15:02 - 3.09.2026

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September 3, Fineko/abc.az. Investment banking giant Goldman Sachs highlighted in its latest report that while Turkish banking sector profitability lost momentum in July 2026, widening interest rate spreads keep near-term risks manageable.

According to the analysis, net profit across the sector dropped 38% month-on-month in July, driving the average return on equity (ROE) down to 19.5% from 31.3% in June.

However, policy steps by the Central Bank of the Republic of Türkiye to lower effective funding costs to 37% helped reduce deposit costs and support Net Interest Margin (NIM) recovery. Consequently, Goldman Sachs reiterated its "Buy" rating for Garanti BBVA and İş Bankası due to strong funding structures, while maintaining a "Neutral" stance on Akbank and Yapı Kredi.