Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q4 2025 Earnings Presentation
35 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, February 2026
Slide 1: Corporate Banking Investment Banking Advisory Services
Corporate Banking Investment Banking Advisory Services
Slide 2: TSKB at a Glance
TSKB at a Glance 4 Turkey wis Bank Group Ratings TSKB UA Lyle oe Shareholding Z fakifban! Structure Fitch LTFC BB- BB- Free Float* & Other Moody’sLTIR Ba3 Ba3 SAHA Corporate Governance Rating yy *TRY 39.4 bn MCAP. . 5 Sustainalytics ESG te / As of Feb. 3** 2026 Risk Rating Ys CORPORATE BANKING INVES
Slide 3: A Unique Business Model
A Unique Business Model = Long term tenor in liabilities: 9 years * Medium term in assets: 48 years = Diversified funding tools = Amortized loan book = Multi-disciplinary assessment during allocation = Sector specific research analysts during allocation and monitoring period = Strong collateralizati
Slide 4: Main Stakeholders of the Bank
Main Stakeholders of the Bank A trustworthy partner in; Large Corporates, MidCap Companies & SME's Its field experience Cooperation in various areas such as; corporate loans, investment banking activities and advisory services Ministry of Treasury and Finance Its capacity to introduce innovative the
Slide 5: Sustainability is Well Integrated into Our Business Model
Sustainability is Well Integrated into Our Business Model health and safety © Supporting less developed regions Support for employment in Turkey; ® Encouraging women participation to the economy PRB Support transition to low ye carbon economy © Providing financing to operational Environmental & Soci
Slide 6: TSKB Sustainability Journey
TSKB Sustainability Journey - | + First Turkish Bank with First Carbon Neutral Bank of Signatory of IDFC Climate Turkey successful ISO 14064 declaration Environmental Factor in Credit * Greenhouse Gas + BIST Sustainability Index Appraisal Process Emissions Audit * Women’s Empowerment Environmental M
Slide 7: • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 8: SDG-Linked Financing Target Realization
$10 $9 $8 71% $7 $6 52% $5 42.5% $4 28% $3 14% $2 $1 $0 2021 2022 2023 2024 2025 2030 Target Financing (billion USD) USD 10 Billion SDG-Linked Financing Target - Realization (%) $4 $3 43% $2 18% $1 $0 2024 2025 2030 Target Financing (billion USD) USD 4 Billion Climate Financing Target - Realization
Slide 9: Main developments that stood out in 4Q25
Main developments that stood out in 4Q25 Strong liquidity & well Accelerated qoq FX loan diversified funding capacity: Outstanding profitability rowth, with 12M new long With EUR 550 mn funding from continued to differentiate from 9 lo disb KfW and IBRD Partial the sector with 5.6% NIM, and term oan
Slide 10: Financial Guidance (Bank Only) YE25
Financial Guidance YE25 Figures YE25 Guidance (Bank Only) % % Growth FX Adjusted Loan Growth 11.2 Low Teens Profitability Net Interest Margin 5.6 ~5 Fees & Commissions Growth -17 ~ CPI Return On Equity 29.3 ~30 Efficiency OPEX Growth 53 > CPI Solvency* Capital Adequacy Ratio 20.3 ~21.0 Tier I Ratio
Slide 11: TSKB has continued to deliver above market ROEs for the last 3 consecutive years
TSKB has continued to deliver above market ROEs for the last 3 consecutive years ROE 177) C32% ROE >S, js when free Us 38.5% ' provision stock \, isreleased = 30.5% 29.3% YE Industry * 27.5%) HU) YpyuyyywwWW/_ i Average / \ | ! Strong coverage base, : | free provision stock will | ! further support
