **ara d\u00f6nem faaliyet raporu** dok\u00fcmanda yer almaktad\u0131r. Metin genel olarak bankan\u0131n mali durumunu, **vergi uygulamalar\u0131n\u0131** ve operasyonel performans\u0131n\u0131 yasal mevzuatlar \u00e7er\u00e7evesinde \u00f6zetleyen resmi bir beyan niteli\u011findedir.<\/p>\n","protected":false},"author":1,"featured_media":772,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[173],"class_list":["post-706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-rbo"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/706","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=706"}],"version-history":[{"count":3,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/706\/revisions"}],"predecessor-version":[{"id":773,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/706\/revisions\/773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/772"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}