{"id":963,"date":"2026-02-06T23:36:53","date_gmt":"2026-02-06T20:36:53","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=963"},"modified":"2026-02-07T14:18:15","modified_gmt":"2026-02-07T11:18:15","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-brgan-burgan-bank-as-2025-12-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/963","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #BRGAN | Burgan Bank A\u015e 2025\/12 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/BRGAN--Burgan-Bank-A-202512-Bilano-Analizi-e3eo9gp\/a-acf73qh\" width=\"400px\" height=\"102px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h1>Burgan Bank\u2019\u0131n 2025 Finansal Karnesi: Rakamlar\u0131n Arkas\u0131ndaki 5 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<h3>1. Giri\u015f: Bir Bankan\u0131n R\u00f6ntgenini \u00c7ekmek<\/h3>\n<p>Finansal raporlar, \u00e7o\u011fu ki\u015fi i\u00e7in sadece so\u011fuk rakamlardan ibaret olsa da, k\u0131demli bir analist i\u00e7in kurumun risk i\u015ftah\u0131n\u0131, y\u00f6netim stratejisini ve pazarla olan m\u00fccadelesini anlatan ya\u015fayan birer hik\u00e2yedir. Burgan Bank\u2019\u0131n 2025 y\u0131l\u0131na ait 176,5 milyar TL\u2019lik konsolide bilan\u00e7osunu inceledi\u011fimizde, kar\u015f\u0131m\u0131za tam bir &#8220;b\u00fcy\u00fcme-k\u00e2rl\u0131l\u0131k paradoksu&#8221; \u00e7\u0131k\u0131yor. Bankan\u0131n toplam aktifleri %42 gibi agresif bir b\u00fcy\u00fcme sergilerken, net d\u00f6nem k\u00e2r\u0131n\u0131n %27 oran\u0131nda gerileyerek 2,56 milyar TL\u2019ye d\u00fc\u015fmesi, sat\u0131r aralar\u0131nda ke\u015ffedilmeyi bekleyen ciddi yap\u0131sal dinamiklere i\u015faret ediyor. Bir bankan\u0131n r\u00f6ntgenini \u00e7ekmek, sadece b\u00fcy\u00fcmeyi de\u011fil, bu b\u00fcy\u00fcmenin hangi riskler ve maliyetlerle finanse edildi\u011fini g\u00f6rmektir.<\/p>\n<h3>2. &#8220;S\u0131n\u0131rl\u0131 Olumlu G\u00f6r\u00fc\u015f&#8221; ve 165 Milyon TL&#8217;lik Serbest Kar\u015f\u0131l\u0131k Bilmecesi<\/h3>\n<p>Burgan Bank\u2019\u0131n 2025 ba\u011f\u0131ms\u0131z denet\u00e7i raporunda en dikkat \u00e7ekici k\u0131s\u0131mlardan biri, denet\u00e7inin verdi\u011fi &#8220;S\u0131n\u0131rl\u0131 Olumlu G\u00f6r\u00fc\u015f&#8221; (Qualified Opinion) \u015ferhidir. Bu durumun merkezinde, banka y\u00f6netiminin &#8220;ihtiyatl\u0131l\u0131k&#8221; z\u0131rh\u0131 olarak g\u00f6rd\u00fc\u011f\u00fc ancak TFRS 9 standartlar\u0131yla tam \u00f6rt\u00fc\u015fmeyen &#8220;serbest kar\u015f\u0131l\u0131klar&#8221; yer al\u0131yor. Banka y\u00f6netimi, ge\u00e7mi\u015fte ay\u0131rd\u0131\u011f\u0131 1,31 milyar TL\u2019lik devasa serbest kar\u015f\u0131l\u0131k havuzunun 1,14 milyar TL\u2019sini y\u0131l i\u00e7inde iptal ederek k\u00e2r\u0131 desteklemi\u015f olsa da, kalan 165 milyon TL denet\u00e7iler taraf\u0131ndan h\u00e2l\u00e2 bir &#8220;belirsizlik&#8221; unsuru olarak niteleniyor.