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, February 2026
Slide 1: Investor Presentation
Investor Presentation Investor Presentation February 2026 1
Slide 2: 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) 6.5 -9,788 -10,415 5.3 -13,397 4.6 4.9 4.7 -19,358 -20,328 -20,863 4.0 3.8 -25,207 3.3 3.4 -27,347 3.2 2.8 2.5 2.3 -41,541 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-
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 (%) 6.1 18.9 19.7 17.6 18.0 18.6 19.7 5.5 5.2 5.2 5.2 4.9 15.1 15.6 15.1 13.8 14.1 14.4 YE23 YE24 1Q25 1H25 9M25 YE25 YE23 YE24 1Q2
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 4Q25 (%) 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% customers with high-volume foreign trade transactions to ~USD 54 billion in 2025 Biggest trade house in Türkiye 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 (%) 63.53 63.53 67.27 67.27 76.20 76.20 68.57 68.57 99.50 99.66 96.73 98.81 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 BB- (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 5,388 3,449 11% Market 13% 4,021 Share 2,925 2,538 Market Share 3,026 12% 13% 2,003 13% Market Market Share 2,009 Share Market Share 1,499
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 12.0 12.1 12.8 14.3 Market 13.0 15.0 14.8 14.5 Market Share (%) Share (%) 886.9 1,355.8 Total foreign trade 990.7 546.6 transaction market
Slide 13: Well positioned TL security portfolio
Investor Presentation 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 2Q25 3Q25 4Q25 AFS
Slide 14: Composition of asset & liabilities
Investor Presentation 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 assets Securities T
Slide 15: Quarterly visible NIM improvement driven by TL core spread and CPI linkers
Investor Presentation 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 from CPI linker
Slide 16: NPL ratio increase moderated, supported by strong collections
Investor Presentation 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 Loans 233.8 20,0
Slide 17: Demand deposits exceeded TL 1 trillion level for the first time
Investor Presentation 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 ’ 674 267.0 203.7 136.4 FC TL
Slide 18: International funding obtained in 2025 exceeded USD 12.8 billion
Investor Presentation 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, the EUR 1.5 billi
Slide 19: Solvency ratios
Investor Presentation 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 13.53 11.79 12.43
Slide 20: Financial Statements
Investor Presentation Appendix Macroeconomic Overview VakıfBank at a Glance & Key Highlights Financial Statements 20
Slide 21: 2025 Earnings and profitability
Investor Presentation 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 2025 4Q24 3Q25
Slide 22: 4Q25 P&L details
Investor Presentation 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 Commissions YE22 TL 19
Slide 23: Unconsolidated Key Financial Ratios
Investor Presentation 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% 61.6% NIM 5.2%
Slide 24: Unconsolidated Balance Sheet
Investor Presentation 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 Interbank 200,
Slide 25: Unconsolidated Income Statement
Investor Presentation 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 20,604,518 19,372,72
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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