Turkiye Vakiflar Bankasi Turk Anonim Ortakligi · BIST:VAKBN
Turkiye Vakiflar Bankasi Turk Anonim Ortakligi — Türkiye Vakıflar Bankası T.A.O. (VakıfBank) — 3Q25 Earnings Presentation
26 slides from Turkiye Vakiflar Bankasi Turk Anonim Ortakligi's earnings presentation, November 2025
Slide 1: Investor Presentation
Investor Presentation Investor Presentation November 2025 1
Slide 2: Agenda: Macroeconomic Overview
Investor Presentation Appendix Macroeconomic Overview VakıfBank at a Glance & Key Highlights Financial Statements 2
Slide 3: Macro Trends
Investor Presentation Macro Trends GDP (y-y, %) CAD (million USD) 7.6 6.5 -9,748 -10,412 5.3 -13,382 4.6 4.9 4.8 -19,303 -20,146 -20,802 4.1 4.0 3.3 -27,279 3.2 2.8 2.3 2.3 -41,469 -47,578 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-
Slide 4: Turkish Banking Sector
Investor Presentation Turkish Banking Sector Lending Growth (%) Turkish Banking Sector Key Ratios (%) VB Sector VB Sector Capital Ratios NIM QoQ (%) QoQ (%) YoY (%) YoY (%) 5.2 5.5 19.7 18.6 18.2 18.0 4.9 4.5 15.6 14.3 14.1 14.4 9M24 2024 1H25 9M25 9M24 2024 1H25 9M25 CAR CET1 L/D Ratios RoAA 89.5 8
Slide 5: VakıfBank at a Glance & Key Highlights
Investor Presentation Appendix Macroeconomic Overview VakıfBank at a Glance & Key Highlights Financial Statements 5
Slide 6: Ownership Structure & Overseas Activities
Investor Presentation Ownership Structure & Overseas Activities Ownership Structure as of 3Q25 (%) Strong Local Franchise & International Presence in 8 countries Cologne Branch of Free Float VakıfBank Int. AG Other (Group D) Shareholders of Vienna Branch of Group B-C (Group A-B) 7.9% VakıfBank Int.
Slide 7: Strong penetration across all segments thanks to sector-leading products
Investor Presentation 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% Biggest trade house in Türkiye customers with high-volume foreign trade transactions to ~USD 36 billion in 9M25 vs. with a market
Slide 8: VakıfBank Financial Group Subsidiaries
Investor Presentation VakıfBank Financial Group Subsidiaries Financial Subsidiaries Non-Financial Subsidiaries Bank’s Direct Consolidated Bank’s Direct Consolidated Share (%) Share (%) Share (%) Share (%) 62.12 62.12 67.27 67.27 92.10 94.46 68.57 68.57 99.50 99.66 96.73 98.76 77.14 77.14 100.00 100.
Slide 9: Strategic Priorities
Investor Presentation Strategic Priorities VakıfBank has 5 key corporate strategic priorities with sub-strategic targets ‒ Providing widespread and cost-effective funding at a granular level ‒ Supporting manufacturing, export, employment-related loan growth ‒ Increasing number of customers and trans
Slide 10: Ratings & Outstanding Eurobonds
Investor Presentation Ratings & Outstanding Eurobonds Ratings Moody’s Fitch Ratings JCR Eurasia Long-Term FC Deposit Ba3 (Stable) National Long-Term Rating AA (tur) (Stable) LT International FC Issuer Credit Rating BB (Stable) Short-Term FC Deposit NP Long-Term FC IDR B+ (Positive) LT International
Slide 11: Strong market shares in every field
Investor Presentation Strong market shares in every field Asset (TL Million) Loan (TL Million) Deposit (TL Million) #2nd #2nd #2nd #2nd #2nd #2nd #2nd #2nd #3rd 3,132 4,994 11% 2,538 13% Market 2,662 Market 4,021 Share Share 2,003 3,026 12% 2,009 13% Market 13% Market Share 1,499 Market Share 13% Sh
Slide 12: Strong Positioning in Key Segments
Investor Presentation Strong Positioning in Key Segments SME Loans (TL billion) Commercial & Corporate Loans (TL billion) #2 #1 #1 #1 Ranking #3 #3 #2 #2 Ranking 11.8 12.1 12.8 13.8 Market 12.7 14.4 13.6 14.3 Market Share (%) Share (%) 1,263.6 774.6 Total foreign trade 988.1 549.2 transaction market
Slide 13: Well positioned TL security portfolio
Investor Presentation Well positioned TL security portfolio Total Securities (TL billion) Portfolio Structure 37% 1,072.5 1,108.8 1% 1% 915.4 8.7% 47% 810.2 53% 505.4 588.9 46% 382.6 52% 345.3 2.4 8.2 9.2 2.3 530.4 558.9 510.7 2Q25 3Q25 462.6 Trading AFS HTM Trading AFS HTM 3Q24 4Q24 2Q25 3Q25 AFS T
Slide 14: Composition of asset & liabilities
