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Sekerbank T.A.S.

Sekerbank T.A.S.

SKBNK.IS
Sekerbank T.A.S.TR flagIstanbul Stock Exchange
18.15
TRY
+0.60
- -
45.38BMarket Cap
Sekerbank T.A.S.
SKBNK.IS
(Istanbul Stock Exchange)

Recent

price

18.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.59
0.54
0.75
0.75
0.82
0.82
0.85
0.87
1.04
1.19
1.38
1.19
3.02
5.5
6.19
6.86
7.95
Revenue per Share
0.11
0.08
0.16
0.14
0.15
0.06
0.07
0.07
0.05
-0.6
0.12
0.19
0.85
1.71
1.49
1.14
1.19
Basic EPS, GAAP
-0.01
0.25
-1.66
-0.24
-0.16
0.18
-0.52
1.69
-1.04
-1.98
-0.44
-0.93
-0.02
1.87
3.04
-0.29
-0.63
Free Cash Flow per Basic Share
0.01
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.07
0.06
0.05
- -
Dividend per Share
0.6
0.73
0.81
0.79
0.82
0.8
0.79
0.88
0.42
0.27
1.17
1.01
1.73
3.09
3.17
2.59
2.86
Book Value per Share
0.93
0.96
1.2
1.35
1.47
1.58
1.5
1.59
1.35
1.43
1.61
1.45
3.07
7.26
9.19
8.9
9.39
Tangible Book Value per Share
1,517
1,532
1,532
1,532
1,633
1,590
1,679
1,703
1,748
1,285
1,643
2,232
2,178
1,733
1,944
2,361
2,298
Basic Weighted Avg Shares
895
830
1,152
1,155
1,346
1,311
1,425
1,485
1,814
1,523
2,262
2,645
6,575
9,540
12,028
16,189
18,275
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
29
36
44
49
49
60
63
67
140
133
143
190
314
449
629
366
Depreciation Expense
168
124
250
219
243
96
123
114
89
-768
193
415
1,846
2,971
2,898
2,699
2,728
Net Income, GAAP
20.11
23.11
22.53
20.14
19.28
- -
8.27
17.29
17.51
- -
16.97
10.97
14.01
- -
9.36
22
18.17
Effective Tax Rate (%)
18.82
14.96
21.71
18.98
18.06
7.29
8.65
7.65
4.93
-50.41
8.55
15.68
28.07
31.14
24.1
16.67
14.93
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
31
2,119
2,279
3,215
3,627
5,232
4,752
8,068
5,840
4,484
4,818
10,026
8,727
15,190
24,078
43,685
60,956
LT Debt
1,429
1,500
1,874
2,118
2,478
2,614
2,614
2,791
2,453
1,961
2,765
3,366
6,837
12,733
18,179
21,768
22,457
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
21.64
12.27
21.23
17.84
19.09
7.35
9.47
8.01
8
-142.08
17.06
19.85
61.16
65.09
50.33
43.95
43.25
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,500
2,500
2,500
Market Capitalization
15,507
17,873
24,400

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
49,228
51,010
51,877
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.92%
54.72%
19.75%
Free Cash Flow
-988.62%
-1,771.13%
-111.63%
Net Income, GAAP
-57.32%
102.21%
-6.89%
Sales/Revenue/Turnover
33.88%
54.26%
34.59%
Total Cash Common Dividend
- -
692.85%
2.53%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,222
3,121
2,615
5,094
12,028
2025
3,182
3,793
3,761
5,315
16,189
2026
5,407
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.31
0.42
0.23
- -
1.49
2025
0.25
0.36
0.25
- -
1.14
2026
0.27
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.05
- -
- -
0.06
2025
- -
- -
- -
- -
0.05
2026
- -
- -
- -
- -
- -
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Business
Sekerbank T.A.S. operates as a commercial bank primarily engaged in providing comprehensive banking services including agricultural banking, business banking, small and medium enterprises (SME) lending, corporate banking, and retail banking primarily in Turkey. The bank’s core products and services include SME loans, corporate and commercial loans, consumer loans such as mortgage and vehicle loans, export-import financing, transaction brokerage, portfolio brokerage, private portfolio management, investment consulting, brokerage and underwriting of public offerings, general custody services, factoring for domestic and international commercial transactions, and financial leasing services. It serves a diverse customer base including small enterprises, agricultural clients, corporations, and retail customers across Turkey, with a strong focus on funding small enterprises and agricultural sectors. Sekerbank T.A.S. also operates subsidiaries including Seker Yatirim Menkul Degerler (investment brokerage), Seker Finansman AS, Seker Faktoring AS, and Sekerbank (Kibris) Ltd in Cyprus. Founded in 1953 and headquartered in Istanbul, Turkey, Sekerbank strives to be among the top private banks in Türkiye by total assets. Recent major developments include Ilbak Holding Anonim Sirketi’s acquisition of a 12.06% stake from Samruk-Kazyna Invest LLP in 2024, representing a significant shareholder base change. Sekerbank continues to expand its digital banking capabilities with advancements such as digital onboarding for individuals, farmers, and sole proprietors, enabling remote agricultural client registration and instant digital loan offerings tailored to farming repayment cycles. The bank has also been active in issuing debt instruments targeting both foreign and domestic investors, including sustainable and green bonds up to $100 million dedicated to ESG-linked financing, underscoring its strategic shift toward sustainability-themed lending. Its loan portfolio now consists predominantly of sustainability-themed loans, including renewable energy and energy efficiency projects. Additionally, Sekerbank strengthened its SME financing position with long-term local currency funding from international partners like FMO, supporting rural Anatolian small farmers and SME segments. As of 2025, Sekerbank employs approximately 3,525 people and has shown strong revenue growth alongside strategic operational enhancements to expand its lending capacity and product innovation in Turkey’s banking sector. This comprehensive product portfolio, geographic focus on Turkey with international subsidiaries, commitment to digital transformation, sustainability financing, and evolving shareholder structure highlight Sekerbank T.A.S.'s current market positioning and strategic priorities as a leading Turkish mid-tier commercial bank.