<\/p>\n<p>Denet\u00e7i, bu tutar\u0131n objektif bir modele dayanmad\u0131\u011f\u0131n\u0131 \u015fu ifadelerle vurguluyor:<\/p>\n<p>&#8220;&#8230;Grup y\u00f6netimi taraf\u0131ndan ekonomide ve piyasalarda meydana gelebilecek olumsuz geli\u015fmelerin olas\u0131 etkileri nedeniyle ayr\u0131lan 1.314.025 bin TL tutar\u0131ndaki k\u0131sm\u0131 ge\u00e7mi\u015f d\u00f6nemlerde gider yaz\u0131lan ve cari d\u00f6nemde 1.149.025 bin TL tutar\u0131ndaki k\u0131sm\u0131 iptal edilen, toplamda 165.000 bin TL tutar\u0131ndaki serbest kar\u015f\u0131l\u0131\u011f\u0131 i\u00e7ermektedir.&#8221;<\/p>\n<p>Bu durum, bankan\u0131n olas\u0131 &#8220;k\u00f6t\u00fc g\u00fcnler&#8221; i\u00e7in bilan\u00e7oda bir tampon bulundurma iste\u011fi ile muhasebe standartlar\u0131n\u0131n \u015feffafl\u0131k zorunlulu\u011fu aras\u0131ndaki o ince \u00e7izgiyi temsil ediyor.<\/p>\n<h3>3. B\u00fcy\u00fcyen Aktifler, D\u00fc\u015fen K\u00e2r: Gelir Tablosundaki &#8220;Smoking Gun&#8221;<\/h3>\n<p>Bankan\u0131n toplam aktiflerinin 123,6 milyar TL\u2019den 176,5 milyar TL\u2019ye y\u00fckselmesi, ilk bak\u0131\u015fta g\u00f6rkemli bir ba\u015far\u0131 gibi alg\u0131lanabilir. Ancak k\u00e2rl\u0131l\u0131k cephesinde durum farkl\u0131: Net d\u00f6nem k\u00e2r\u0131 3,5 milyar TL\u2019den 2,56 milyar TL\u2019ye geriledi. Analitik bir bak\u0131\u015f a\u00e7\u0131s\u0131yla bu d\u00fc\u015f\u00fc\u015f\u00fc sadece personel giderlerindeki art\u0131\u015fla (2,8 milyar TL\u2019den 4,3 milyar TL\u2019ye) a\u00e7\u0131klamak yetersiz kal\u0131r.<\/p>\n<p>As\u0131l &#8220;smoking gun&#8221; yani su\u00e7 aleti, gelir tablosunun derinliklerinde gizli: <b>Kambiyo \u0130\u015flemleri Zarar\u0131.<\/b> Banka, 2024 y\u0131l\u0131nda 233 milyon TL olan kambiyo zarar\u0131n\u0131, 2025 y\u0131l\u0131nda dramatik bir art\u0131\u015fla <b>1,52 milyar TL<\/b> seviyesine ta\u015f\u0131d\u0131. Bunun \u00fczerine faiz giderlerinin 26 milyar TL\u2019den 33,5 milyar TL\u2019ye \u00e7\u0131karak bir &#8220;spread squeeze&#8221; (faiz marj\u0131 bask\u0131s\u0131) yaratmas\u0131 da eklenince, operasyonel b\u00fcy\u00fcmenin k\u00e2rl\u0131l\u0131\u011f\u0131 s\u00fcr\u00fckleyemedi\u011fi bir tablo ortaya \u00e7\u0131kt\u0131. Banka, fonlama maliyetleri artarken kur volatilitesini y\u00f6netmekte ciddi bir maliyetle kar\u015f\u0131 kar\u015f\u0131ya kalm\u0131\u015f g\u00f6r\u00fcn\u00fcyor.<\/p>\n<h3>4. Kredilerin Egemenli\u011fi: 90 Milyar TL ve Risk Y\u00f6netimi<\/h3>\n<p>Burgan Bank\u2019\u0131n bilan\u00e7osunun %57\u2019sini olu\u015fturan 90 milyar TL\u2019lik kredi portf\u00f6y\u00fc, bankan\u0131n en b\u00fcy\u00fck varl\u0131\u011f\u0131 oldu\u011fu kadar en b\u00fcy\u00fck risk oda\u011f\u0131d\u0131r. Denet\u00e7ilerin &#8220;Kilit Denetim Konusu&#8221; olarak belirledi\u011fi kredilere ili\u015fkin de\u011fer d\u00fc\u015f\u00fckl\u00fc\u011f\u00fc s\u00fcreci, TFRS 9 kapsam\u0131nda A\u015fama 1, 2 ve 3 (Stage 1, 2, 3) olarak titizlikle izlenmektedir.