Turkiye Vakiflar Bankasi Turk Anonim Ortakligi · BIST:VAKBN
Turkiye Vakiflar Bankasi Turk Anonim Ortakligi — Türkiye Vakıflar Bankası T.A.O. (VakıfBank) — 4Q25 Earnings Presentation
26 slides from Turkiye Vakiflar Bankasi Turk Anonim Ortakligi's earnings presentation, Feb 9, 2026
Slide 1: Earnings Presentation BRSA Bank-Only 4Q25
Earnings Presentation BRSA Bank-Only 4Q25 February 9, 2026
Slide 2: 2025 Earnings and profitability
Earnings Presentation Bank-Only YE25 2025 Earnings and profitability Annual Net Income (TL billion) Quarterly Net Income (TL billion) 73% 170% vs. TL 8 billion sector avg. of 70.1 free provisions 9% in the b/s as of 2025 32.1 TL 4.0 free vs. bn provisions 40.4 sector avg. of 43% 28.1 13.2 11.9 2024
Slide 3: Key highlights of 2025
Earnings Presentation Bank-Only YE25 Key highlights of 2025 Solid quarterly earnings enabled full year guidance to materialize TL 70.1 YE25 net income materialized at TL 70.1 billion, which is up Excluding the additional TL 25.9% 2025 ROAE came at 25.9% vs 2024 billion Additional by 73% YoY vs the s
Slide 4: 4Q25 P&L details
Earnings Presentation Bank-Only YE25 4Q25 P&L details QoQ 4Q25 2025 YoY An additional TL 4 billlion free TL million vs. TL million provisions were set aside in 4Q25, brings the total to TL 8 billion 79% Net Interest 54% 66,325 152,384 Income Free Provisions (6%) Net Fee and 56% 72,693 19,373 Commiss
Slide 5: Quarterly visible NIM improvement driven by TL core spread and CPI linkers
Earnings Presentation Bank-Only YE25 Quarterly visible NIM improvement driven by both TL core spread expansion and additional income from CPI linkers CPI Expectation Quarterly Net Interest Margin 6.0% NIM 5.2% Swap 5.4% Adj. 4.5% 3.6% NIM 2.9% 2.6% 3.1% 4Q24 2Q25 3Q25 4Q25 4Q25 NIM Drivers ~150 bps
Slide 6: Robust fee & commission income performance outperforming the sector average
Earnings Presentation Bank-Only YE25 Robust fee & commission income performance outperforming the sector average Net F&C Income Breakdown (TL billion) 56% vs. sector avg. of 72.7 50% YoY 46.5 20.6 19.4 2024 3Q25 4Q25 2025 Insurance Insurance 5.1% 4.8% Cash Loans Cash Loans 34.0% 34.0% 2024 Payment P
Slide 7: Maintained level of cost/income ratio
Earnings Presentation Bank-Only YE25 Maintained level of cost/income ratio Opex (TL billion) Cost / Income (%) Cumulative 61% vs. 45.9 48.4 sector avg. of 37.1 40.0% 32.2 118.0 HR 1Q25 2Q25 3Q25 4Q25 45.1 73.3 38% 30.0 41% Non-HR 72.9 43.4 62% 59% 2024 2025 Opex Breakdown (%) Quarterly 13% Advertise
Slide 8: Increasing market share in the non-retail loan portfolio
Earnings Presentation Bank-Only YE25 Increasing market share in the non-retail loan portfolio Portfolio Breakdown QoQ Loan Growth 4Q25 7% YoY growth: Com.&Corp. 38% Total Loans 3Q25 7% 50% TL 1,459 billion TL Loans 2Q25 11% FC Loans ($) 1Q25 8% Non-retail loans Retail loans YoY growth: 62% 30% 4Q25
Slide 9: Breakdown of loan portfolio
Earnings Presentation Bank-Only YE25 Breakdown of loan portfolio Currency Breakdown Loan / Deposit Ratio (%) Loans/Deposits 79 83 85 85 85 62% 38% 108 113 110 110 TL Loans FC Loans ($) 88 81 69 72 74 75 8% 6% QoQ Growth 5% 9% 10% 10% 8% 3% 1Q25 2Q25 3Q25 4Q25 1Q25 2Q25 3Q25 4Q25 4Q24 2Q25 3Q25 4Q25
