Garanti BBVA 1Q26 net income rises 32.4% to TL 33.62 billion

• Garanti BBVA posted 1Q26 net income up 32.4% to TL 33.62 billion.
• Net interest income jumped 87% to TL 71.43 billion, while ROAE was 30.3%.
• Net fees and commissions climbed 41.7% to TL 42.86 billion, while operating expenses rose 56.6% to TL 54.28 billion.
• Total assets increased 5.2% to TL 4.78 trillion, while customer deposits edged up 0.5% to TL 3.16 trillion.
• CEO Mahmut Akten said funding costs rose across the sector after early-March developments and expects the impact to be more visible in 2Q.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Turkiye Garanti Bankasi AS published the original content used to generate this news brief on April 29, 2026, and is solely responsible for the information contained therein.