<\/p>\n<p>Kredi riskinde \u00f6nemli art\u0131\u015f (A\u015fama 2) ve donuk alacaklar (A\u015fama 3) i\u00e7in ayr\u0131lan beklenen kredi zarar\u0131 (ECL) modelleri, y\u00f6netimin makroekonomik tahminlerine ve teminat de\u011ferlemelerine do\u011frudan ba\u011fl\u0131d\u0131r. 90 milyar TL&#8217;lik bu dev k\u00fctlenin sadece b\u00fcy\u00fckl\u00fc\u011f\u00fc de\u011fil, bu a\u015famalar aras\u0131ndaki ge\u00e7i\u015fkenli\u011fi ve bankan\u0131n ileriye d\u00f6n\u00fck senaryo analizleri, gelecekteki risk maliyetini belirleyecek ana unsurdur.<\/p>\n<h3>5. Sermaye Yeterlili\u011fi ve Enflasyon Muhasebesi Paradoksu<\/h3>\n<p>Bankan\u0131n sermaye g\u00fcc\u00fcn\u00fc temsil eden konsolide sermaye yeterlili\u011fi rasyosu %21,93\u2019ten %16,84\u2019e gerilemi\u015f durumda. Bu d\u00fc\u015f\u00fc\u015f, aktiflerdeki h\u0131zl\u0131 b\u00fcy\u00fcmenin sermaye \u00fczerindeki bask\u0131s\u0131n\u0131 g\u00f6steriyor. Ancak burada as\u0131l mesele, finansal tablolar\u0131n &#8220;ger\u00e7ekli\u011fi&#8221; \u00fczerine kurulan paradokstur.<\/p>\n<p>BDDK\u2019n\u0131n <b>18 Aral\u0131k 2025 tarihli ve 11340 say\u0131l\u0131 karar\u0131<\/b> ile bankac\u0131l\u0131k sekt\u00f6r\u00fcnde 2025 y\u0131l\u0131 i\u00e7in enflasyon muhasebesi (TMS 29) uygulanmamas\u0131na karar verilmi\u015ftir. \u00d6te yandan, banka vergi usul kanunu (VUK M\u00fckerrer 298\/\u00e7) \u00e7er\u00e7evesinde sabit k\u0131ymetlerini yeniden de\u011ferlemeye tabi tutarak vergi etkisini cari tablolara dahil etmi\u015ftir. Bu durum, finansal tablolar\u0131n enflasyondan tam ar\u0131nd\u0131r\u0131lamad\u0131\u011f\u0131 ancak vergi ve yeniden de\u011ferleme boyutunda enflasyon etkisinin k\u0131smen hissedildi\u011fi melez bir yap\u0131 ortaya \u00e7\u0131karmaktad\u0131r. K\u0131demli bir analist i\u00e7in bu, tablolar\u0131n &#8220;ger\u00e7e\u011fe uygun sunumu&#8221; konusunda sorgulanmas\u0131 gereken kritik bir katmand\u0131r.<\/p>\n<h3>6. Yeni Ortakl\u0131k Yap\u0131s\u0131: Stratejik Bir Grup \u0130\u00e7i Hamle<\/h3>\n<p>Burgan Bank\u2019\u0131n ortakl\u0131k yap\u0131s\u0131nda Al Rawabi United Holding\u2019in %52 pay ile ana hissedar konuma gelmesi, piyasada bir m\u00fclkiyet de\u011fi\u015fimi alg\u0131s\u0131 yaratsa da, asl\u0131nda bu bir &#8220;Grup \u0130\u00e7i Yeniden Yap\u0131lanma&#8221; (Internal Reorganization) hamlesidir. Al Rawabi United Holding&#8217;in %99,99 hissesi, bankan\u0131n nihai sahibi olan Kuveyt merkezli dev KIPCO Grubu\u2019na (Kuwait Projects Company) aittir.<\/p>\n<p>Bu yap\u0131sal de\u011fi\u015fiklik, bankan\u0131n MENA (Orta Do\u011fu ve Kuzey Afrika) b\u00f6lgesindeki kurumsal ba\u011flar\u0131n\u0131 zay\u0131flatmak yerine, sermaye yap\u0131s\u0131n\u0131 daha odakl\u0131 bir y\u00f6netim modeliyle tahkim etmektedir. Bu hamle, KIPCO\u2019nun T\u00fcrkiye pazar\u0131na olan stratejik ba\u011fl\u0131l\u0131\u011f\u0131n\u0131n ve operasyonel istikrar\u0131n\u0131n bir g\u00f6stergesi olarak okunmal\u0131d\u0131r.