Yapi ve Kredi Bankasi – Ratings Affirmed with a Stable Outlook

23 April 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 Yapi ve Kredi Bankasi (YKB or the Bank) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed YKB’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘bb’ and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR remains Stable.

The affirmation of the ratings is supported by YKB’s overall satisfactory financial profile, specifically satisfactory profitability, and sound liquidity aided by an increased longer-term maturity funding profile. The ratings are constrained by considerable downside risk to the Bank’s loan asset quality due to a challenging operating environment, concentration in government securities, inflated capital ratios due to regulatory forbearance measures on…