{"id":65064,"date":"2026-04-14T08:36:19","date_gmt":"2026-04-14T08:36:19","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/04\/14\/yapi-ve-kredi-bankasi-ykbnk-bilanco-yorumu\/"},"modified":"2026-04-14T08:36:19","modified_gmt":"2026-04-14T08:36:19","slug":"yapi-ve-kredi-bankasi-ykbnk-bilanco-yorumu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/04\/14\/yapi-ve-kredi-bankasi-ykbnk-bilanco-yorumu\/","title":{"rendered":"Yap\u0131 ve Kredi Bankas\u0131 (YKBNK) bilan\u00e7o yorumu"},"content":{"rendered":"<p>Yap\u0131 ve Kredi Bankas\u0131 A.\u015e. (YKBNK) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 4 \u015eubat g\u00fcn\u00fc kamuya a\u00e7\u0131kland\u0131. <a href=\"https:\/\/rotaborsa.com\/haberler\/bilanco-haberleri\/\">Bilan\u00e7o<\/a> sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, TERA Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1280\" height=\"720\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2024\/12\/ykbnk8.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-260628\" 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\">Yap\u0131 ve Kredi Bankas\u0131 A.\u015e. hisse haberleri \u2013 YKBNK hisse yorumu<\/h2>\n<p>TERA Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c<strong>S\u0131n\u0131rl\u0131 pozitif 4\u00c7 sonu\u00e7lar\u0131; temkinli 2026 b\u00fct\u00e7esi beklentilerle genel olarak uyumlu\u2026<\/strong> Yap\u0131 Kredi Bankas\u0131, 4\u00c725\u2019te TL8.197mn olan piyasa beklentisi ve TL8.242mn Tera tahmininin hafif \u00fczerinde 9.280mn TL konsolide olmayan net k\u00e2r a\u00e7\u0131klad\u0131. Bankan\u0131n net k\u00e2r\u0131 \u00e7eyreklik bazda 8 d\u00fc\u015ferken, y\u0131ll\u0131k bazda ise @ b\u00fcy\u00fcyerek  \u00f6zkaynak k\u00e2rl\u0131l\u0131\u011f\u0131na ula\u015ft\u0131. B\u00f6ylece bankan\u0131n net k\u00e2r\u0131 2025\u2019te y\u0131ll\u0131k b artarken, \u00f6zkaynak k\u00e2rl\u0131l\u0131\u011f\u0131 ! seviyesinde ger\u00e7ekle\u015fti. 4\u00c725\u2019te finansallar\u0131n b\u00fcy\u00fck b\u00f6l\u00fcm\u00fc tahminlerimizle uyumlu olup, s\u0131n\u0131rl\u0131 pozitif sapma, beklentilerin \u00fczerinde ger\u00e7ekle\u015fen komisyon\/faaliyet gideri oran\u0131ndan kaynaklanm\u0131\u015ft\u0131r. \u00d6zetle; g\u00fc\u00e7l\u00fc hacim b\u00fcy\u00fcmesi, belirgin net faiz marj\u0131 geni\u015flemesi, komisyon gelirlerindeki istikrarl\u0131 art\u0131\u015f, risk maliyetindeki hafif art\u0131\u015f dikkat \u00e7ekerken, faaliyet giderlerindeki art\u0131\u015f ivmesi bir miktar h\u0131zlanm\u0131\u015ft\u0131r. Bu arada, vergi mevzuat\u0131ndaki de\u011fi\u015fikliklerin ard\u0131ndan efektif vergi oran\u0131 4\u00c7\u2019te beklendi\u011fi \u00fczere `\u2019a sert y\u00fckselmi\u015f, b\u00f6ylece 2025 y\u0131l\u0131 efektif vergi oran\u0131 9A25\u2019teki  seviyesinden )\u2019a \u00e7\u0131km\u0131\u015ft\u0131r. Ayr\u0131ca, i\u015ftirak katk\u0131lar\u0131 ve yeniden de\u011ferleme kazan\u00e7lar\u0131n\u0131n deste\u011fiyle YKB\u2019nin \u00f6zkaynaklar\u0131 \u00e7eyreklik %6 artm\u0131\u015f, bu da y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f $ defter de\u011feri b\u00fcy\u00fcmesine i\u015faret etmi\u015ftir.