<\/p>\n<h3>7. Sonu\u00e7: Gelece\u011fe Bak\u0131\u015f ve Kritik Soru<\/h3>\n<p>Burgan Bank\u2019\u0131n 2025 finansal r\u00f6ntgeni; bir yanda %42\u2019lik aktif b\u00fcy\u00fcme h\u0131rs\u0131n\u0131, di\u011fer yanda ise 1,5 milyar TL\u2019yi a\u015fan kambiyo zararlar\u0131 ve artan operasyonel maliyetlerin k\u00e2rl\u0131l\u0131k \u00fczerindeki bask\u0131s\u0131n\u0131 g\u00f6steriyor. Denet\u00e7inin serbest kar\u015f\u0131l\u0131klar \u00fczerinden verdi\u011fi \u015ferh, bankan\u0131n &#8220;ihtiyatl\u0131l\u0131k&#8221; ve &#8220;k\u00e2rl\u0131l\u0131k&#8221; aras\u0131nda verdi\u011fi zorlu s\u0131nav\u0131n en somut kan\u0131t\u0131d\u0131r.<\/p>\n<p>Peki, bu tablo bize ne s\u00f6yl\u00fcyor? <b>Y\u00fcksek enflasyon ortam\u0131nda enflasyon muhasebesinin uygulanmad\u0131\u011f\u0131 ve sermaye rasyolar\u0131n\u0131n darald\u0131\u011f\u0131 bir konjonkt\u00fcrde, bankac\u0131l\u0131k sekt\u00f6r\u00fc 2026 y\u0131l\u0131nda b\u00fcy\u00fcme i\u015ftah\u0131 ile rasyonel k\u00e2rl\u0131l\u0131k dengesini hangi maliyetle kuracak?<\/b><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>2025 Finansal Raporlar\u0131ndan \u00d6ne \u00c7\u0131kan \u00d6nemli Ba\u015fl\u0131klar<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\">Burgan Bank A.\u015e. ve konsolidasyona tabi ortakl\u0131klar\u0131n\u0131n 31 Aral\u0131k 2025 tarihli mali tablolar\u0131na g\u00f6re \u00f6ne \u00e7\u0131kan veriler a\u015fa\u011f\u0131dad\u0131r:\u2022 <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>Toplam Aktif B\u00fcy\u00fckl\u00fc\u011f\u00fc:<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> Grubun toplam aktifleri, 2024 y\u0131l\u0131 sonundaki 123,6 milyar TL seviyesinden %42,8 oran\u0131nda art\u0131\u015f g\u00f6stererek <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>176,533,516 bin TL<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> seviyesine ula\u015fm\u0131\u015ft\u0131r.\u2022 <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>Net D\u00f6nem K\u00e2r\u0131:<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> Grup, 2025 y\u0131l\u0131nda <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>2,566,078 bin TL<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> net d\u00f6nem k\u00e2r\u0131 elde etmi\u015ftir (2024: 3,504,623 bin TL).\u2022 <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>Kredi ve Mevduat Hacmi:<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> Net kredi bakiyesi <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>90,033,539 bin TL<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\">&#8216;ye y\u00fckselirken, toplam mevduat hacmi <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>65,219,948 bin TL<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> olarak kaydedilmi\u015ftir.\u2022 <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>\u00d6zkaynaklar:<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> Bankan\u0131n toplam \u00f6zkaynaklar\u0131 bir \u00f6nceki y\u0131la g\u00f6re artarak <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>12,950,062 bin TL<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> seviyesine \u00e7\u0131km\u0131\u015ft\u0131r.