Slide 10: NPL ratio increase moderated, supported by strong collections and slower NPL inflows
Earnings Presentation Bank-Only YE25 NPL ratio increase moderated, supported by strong collections and slower NPL inflows NPL (TL million) Stage II Loans Breakdown (TL billion) Nominal NPL 46,799 62,649 75,889 87,224 Share in total 9.1 8.8 9.0 loans (%) 7.9 1Q25 2Q25 3Q25 4Q25 262.8 Total Stage II L
Slide 11: Demand deposits exceeded TL 1 trillion level for the first time
Earnings Presentation Bank-Only YE25 Demand deposits exceeded TL 1 trillion level for the first time Total Deposits (TL billion) Breakdown of Deposits 36% 71% 61% 3,449 29% 39% 3,132 Sector 2,925 1,010 2,538 918 ‘Precious 355.4 TL Deposits FC Deposits TL Deposits FC Deposits 831 metal ’ 674 267.0 20
Slide 12: Strong penetration across all segments thanks to sector-leading products
Earnings Presentation Bank-Only YE25 Strong penetration across all segments thanks to sector-leading products V-PART Total volume of FX money V-PART enables non-retail transfers is 19% customers with high-volume foreign trade transactions to ~USD 54 billion in 2025 Biggest trade house in Türkiye vs.
Slide 13: The amount of international funding obtained in 2025 exceeded USD 12.8 billion
Earnings Presentation Bank-Only YE25 The amount of international funding obtained in 2025 exceeded USD 12.8 billion Breakdown of International Funding Short term Long term $8.5 billion $15.1 billion Tier II Eurobond International Funding 3.0% Private Placement 13.8% 17.0% Syndication In December, th
Slide 14: Solvency ratios
Earnings Presentation Bank-Only YE25 Solvency ratios Capital Adequacy Ratio (%) + Bank-only solvency Incl. free prov. impact (%) ratios w/o (Bank-only) BRSA forbearance CET I 11.06 9.57 10.03 10.01 11.42 Required CET I level 8.5% Consolidated Required Tier I CET I ~10.0 ~10.2 CET1 ratio is Tier I 13
Slide 15: Appendix
Earnings Presentation Bank-Only YE25 Appendix Pg. 16 Sustainable banking approach Pg. 17 Sustainable loan products Pg. 18 Sustainable customer base thanks to enhanced digital platforms Pg. 19 Composition of asset & liabilities Pg. 20 Well positioned TL security portfolio Pg. 21 Breakdown of retail l
Slide 16: Sustainable banking approach
Earnings Presentation Bank-Only YE25 Sustainable banking approach Indices & initiatives Sustainability Ratings Firsts in sustainable banking The first Turkish bank to have its targets validated by Total ESG Score: 60 in 2025 Science Based Targets initiative (SBTi) Scope 3 Scope 3 Scope 1 Electricity
Slide 17: Sustainable Loans & Products
Earnings Presentation Bank-Only YE25 Sustainable Loans & Products Women in Business Loan Environment-Friendly Auto Loan For a business that is managed or owned by For retail customers; hybrid and electrical vehicles women, having less than 250 employees and which have much less carbon emissions. com
Slide 18: Sustainable customer base thanks to enhanced digital platforms
