Turkiye Garanti Bankasi Anonim Sirketi · BIST:GARAN

Turkiye Garanti Bankasi Anonim Sirketi — Turkiye Garanti Bankasi A.S. — Q4 2025 Earnings Presentation

32 slides from Turkiye Garanti Bankasi Anonim Sirketi's earnings presentation, Feb 4, 2026

  1. Slide 1: 2025 Earnings Presentation & 2026 OP Guidance

    2025 EARNINGS PRESENTATION & 2026 OP GUIDANCE Based on BRSA Consolidated Financials February 4th, 2026

  2. Slide 2: Macro Recap

    ${Garanti BBVA MACRO RECAP

  3. Slide 3: Turkish Economy (I/II)

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 3 TURKISH ECONOMY (I/II) GDP GROWTH CBRT FUNDING RATE & CPI EXPECTATIONS (YoY) (End of the Period) 90% 5.0% CBRT Funding Rate 80% Annual CPI 4.0% 70% 3.7% 60% 3.3% 50% 37.0% 40% 32.0% 30% 20% 30.9% 25.0% 10% 0% Dec-23 Dec-21 Sep-21 Dec-22 Sep-23 Sep-22 De

  4. Slide 4: Turkish Economy (II/II)

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 4 TURKISH ECONOMY (II/II) CA DEFICIT / GDP (year end) CG BUDGET DEFICIT / GDP (year end) 2023 2024 2025E 2026F 2023 2024 2025E 2026F -0.7% -1.6% -2.9% -1.8% -3.5% -5.1% -4.7% -3.6% -41bn$ -10bn$ -24bn$ -31bn$ Under the assumption of strong tourism revenue

  5. Slide 5: 2025 Financials

    ${Garanti BBVA 2025 FINANCIALS

  6. Slide 6: Earnings Outperformance Sustained in 2025

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 6 EARNINGS OUTPERFORMANCE SUSTAINED IN 2025 NET INCOME (TL bn) 2025 ROAE 2025 ROAA +21% 29% 2.9% excl. tax regulation* impact: 30% 111.3 4Q25 26.8 29.0 *tax regulation impact ~30% in 2025 OP 92.2 3Q25 30.9 2Q25 28.2 CET-1 LEVERAGE 1Q25 25.4 13.1% 9.2x 202

  7. Slide 7: Consistent Delivery of Robust Core Banking Revenue

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 7 CONSISTENT DELIVERY OF ROBUST CORE BANKING REVENUE 8 consecutive quarters of core banking revenue growth CORE BANKING REVENUE (TL bn) QUARTERLY CUMULATIVE  YoY Core Banking 300.4 +66% Revenue 4Q vs. 3Q 142.6 +189% Core NII Core Banking +11% Revenue 89.

  8. Slide 8: Higher Yielding Customer-Oriented Assets Driving the Growth

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 8 HIGHER YIELDING CUSTOMER-ORIENTED ASSETS DRIVING THE GROWTH Favorable securities mix with lower CPI and increased FC share PERFORMING LOANS (TL, US $ billion) ASSET BREAKDOWN QoQ YoY Fixed Assets & Other (incl. 2,632 +9% +51% NPLs); 6.2% 2,410 Subs. ; 1

  9. Slide 9: Strengthened Leadership in TL Loans, Driven by Consumer & SME Loans

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 9 STRENGTHENED LEADERSHIP IN TL LOANS, DRIVEN BY CONSUMER & SME LOANS TL PERFORMING LOAN BREAKDOWN TL PERFORMING LOAN GROWTH (63% of total performing loans) >avg. CPI Consumer (exc. CCs) in 2025 OP TL Business (incl. SMEs & Corporate CCs) 63% Consumer Cre

  10. Slide 10: Increase in Stage 2 Mainly Stems from Consumer & Credit Card Flows

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 10 INCREASE IN STAGE 2 MAINLY STEMS FROM CONSUMER & CREDIT CARD FLOWS LOANS & RECEIVABLES PORTFOLIO (TL bn) STAGE-2 BREAKDOWN (TL bn) 278bn 253bn Stage 1, 209bn 2,446 42% 41% SICR1 Stage 2, (Quantitative) 56% 278 TL 2,811bn 33% 35% Stage 3 Restructured 25

  11. Slide 11: NPL Flow Faring as Expected

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 11 NPL FLOW FARING AS EXPECTED NPL EVOLUTION (TL bn) QUARTERLY TOTAL PROVISION 25.7 19.1 20.7 21.8 86.8bn TL New NPL 104.1bn TL adj. w/ WD* Collection -5.5 -6.3 -6.5 -7.5 NPL sale -3.0 -1.7 -4.7 -3.3 Write-down 4Q25 1Q25 2Q25 3Q25 4Q25 (adj. w/ WD*) TOTAL

