Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.Ş. (Halkbank) — Investor Presentation (September 2026)
49 slides from Turkiye Halk Bankasi Anonim Sirketi's investor presentation, Sep 2, 2026
Slide 1: Capital Markets Update: SME Banking Champion of Türkiye
Capital Markets Update SME Banking Champion of Türkiye 2 September 2026
Slide 2: Introduction to Today's Presenters
Introduction to Today’s Presenters 35 35 15 24 14 14 Yusuf Duran Ocak Miraç Taş Muharrem Baykara DEPUTY GENERAL MANAGER DEPUTY GENERAL MANAGER Head of DCM, IR & Research Financial Management International Banking Chief Economist • Responsible for Halkbank’s financial • Oversees Halkbank’s internatio
Slide 3: Today's Agenda
Today’s Agenda 1. Halkbank: The Leading SME Bank of Türkiye 2. Halkbank: Unique Investment Opportunity at its Inflection Point 3. Business Overview 4. Solid Financial Performance 5. Exciting Future Ahead 3
Slide 4: 1. Halkbank: The Leading SME Bank of Türkiye
1. Halkbank: The Leading SME Bank of Türkiye
Slide 5: Halkbank Has Served as the Engine of Türkiye's Productive Economy Since 1938
Halkbank Has Served as the Engine of Türkiye's Productive Economy Since 1938 Data as of Jun'2026, Consolidated 25mn 3.2mn 1,109 4,169 7.7mn 675k 22,551 Total Customers SME Customers Branches in Türkiye ATMs Credit Cards POS Terminals Total Employees(2) #1 SME Bank with 14.1% 7.5mn Digital Customers
Slide 6: Ranks Among Top Banks in Türkiye Across All Key Metrics
Ranks Among Top 5 Banks in Türkiye Across All Key Metrics Data as of Jun'2026, Consolidated TRY5tn | US$107bn TRY4tn | US$81bn TRY1tn | US$27bn Total Assets Total Deposits(1) Securities Portfolio(1) #4 #2 #3 Closing the gap with #3 Market Market Market 9.0% 11.6% 10.5% Share Share Share TRY1tn | US$
Slide 7: Strong Operational Momentum and Robust Profitability Metrics
Strong Operational Momentum and Robust Profitability Metrics Underpin a Resilient Financial Profile Data as of H1’2026, Consolidated TRY163bn| US$3.6bn TRY72bn|US$1.6bn TRY250bn|US$5.6bn 64.8% Net interest income (ann.) Net fee & commission income (ann.) Gross operating income (ann.) Cost / Income 9
Slide 8: A Rich Pedigree Built on Trust and a National Mandate
A Rich Pedigree Built on Trust and a National Mandate and Now Poised to Open a New Chapter TWF Ownership Merger with Pamukbank (Retail Banking Know-how) The Turkish Treasury transferred its stake in Halkbank to Türkiye 96 branches taken over Wealth Fund pursuant to the Law from Emlakbank No. 6741 in
Slide 9: 2. Unique Investment Opportunity at its Inflection Point
2. Halkbank: Unique Investment Opportunity at its Inflection Point
Slide 10: The Leading SME Bank of Türkiye: A new chapter unlocks
The Leading SME 1 A new chapter unlocks for Halkbank Bank of Türkiye Strong, resilient and fast-growing economy with a large, young and 2 tech-savvy population and a still underpenetrated banking market Halkbank is Türkiye's unrivalled SME banking champion, anchoring the real 3 economy through its f
Slide 11: 9-Year Legal Case Resolved in Favor of Halkbank
1 9-Year Legal Case Resolved in Favor of Halkbank... The legal case filed against Halkbank in the United States in 2017 has been resolved favorably for Halkbank Under the terms of the settlement agreement, Halkbank was not subject to any penalty or conviction Halkbank will not pay any judicial or ad
Slide 12: Prolonged Process Caused Halkbank to Lag Behind Sector Peers
1 ... Yet the Prolonged Process Caused Halkbank to Lag Behind Sector Peers FX Wholesale Funding on the Balance Sheet TRY Time Deposits Share on the Balance Sheet(1) Loan-to-Deposit Ratio 18% 114% 106% 39% 15% 87% 14% 27% 30% 66% v 25% 5% Halkbank Sector Halkbank Sector Halkbank Sector Halkbank Secto
Slide 13: Turning a New Page: Halkbank's Path Forward
1 Turning a New Page: Halkbank's Path Forward Wholesale Funding and Capital Strengthening Deposit Mix Rebalancing Funding Mix Optimization Renewed access to international funding and Regained access to international capital markets will As policy rates normalize, the deposit mix is expected strength
Slide 14: Türkiye: Strong Market With Robust Economy and Favourable Demographics
2 Türkiye: a Strong Market With a Robust Economy and Favourable Demographics US$1.6tn US$15.9k 4.8% US$874bn Nominal GDP GDP per capita Real GDP growth rate Nominal private consumption (2025) (2025) (2026E-2030E) (2025) 16th largest globally ▲ 18.5% vs 2024 86mn 34.9 142mn 96% Population Median age
Slide 15: A Large and Attractive Market Poised for Sustained Growth
2 A Large and Attractive Market Poised for Sustained Growth Largest Population in Europe(1) One of the Fastest-Growing Economies in Europe (Population, 2025, mn) (26E – 30E, Population Growth) (Real GDP Growth, 26E-30E) (Nominal GDP, 25A, US$bn) 0.3% 0.3% (0.4%) (0.1%) (0.4%) 0.1% 0.5% (0.3%) 1,597
Slide 16: Stabilizing Macro Indicators and Improving Business Environment
2 Stabilizing Macro Indicators and Improving Business Environment Sustained Economic Growth Return to Positive Real Interest Rates (Real GDP Growth, 2020-2025) (Jan’2020 – Jul’2026) Real GDP Growth Estimates CBRT Inflation Estimates(1) 11.4% 5.3% 28% 3.3% 4.3% 85.5% 15% 9% 26E 27E 28E 26E 27E 28E 5.