Slide 12: Banking Sector vs TSKB
AP Banking Sector vs TSKB CAR* Loans/Assets Total Coverage Ratio 20.3% 72.2% 19.7% 45% Dy 3.4% Banking Sector TSKB Banking Sector TSKB Banking Sector TSKB *Reported figures Cost to Income ROE NPL** 41.0% 27.5% 29.3% 25% 2.4% 17.1% a nm Banking Sector TSKB Banking Sector TSKB ey pss **TSKB has no NPL
Slide 13: Maturity Profile of External Debt - USD mn
Maturity Profile of External Debt - USD mn -59 DFI Funding -380 -261 -432 -115 -300 -360 -126 Eurobond & PP -700 Money Market Funding -3,139 Subordinated Debt Syndication & P/N etc. to 12 months 1 to 3 years 3 to 5 years >5 years
Slide 14: DFI Funding Breakdown
IBRD 46.9% ✓ AIIB 10.5% JBIC 9.5% ✓ KfW 7.3% ✓ AFD* 6.6% ✓ ✓ EBRD* 5.8% ✓ EIB 3.4% ✓ IsDB ✓ 3.1% IFC* 2.9% ✓ CDB 2.2% OeEB* 1.7% CEB 0.1%
Slide 15: Outstanding Project Themes Shaping Future Loan Book
VS Outstanding Project Themes Shaping Future Loan Book Energy and Resource Efficiency Women’s Employment and Equal Opportunity Renewable Energy Midcap Financing Supporting Exporters Regional Development Supporting Employment Sustainable Agriculture Industrial Development Sustainable Tourism Occupati
Slide 16: Sustaining Growth Through a Healthy Asset Base
Sustaining Growth Through a Healthy Asset Base Asset Composition -TL bn Total Loans - TL bn Currency Breakdown Loan Growth 235.9 217.9 > 6% Yeo we © E 5.08 5.28 Mie eS 40-24 30-25 4Q-25 40-24 30-25 40-25 mLoans —mSecurities © =Cash&MM —_m Non IEAs & Other =FXLoans($) = TL Loans 4Q-25 Loans by Curren
Slide 17: Risk Management Pillars
Risk Management Pillars Credit Risk * Monitoring the clients individually with analysing the financials * Preparing monitoring reports for the clients at least once a year * Keeping track of internal and external (if it is done) ratings of the customers, reviewing the internal ratings annually * Act
Slide 18: ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 19: Loan Sector Breakdown
Electricity Generation 29.7% 6% 11% Metal & Machinery 8.8% 2% 2% Logistics 6.9% 4% 2% Finance 6.8% 4% Chemistry & Plastics 19% 6.3% Construction Materials 5.7% 10% • Electricity/Gas Distr. 5.6% • Health 4.7% • 7% 9% Textile 6% 6% 4.7% • Food & Beverage 4.6% • Non-residential Real Estate 3.8% Tourism
Slide 20: Renewable Energy Financing by Source
1.9 bn 1.9 bn 1.9 bn 1.9 bn 1.7 bn 1.6 bn 1.9 bn 6% 7% 8% 11% 5% 6% 15% 21% 21% 9% 11% 12% 6% 35% 9% 37% 39% 36% 37% 40% 47% 19% 20% 19% 19% 19% 17% 13% 35% 31% 24% 23% 17% 13% 14% 2019 2020 2021 2022 2023 2024 2025 Hydro Geothermal Wind Biomass Solar • •
Slide 21: Total Provision and Coverage by Stage
4Q-24 3Q-25 4Q-25 Total Provision* (mn TL) 8,027 7,826 10,594 Stage 1 929 997 1,008 Stage 2 3,883 5,076 5,353 Stage 3 3,215 1,753 4,233 4Q-24 3Q-25 4Q-25 Total Coverage 4.8% 3.6% 4.5% Stage 1 0.6% 0.5% 0.5% Stage 2 34.1% 32.9% 31.6% Stage 3 87.5% 92.9% 74.1% • • • •
Slide 22: Strategically managed security portfolio generated a consistent contribution to NIM during 2025
Strategically managed security portfolio generated a consistent contribution to NIM during 2025 Total Securities Portfolio Breakdown TL Securities Portfolio Breakdown* TL51.1bn TL 52.6 bn TL41.5bn J 16 r 46% in FX yy 5.0 years 62% p 54% in TL Floating 1.8 years 40-24 30-25 40-25 40-24 30-25 4Q-25 mT
Slide 23: Core banking income demonstrated 37% yoy and 23% qoq expansion