  12. Slide 12: Cost of Risk Closed the Year Better Than the Guidance

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 12 COST OF RISK CLOSED THE YEAR BETTER THAN THE GUIDANCE NET PROVISIONS & NET COR excl. CURRENCY (TL bn) QUARTERLY CUMULATIVE <2% in 2025 OP 1.5% 2.08% 0.8% 1.39% 1.12% 1.32% 34.9 14.1 6.6 8.1 6.1 11.6 1Q25 2Q25 3Q25 4Q25 2024 2025 Currency depreciation i

  13. Slide 13: Strategically Managed Funding Structure

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 13 STRATEGICALLY MANAGED FUNDING STRUCTURE - Customer-driven and expanding deposit base LIABILITIES & SHE BREAKDOWN TL CUST. DEPOSITS (TL bn) QoQ YoY (51% of total deposits) +9% +35% 1,615 Total Demand Deposits; 1,486 Other ; 28.1% Total 1,198 4.4% 1,334

  14. Slide 14: Strategically Managed Funding Structure: Well-Diversified Funding Mix

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 14 STRATEGICALLY MANAGED FUNDING STRUCTURE - Well-diversified funding mix EXTERNAL DEBT BREAKDOWN EXTERNAL DEBT VS. FC QUICK LIQUIDITY1 Securitisation; 17% $7.1bn FC Liquidity Buffer Secured Finance; Syndication; 9% 2% $3.5bn $6.3bn ST External Debt Exter

  15. Slide 15: A Proven Legacy: NII (incl. Swap costs) Doubled YoY

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 15 A PROVEN LEGACY: NII (incl. Swap costs) DOUBLED YoY NIM INCL. SWAP COST1 NET INTEREST INCOME INCL. SWAP COST (TL BN) QUARTERLY CUMULATIVE CUMULATIVE 179.2 +60bps QoQ +123bps YoY 5.9% 5.4% 5.3% NII Incl. Swap cost 94.1 4.1% 219.5 NII (excl. CPI 5.7% 6.0

  16. Slide 16: Robust Contribution from Payment Systems Continued

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 16 ROBUST CONTRIBUTION FROM PAYMENT SYSTEMS CONTINUED – although with a decelerating pace in 4Q NET FEES & COMMISSIONS (TL bn) NET F&C BREAKDOWN1 QUARTERLY CUMULATIVE +5% QoQ +50% YoY Payment Systems, Cash Loans, 7.1% 145.5 67.5% >avg. CPI Non-Cash Loans,

  17. Slide 17: Cost Growth Is Progressing in Line with Expectations

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 17 COST GROWTH IS PROGRESSING IN LINE WITH EXPECTATIONS Strategic Non-HR Spending to Support Long-Term Revenues OPERATING EXPENSES (TL bn) QoQ QUARTERLY 54.6 +15% 2025 Cost/Income 47.6 +14% 48.8% 36.5 Non-HR 32.1 Bank-only: 46.9% HR 15.5 18.1 +17% 3Q25 4Q

  18. Slide 18: Sustained Sound Solvency

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 18 SUSTAINED SOUND SOLVENCY SOLVENCY RATIOS (without BRSA’s forbearance)* 2024 – 2025 CAR EVOLUTION (Consolidated, without BRSA’s forbearance) 18.2% 17.5% 16.3% CET1 14.7% 13.1% Sub Debt 12.7% Amortization Dividend CAR 18.2% Net & tender Payment Market &

  19. Slide 19: Strong Track Record of Delivering Results Right On

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 19 IN SUMMARY, STRONG TRACK RECORD OF DELIVERING RESULTS RIGHT ON 2025 REVISED 2025 REVISED 2025 GUIDANCE GUIDANCE REALIZATION TL Loan Growth Beat driven by consumer loans & credit (YoY) >avg. CPI +45% cards FC Loan Growth High-teens +18% In line (in US$,

  20. Slide 20: 2026 Operating Plan Guidance

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 20 2026 OPERATING PLAN GUIDANCE 2026 OPERATING PLAN MACRO FORECAST GUIDANCE POLICY RATE & INFLATION EXPECTATIONS TL Loan Growth (YoY) + 30-35% 38% FC Loan Growth Mid single digit 37% 36% (YoY, in US$) (bank-only) 35% Net Cost of Risk 34% 33.5% 2 - 2.5% 33

  21. Slide 21: Q&A Session

    %{Garanti BBVA Q&A SESSION

  22. Slide 22: Appendix

    Appendix P G . 23 Sector Breakdown of Gross Loans P G . 27 Securities Portfolio P G . 24 FC Loan Breakdown P G . 28 Summary Balance Sheet P G . 25 Maturity Profile of External Debt P G . 29 Summary P&L P G . 26 Market Shares P G . 30 Key Financial Ratios P G . 31 Quarterly & Cumulative Net Cost of R

