{"id":52120,"date":"2025-10-29T14:49:31","date_gmt":"2025-10-29T14:49:31","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/10\/29\/akbank-akbnk-2025-3-ceyrek-bilanco-yorumu\/"},"modified":"2025-10-29T14:49:31","modified_gmt":"2025-10-29T14:49:31","slug":"akbank-akbnk-2025-3-ceyrek-bilanco-yorumu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/10\/29\/akbank-akbnk-2025-3-ceyrek-bilanco-yorumu\/","title":{"rendered":"Akbank (AKBNK) 2025 3. \u00e7eyrek bilan\u00e7o yorumu"},"content":{"rendered":"<p>Akbank T.A.\u015e. (AKBNK) 2025 y\u0131l\u0131 3. \u00e7eyrek finansal sonu\u00e7lar\u0131 23 Ekim g\u00fcn\u00fc kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131 \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Kurum de\u011ferlendirmesinde \u015fu ifadeleri kulland\u0131;<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2025\/01\/akbnk-2-1024x576.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-275634\" title=\"2 kurum Ford Otomotiv (FROTO) i\u00e7in hedef fiyatlar\u0131n\u0131 a\u00e7\u0131klad\u0131 6 HABERLER, G\u00fcndemdekiler, \u015eirket Haberleri Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">Akbank T.A.\u015e. hisse haberleri \u2013 Akbank hisse yorumu<\/h2>\n<p>\u0130\u015f Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c<strong>Akbank 3\u00c725: Net Faiz Marj\u0131 Toparlanmas\u0131 H\u0131z Kazan\u0131rken, Komisyon Gelirlerindeki G\u00fc\u00e7l\u00fc Seyir Devam Ediyor<\/strong>\u2026 <em>Akbank 3\u00c725\u2019te 13,57 milyar TL olan beklentimizin hafif \u00fczerinde, 14 milyar TL net kar a\u00e7\u0131klad\u0131.<\/em><strong>\u00a0<\/strong>Net kar, tahminimizin %3,2 \u00fczerinde ger\u00e7ekle\u015firken, \u0131l\u0131ml\u0131 bir net faiz marj\u0131 (NFM) toparlanmas\u0131 ve net \u00fccret ve komisyon gelirlerinde devam eden g\u00fc\u00e7l\u00fc performans taraf\u0131ndan desteklendi. G\u00fc\u00e7l\u00fc gelir performans\u0131, net kara da \u00f6nemli \u00f6l\u00e7\u00fcde yans\u0131rken Banka 9A25 net kar\u0131n\u0131 y\u0131ll\u0131k bazda , \u00e7eyreklik bazda ise &amp; art\u0131\u015f kaydederek 38,9 milyar TL\u2019ye ta\u015f\u0131d\u0131. \u00d6zkaynak karl\u0131l\u0131\u011f\u0131 (RoAE) \u00e7eyreklik bazda yakla\u015f\u0131k 230 bp, y\u0131ll\u0131k bazda ise 500 bp art\u0131\u015f kaydederek 3\u00c725\u2019te ! seviyesinde ger\u00e7ekle\u015fti.<br \/><em>Gelirler y\u0131ll\u0131k bazda H, \u00e7eyreklik bazda ( artt\u0131;<\/em><strong>\u00a0<\/strong>bu art\u0131\u015f, g\u00fc\u00e7l\u00fc net \u00fccret ve komisyon gelirleri ve 3\u00c725 itibar\u0131yla net faiz gelirlerinde (NFG) ba\u015flayan toparlanma taraf\u0131ndan desteklendi. Faiz indirimi d\u00f6ng\u00fcs\u00fcn\u00fcn etkileri finansallara yans\u0131maya ba\u015flad\u0131k\u00e7a NFG iyile\u015fme g\u00f6sterdi ve \u00e7ekirdek gelirlere yeniden destek sa\u011flamaya ba\u015flad\u0131. Piyasa oynakl\u0131\u011f\u0131n\u0131n etkisiyle fonlama maliyetlerinin 2\u00c7\u2019de y\u00fckselmesinin ard\u0131ndan, fonlama dinamiklerinin iyile\u015fmesiyle NFM toparlanmas\u0131 3\u00c725\u2019te ba\u015flad\u0131. \u00c7eyrek boyunca marjlarda anlaml\u0131 geni\u015fleme g\u00f6r\u00fcl\u00fcrken swap dahil NFM \u00e7eyreklik bazda 73 bp, T\u00dcFE\u2019ye endeksli d\u00fczeltilmi\u015f NFM ise 50 bp artt\u0131. 3\u00c725 sonunda elde edilen y\u00fcksek \u00e7\u0131k\u0131\u015f NFM\u2019i (exit NFM), 4\u00c7\u2019de daha g\u00fc\u00e7l\u00fc bir performansa i\u015faret ediyor, ancak toparlanman\u0131n h\u0131z\u0131 dezenflasyon s\u00fcreci ve faiz indirimlerinin boyutuna ba\u011fl\u0131 olacak.