Slide 17: Highly Underpenetrated Market with Significant Unbanked Population
2 Highly Underpenetrated Market with Significant Unbanked Population Poised for Growth Underpenetrated Market with Headroom to Grow Indebtedness Remains Low vs Benchmarks (Debt/GDP, %, Mar’2026) 113% 400% 94% 64% 70% 68% 69% 49% 44% 39% 40% 300% 1,596 1,358 1,153 200% 868 730 100% 0% 2015 2020 2023
Slide 18: SME's Champion at the Heart of Türkiye's Real Economy
3 SME's Champion Positioned at the Heart of the Growth Engine of Türkiye's Real Economy Data as of Jun'2026. 14.1% c. 3.2mn 20.6% 54% Halkbank’s market share SME Halkbank’s market share in loans to SME Loans as a percentage of in SME Loans Customers women entrepreneurs(1) total business loan book(2)
Slide 19: Nationwide Physical Distribution Network
4 Nationwide Physical Distribution Network... Halkbank’s Extensive Physical Footprint... ...Acting as a Powerful Distribution Engine Reaching every corner of Türkiye including underserved and rural areas where SMEs and cooperatives are abundant Outcompeting digital-only banks where in-person relatio
Slide 20: Complemented by a Growing Digital Customer Base
4 ...Complemented by a Growing Digital Customer Base Increased Active Digital Customers Penetration Growing Share of Mobile Banking Transactions (% of Total Retail Customers) (Average Digital Transactions Per Day(2), mn) 7.5mn 90% Active Digital Customers of Digital Transactions from Mobile 34% 10.5
Slide 21: Strong and Experienced Management Team
5 Strong and Experienced Management Team Focused on Delivering Value to Shareholders 40 15 23 25 19 35 Recep Süleyman Özdil Dr. Ömer Emeç Mehmet Akif Dede Murat Yıldırım Caner Gökbulut Yusuf Duran Ocak General Manager and Board Deputy General Manager Deputy General Manager Deputy General Manager Dep
Slide 22: Strong Shareholder Backing and Government Support
5 Strong Shareholder Backing and Government Support Provide Structural Advantages Halkbank Shareholding Halkbank’s Structural Advantages Arising From Being a State-owned Bank Free float Cooperative Lending Tax & Public Fee Preferential Access Scheme Collection Rights to State Deposits 91.5% Exclusiv
Slide 23: 3. Business Overview
it) HALKBANK 3. Business Overview
Slide 24: A Diversified Financial Holding Beyond Banking
Halkbank: A Diversified Financial Holding Beyond Banking A B C D SME & Tradespeople Retail & Digital Corporate & Commercial Treasury & International Banking Banking Banking Banking SME Loans, Tradespeople Finance, Consumer Loans, Mortgages, Credit Corporate & Commercial Loans, Trade Securities, FX,
Slide 25: Undisputed #1 SME Bank in Türkiye
A Halkbank is the Undisputed #1 SME Bank in Türkiye Controlling More than 14% Market Share... Data as of Jun'2026. c. 3.2mn TRY1.0tn | US$22bn 54% 47% SME Customers SME Loan Book Share of the Total Business Loan Book(1) Share of the Total Loan Book SME Loans Evolution Strategic Priorities (TRYbn) (U
Slide 26: Exclusive Access to Cooperatives: Sole Bank of Artisans & Tradespeople
A ... Reinforced by its Exclusive Access to Cooperatives, Positioning Halkbank as the Sole Bank of Artisans & Tradespeople Data as of Jun'2026. 760k TRY299bn | US$6bn 12% c. 1k TRY30bn | US$633mn Cooperative Warranties Artisan & Tradespeople Customers Artisan & Tradespeople Loan Book Share of the To
Slide 27: Leading Women & Young Entrepreneurs Bank
A Halkbank is the Leading Women & Young Entrepreneurs Bank Supporting High-impact Segments Data as of Jun'2026. 281k + 218k TRY193bn | US$4bn 3% Women & Young Entrepreneurs Customers Women & Young Entrepreneurs Loan Book Share of the Total Loan Book Women & Young Entrepreneurs Loans Evolution(1) Hal
