Sekerbank – Ratings Affirmed

19 February 2026

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 Sekerbank T.A.S. (SB or the Bank) at ‘B’ and ‘B’, respectively. At the same time, CI Ratings has affirmed SB’s Bank Standalone Rating (BSR) of ‘b’, Core Financial Strength (CFS) rating of ‘b’ and Extraordinary Support Level of (ESL) of Uncertain. The Outlook for the LT FCR and BSR remains Stable.

The Bank’s BSR is derived from a CFS rating of ‘b’ and an Operating Environment Risk Anchor (OPERA) of ‘b+’. The affirmation of the BSR and CFS is underpinned by more than full (albeit reduced) loan-loss reserve coverage for NPLs, rebound in operating profitability in the interim period, sound capital ratios, satisfactory leverage ratios along with adequate funding and comfortable liquidity profile. In common with the Turkish banking sector, the key challenges…