Garanti Faktoring stock: Assets nearly double to TRY 60.2 billion

Garanti Faktoring reported a sharp expansion in its balance sheet for the interim period ended September 30, 2026. TipRanks said on October 27 that total assets reached TRY 60.2 billion, compared with TRY 33.5 billion at the end of 2025.

Factoring receivables drive growth

The main balance-sheet driver was factoring receivables measured at amortised cost. They rose to TRY 58.0 billion, pointing to a substantial increase in business volume and client financing activity. For investors, the development indicates stronger operating scale, but it also increases the importance of asset quality and funding conditions.

Liquidity rises alongside exposure

Cash and cash equivalents increased to TRY 1.53 billion from TRY 903.1 million at year-end 2025. TipRanks also reported higher deferred tax and intangible assets, reflecting investment in operations and technology.

Non-performing receivables and expected credit loss provisions increased in absolute terms as well. The cited report described those amounts as modest relative to the enlarged portfolio. The key monitoring point is whether credit costs remain contained while factoring receivables continue to grow.

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