Slide 28: Strong Retail Customer Base with Headroom for Growth
B Halkbank has a Strong Retail Customer Base with Headroom for Growth Data as of Jun'2026. 21.9mn TRY275bn | US$6bn 7.7mn 675k 7.5mn Number of Active Retail Customers Retail Loan Book Number of Credit Card Customers Number of POS Terminals Digital Customers Retail Loans Evolution Strategic Prioritie
Slide 29: Growing Corporate and Commercial Business
C Halkbank Successfully Grows its Corporate and Commercial Business Capturing Larger Customer Segments Data as of Jun'2026. 56k + 31k TRY888bn | US$19bn 40% 8% Top-10 Borrowers’ Total Cash Loans Corporate & Commercial Customers Corporate & Commercial Loan Book Share of the Total Loan Book as a % of
Slide 30: Strong Treasury Division Managing a US$27bn Portfolio
D Business Functions are Complemented by Strong Treasury Division Managing a Portfolio of US$27bn... Data as of Jun'2026. TRY1.3tn | US$27bn US$2.1bn TRY341bn | US$7.3bn Total Securities Portfolio Cross-Currency and Collateralised Precious Metal Deposits(1) Funding Transactions Volume(1) Securities
Slide 31: International Banking Division Expanding Reach beyond Türkiye
D ... and International Banking Division Expanding Reach beyond Türkiye Data as of Jun'2026. 2 8 179 US$6.5bn US$1.0bn International / Foreign Number of Correspondent Banking Total Debt Issuance since 2023 Total Bilateral Loans since 2025 Subsidiaries Branches Relationships Debt Issuance Activity Ev
Slide 32: Young High-skill Workforce Serves as Engine for Strategic Agenda
Young High-skill Workforce Serves as a Powerful Engine to Deliver its Strategic Agenda Corporate Organization Workforce Composition General Manager breakdown HQ: 5,515 Employees Gender 48.9% Female SME Banking Retail and Private Banking 51.1% Male International Banking 76 122 62 Corporate and Commer
Slide 33: Operates as a Financial Holding Beyond Banking through Subsidiaries
Operates as a Financial Holding Beyond Banking through its Subsidiaries US$9bn 8% US$538mn Total Assets of Halkbank’s Total Assets Net Income (Jun'2026) (Jun'2026) (2025) 79.33% 2010 100% 1997 #3 US$2,375mn US$393mn US$1,684mn #3 US$309mn US$42mn 2.1% Net Income Total Assets Net Income Total RE Corp
Slide 34: 4. Solid Financial Performance
4. Solid Financial Performance
Slide 35: 4th Largest Bank in Türkiye with a Well-diversified Loan Book
: 4th Largest Bank(¹) in Türkiye in Terms of Total Asset Size with a Well-diversified Loan Book Evolution of Total Assets Evolution of Net Loans(2) (TRYbn) US$bn (TRYbn) US$bn 78 89 116 107 44 43 48 53 CAGR: 30.0% 2,471 CAGR: 36.3% 4,980 2,067 4,497 1,500 1,282 3,144 2,297 2023 2024 2025 Jun'2026 31
Slide 36: Funding Profile Benefits from Low-cost FX Deposits
Funding Profile Benefits from a Strong Contribution from Low-cost FX Deposits Evolution of Deposits Deposits by Currency Split (TRYbn) US$bn (Jun’2026, %) 66 70 84 81 Deposits FX as % of total 84.1% 78.3% 80.2% 76.1% 39% liabilities TRY CAGR: 30.9% 3,787 3,787bn 3,608 TRY 61% 2,461 2,674 71% 2,564 7
Slide 37: Healthy Net Interest Margin and Expected Benefit from Rate Cuts
Halkbank Maintained a Healthy Net Interest Margin over the Last Three Years and is Expected to Benefit from the Expected Rate Cut Cycle in the Near-to-medium Term Evolution of Interest Income Evolution of Net Interest Income(3) (TRYbn) US$bn (TRYbn) US$bn 13 21 24 24 1.9 1.3 2.5 3.6 Gross interest m
Slide 38: Strong Fee Generation Capability through Payment Systems