Core banking income demonstrated 37% yoy and 23% qoq expansion Tm 12m24 12m.25 (UVGVEN) «= 3025 aa2s asa Net Interest Income 11,968 14,646 22% 3,697 3,962 7% Trading Income/Loss 1,143 1,986 74% 241 1,121 365% Net Fees & Commissions 514 426 -17% 140 124 -11% Other Income (Inc. Dividend) 895 2,836 217
Slide 24: Annualized NIM
Annualized NIM 1.2% 1.1% 1.0% 0.9% CPI Impact Core NIM 4.5% 4.6% 4.7% 4.7% 1Q25 2Q25 3Q25 4Q25 ✓ • • ✓
Slide 25: Capital Ratios Without BRSA Temporary Measures
Capital Ratios Without BRSA Temporary Measures CAR Evolution
Slide 26: Financial Guidance (Bank Only) YE26
Financial Guidance YE26 Guidance (Bank Only) % Growth FX Adjusted Loan Growth Low Teens Profitability Net Interest Margin ~4.5 Fees & Commissions Growth > 50 Return On Equity ~ 25 Efficiency OPEX Growth > Average CPI Solvency Capital Adequacy Ratio ~19.0 Tier I Ratio ~18.0 Asset Quality NPL Ratio ~
Slide 27: 2S BS Q gf x
2S BS Q gf x
Slide 28: Appendix: Balance Sheet
28 Appendix: Balance Sheet Cash and Banks Securities Loans (Gross) Provisions Subsidiaries Other Total ST Funds LT Funds Securities Issued Repo & MM Other Subordinated Debt Shareholders’ Equity 1,928 22,207 13,889 - 3,534 9,619 5,933 50,041 23,961 52,579 235,880 - 10,614 14,306 10,545 326,657 19,112
Slide 29: Appendix: Detailed Income Statement
Appendix: Detailed Income Statement TLmn 12M-24 12M-25 YoY 3Q-25 4Q-25 QoQ Net Interest Income inc. Swap Cost 11,968 14,646 22% 3,697 3,962 7% Nil exc. CPI & Swap cost 10,889 14,713 35% 4,063 4A75 10% CPI Linkers Income 4,248 3,032 -29% 640 844 32% Swap Costs (-) 3,168 3,099 -2% 1,006 1,358 35% Net
Slide 30: Appendix: Evolution of strategically managed Interest Earning Assets
30 Appendix: Evolution of strategically managed Interest Earning Assets Interest Earning Assets (bn TL) 281 296 208 v Interest Earning Assets were up by 5% QoQ and 42% YoY, which was driven by * High FX denomination * Growth strategy 4Q-24 3Q-25 4Q-25 mLiquid Assets mSecurities = Loans
Slide 31: Appendix: Stage Loans Breakdown
31 Appendix: Stage 2 Loans Breakdown Stage 2 Loans Sector % Coverage (%) Electricity Generation 44 34 Non-residential Real Estate 32 23 Electricity/Gas Distribution 14 51 Telecom/Logistics 3 8 Automotive Supply Industry 3 30 Metal and Machinery 2 10 Health 1 50 Other 1 40 TOTAL 100 32 59% of Electri
Slide 32: Provisions and Cost of Risk 12M25
Provisions (TL mn) 12M25 Stage 1* 120 Stage 2** 1,471 Stage 3 2,668 Reversals*** (TL mn) -1,658 Net CoR 130 bps Currency Impact 75 bps Net CoR excl. Currency Impact 55 bps
Slide 33: SDG-linked Financing
SDG-linked Financing 2024 EFR Consistently 70% 6 Capital Element Target Completed Situation 10 ongoing Number 52% 7.0 43% 5.2 4 18% 1.7 0.7 2024 2025 2030 Goal SDG-linked Financing (USD bn) Climate and Environment-Focused SDG-Linked Financing (USD Disbursements vs Targets Chart bn) 5,000 4,745 120.0
Slide 34: Appendix: ESG Ratings
Appendix: ESG Ratings L SUSTAINALY TICS FTSE4Good Constituent company in the FTSE4Good Index Series (YX | Sustainable / Fitch Sustainable Fitch 3 (62/100) First place in Turkiye Above global average ROY LSEG Rikivics Listed in Global 100 Most LSEG ESG Score Sustainable Corporations in the 84 PIII II
Slide 35: Disclaimer
This presentation document is prepared for informational purposes only and contains certain forward-looking comments, opinions, and forecasts. These reflect the views of Türkiye Sınai Kalkınma Bankası A.Ş. ("TSKB") as of the date of this presentation and contain certain assumptions. Although the inf
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