Turkiye Garanti Bankasi Anonim Sirketi · BIST:GARAN

Turkiye Garanti Bankasi Anonim Sirketi — Turkiye Garanti Bankasi A.S. — 1H25 Earnings Presentation

33 slides from Turkiye Garanti Bankasi Anonim Sirketi's earnings presentation, Jul 30, 2025

  1. Slide 1: 1H25 Earnings Presentation

    1H25 EARNINGS PRESENTATION Based on BRSA Consolidated Financials July 30th, 2025

  2. Slide 2: Macro Recap

    ${Garanti BBVA MACRO RECAP

  3. Slide 3: Turkish Economy (I/II)

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 3 TURKISH ECONOMY (I/II) GDP GROWTH CBRT FUNDING RATE & CPI EXPECTATIONS (YoY) (%) 5.1% 90% 80% 70% 3.5% 60% 3.2% 50% 40% 36% 30% 25% 30% 20% 21% 10% 0% Mar-22 Jun-22 Mar-23 Jun-23 Jun-24 Jun-25 Dec-23 Mar-24 Mar-25 Mar-26 Jun-26 Dec-21 Dec-22 Dec-24 Dec-

  4. Slide 4: Turkish Economy (II/II)

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 4 TURKISH ECONOMY (II/II) CA DEFICIT / GDP (year end) CG BUDGET DEFICIT / GDP (year end) 2022 2023 2024 2025E 2022 2023 2024 2025E -0.8% -0.9% -1.3% -3.6% -4.0% -5.2% -4.9% -5.1% -47bn$ -40bn$ -10bn$ -20bn$ We expect current account deficit to GDP to 2Q25

  5. Slide 5: 1H25 Financials

    ${Garanti BBVA 1H25 FINANCIALS

  6. Slide 6: Our Distinguished Earnings Strength Preserved

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 6 OUR DISTINGUISHED EARNINGS STRENGTH PRESERVED… NET INCOME (TL bn) QUARTERLY 1H25 1H25 +11% QoQ ROAE ROAA 28.2 25.4 30.7% 3.1% 1Q25 2Q25 LEVERAGE CET-1 Debt / Equity w/o forbearance CUMULATIVE +20% YoY 9.1X 12.6% 53.6 44.6 Note: In the calculation of ROA

  7. Slide 7: With Proven Capability to Generate Core Banking Revenue

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 7 …WITH PROVEN CAPABILITY TO GENERATE CORE BANKING REVENUE CORE BANKING REVENUE (TL bn) QUARTERLY CUMULATIVE +61% YoY 130.6 +7% QoQ +205% 60.0 67.6 81.0 63.0 (74%) +5% Core NII 19.6 Core NII 5.1 29.3 30.7 Pure Trading 19.5 Pure Trading (44%) 3.3 1.9 +57%

  8. Slide 8: Lending Driven Asset Mix Continues to Be the Main Differentiator

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 8 LENDING DRIVEN ASSET MIX CONTINUES TO BE THE MAIN DIFFERENTIATOR -OPPORTUNISTIC FIXED RATE SECURITIES ADDITIONS OFFSET REDEMPTIONS FROM CPI LINKERS PERFORMING LOANS (TL, US $ billion) ASSET BREAKDOWN QoQ YtD Other (incl. Fixed Assets & NPLs); 5.9% 2,193

  9. Slide 9: Consumer Loans & Credit Cards Gained Pace in 2Q

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 9 CONSUMER LOANS & CREDIT CARDS GAINED PACE IN 2Q PROFITABLE & SELECTIVE GROWTH FOCUS MAINTAINED TL PERFORMING LOAN GROWTH Consumer (exc. CCs) TL Business (incl. SME & Corporate CCs) TL PERFORMING LOAN BREAKDOWN Consumer Credit Cards (62% of total perform

  10. Slide 10: Declining Share of Stage-2 Mainly Due to Recovery Performance Related Outflows

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 10 DECLINING SHARE OF STAGE-2 MAINLY DUE TO RECOVERY PERFORMANCE RELATED OUTFLOWS LOANS & RECEIVABLES BREAKDOWN (TL bn) STAGE-2 BREAKDOWN (TL bn) 227.2bn excl. currency impact2 214.7bn Stage 1, 209.8bn TL in Jun’25 208.9bn 2,040.5 201.2bn TL in Mar’25 Sta

  11. Slide 11: NPL Flow Faring as Expected

    1H25 BRSA BANK-ONLY EARNINGS PRESENTATION 11 NPL FLOW FARING AS EXPECTED NPL EVOLUTION (TL mn) COVERAGE RATIOS QUARTERLY Net NPL Flow 3,116 10,365 12,169 1Q25 2Q25 2Q25 (adj. w/ WD*) Net NPL Flow Total Provision excld. curr. impact, 8,784 13,035 13,831 66.7 74.6 91.7 (Balance sheet, TL bn) NPL Sales