Earnings Presentation Bank-Only YE25 Sustainable customer base thanks to enhanced digital platforms ATMs Branch Call Center Digital banking customers (mn)* 9% 7% 1% 8.6 8.1 7.6 6.7 Mobile 6.0 4Q25 Banking 32% 44% 51% Internet Banking 2021 2022 2023 2024 2025 54,868 daily average call 93% Non-branch
Slide 19: Composition of asset & liabilities
Earnings Presentation Bank-Only YE25 Composition of asset & liabilities Breakdown of Assets (%) Currency Breakdown of Total Assets and Liabilities Total assets reached USD 125 billion Assets 4Q25 Liabilities Other 21.9 The share of IEAs 62% 38% 39% Loans 61% Interbank 85% 54.3 1.5 4Q25 in total asse
Slide 20: Well positioned TL security portfolio
Earnings Presentation Bank-Only YE25 Well positioned TL security portfolio Total Securities (TL billion) Portfolio Structure 31% 1% 1% 1,108.8 1,199.7 1,072.5 8.7% 915.4 55% 53% 44% 46% 657.1 505.4 588.9 382.6 2.4 8.2 9.5 9.2 4Q25 3Q25 530.4 558.9 510.7 533.1 Trading AFS HTM Trading AFS HTM 4Q24 2Q2
Slide 21: Breakdown of retail loan portfolio
Earnings Presentation Bank-Only YE25 Breakdown of retail loan portfolio Total Retail (TL billion) Breakdown of Retail Loans 44% Auto Overdraft 0.3% QoQ YoY 578.9 23% GPC (8%) (66%) 534.6 1.8 Auto 25% 505.0 62.4 Mortgage 1.9 8% 22% 2.9 58.0 4Q25 57.4 GPC 15% 47% 402.5 143.2 124.6 Mortgage 5.3 109.2 5
Slide 22: Diversified funding sources via non-deposit funding
Earnings Presentation Bank-Only YE25 Diversified funding sources via non-deposit funding Subordinated Bonds & Eurobonds TL 4,250 million & USD 700 million outstanding Tier II and TL 5 billion & EUR 700 million & USD 1,050 million outstanding AT1 Instrument ISIN Issuance Date Amount (million) Currenc
Slide 23: Unconsolidated Key Financial Ratios
Earnings Presentation Bank-Only YE25 Unconsolidated Key Financial Ratios 4Q24 2024 3Q25 4Q25 2025 Profitability ROAE 25.0% 20.7% 18.7% 38.4% 25.9% ROAA 1.4% 1.2% 1.0% 2.2% 1.5% Cost / Income 35.5% 40.2% 48.4% 37.1% 40.1% Cost / Avg. Assets 2.3% 2.2% 2.6% 2.7% 2.5% Fee / Cost 60.2% 63.4% 67.1% 55.8%
Slide 24: Unconsolidated Balance Sheet
Earnings Presentation Bank-Only YE25 Unconsolidated Balance Sheet (TL thousand, %) 4Q24 3Q25 4Q25 TL USD USD USD USD TL TL TL YoY QoQ YoY QoQ equivalent equivalent equivalent Cash & Balances with Central 768,455,768 21,732,592 823,808,718 19,812,014 897,165,966 20,880,689 16.7% 8.9% (3.9%) 5.4% Bank
Slide 25: Unconsolidated Income Statement
Earnings Presentation Bank-Only YE25 Unconsolidated Income Statement (TL thousand, %) 2024 3Q25 4Q25 2025 YoY QoQ Net Interest Income 98,976,466 37,080,177 66,325,282 152,384,040 54.0% 78.9% Swap Cost * -30,272,779 -5,560,935 -5,959,998 -13,833,736 (54.3%) 7.2% Net Fee & Com. Income 46,473,551 20,60
Slide 26: For Earnings Presentations: Investor Relations
For Earnings Presentations: A member of BIST Sustainability Index Investor Relations Finanskent Mahallesi Finans Caddesi No:40/1 Ümraniye / İstanbul E-mail: investorrelations@vakifbank.com.tr Tel (90-216) 724 2685 Fax (90-216) 724 3941 www.vakifbank.com.tr Disclaimer Notice: This report has been pre
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