<br \/>Detaylara bakt\u0131\u011f\u0131m\u0131zda, TL krediler \u00e7eyreklik  b\u00fcy\u00fcrken, t\u00fcm segmentlerde pazar paylar\u0131 korunmu\u015f; YP krediler ise \u00e7eyreklik yakla\u015f\u0131k %1 artm\u0131\u015ft\u0131r. TL ve YP mevduatlar s\u0131n\u0131rl\u0131 pazar pay\u0131 kazan\u0131m\u0131yla \u00e7eyreklik %8 y\u00fckselmi\u015ftir. Swapla d\u00fczeltilmi\u015f net faiz marj\u0131, TL fonlama maliyetlerindeki d\u00fc\u015f\u00fc\u015f\u00fcn etkisiyle \u00e7eyreklik 50bp geni\u015flemi\u015f; T\u00dcFEX ka\u011f\u0131tlar\u0131 ise 3\u00c7\u2019teki g\u00fc\u00e7l\u00fc yukar\u0131 de\u011ferlemenin ard\u0131ndan \u00e7eyreklik hafif gerilemi\u015ftir. Piyasa i\u015flem gelirleri Eurobond portf\u00f6y\u00fcndeki k\u00e2r realizasyonlar\u0131n\u0131n da katk\u0131s\u0131yla g\u00fc\u00e7l\u00fc seyrini korumu\u015ftur. D\u00f6vizle d\u00fczeltilmi\u015f risk maliyeti, takipteki alacak giri\u015fi oran\u0131ndaki art\u0131\u015fa paralel olarak 4\u00c725\u2019te 179bp\u2019ye s\u0131n\u0131rl\u0131 y\u00fckselmi\u015f; toplam kar\u015f\u0131l\u0131k oran\u0131 kredilerin %3,9\u2019una \u00e7\u0131km\u0131\u015ft\u0131r. 2025 y\u0131l\u0131 risk maliyeti 167bp olarak ger\u00e7ekle\u015fmi\u015ftir. Komisyon gelirleri 4\u00c725\u2019te t\u00fcm segmentlerdeki art\u0131\u015flarla y\u0131ll\u0131k I g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme sergilerken, faaliyet giderleri art\u0131\u015f h\u0131z\u0131 y\u0131ll\u0131k S ile bir miktar daha y\u00fcksek kalm\u0131\u015ft\u0131r. Son olarak, BDDK ho\u015fg\u00f6r\u00fcleri \u00f6ncesi sermaye oranlar\u0131 \u00e7eyreklik bazda hafif artarken, \u00e7ekirdek sermaye oran\u0131 4\u00c725 sonunda %9,8 seviyesine ula\u015fm\u0131\u015ft\u0131r.<br \/>Yap\u0131 Kredi Bankas\u0131 y\u00f6netimi 2026 b\u00fct\u00e7esini payla\u015ft\u0131. Buna g\u00f6re banka; TL kredi b\u00fcy\u00fcmesini 0 (Tera:  )), YP kredi b\u00fcy\u00fcmesini d\u00fc\u015f\u00fck tek haneli (Tera:  %4), swapla d\u00fczeltilmi\u015f net faiz marj\u0131nda \u2265100bp geni\u015fleme (Tera:  179 bp), d\u00f6vizle d\u00fczeltilmi\u015f risk maliyetini 150-175bp (Tera: 160 bp), komisyon art\u0131\u015f\u0131n\u0131 T\u00dcFE civar\u0131nda (Tera:  &amp;) ve faaliyet giderleri art\u0131\u015f\u0131n\u0131 \u22645 (Tera:  8) olarak hedeflemektedir. Bu varsay\u0131mlar alt\u0131nda 2026 i\u00e7in y\u00fcksek-orta yirmili seviyelerde \u00f6zkaynak karl\u0131l\u0131\u011f\u0131 (Tera: )) \u00f6ng\u00f6r\u00fclmektedir. Bankan\u0131n 2026 b\u00fct\u00e7esinin, marjlar a\u00e7\u0131s\u0131ndan temkinli tarafta kalmakla birlikte, genel olarak beklentilerimizle uyumlu oldu\u011funu de\u011ferlendiriyoruz. Tahminlerimize g\u00f6re hisse 2026T i\u00e7in 0,91x PD\/DD ve 3,7x F\/K, 2027T i\u00e7in ise 0,71x PD\/DD ve 3,0x F\/K gibi cazip \u00e7arpanlardan i\u015flem g\u00f6rmektedir. YKB i\u00e7in tavsiyemizi Endeks \u00dcst\u00fc Getiri olarak koruyoruz.\u201d<\/p>\n<p><em><strong>Kaynak: <\/strong>TERA Yat\u0131r\u0131m Ara\u015ft\u0131rma<\/em><\/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<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\" style=\"font-size:10px\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<ul class=\"wp-block-social-links aligncenter has-huge-icon-size has-visible-labels has-icon-color is-style-default is-horizontal is-content-justification-center is-layout-flex wp-container-core-social-links-is-layout-499968f5 wp-block-social-links-is-layout-flex\">\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-whatsapp has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa WhatsApp kanal\u0131na kat\u0131l\u0131n!