  12. Slide 12: Better Than Expected Net CoR Led by Large-Ticket Provision Reversals

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 12 BETTER THAN EXPECTED NET COR LED BY LARGE-TICKET PROVISION REVERSALS NET PROVISIONS & NET COR excl. CURRENCY (TL bn) QUARTERLY CUMULATIVE D QoQ D YoY 1.33% 1.39% 1.24% 0.63% 1.12% -27bps +62bps 0.62% 0.61% 0.44% 6.6 -8% 12.7 +193% 6.1 5.4 2.3 4.3 2.0 1

  13. Slide 13: Customer-Driven Funding & Actively Managed Pricing

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 13 CUSTOMER-DRIVEN FUNDING & ACTIVELY MANAGED PRICING - THE BACKBONE OF OUR SUCCESS TL CUST. DEPOSITS (TL bn) (55% of total deposits) QoQ YtD LIABILITIES & SHE BREAKDOWN MAINTAINED FOCUS ON STICKY & 1,462 +3% +22% 1,414 LOWER-COST DEPOSITS Total Demand De

  14. Slide 14: Well-Defended NII Amid Market Shifts

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 14 WELL-DEFENDED NII AMID MARKET SHIFTS NIM INCL. SWAP COST1 TL LOAN-TIME DEPOSIT SPREAD2 QUARTERLY CUMULATIVE QUARTERLY D YoY D QoQ TL Loan Yields (exc. CCs) 5.3% TL Time Deposit Cost 5.1% +143bps 4.8% -45 bps 1.2% 49.4% 49.5% 48.5% 48.6% 1.0% 1.1% 3.6%

  15. Slide 15: Customer-Driven Asset Mix Ensures Margin Resilience

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 15 CUSTOMER-DRIVEN ASSET MIX ENSURES MARGIN RESILIENCE HIGHER WEIGHT OF HIGH HIGHER WEIGHT OF CUSTOMER-DRIVEN ENSURE THE SUSTAINABILITY OF 1 YIELDING ASSET: TL LOANS 2 & LOWER COST OF FUNDING STRONG BANKING REVENUE (% in TL Assets, 1H25) (% in TL Liabilit

  16. Slide 16: Robust Fee Generation Reflects the Strength in Payment Systems

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 16 ROBUST FEE GENERATION REFLECTS THE STRENGTH IN PAYMENT SYSTEMS, RELATIONSHIP BANKING AND DIGITALIZATION NET FEES & COMMISSIONS (TL bn) NET F&C BREAKDOWN1 QUARTERLY CUMULATIVE +15% QoQ +57% YoY Other 1.0% Cash Loans, 65.5 Payment Systems, 7.3% 67.3% Non

  17. Slide 17: Opex Growth Faring In-Line with Budget

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 17 OPEX GROWTH FARING IN-LINE WITH BUDGET STRATEGIC SPENDING TO FUEL SUSTAINABLE REVENUES OPERATING EXPENSES (TL bn) Relatively better efficiency ratios CUMULATIVE Currency YoY Adjusted* COST / INCOME +69% +65% Garanti Peer Avg. 76.4 64.7% 45.2 44.1% 47.7

  18. Slide 18: Sustained Sound Solvency

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 18 SUSTAINED SOUND SOLVENCY NEW TIER-2 ISSUANCE IS SET TO POSITIVELY IMPACT 3Q CAPITAL RATIOS SOLVENCY RATIOS (without BRSA’s forbearance) 2024 – 1H25 CAR EVOLUTION (Consolidated, without BRSA’s forbearance) 18.2% 16.2% 15.6% 1.99% -0.15% -0.75% 14.7% -2.

  19. Slide 19: 1H25 in Summary: Unmatched Leadership Sustained

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 19 1H25 IN SUMMARY: UNMATCHED LEADERSHIP SUSTAINED 1 Sustained & Sequentially Resillient NII Growing core banking revenue Leader in TL loans & deposits increasing core banking 5.1% +61% YoY; Reflects strong relationship, revenues NIM incl. swap digital em

  20. Slide 20: Going Forward

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 20 GOING FORWARD…NIM HEADWINDS IS LIKELY TO BE MITIGATED BY LARGE TICKET PROVISION RELEASES AND ROBUST FEE GROWTH 2025 OPERATING PLAN GUIDANCE TL Loan Growth >avg. CPI On track (YoY) FC Loan Growth Better than guidance largely due to EUR/USD parity Low-te

  21. Slide 21: Q&A Session

    $iGaranti BBVA Q&A SESSION

  22. Slide 22: Appendix

    Appendix P G . 23 Sector Breakdown of Gross Loans P G . 28 Securities Portfolio P G . 24 FC Loan Breakdown P G . 29 Summary Balance Sheet P G . 25 Maturity Profile of External Debt P G . 30 Summary P&L P G . 26 Adjusted L/D and Liquidity P G . 31 Key Financial Ratios Coverage Ratios, P G . 32 Quarte