  23. Slide 23: Appendix: Sector Breakdown of Gross Loans

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 23 APPENDIX: SECTOR BREAKDOWN OF GROSS LOANS % SHARE COVERAGE RATIO SECTOR BREAKDOWN OF GROSS LOANS1 Key Sectors Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 TL 2.3tr Retail 82% 13% 5% 0.4% 5.8% 64.1% Energy 67% 30% 3% 0.3% 19.9% 67.7% Construction 2.6

  24. Slide 24: Appendix: Closely Monitored and Well-Provisioned FC Loans

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 24 APPENDIX: CLOSELY MONITORED AND WELL-PROVISIONED FC LOANS FC PERFORMING LOANS (37% of total performıng loans) US$ 22.8bn FC LOANS (in $ bn) US$ GBI and GB Romania loan placements 9.1bn Natural hedge + 170.0 157.1 20.0 Sector1 133.8 US$ 13.7 bn 120.5 18

  25. Slide 25: Appendix: Maturity Profile of External Debt

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 25 APPENDIX: MATURITY PROFILE OF EXTERNAL DEBT MATURITY PROFILE OF EXTERNAL DEBT (US$ billion) 0.75 0.2 Bilateral MTN Covered Bond Secured Finance Securitisation Syndication Subdebt Eurobond Postfinance $5.1 $3.1 $0.5 $1.1 $1.1 $1.0 $0.7 $0.2 $1.7 $0.4 $0

  26. Slide 26: Appendix: Market Shares

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 26 APPENDIX: MARKET SHARES Market Shares among private banks1 Dec-24 Sep-25 Dec-25 QoQ  YoY  Rank TL Performing Loans 21.8% 22.0% 22.1% #1* 7 bps 28 bps FC Performing Loans 15.4% 15.9% 16.1% 21 bps 62 bps #2* Consumer Loans inc. Consumer CCs 22.7% 23.1%

  27. Slide 27: Appendix: Securities Portfolio

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 27 APPENDIX: SECURITIES PORTFOLIO TOTAL SECURITIES (TL billion) TL SECURITIES (TL billion) FC SECURITIES (US$ billion) +13% 12% of Total Assets +7% +31% +4% 326.2 305.7 +36% 288.5 7.7 -4% 531.1 550.1 6.1 Consolidated + 1.8 + 318.5 + 5.4 299.6 5.2 421.3 41

  28. Slide 28: Appendix: Summary Balance Sheet

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 28 APPENDIX: SUMMARY BALANCE SHEET (TL billion) ASSETS 31.12.2024 31.03.2025 30.06.2025 30.09.2025 31.12.2025 Cash & Cash Equivalents 301.0 367.8 375.2 419.3 437.8 Balances at CBRT 322.1 494.1 478.6 514.5 568.3 Securities 421.3 460.3 481.1 531.1 550.1 Gro

  29. Slide 29: Appendix: Summary P&L

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 29 APPENDIX: SUMMARY P&L QUARTERLY P&L CUMULATIVE P&L TL Million 3Q25 4Q25 QoQ 2024 2025 YoY (+) Net Interest Income including Swap costs 46,493 56,326 21% 94,117 179,160 90% (+) NII excluding CPI linkers' income 46,715 55,471 19% 81,222 168,218 107% (+)

  30. Slide 30: Appendix: Key Financial Ratios

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 30 APPENDIX: KEY FINANCIAL RATIOS Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Profitability ratios ROAE (Cumulative)1 33.0% 30.6% 30.7% 30.9% 29.1% ROAA (Cumulative)1 3.5% 3.2% 3.1% 3.1% 2.9% Cost/Income 44.1% 46.4% 47.7% 48.3% 48.8% Liquidity ratios Loans / Depos

  31. Slide 31: Appendix: Quarterly & Cumulative Net CoR

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 31 APPENDIX: QUARTERLY & CUMULATIVE NET CoR (Million TL) (Million TL) Quarterly Net Expected Credit Loss 1Q25 2Q25 3Q25 4Q25 Cumulative Net Expected Credit Loss 2025 (-) Expected Credit Losses (-) Expected Credit Losses 23,812 18,511 17,859 20,065 80,246

  32. Slide 32: Disclaimer Statement

    2025 BRSA CONSOLIDATED EARNINGS PRESENTATION 32 DISCLAIMER STATEMENT Türkiye Garanti Bankasi A.Ş. (“Garanti BBVA”) has prepared this presentation document (the “Document”) thereto for the sole purposes of providing information which include forward looking projections and statements relating to Gara

Turkiye Garanti Bankasi A.S. — Q4 2025 Earnings Presentation on 6ix