Strategy Note - BRSA January 2026 figures

According to BDDK data for January 2026, the improvement in net interest margins in the banking sector that began in August slowed in January after five months of strong performance. However, it should be noted that the sector's net interest margin remained above its 2025 averages. Across the sector, real growth continues on an annual basis in items such as assets, equity, and profitability indicators, but we are seeing a loss of momentum on a monthly basis. We believe this situation will continue similarly in February, and we may see a loss of momentum in March.