Turkiye Garanti Bankasi Anonim Sirketi · BIST:GARAN

Turkiye Garanti Bankasi Anonim Sirketi — Turkiye Garanti Bankasi A.S. — Q1 2026 Earnings Presentation

29 slides from Turkiye Garanti Bankasi Anonim Sirketi's earnings presentation, Apr 29, 2026

  1. Slide 1: 1Q26 Earnings Presentation

    1Q26 EARNINGS PRESENTATION Based on BRSA Consolidated Financials April 29th, 2026

  2. Slide 2: Macro Outlook

    ${Garanti BBVA MACRO OUTLOOK

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

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 3 TURKISH ECONOMY (I/II) GDP GROWTH CBRT FUNDING RATE & CPI EXPECTATIONS (YoY) (End of the Period) 90% CBRT Funding Rate 5.0% 80% Annual CPI 70% 4.0% 3.6% 60% 3.3% 50% 38.0% 40% 35.0% 30% 30.9% 28.5% 20% 10% 0% Jun-26 Jun-22 Dec-22 Sep-23 Jun-25 Jun-23 Ju

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

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 4 TURKISH ECONOMY (II/II) CA DEFICIT / GDP (year end) CG BUDGET DEFICIT / GDP (year end) 2023 2024 2025 2026F 2023 2024 2025 2026F -1.0% -1.9% -2.9% -3.2% -3.5% -3.6% -4.7% -5.1% -42bn$ -13bn$ -30bn$ -58bn$ Increased energy prices, tighter external Fiscal

  5. Slide 5: 1Q26 Financials

    ${Garanti BBVA 1Q26 FINANCIALS

  6. Slide 6: Strong Start To The Year Provides A Solid Base To Navigate Uncertainty

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 6 STRONG START TO THE YEAR PROVIDES A SOLID BASE TO NAVIGATE UNCERTAINTY NET INCOME (TL bn) CORE BANKING REVENUE (TL bn) +32% YoY QoQ YoY +25% QoQ 113.2 +11% +52% Core Banking 101.9 Revenue 33.6 74.6 +12% Core NII (incl. swap, 64.8 +57% excl. Net CPI impa

  7. Slide 7: Strong Customer-Driven Asset Base Supports Recurring Revenue Generation

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 7 STRONG CUSTOMER-DRIVEN ASSET BASE SUPPORTS RECURRING REVENUE GENERATION PERFORMING LOANS (TL, US $ billion) ASSET BREAKDOWN QoQ YoY Fixed Assets & Other (incl. 2,632 2,677 +7 % 1 +45% 1 Excl. Romania for fair comparison Subs. ; 1.7% NPLs); 6.1% $3.0 Tot

  8. Slide 8: Healthy Loan Growth With Preserved Focus On Spread Management

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 8 HEALTHY LOAN GROWTH WITH PRESERVED FOCUS ON SPREAD MANAGEMENT TL PERFORMING LOAN BREAKDOWN TL PERFORMING LOAN GROWTH (67% of total performing loans) Consumer (exc. CCs) SME (BRSA TL Business (incl. SMEs & Corporate CCs) Mortgage, 6.1% Consumer Credit Ca

  9. Slide 9: Flows To Stage 2 & 3 Stemming From Consumer & Credit Cards

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 9 FLOWS TO STAGE 2 & 3 STEMMING FROM CONSUMER & CREDIT CARDS Increase in SICR portion reflects prudency LOANS & RECEIVABLES STAGE-2 BREAKDOWN (TL bn) NPL & NPL FLOW (TL bn, quarterly) PORTFOLIO BREAKDOWN (TL bn) (11% of gross loans) (3.2% of gross loans)

  10. Slide 10: Prudent Provisioning Policy Remains Intact

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 10 PRUDENT PROVISIONING POLICY REMAINS INTACT NET PROVISIONS & NET COR excl. CURRENCY (TL bn) QUARTERLY CUMULATIVE 2.03% 2.17% 2.03% Excl. Romania 1.44% Excl. Romania 1.44% 2.08% 1.94% 1.94% 1.37% 1.37% 14.1 13.6 13.6 6.5 6.5 1Q25 4Q25 1Q26 3M25 3M26 Curr

