Turkiye Vakiflar Bankasi Turk Anonim Ortakligi · BIST:VAKBN
Turkiye Vakiflar Bankasi Turk Anonim Ortakligi — Türkiye Vakıflar Bankası T.A.O. (VakıfBank) — Q1 2026 Earnings Presentation
25 slides from Turkiye Vakiflar Bankasi Turk Anonim Ortakligi's earnings presentation, June 2026
Slide 1: Investor Presentation
Investor Presentation Investor Presentation June 2026 1
Slide 2: Agenda: Macroeconomic Overview, VakıfBank at a Glance, Financial Statements
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 5.3 -9,254 4.5 4.6 4.6 4.7 -15,027 -14,549 3.8 -20,979 3.2 3.4 2.8 -23,734 2.3 2.5 2.5 -27,700 -26,935 -32,879 -36,984 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 Oct-
Slide 4: Turkish Banking Sector
Investor Presentation Turkish Banking Sector TL Performing Loans (TL billion) Turkish Banking Sector Key Ratios (%) RoAE NIM 15,841 14,560 13,153 10,145 10,890 11,983 35.2 8,592 8,918 9,453 26.3 26.7 27.2 7.1 6.1 5.2 4.9 1Q24 2Q24 3Q24 YE24 1Q25 2Q25 3Q25 YE25 1Q26 YE23 YE24 YE25 1Q26 YE23 YE24 YE25
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 1Q26 (%) Strong Local Franchise & International Presence in 9 countries Cologne Branch of VakıfBank Int. AG Free Float Vienna Branch of Other (Group D) VakıfBank Int. AG Shareholders of Group B-C (Group A-B) 7.
Slide 7: 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 8: 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 9: Ratings & Outstanding Eurobonds
Investor Presentation Ratings & Outstanding Eurobonds Ratings Moody’s (30 July 2025) Fitch Ratings (14 April 2026) JCR Eurasia ( 24 June 2024) 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 L
Slide 10: 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 #2nd 5,550 5,388 3,449 12% 3,404 12% Market 13% Market 13% Share 4,021 Share 2,538 Market Market 3,087 Share Share 2,925 13% 12% 13% Market Mark
Slide 11: Strong Positioning in Key Segments
Investor Presentation Strong Positioning in Key Segments SME Loans (TL billion) Commercial & Corporate Loans (TL billion) #1 #1 #1 #1 Ranking #3 #2 #2 #2 Ranking Market Market 12.1 12.8 14.3 13.7 14.4 13.6 14.5 14.5 Share (%) Share (%) 1,446.7 1,355.8 886.9 929.9 Total foreign trade 990.7 transactio
Slide 12: Well positioned TL security portfolio
Investor Presentation Well positioned TL security portfolio Total Securities (TL billion) Portfolio Structure 21% 1% 1,199.7 1,217.1 1% 1,007.8 39% 58% 41% 657.1 707.5 60% 395.7 5.4 9.5 9.8 1Q25 1Q26 606.7 533.1 499.8 Trading AFS HTM Trading AFS HTM 1Q25 4Q25 1Q26 AFS Trading HTM Security Breakdown
Slide 13: Composition of asset & liabilities
Investor Presentation Composition of asset & liabilities Breakdown of Assets (%) Currency Breakdown of Total Assets and Liabilities Other 20.6 Assets The share of IEAs Interbank 86% Loans 1.9 55.6 in total assets 38% 62% 1Q26 The biggest listed bank in 1Q26 terms of asset size with Securities 11.2%*
Slide 14: NIM evolves in line with guidance despite conservative CPI estimate
Investor Presentation NIM evolves in line with guidance despite conservative CPI estimate CPI Expectation Net Interest Margin Assuming with %25 CPI estimate 4.6 4.9 4.1 4.4 Vs. ~4.5% 3.7 3.4 2026 FY expectation 2.3 2.4 1Q25 2025 1Q26 1Q26 adj. NIM Swap Adj NIM Total Money Market Funding TL Core Spre
Slide 15: Limited yet increased and expected levels of NPL ratio
