Albaraka Turk Katilim Bankasi – Ratings Affirmed with a Stable Outlook

18 December 2025

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Albaraka Turk Katilim Bankasi A.S. (ATKB or the Bank) at ‘B-’ and ‘B’, respectively. At the same time, CI Ratings has affirmed ATKB’s Bank Standalone Rating (BSR) of ‘b-’, Core Financial Strength (CFS) rating of ‘b‑’ and Extraordinary Support Level (ESL) of Uncertain. The Outlook for the LT FCR and BSR remains Stable.

The affirmation of BSR and CFS rating is supported by the Bank’s largely stable financing asset quality and comfortable liquidity underpinned by a sound funding profile including a growing customer deposit base and diversified wholesale funds. As with its peers and the sector, the key challenge for ATKB relates to the challenging operating environment, high inflation and interest rates, as well as ongoing Turkish lira depreciation. The…