\u2022 <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>Sermaye Yeterlili\u011fi:<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> Grubun konsolide sermaye yeterlili\u011fi standart oran\u0131 31 Aral\u0131k 2025 itibar\u0131yla <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>%16,84<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> olarak ger\u00e7ekle\u015fmi\u015ftir.\u2022 <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>Net Faiz Geliri:<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> Net faiz geliri, bir \u00f6nceki y\u0131lki 5,0 milyar TL seviyesinden \u00f6nemli bir art\u0131\u015fla <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>8,479,021 bin TL<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\">&#8216;ye ula\u015fm\u0131\u015ft\u0131r.\u2022 <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>Operasyonel Durum:<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> Grup, T\u00fcrkiye genelinde <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>28 \u015fube<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> ve toplam <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>1.517 personel<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> ile faaliyetlerini s\u00fcrd\u00fcrmektedir.\u2022 <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>Bilan\u00e7o Sonras\u0131 Geli\u015fme:<\/strong><\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> Banka, 4 \u015eubat 2026 tarihinde nitelikli yat\u0131r\u0131mc\u0131lara y\u00f6nelik <\/span><\/span><span data-slate-node=\"text\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"><strong>600 milyon TL<\/strong><\/span><\/span><span data-slate-node=\"text\" data-slate-fragment=\"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\"><span class=\"sc-ePGuoS eXOkVR\" data-slate-leaf=\"true\"> tutar\u0131nda bono ihrac\u0131 ger\u00e7ekle\u015ftirmi\u015ftir.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1>Burgan Bank A.\u015e. 31 Aral\u0131k 2025 Konsolide Finansal Raporu ve Ba\u011f\u0131ms\u0131z Denetim Analizi<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu briefing belgesi, Burgan Bank A.\u015e.&#8217;nin (&#8220;Banka&#8221;) ve konsolide ortakl\u0131klar\u0131n\u0131n 31 Aral\u0131k 2025 tarihi itibar\u0131yla finansal durumunu, faaliyet sonu\u00e7lar\u0131n\u0131 ve ba\u011f\u0131ms\u0131z denetim bulgular\u0131n\u0131 sentezlemektedir.<\/p>\n<p>KPMG taraf\u0131ndan ger\u00e7ekle\u015ftirilen ba\u011f\u0131ms\u0131z denetim sonucunda, Grubun finansal tablolar\u0131 hakk\u0131nda <b>&#8220;S\u0131n\u0131rl\u0131 Olumlu G\u00f6r\u00fc\u015f&#8221;<\/b> bildirilmi\u015ftir. Bu g\u00f6r\u00fc\u015f\u00fcn temel nedeni, Grup y\u00f6netiminin muhtemel ekonomik risklere kar\u015f\u0131 ay\u0131rd\u0131\u011f\u0131 ve BDDK Muhasebe Standartlar\u0131 d\u0131\u015f\u0131nda kalan 165 milyon TL tutar\u0131ndaki serbest kar\u015f\u0131l\u0131kt\u0131r.