Investor Presentation Limited yet increased and expected levels of NPL ratio NPL (TL million) NPL Ratios (%) 18,797 6,615 9 99,397 Average of NPL 3.61 3.68 ratio between 87,224 Commercial 2008-2019**: 12% & Corp. Sector* 3.21 4.3% 35% SME 2.90 3.12 53% Retail 2.05 1Q25 4Q25 1Q26 NPL 4Q25 New NPL Wri
Slide 16: Deposit portfolio shifted in favor of more granular base
Investor Presentation Deposit portfolio shifted in favor of more granular base Total Deposits (TL billion) Breakdown of Deposits 29% 69% 59% 3,449 3,404 31% 41% Sector 1,010 1,067 2,633 ‘Precious TL Deposits FC Deposits 356.2 434.7 metal ’ TL Deposits FC Deposits 721 175.9 FC TL 67% Share of demand
Slide 17: Ytd international funding exceeded USD 2.9 billion
Investor Presentation Ytd international funding exceeded USD 2.9 billion Breakdown of International Funding Short term Long term $7.4 billion $16.7 billion Tier II Eurobond International Funding 2.9% 10.4% Private Placement Syndication 14.3% In March, EUR 1.5 billion fresh funding via 8.1% partial I
Slide 18: Solvency ratios
Investor Presentation Solvency ratios Capital Adequacy Ratio (%) CET I 9.1 10.0 9.4 Required CET I Consolidated CET1 ratio is level 8.5% ~35 bps higher than bank-only CET1 ratio Tier I 11.2 12.6 11.9 Required Tier I level 10% 13.5 14.8 14.1 BRSA Rec. 12% The effect of The effect of +/- 100 bps +/- 1
Slide 19: Financial Statements
Investor Presentation Appendix Macroeconomic Overview VakıfBank at a Glance & Key Highlights Financial Statements 19
Slide 20: Conservative CPI valuation & outstanding free provisions
Investor Presentation Conservative CPI valuation & outstanding free provisions provides potential net income base to offset uncertainty Annual Net Income (TL billion) ROAE % 20.0 35.4 15.0 28.2 Outstanding 25.9 TL 8 billion 18.4 9.0 free provisions 16.0 1Q25 1Q25 adj.* 1Q26 1Q25 1Q25 2025 1Q26 1Q26*
Slide 21: 1Q26 P&L details
Investor Presentation 1Q26 P&L details YoY 1Q25 1Q26 TL million vs. TL million QoQ Total free provisions in 1Q26: TL 8 billion 156% 21,017 Net Interest 53,849 (19%) Income Free Provisions 26% Net Fee and 19,338 0% YE22 TL 19 billion 15,370 Commissions 2 2Q23 -TL12.3 billion* 22939% Dividend 386 5496
Slide 22: Unconsolidated Key Financial Ratios
Earnings Presentation Bank-Only YE25 Unconsolidated Key Financial Ratios 1Q25 4Q25 1Q26 Profitability ROAE 35.4% 38.4% 18.4% ROAA 2.0% 2.2% 1.1% Cost / Income 32.2% 37.1% 45.5% Cost / Avg. Assets 2.4% 2.7% 2.9% Fee / Cost 63.0% 55.8% 49.6% NIM 2.3% 6.0% 4.6% Swap-adj NIM* 2.4% 5.4% 4.1% Liquidity Lo
Slide 23: Unconsolidated Balance Sheet
Investor Presentation Unconsolidated Balance Sheet (TL million, %) 1Q25 4Q25 1Q26 TL USD USD USD TL TL TL USD equivalent YoY QoQ YoY QoQ equivalent equivalent Cash & Balances with 645,729 16,989 897,166 20,881 843,521 18,964 30.63% (5.98%) 11.62% (9.18%) Central Bank Interbank 141,744 3,729 83,153 1
Slide 24: Unconsolidated Income Statement
Investor Presentation Unconsolidated Income Statement (TL million, %) 1Q25 4Q25 1Q26 YoY QoQ Net Interest Income 21,017 66,325 53,849 156.2% (18.8%) Swap Cost * 890 -5,960 -5,368 (702.8%) (9.9%) Net Fee & Com. Income 15,370 19,373 19,338 25.8% (0.2%) Dividend Income 2 7 386 22939.4% 5495.5% Net Trad
Slide 25: 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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