Investor Presentation Composition of asset & liabilities Breakdown of Assets (%) Currency Breakdown of Total Assets Total assets reached 3Q25 Other TL 5 trillion 20.7 Loans The biggest listed bank Interbank 38% 53.3 in terms of 62% 3.8 3Q25 asset size with 11.5%* market share Securities 22.2 The sha
Slide 15: Ongoing NIM improvement & visible annual TL core spread expansion
Investor Presentation Ongoing NIM improvement & visible annual TL core spread expansion CPI Expectation Net Interest Margin* 3Q25 NIM would be: 3.61% ~4.7% 2.93% 2.69% 2.41%** 4.2% NIM 3.07% Swap Adj. 2.59% With 32.9% NIM 2.12% 2.32% Oct-Oct realized CPI 3Q24 1Q25 2Q25 3Q25 Additional interest incom
Slide 16: Strong collections & normalisation of asset quality metrics
Investor Presentation Strong collections & normalisation of asset quality metrics NPL (TL million) Stage II Loans Breakdown (TL billion) 9.1 8.8 8.0 7.9 Share in total loans (%) 19,175 10 5,925 75,889 233.8 Total Stage II 222.1 Loans Commercial 62,649 14% & Corp. 77.5 SICR 24% SME 158.5 88.6 33% 148
Slide 17: Total deposit portfolio exceeded TL 3 trillion level for the first time
Investor Presentation Total deposit portfolio exceeded TL 3 trillion level for the first time Total Deposits (TL billion) Breakdown of Deposits 23% 71% 61% 3,132 29% 39% 2,925 Sector 2,538 831 918 2,305 TL Deposits FC Deposits TL Deposits FC Deposits 674 $ 20.9 $ 22.1 FC 708 $ 19.0 TL $ 20.7 Share o
Slide 18: Ytd international funding amount: USD 11.4 billion
Investor Presentation Ytd international funding amount: USD 11.4 billion Breakdown of International Funding Tier II Eurobond Private Placement 3.1% 14.4% 16.5% Short term $8.3 billion Secured Syndication International Transactions 8.7% Funding 0.4% Long term $14.2 billion USD 22.5 Repo billion 16.8%
Slide 19: Solvency ratios
Investor Presentation Solvency ratios Capital Adequacy Ratio (%) Bank-only solvency w/o BRSA + + ratios w/o Incl. free prov. İmpact forbearance (%) BRSA (Bank-only) consolidated CET I 9.57 10.03 10.01 Required CET1 forbearance solvency ratios 10.73 11.06 level 8.5% Required Tier I CET I 9.01 9.16 9.
Slide 20: Appendix: Financial Statements
Investor Presentation Appendix Macroeconomic Overview VakıfBank at a Glance & Key Highlights Financial Statements 20
Slide 21: 3Q25 Earnings and profitability
Investor Presentation 3Q25 Earnings and profitability Annual Net Income (TL billion) Quarterly Net Income (TL billion) 54% vs. 48% 42.0 sector avg. of 45% 20.0 Free provision 11.0 reversal Sizeable impact from 11.9 27.2 interest income from CPI 10.0 linkers in 4Q25 8.0 TL 4 billion free provisions i
Slide 22: 3Q25 P&L details
Investor Presentation 3Q25 P&L details 3Q25 9M25 QoQ TL million vs. TL million YoY 33% Net Interest 86,059 53% 37,080 Income Free Provisions 19% 20,605 Net Fees and 53,321 61% Commissions YE22 TL 19 billion (100%) 2 Dividend 518 348% 2Q23 -TL 12.3 billion* Income Net Trading 4Q23 +TL 4.3 billion (12
Slide 23: Unconsolidated Key Financial Ratios
Investor Presentation Unconsolidated Key Financial Ratios 9M24 2024 2Q25 3Q25 9M25 Profitability ROAE 19.5% 20.7% 16.7% 18.7% 23.2% ROAA 1.1% 1.2% 0.9% 1.0% 1.2% Cost / Income 42.7% 40.2% 45.9% 48.4% 41.5% Cost / Avg. Assets 2.1% 2.2% 2.6% 2.6% 2.5% Fee / Cost 64.7% 63.4% 61.5% 67.1% 64.0% NIM 2.7%
Slide 24: Unconsolidated Balance Sheet
Investor Presentation Unconsolidated Balance Sheet (TL thousand, %) 3Q24 2Q25 3Q25 TL USD USD USD USD TL TL TL YoY QoQ YoY QoQ equivalent equivalent equivalent Cash & Balances with Central 696,809,067 20,381,507 794,062,027 19,954,446 823,808,718 19,812,014 18.2% 3.7% -2.8% -0.7% Bank Assets Interba
Slide 25: Unconsolidated Income Statement
Investor Presentation Unconsolidated Income Statement (TL thousand, %) 9M24 2Q25 3Q25 9M25 YoY QoQ Net Interest Income 56,116,929 27,961,420 37,080,177 86,058,758 53% 33% Swap Cost - 25,177,423 -3,203,273 - 5,560,935 - 7,873,738 (69%) 74% Net Fee & Com. Income 33,175,482 17,345,666 20,604,518 53,320
Slide 26: Investor Relations contact
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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