has a Strong Fee Generation Capability through Payment Systems and will Further Strengthen with a Stronger Penetration into Retail Credit Card Market Net Fees & Commissions Net Fees & Commissions / Avg. Assets (TRYbn) US$bn (%) 0.9 1.3 1.6 1.6 +0.4 p.p Net F&C income / 29.9% 44.7% 33.2% 28.9% 1.5% O
Slide 39: Growing Revenue Base while Enhancing Operational Efficiency
Halkbank has been Successfully Growing its Revenue Base while Enhancing its Operational Efficiency Evolution of Operating Income Evolution of Operating Expenses (TRYbn) US$bn (TRYbn) US$bn 2.9 2.9 4.8 5.6 2.1 2.0 2.9 3.6 CAGR: 46.4% 162 112 90 CAGR: 52.4% 250 64 60 51 15 31 33 72 20 32 52 2023 2024
Slide 40: Healthy Provisioning Buffers through Prudent Risk Approach
Halkbank Maintains Healthy Provisioning Buffers through its Prudent Risk Approach Evolution of Stagewise Gross Loans Evolution of Total Coverage Ratio (%) (%) Stage 3 coverage ratio 87.8% 63.6% 63.5% 63.2% 1.4% 2.0% 3.1% 3.5% 3.8% 6.5% 2.9% 3.2% 3.2% 8.7% 9.2% 9.5% 2023 2024 2025 Jun'2026 Evolution
Slide 41: Sustained Double-Digit Profitability and Further Enhancement
has Successfully Sustained Double-Digit Profitability in Recent Years and is Set for Further Enhancement through Several Structural Upsides Evolution of Net Income Return on Average Tangible Equity (TRYbn) US$bn (%) +1.2 p.p 16.2% 0.7 0.7 0.7 0.8 15.0% 14.6% 14.4% CAGR: 28.2% 35 27 2023 2024 2025 H1
Slide 42: Strengthen Capital Base through Secondary Public Offering Proceeds
will Strengthen its Capital Base Further through the Proceeds from Secondary Public Offering Evolution of Capital Adequacy Ratio Risk Weighted Assets Breakdown (%) (Jun’2026, %) Operational risk Removal of BRSA forbearance led to Market risk c.150bps decrease in capital ratios 2.5% 6.7% 14.7% 15.1%
Slide 43: 5. Exciting Future Ahead
it) HALKBANK 5. Exciting Future Ahead
Slide 44: Why Invest in Halkbank: Self-reinforcing Roadmap to Value Creation
Why Invest in Halkbank: a Self-reinforcing Roadmap from Funding Diversification to Long-term Value Creation International Re-engagement Sustainable Profitability and Higher Loan Growth to Support Funding Diversification Long-term Shareholder Value ✓ Full access to global funding markets ✓ Strengthen
Slide 45: Halkbank's 2026 and 2027 Expectations
Halkbank’s 2026 and 2027 Expectations FY26E FY27E LDR ~65% ~70% – 80% Balance sheet Stage 3 ratio(1) ~3.3% ~3.0% NIM (incl. swap costs, on avg. assets) ~2.7% ~3.5% – 4.0% Net F&C income / avg. assets ~1.6% ~1.6% – 1.8% Income statement Operating expenses / avg. assets ~3.5% ~3.2% – 3.5% Cost of risk
Slide 46: Medium-term Expectations on Key Ratios
Medium-term Expectations Medium-term Medium-termexpectations Expectations on on key Keyratios Ratios Expected target range Commentary Asset mix optimization to be supported by funding mix optimization and ease of Loan / total assets ~60% – 70% macroprudential measures Balance sheet Deposit / total l
Slide 47: Structural Upsides and Strategic Initiatives to Reach Medium-term Target
ill Benefit from Structural Upsides and Key Strategic Initiatives to Reach its Medium-term Target Key Pillars of Improvement in Bottom Line Profitability RoATE (%) +150 – 200 bps +200 – 250 bps +350 – 450 bps +500 – 600 bps +300 – 400 bps ~26% – 31% ~11% – 12% 2026E Strengthened capital NIM expansio
Slide 48: Q&A
it) HALKBANK Q&A
Slide 49: Contact and Disclaimer
For further information please contact halkbank.IR@halkbank.com.tr The information contained in this presentation has been prepared by Türkiye Halk Bankası A.Ş. (the "Bank") for informational purposes only. Although the information in this presentation has been obtained from sources which the Bank b
Türkiye Halk Bankası A.Ş. (Halkbank) — Investor Presentation (September 2026) on 6ix