<br \/><em>Net \u00dccret ve Komisyon gelirleri y\u0131ll\u0131k bazda g artt\u0131<\/em><strong>\u00a0<\/strong>ve gelirlerdeki y\u0131ll\u0131k b\u00fcy\u00fcmenin ana itici g\u00fcc\u00fc olmay\u0131 s\u00fcrd\u00fcrd\u00fc. Bu durum, bankan\u0131n m\u00fc\u015fteri odakl\u0131 ve tekrarlayan gelir ak\u0131\u015flar\u0131na olan stratejik oda\u011f\u0131n\u0131 yans\u0131t\u0131yor. Bankas\u00fcrans ve \u00f6deme sistemlerinden gelen katk\u0131lar s\u0131ras\u0131yla w ve v oran\u0131nda art\u0131\u015f g\u00f6stererek net \u00fccret ve komisyon gelirlerinin g\u00fc\u00e7l\u00fc kalmas\u0131n\u0131 sa\u011flad\u0131 ve y\u0131l sonu `\u2019l\u0131k b\u00fcy\u00fcme hedefini a\u015fm\u0131\u015f oldu. Faaliyet giderleri y\u0131ll\u0131k bazda 5, \u00e7eyreklik bazda %7 artarak, Bankay\u0131 @ y\u0131l sonu hedefinin alt\u0131nda, olumlu bir konuma ta\u015f\u0131d\u0131. Bu do\u011frultuda, g\u00fc\u00e7l\u00fc net \u00fccret ve komisyon b\u00fcy\u00fcmesi ve temkinli maliyet y\u00f6netimi sayesinde net \u00fccret ve komisyon\/operasyonel gider oran\u0131 (opex coverage ratio) 4\u2019e y\u00fckseldi.<br \/><em>Net risk maliyeti (CoR) hafif artarak 230 bp seviyesine ula\u015ft\u0131;<\/em><strong>\u00a0<\/strong>2. ve 3. a\u015fama kar\u015f\u0131l\u0131k oran\u0131 temkinli risk y\u00f6netimi sebebiyle 4,3\u2019e y\u00fckselirken, konsolide takipteki alacak oran\u0131 (NPL) 3\u00c725\u2019te %3,5 ile 2\u00c725\u2019teki %3,4 seviyesine paralel seyrederek y\u0131l sonu hedefiyle uyumlu ger\u00e7ekle\u015fti.<br \/><strong>Y\u0131lsonu Beklentileri (Guidance)<\/strong>: Akbank, 2025 y\u0131l sonu hedeflerini 3\u00c725\u2019te de\u011fi\u015ftirmedi. Buna g\u00f6re Banka, swap dahil net faiz marj\u0131n\u0131n %3,0\u20133,5 aral\u0131\u011f\u0131nda, y\u0131l sonu \u00f6zkaynak karl\u0131l\u0131\u011f\u0131n\u0131n %\u2019in \u00fczerinde ve NPL oran\u0131n\u0131n %3,5 civar\u0131nda ger\u00e7ekle\u015fmesini \u00f6ng\u00f6rmeye devam ediyor.<br \/><strong>G\u00f6r\u00fcn\u00fcm ve Beklentiler<\/strong>: Bankan\u0131n, \u00f6n\u00fcm\u00fczdeki d\u00f6nemde daha y\u00fcksek net faiz marjlar\u0131ndan fayda sa\u011flayabilecek, yap\u0131sal olarak g\u00fc\u00e7l\u00fc bir konumda oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz. Bu durumun, 2025\u2019in ikinci yar\u0131s\u0131ndan itibaren ba\u015flayarak 2026 boyunca \u00f6zkaynak karl\u0131l\u0131\u011f\u0131nda daha s\u00fcrd\u00fcr\u00fclebilir bir iyile\u015fmeyi desteklemesi bekleniyor. 3\u00c725\u2019teki y\u00fcksek \u00e7\u0131k\u0131\u015f NFM\u2019si, 4\u00c7\u2019de daha g\u00fc\u00e7l\u00fc bir marj performans\u0131na i\u015faret ederken, y\u00f6netim 2026\u2019da NFM ve RoAE\u2019de daha \u00f6ng\u00f6r\u00fclebilir ve kademeli bir iyile\u015fme bekliyor; bu da para politikas\u0131ndaki gev\u015femenin finansallara daha belirgin \u015fekilde yans\u0131maya ba\u015flamas\u0131yla uyumlu bir beklenti olarak \u00f6ne \u00e7\u0131k\u0131yor.<br \/>Net kar \u00e7eyreklik bazda &#8221; artarak beklentilerimizin \u00fczerinde ger\u00e7ekle\u015fti. Bu art\u0131\u015f, iyile\u015fen net faiz gelirleri ve g\u00fc\u00e7l\u00fc \u00fccret ve komisyon gelirleri performans\u0131n\u0131n deste\u011fiyle sa\u011flan\u0131rken net \u00fccret ve komisyon gelirleri, gelir b\u00fcy\u00fcmesindeki ivmenin ana itici g\u00fcc\u00fc olmaya devam etti.Yap\u0131sal g\u00f6stergeler sa\u011flam ve net faiz marj\u0131ndaki toparlanma s\u00fcr\u00fcyor olsa da NFM ve \u00f6zkaynak karl\u0131l\u0131\u011f\u0131ndaki g\u00f6rece yava\u015f iyile\u015fme, % \u00fczeri y\u0131l sonu RoAE hedefinin yakalanmas\u0131n\u0131 zorla\u015ft\u0131rabilir.<br \/>Y\u00f6netim y\u0131l sonu hedeflerine y\u00f6nelik g\u00fcvenini yinelese ve 4. \u00e7eyrek i\u00e7in daha g\u00fc\u00e7l\u00fc bir performans \u00f6ng\u00f6rse de genel olarak 3. \u00e7eyrekte kaydedilen g\u00fc\u00e7l\u00fc k\u00e2r art\u0131\u015f\u0131 olumlu bir unsur olarak \u00f6ne \u00e7\u0131karken, y\u0131l sonu karl\u0131l\u0131k hedeflerinin yakalanabilirli\u011fi konusunda hafif temkinli duru\u015fumuzu koruyoruz.