<\/p>\n<p>2025 y\u0131l\u0131 itibar\u0131yla Grup, toplam varl\u0131klar\u0131n\u0131 bir \u00f6nceki y\u0131la g\u00f6re %42,7 art\u0131rarak 176,5 milyar TL&#8217;ye ula\u015ft\u0131rm\u0131\u015ft\u0131r. Ancak, d\u00f6nem net k\u00e2r\u0131 2024 y\u0131l\u0131ndaki 3,5 milyar TL seviyesinden 2025 y\u0131l\u0131nda 2,56 milyar TL&#8217;ye gerilemi\u015ftir. Krediler, toplam aktiflerin %57&#8217;sini olu\u015fturarak en b\u00fcy\u00fck varl\u0131k kalemini korumakta, bu durum &#8220;Kredilere \u0130li\u015fkin De\u011fer D\u00fc\u015f\u00fckl\u00fc\u011f\u00fc&#8221; konusunu kilit denetim oda\u011f\u0131 haline getirmektedir. Grubun sermaye yeterlili\u011fi rasyosu %16,84 ile yasal s\u0131n\u0131rlar\u0131n \u00fczerinde kalmaya devam etmektedir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. Ba\u011f\u0131ms\u0131z Denetim G\u00f6r\u00fc\u015f\u00fc ve Temel Bulgular<\/h2>\n<h3>1.1. S\u0131n\u0131rl\u0131 Olumlu G\u00f6r\u00fc\u015f\u00fcn Dayana\u011f\u0131<\/h3>\n<p>Ba\u011f\u0131ms\u0131z denet\u00e7i, Grubun finansal tablolar\u0131n\u0131n, a\u015fa\u011f\u0131da belirtilen husus hari\u00e7, BDDK muhasebe ve finansal raporlama mevzuat\u0131na uygun oldu\u011funu belirtmi\u015ftir:<\/p>\n<ul>\n<li><b>Serbest Kar\u015f\u0131l\u0131klar:<\/b> Grup y\u00f6netimi, ekonomide ve piyasalarda meydana gelebilecek olas\u0131 olumsuz etkiler i\u00e7in toplamda <b>165.000 bin TL<\/b> tutar\u0131nda serbest kar\u015f\u0131l\u0131k ay\u0131rm\u0131\u015ft\u0131r.<\/li>\n<li><b>D\u00f6nemsel De\u011fi\u015fim:<\/b> Bu tutar\u0131n 1.314.025 bin TL&#8217;lik k\u0131sm\u0131 ge\u00e7mi\u015f d\u00f6nemlerde gider yaz\u0131lm\u0131\u015f, cari d\u00f6nemde ise 1.149.025 bin TL&#8217;lik k\u0131sm\u0131 iptal edilmi\u015ftir.<\/li>\n<li><b>Uyumsuzluk:<\/b> Bu uygulama, BDDK Muhasebe ve Finansal Raporlama Mevzuat\u0131 h\u00fck\u00fcmlerinin d\u0131\u015f\u0131ndad\u0131r.<\/li>\n<\/ul>\n<h3>1.2. Kilit Denetim Konusu: Kredilerde De\u011fer D\u00fc\u015f\u00fckl\u00fc\u011f\u00fc<\/h3>\n<p>Denetim s\u00fcrecinde en \u00e7ok \u00f6nem arz eden konu, itfa edilmi\u015f maliyetiyle \u00f6l\u00e7\u00fclen kredilere ili\u015fkin de\u011fer d\u00fc\u015f\u00fckl\u00fc\u011f\u00fc (TFRS 9 Beklenen Kredi Zararlar\u0131) olarak belirlenmi\u015ftir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Parametre<\/td>\n<td>Detay<\/td>\n<\/tr>\n<tr>\n<td><b>Aktif Pay\u0131<\/b><\/td>\n<td>Krediler, toplam aktiflerin %57&#8217;sini olu\u015fturmaktad\u0131r.<\/td>\n<\/tr>\n<tr>\n<td><b>Model<\/b><\/td>\n<td>TFRS 9 uyar\u0131nca &#8220;Beklenen Kredi Zarar\u0131 Modeli&#8221; uygulanmaktad\u0131r.<\/td>\n<\/tr>\n<tr>\n<td><b>Kritik Varsay\u0131mlar<\/b><\/td>\n<td>Kredi riskinde \u00f6nemli art\u0131\u015f\u0131n (KROA) belirlenmesi, ileriye y\u00f6nelik makroekonomik beklentiler ve model tasar\u0131m\u0131.<\/td>\n<\/tr>\n<tr>\n<td><b>De\u011ferlendirme<\/b><\/td>\n<td>Kar\u015f\u0131l\u0131klar hem bireysel hem de toplu (risk parametreleri \u00fczerinden) hesaplanmaktad\u0131r.<\/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. Finansal Performans ve Mali Yap\u0131<\/h2>\n<p>Grup, 2025 y\u0131l\u0131nda aktif b\u00fcy\u00fcmesini s\u00fcrd\u00fcrmesine ra\u011fmen k\u00e2rl\u0131l\u0131kta bir daralma ya\u015fam\u0131\u015ft\u0131r.