  11. Slide 11: Strategically Managed Funding Structure

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 11 STRATEGICALLY MANAGED FUNDING STRUCTURE - High share of free capital & demand deposits TL CUST. DEPOSITS (TL bn) QoQ YoY LIABILITIES & SHE BREAKDOWN (54% of total deposits) 1,692 +5% +20% 1,615 Other ; Total Demand 5.1% Deposits; 27.4% 1,414 Liabilitie

  12. Slide 12: Strategically Managed Funding Structure - Well-diversified funding mix

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 12 STRATEGICALLY MANAGED FUNDING STRUCTURE - Well-diversified funding mix EXTERNAL DEBT BREAKDOWN EXTERNAL DEBT VS. FC QUICK LIQUIDITY1 Securitisation; 18% $9.4bn FC Liquidity Buffer Syndication; 9% Secured Finance; 1% $3.7bn $5.8bn ST External Debt Exter

  13. Slide 13: Our Legacy: Highest Core NII Generation Capability Stands Firm

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 13 OUR LEGACY: HIGHEST CORE NII GENERATION CAPABILITY STANDS FIRM NIM INCL. SWAP COST1 NET INTEREST INCOME INCL. SWAP COST (TL BN, QUARTERLY) QUARTERLY +25bps QoQ 60.0 56.3 6.1% NII Incl. Swap cost 5.9% NII (excl. CPI 76.2 linkers’ net impact) 68.2 Core N

  14. Slide 14: Strength In Relationship Banking & Digital Empowerment Continue To Drive Fee Generation

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 14 STRENGTH IN RELATIONSHIP BANKING & DIGITAL EMPOWERMENT CONTINUE TO DRIVE FEE GENERATION NET FEES & COMMISSIONS (TL bn) NET F&C BREAKDOWN1 YoY Payment Systems +39% #1 +42% YoY +4% QoQ Cash Loans, 7.0% 42.9 Payment Money Transfer +41% #1 41.1 Systems, No

  15. Slide 15: Opex Under Control, 1Q Base Includes Salary Adjustment

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 15 OPEX UNDER CONTROL, 1Q BASE INCLUDES SALARY ADJUSTMENT OPERATING EXPENSES (TL bn) Currency QoQ YoY Adjusted* 54.6 54.3 54.3 (1%) +57% +54% 34.7 QUARTERLY 34.9 34.9 36.5 +62% ANNUAL (4%) Non-HR 21.6 Non-HR 18.1 19.4 +7% 19.4 +48% HR HR 13.1 4Q25 1Q26 3M

  16. Slide 16: Robust Solvency Reflects Capital-Generative Growth Strategy

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 16 ROBUST SOLVENCY REFLECTS CAPITAL- GENERATIVE GROWTH STRATEGY SOLVENCY RATIOS 17.5% EXCESS CAPITAL1 16.2% CET1 13.1% TL 149 bn 12.0% CAR Consolidated & w/o forbearance FX SENSITIVITY 2025 * 1Q26 12 bps USDTRY 42.89 44.44 CAR sensitivity to 10% TL deprec

  17. Slide 17: 2026 Operating Plan Guidance

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 17 2026 OPERATING PLAN GUIDANCE 2026 OPERATING PLAN GUIDANCE MACRO FORECAST Per January Current Outlook CBRT FUNDING RATE EXPECTATIONS Baseline 40% TL Loan Growth (YoY) 30-35% In-line 38% 37% 37% April Baseline FC Loan Growth Mid single digit 36.5% In-lin

