Turkiye Vakiflar Bankasi Turk Anonim Ortakligi · BIST:VAKBN
Turkiye Vakiflar Bankasi Turk Anonim Ortakligi — Q2 2025 Earnings Presentation
26 slides from Turkiye Vakiflar Bankasi Turk Anonim Ortakligi's earnings presentation, September 2025
Slide 1: Investor Presentation
Investor Presentation Investor Presentation September 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 -7,506 -14,298 -12,081 5.3 -16,334 -18,786 4.6 4.9 4.8 4.1 4.0 -27,310 3.3 3.2 -33,754 2.8 2.3 2.3 -46,783 -54,399 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-
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 5.3 5.2 19.7 17.1 17.6 18.0 4.9 16.4 4.7 4.8 13.5 15.6 13.3 13.8 14.1 1Q24 1H24 YE24 1Q25 1H25 1Q24 1H24 YE24 1Q25 2Q25 1H2
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 2Q25 (%) 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 6.4 (Group A-B) VakıfBank Int. A
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 20% customers with high-volume foreign trade transactions to ~USD 25 billion in 1H25 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 (%) 62.12 62.12 67.27 84.82 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 4,555 2,925 4,021 11% 2,538 Market 13% Share 2,440 Market 3,026 2,003 Share 12% 2,009 13% Market 12% 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 13.7 Market 12.7 14.4 13.6 13.9 Market Share (%) Share (%) 667.7 549.2 1,191.8 Total foreign trade 988.1 388.2 transaction
Slide 13: Well positioned TL security portfolio
Investor Presentation Well positioned TL security portfolio Total Securities (TL billion) Portfolio Structure 44% 1% 1% 1,072.5 1,007.8 915.4 8.7% 39% 47% 743.3 395.7 505.4 382.6 52% 60% 332.4 5.4 2.4 8.2 5.8 530.4 606.7 558.9 1Q25 2Q25 405.1 Trading AFS HTM Trading AFS HTM 2Q24 4Q24 1Q25 2Q25 AFS T
Slide 14: Composition of asset & liabilities
Investor Presentation Composition of asset & liabilities Breakdown of Assets (%) Currency Breakdown of Total Assets Total assets exceeded 2Q25 Other TL 4.5 trillion 21.1 Loans The biggest listed bank Interbank 39% 53.6 in terms of 2Q25 61% 1.8 asset size with 11.5%* market share Securities 23.5 The
Slide 15: Best-in-class quarterly NIM improvement driven by TL core spread expansion
Investor Presentation Best-in-class quarterly NIM improvement driven by TL core spread expansion and CPI revaluation increase CPI Expectation Net Interest Margin +61 bps QoQ improvement 2Q25 NIM would be: 3.29% 2.93% 3.16% 2.77% NIM 2.41% 2.29% 2.82% 2.59% 2.32% 1.14% With 28.5% Oct-Oct Swap Adj. CP
Slide 16: Higher-than-budgeted net CoR reflects conservative provisioning policy
Investor Presentation Higher-than-budgeted net CoR reflects conservative provisioning policy NPL (TL million) Stage II Loans Breakdown (TL billion) 8.3 9.1 7.9 7.9 Share in total 4,151 loans (%) 20,009 9 62,649 Commercial 222.1 Total Stage II 18% & Corp. Loans 46,799 186.7 SME 35% 158.5 88.6 SICR 53
Slide 17: TL deposit portfolio exceeded TL 2 trillion level for the first time
Investor Presentation TL deposit portfolio exceeded TL 2 trillion level for the first time Total Deposits (TL billion) Breakdown of Deposits 36% 72% 62% 2,925 38% 2,633 28% 2,538 Sector 2,152 831 674 721 $ 20.9 FC TL Deposits FC Deposits TL Deposits FC Deposits $ 19.0 $ 19.0 702 TL Share of demand $
Slide 18: Ytd international funding amount: USD 8.5 billion
Investor Presentation Ytd international funding amount: USD 8.5 billion Breakdown of International Funding Tier II Eurobond Private Placement 3.2% 11.4% 16.3% Short term $7.8 billion Syndication Other International 8.9% Funding 0.5% Long term $14.1 billion USD 21.9 Repo billion as of 2Q25 Securitiza
Slide 19: Solvency ratios
Investor Presentation Solvency ratios Capital Adequacy Ratio (%) Bank-only + + Required CET1 solvency w/o BRSA CET I 10.54 10.73 11.06 9.57 10.03 ratios w/o Incl. free prov. İmpact forbearance level 8.5% (%) BRSA (Bank-only) consolidated forbearance solvency ratios Required Tier I Tier I 13.12 13.36
Slide 20: Appendix: Financial Statements
Investor Presentation Appendix Macroeconomic Overview VakıfBank at a Glance & Key Highlights Financial Statements 20
Slide 21: 2Q25 Earnings and profitability
Investor Presentation 2Q25 Earnings and profitability Annual Net Income (TL billion) Quarterly Net Income (TL billion) 57% 40% vs. 30.0 sector avg. of 20.0 35% vs. Adj w/free sector avg. of 19.2 provisions 5% 11.0 reversal contraction QoQ 10.0 TL 4 billion 7.2 free provisions in the b/s as of 2Q25 9
Slide 22: 2Q25 P&L details
Investor Presentation 2Q25 P&L details 2Q25 vs. 1H25 QoQ TL million TL million YoY 33% 27,961 Net Interest 48,979 35% Income Free Provisions 13% 17,346 Net Fees and 32,716 55% Commissions YE22 TL 19 billion 30576% 514 Dividend 516 352% 2Q23 -TL 12.3 billion* Income 4,214 Net Trading 4Q23 +TL 4.3 bil
Slide 23: Unconsolidated Key Financial Ratios
Investor Presentation Unconsolidated Key Financial Ratios 1H24 2024 1Q25 2Q25 1H25 Profitability ROAE 21.2% 20.7% 35.4% 16.7% 25.8% ROAA 1.3% 1.2% 2.0% 0.9% 1.4% Cost / Income 39.7% 40.2% 32.2% 45.9% 38.3% Cost / Avg. Assets 2.2% 2.2% 2.4% 2.6% 2.5% Fee / Cost 65.1% 63.4% 63.0% 61.5% 62.2% NIM 2.8%
Slide 24: Unconsolidated Balance Sheet
Investor Presentation Unconsolidated Balance Sheet (TL thousand, %) 2Q24 1Q25 2Q25 TL USD USD USD USD TL TL TL YoY QoQ YoY QoQ equivalent equivalent equivalent Cash & Balances with Central 591,900,126 18,041,720 645,729,359 16,989,498 794,062,027 19,954,446 34.2% 23.0% 10.6% 17.5% Bank Assets Interb
Slide 25: Unconsolidated Income Statement
Investor Presentation Unconsolidated Income Statement (TL thousand, %) 1H24 1Q25 2Q25 1H25 YoY QoQ Net Interest Income 36,327,630 21,017,161 27,961,420 48,978,581 34.8% 33.0% Swap Cost -20,971,564 890,470 -3,203,273 -2,312,803 (89.0%) (459.7%) Net Fee & Com. Income 21,134,778 15,370,482 17,345,666 3
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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