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"755\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2025\/10\/5D65642F-60BF-484D-9BCC-E97163DC8E22-1024x755.png\" alt=\"| Rota Borsa\" class=\"wp-image-371171\" title=\"| Rota Borsa\" \/><\/figure>\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-rota-borsa wp-block-embed-rota-borsa\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"cxpBgiQP23\"><p><a href=\"https:\/\/rotaborsa.com\/altinay-savunma-altny-hisse-yorumu-ve-teknik-analizi-8\/\">Alt\u0131nay Savunma (ALTNY) hisse yorumu ve teknik analizi<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Bizi WhatsApp Kanal\u0131m\u0131z \u00fczerinden de takip edebilirsiniz. WhatsApp kanal\u0131 linki:\u00a0<a href=\"https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x\" target=\"_blank\" rel=\"noreferrer noopener\"><mark><mark style=\"background-color:#ffffff;color:#01b673\" class=\"has-inline-color\">https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x<\/mark><\/mark><\/a><br \/>Bizi Telegram \u00dczerinden de takip edebilirsiniz. Telegram kanal\u0131 linki:\u00a0<a href=\"https:\/\/t.me\/rotaborsa_halkaarz\" target=\"_blank\" rel=\"noreferrer noopener\"><mark><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-red-color\">https:\/\/t.me\/rotaborsa_halkaarz<\/mark><\/mark><\/a><\/p>\n<div class=\"kanews-banner kanews-banner-single\">\n<div style=\"min-height:280px\" data-empower-zone=\"159899\" class=\"empower-ad\"><\/div>\n<\/div>\n<p><em><em><em><strong>\u0130\u015f Yat\u0131r\u0131m yasal uyar\u0131s\u0131:<\/strong> Burada yer alan bilgiler \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. taraf\u0131ndan bilgilendirme amac\u0131 ile haz\u0131rlanm\u0131\u015ft\u0131r. Yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda de\u011fildir. Yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti; arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Herhangi bir yat\u0131r\u0131m arac\u0131n\u0131n al\u0131m-sat\u0131m \u00f6nerisi ya da getiri vaadi olarak yorumlanmamal\u0131d\u0131r. Bu g\u00f6r\u00fc\u015fler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir. Burada yer alan fiyatlar, veriler ve bilgilerin tam ve do\u011fru oldu\u011fu garanti edilemez; i\u00e7erik, haber verilmeksizin de\u011fi\u015ftirilebilir. T\u00fcm veriler, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. taraf\u0131ndan g\u00fcvenilir oldu\u011funa inan\u0131lan kaynaklardan al\u0131nm\u0131\u015ft\u0131r. Bu kaynaklar\u0131n kullan\u0131lmas\u0131 nedeni ile ortaya \u00e7\u0131kabilecek hatalardan \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. sorumlu de\u011fildir. <\/em><\/em><\/em><br \/><em><strong>Rota Borsa yasal uyar\u0131s\u0131:<\/strong> Burada yer alan yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda de\u011fildir. Yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti, arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Bu g\u00f6r\u00fc\u015fler, mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle sadece burada yer alan bilgilere dayan\u0131larak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Akbank T.A.\u015e. (AKBNK) 2025 y\u0131l\u0131 3. \u00e7eyrek finansal sonu\u00e7lar\u0131 23 Ekim g\u00fcn\u00fc kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131 \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Kurum de\u011ferlendirmesinde \u015fu ifadeleri kulland\u0131; Akbank T.A.\u015e. hisse haberleri \u2013 Akbank hisse yorumu \u0130\u015f Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201cAkbank 3\u00c725: Net Faiz Marj\u0131 Toparlanmas\u0131 H\u0131z Kazan\u0131rken, Komisyon Gelirlerindeki [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":52121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilanco-haberleri"],"_links":{"self":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/52120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/comments?post=52120"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/52120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/52121"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=52120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=52120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=52120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}