<\/p>\n<h3>2.1. Temel Bilan\u00e7o G\u00f6stergeleri (Bin TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>31\/12\/2025<\/td>\n<td>31\/12\/2024<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td>176.533.516<\/td>\n<td>123.636.585<\/td>\n<td>+42,8%<\/td>\n<\/tr>\n<tr>\n<td><b>Krediler (Net)<\/b><\/td>\n<td>90.033.539<\/td>\n<td>62.478.632<\/td>\n<td>+44,1%<\/td>\n<\/tr>\n<tr>\n<td><b>Mevduat<\/b><\/td>\n<td>65.219.948<\/td>\n<td>52.318.113<\/td>\n<td>+24,7%<\/td>\n<\/tr>\n<tr>\n<td><b>Al\u0131nan Krediler<\/b><\/td>\n<td>66.201.270<\/td>\n<td>36.652.991<\/td>\n<td>+80,6%<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td>12.950.062<\/td>\n<td>10.393.969<\/td>\n<td>+24,6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.2. Gelir ve Gider Analizi (Bin TL)<\/h3>\n<p>2025 y\u0131l\u0131nda net faiz gelirlerinde art\u0131\u015f g\u00f6r\u00fcl\u00fcrken, ticari i\u015flemlerden kaynaklanan zararlar net k\u00e2r\u0131 bask\u0131lam\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Net Faiz Geliri:<\/b> 8.479.021 bin TL (2024: 5.008.675 bin TL)<\/li>\n<li><b>Net \u00dccret ve Komisyon Gelirleri:<\/b> 984.410 bin TL (2024: 465.407 bin TL)<\/li>\n<li><b>Ticari Kar\/Zarar (Net):<\/b> -1.277.013 bin TL (2024: 566.817 bin TL k\u00e2r)\n<ul>\n<li><i>Kambiyo i\u015flemleri zarar\u0131:<\/i> 1.520.724 bin TL.<\/li>\n<\/ul>\n<\/li>\n<li><b>D\u00f6nem Net K\u00e2r\u0131:<\/b> 2.566.078 bin TL (2024: 3.504.623 bin TL)<\/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. Risk Y\u00f6netimi ve Kredi Portf\u00f6y\u00fc<\/h2>\n<p>Banka, TFRS 9 standartlar\u0131 uyar\u0131nca kredileri \u00fc\u00e7 a\u015famada s\u0131n\u0131fland\u0131rmaktad\u0131r. 2025 y\u0131l\u0131 sonu itibar\u0131yla toplam kredi bakiyesi 90 milyar TL&#8217;yi a\u015fm\u0131\u015ft\u0131r.<\/p>\n<h3>3.1. Kredi Kar\u015f\u0131l\u0131k A\u015famalar\u0131<\/h3>\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 ayr\u0131l\u0131r.<\/li>\n<li><b>2. A\u015fama:<\/b> Kredi riskinde \u00f6nemli art\u0131\u015f (KROA) g\u00f6r\u00fclen varl\u0131klar i\u00e7in \u00f6m\u00fcr boyu beklenen zarar kar\u015f\u0131l\u0131\u011f\u0131 ayr\u0131l\u0131r.<\/li>\n<li><b>3. A\u015fama:<\/b> Temerr\u00fcde d\u00fc\u015fm\u00fc\u015f (donuk alacak) varl\u0131klar i\u00e7in %100 temerr\u00fct olas\u0131l\u0131\u011f\u0131 ile kar\u015f\u0131l\u0131k hesaplan\u0131r.<\/li>\n<\/ol>\n<h3>3.2. Makroekonomik Senaryolar<\/h3>\n<p>Beklenen kredi zarar\u0131 hesaplamalar\u0131nda T\u00fcrkiye&#8217;nin GSYH reel b\u00fcy\u00fcme oran\u0131, t\u00fcketici fiyat endeksi ve i\u015fsizlik oran\u0131 gibi ileriye d\u00f6n\u00fck makroekonomik g\u00f6stergeler kullan\u0131lmaktad\u0131r. Hesaplamalar \u00fc\u00e7 senaryoya (Olumlu, Olumsuz, Baz) g\u00f6re a\u011f\u0131rl\u0131kland\u0131r\u0131lmaktad\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<h2>4. Ortakl\u0131k Yap\u0131s\u0131 ve Grup Bilgileri<\/h2>\n<p>Banka&#8217;n\u0131n nihai kontrol\u00fc Kuveyt merkezli <b>KIPCO Grubu<\/b> (Kuwait Projects Company) elindedir.