<\/span><\/a><\/li>\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-telegram has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/rotaborsa_halkaarz\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa Telegram kanal\u0131na kat\u0131l\u0131n!<\/span><\/a><\/li>\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-x has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rotaborsa\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa Twitter hesab\u0131n\u0131 takip edin!<\/span><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em><em><strong>TERA Yat\u0131r\u0131m yasal uyar\u0131s\u0131:<\/strong> Bu raporda yer alan bilgiler halka a\u00e7\u0131k kaynaklardan veya Tera Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. taraf\u0131ndan g\u00fcvenilir addedilen di\u011fer kaynaklardan derlenmi\u015f olup genel bilgilendirme amac\u0131yla haz\u0131rlanm\u0131\u015ft\u0131r. Tera Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. nin rapor tarihinden sonra, s\u00f6z konusu bilgi ve g\u00f6r\u00fc\u015flerde meydana gelebilecek de\u011fi\u015fikliklerden yat\u0131r\u0131mc\u0131lar\u0131 haberdar etme y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc bulunmamaktad\u0131r. Bu raporun i\u00e7eri\u011finde yer alan herhangi bir bilgi, kesinlik, do\u011fruluk veya eksiksizlik garanti etmedi\u011fi gibi 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, yetkili kurulu\u015flar taraf\u0131ndan ki\u015filerin risk ve getiri tercihleri dikkate al\u0131narak ki\u015fiye \u00f6zel sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler yorum ve tavsiyede bulunanlar\u0131n genel nitelikte ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmakta olup 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 tercihinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayan\u0131larak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir. Ortaya \u00e7\u0131kabilecek sonu\u00e7lardan dolay\u0131 Tera Yat\u0131r\u0131m ile ba\u011fl\u0131 kurulu\u015flar\u0131, g\u00f6r\u00fc\u015f sahipleri, \u00e7al\u0131\u015fanlar\u0131, y\u00f6neticileri ve ortaklar\u0131 sorumlu tutulamaz.<\/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>Yap\u0131 ve Kredi Bankas\u0131 A.\u015e. (YKBNK) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 4 \u015eubat g\u00fcn\u00fc kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, TERA Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Yap\u0131 ve Kredi Bankas\u0131 A.\u015e. hisse haberleri \u2013 YKBNK hisse yorumu TERA Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201cS\u0131n\u0131rl\u0131 pozitif 4\u00c7 sonu\u00e7lar\u0131; temkinli 2026 b\u00fct\u00e7esi beklentilerle genel [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":65065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65064","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\/65064","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=65064"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/65064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/65065"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=65064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=65064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=65064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}