  23. Slide 23: Appendix: Sector Breakdown of Gross Loans

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 23 APPENDIX: SECTOR BREAKDOWN OF GROSS LOANS % SHARE COVERAGE RATIO SECTOR BREAKDOWN OF GROSS LOANS1 Key Sectors Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 TL 1.9tr Retail 84% 11% 5% 0.7% 6.9% 65.8% Energy 74% 23% 2% 0.3% 17.7% 84.0% Construction 3.0

  24. Slide 24: Appendix: Closely Monitored and Well-Provisioned FC Loans

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 24 APPENDIX: CLOSELY MONITORED AND WELL-PROVISIONED FC LOANS FC PERFORMING LOANS (38% of total performıng loans) US$ 21.1bn MITIGATION OF FX RISK - TIMELY DELEVERAGING (in $ bn) US$ GBI and GB Romania loan placements 8.1bn Natural hedge 170.0 151.5 20.0 +

  25. Slide 25: Appendix: Maturity Profile of External Debt

    1H25 BRSA BANK-ONLY EARNINGS PRESENTATION 25 APPENDIX: MATURITY PROFILE OF EXTERNAL DEBT WHOLESALE FUNDING BREAKDOWN MATURITY PROFILE OF EXTERNAL DEBT (US$ billion) 0.75 Securitisation; 24% 0.2 Syndication; 12% Bilateral MTN Covered Bond Secured Finance Securitisation Syndication Subdebt Eurobond Po

  26. Slide 26: Appendix: Adjusted LDR and Liquidity Coverage Ratios

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 26 APPENDIX: ADJUSTED LDR AND LIQUIDITY COVERAGE RATIOS Loans funded via long-term on B/S alternative funding sources ease LDR (TL billion) Total 2,680 2,680 Loans / 82% Adjusted 69% Deposits: LDR 2,193 - 3.8 0.0 - 127.2 TL MM - 76.9 - 126.6 TL Loans / TL

  27. Slide 27: Appendix: Market Shares

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 27 APPENDIX: MARKET SHARES Market Shares among private banks1 Dec-24 Mar-25 June-25 QoQ D YtD D Rank TL Performing Loans 21.8% 21.7% 21.7% 1 bps -8 bps #1* FC Performing Loans 15.4% 15.6% 15.6% 7 bps 18 bps #2* Consumer Loans inc. Consumer CCs 22.7% 22.7%

  28. Slide 28: Appendix: Securities Portfolio

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 28 APPENDIX: SECURITIES PORTFOLIO TOTAL SECURITIES (TL bn) TL SECURITIES (TL bn) FC SECURITIES (US$ bn) 13% of Total Assets +6% -3% +5% +8% +9% +3% +3% +3% 306.1 298.5 288.5 481.1 266.6 2.8 3.6 -10% 6% 257.7 1.8 -1% 13% 460.3 + + 409.9 421.3 1.8 396.6 Con

  29. Slide 29: Appendix: Summary Balance Sheet

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 29 APPENDIX: SUMMARY BALANCE SHEET (TL billion) ASSETS 30.06.2024 30.09.2024 31.12.2024 31.03.2025 30.06.2025 Cash & Cash Equivalents 272.2 341.8 301.0 367.8 375.2 Balances at CBRT 313.1 325.0 322.1 494.1 478.6 Securities 396.6 409.9 421.3 460.3 481.1 Gro

  30. Slide 30: Appendix: Summary P&L

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 30 APPENDIX: SUMMARY P&L QUARTERLY P&L CUMULATIVE P&L TL Million 1Q25 2Q25 QoQ 1H24 1H25 YoY (+) Net Interest Income including Swap costs 37,506 38,834 4% 37,384 76,340 104% (+) NII excluding CPI linkers' income 31,108 34,924 12% 39,990 66,032 65% (+) Inc

  31. Slide 31: Appendix: Key Financial Ratios

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 31 APPENDIX: KEY FINANCIAL RATIOS Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Profitability ratios ROAE (Cumulative)1 35.0% 33.4% 33.0% 30.6% 30.7% ROAA (Cumulative)1 3.7% 3.5% 3.5% 3.2% 3.1% Cost/Income 42.3% 42.7% 44.1% 46.4% 47.7% Liquidity ratios Loans / Depos

  32. Slide 32: Appendix: Quarterly & Cumulative Net CoR

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 32 APPENDIX: QUARTERLY & CUMULATIVE NET CoR (Million TL) (Million TL) Quarterly Net Expected Credit Loss 2Q24 3Q24 4Q24 1Q25 2Q25 Cumulative Net Expected Credit Loss 1H25 (-) Expected Credit Losses (-) Expected Credit Losses 12,844 11,185 18,095 23,812 18

  33. Slide 33: Disclaimer Statement

    1H25 BRSA CONSOLIDATED EARNINGS PRESENTATION 33 DISCLAIMER STATEMENT Türkiye Garanti Bankasi A.Ş. (“Garanti BBVA”) has prepared this presentation document (the “Document”) thereto for the sole purposes of providing information which include forward looking projections and statements relating to Gara

Turkiye Garanti Bankasi A.S. — 1H25 Earnings Presentation on 6ix