<\/p>\n<ul>\n<li><b>Ana Sermayedar:<\/b> Al Rawabi United Holding K.S.C.C. (%52 pay oran\u0131).<\/li>\n<li><b>Di\u011fer B\u00fcy\u00fck Ortak:<\/b> Burgan Bank K.P.S.C. (%47,41 pay oran\u0131).<\/li>\n<li><b>Konsolidasyon Kapsam\u0131:<\/b> Burgan Finansal Kiralama A.\u015e. ve Burgan Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. tam konsolidasyon y\u00f6ntemiyle raporlara dahil edilmi\u015ftir.<\/li>\n<li><b>Operasyonel A\u011f:<\/b> 31 Aral\u0131k 2025 itibar\u0131yla yurt i\u00e7inde 28 \u015fube ve 1.517 personel ile hizmet verilmektedir.<\/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 Muhasebe Politikalar\u0131 ve Mevzuat Notlar\u0131<\/h2>\n<h3>5.1. Enflasyon Muhasebesi (TMS 29)<\/h3>\n<p>BDDK&#8217;n\u0131n 18 Aral\u0131k 2025 tarihli karar\u0131 uyar\u0131nca; bankalar ile finansal kiralama ve faktoring \u015firketlerinin 2025 y\u0131l\u0131 mali tablolar\u0131nda <b>enflasyon muhasebesi uygulamamas\u0131na<\/b> karar verilmi\u015ftir. Bu nedenle finansal tablolar tarihi maliyet esas\u0131na g\u00f6re sunulmu\u015ftur.<\/p>\n<h3>5.2. Sermaye Yeterlili\u011fi<\/h3>\n<p>Grubun konsolide \u00f6zkaynak tutar\u0131 20.910.705 bin TL olarak hesaplanm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Sermaye Yeterlili\u011fi Standart Oran\u0131:<\/b> %16,84 (2024: %21,93).<\/li>\n<li><b>Yasal Uygulama:<\/b> Kredi riskine esas tutar hesaplamas\u0131nda 28 Haziran 2024 tarihli TCMB d\u00f6viz al\u0131\u015f kurlar\u0131 kullan\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h3>5.3. Vergi Uygulamalar\u0131<\/h3>\n<ul>\n<li>Bankalar i\u00e7in ge\u00e7erli olan kurumlar vergisi oran\u0131 <b>%30<\/b>&#8216;dur.<\/li>\n<li>Ertelenmi\u015f vergi varl\u0131k ve y\u00fck\u00fcml\u00fcl\u00fckleri de bu oran \u00fczerinden hesaplanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"963\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Burgan Bank\u2019\u0131n 2025 Finansal Karnesi: Rakamlar\u0131n Arkas\u0131ndaki 5 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek 1. Giri\u015f: Bir Bankan\u0131n R\u00f6ntgenini \u00c7ekmek Finansal raporlar, \u00e7o\u011fu ki\u015fi i\u00e7in sadece so\u011fuk rakamlardan ibaret olsa da, k\u0131demli bir analist i\u00e7in kurumun risk i\u015ftah\u0131n\u0131, y\u00f6netim stratejisini ve pazarla olan m\u00fccadelesini&#8230; <\/p>\n","protected":false},"author":1,"featured_media":973,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[214],"class_list":["post-963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-brgan"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/963","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=963"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/963\/revisions"}],"predecessor-version":[{"id":977,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/963\/revisions\/977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/973"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}