  18. Slide 18: Q&A Session

    %{Garanti BBVA Q&A SESSION

  19. Slide 19: Appendix

    Appendix P G . 20 Sector Breakdown of Gross Loans P G . 24 Securities Portfolio P G . 21 FC Loan Breakdown P G . 25 Summary Balance Sheet P G . 22 Maturity Profile of External Debt P G . 26 Summary P&L P G . 23 Market Shares P G . 27 Key Financial Ratios

  20. Slide 20: Appendix: Sector Breakdown Of Gross Loans

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 20 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 2.4tr Retail 80% 15% 5% 0.4% 5.2% 64.0% Energy 71% 26% 3% 0.2% 19.3% 74.6% Construction 2.4

  21. Slide 21: Appendix: Closely Monitored And Well-Provisioned FC Loans

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 21 APPENDIX: CLOSELY MONITORED AND WELL-PROVISIONED FC LOANS FC PERFORMING LOANS (33% of total performıng loans) US$ 20.2bn FC LOANS (in $ bn) US$ GBI and GB Romania loan placements 6.4bn Natural hedge 170.0 157.1 161.9 20.0 + Sector1 133.8 18.0 US$ 13.8

  22. Slide 22: Appendix: Maturity Profile Of External Debt

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 22 APPENDIX: MATURITY PROFILE OF EXTERNAL DEBT MATURITY PROFILE OF EXTERNAL DEBT (US$ billion) 0.75 0.2 Bilateral MTN Covered Bond $5.7 Secured Finance Securitisation Syndication Subdebt Eurobond Postfinance $3.1 $0.5 $1.1 $1.1 $1.1 $1.7 $0.2 $0.4 $0.9 $1

  23. Slide 23: Appendix: Market Shares

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 23 APPENDIX: MARKET SHARES Market Shares among private banks1 Mar-25 Dec-25 Mar-26 QoQ  YoY  Rank TL Performing Loans #1* 21.7% 22.1% 21.9% -12 bps 26 bps FC Performing Loans 15.6% 16.1% 15.8% -25 bps 26 bps #2* Consumer Loans inc. Consumer CCs 22.7% 23

  24. Slide 24: Appendix: Securities Portfolio

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 24 APPENDIX: SECURITIES PORTFOLIO TOTAL SECURITIES (TL, US $ billion) TL SECURITIES (TL billion) FC SECURITIES (US$ billion) +10% +49% +3% +109% +30% Excl. Romania +75% for fair comparison 326 336 646 306 7.7 8.5 7.02 550 Consolidated 2.8 + + Total 460 $1

  25. Slide 25: Appendix: Summary Balance Sheet

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 25 APPENDIX: SUMMARY BALANCE SHEET (TL billion) ASSETS 31.03.2025 31.12.2025 31.03.2026 Cash & Cash Equivalents 367.8 437.8 374.7 Balances at CBRT 494.1 568.3 493.7 Securities 460.3 550.1 645.5 - Securities at Romania Subs. $0.7 $1.2 Gross Loans 2047.3 28

  26. Slide 26: Appendix: Summary P&L

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 26 APPENDIX: SUMMARY P&L TL Million 3M25 3M26 YoY (+) Net Interest Income including Swap costs 36,376 59,999 65% (+) NII excluding CPI linkers' income 29,979 65,437 118% (+) Income on CPI linkers 8,213 5,995 -27% (-) Swap Cost -1,816 -11,432 530% (+) Net

  27. Slide 27: Appendix: Key Financial Ratios

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 27 APPENDIX: KEY FINANCIAL RATIOS Mar-25 Mar-26 Profitability ratios ROAE 30.7% 30.3% ROAA 3.2% 2.9% NIM incl. Swap cost (Quarterly) 5.1% 6.1% Cost/Income 46.0% 46.3% Liquidity ratios Loans / Deposits 74.9% 84.5% TL Loans / TL Deposits 84.8% 105.1% TL Loa

  28. Slide 28: Appendix: Net Cost Of Risk

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 28 APPENDIX: NET COST OF RISK (Million TL) Quarterly Net Expected Credit Loss 1Q25 1Q26 (-) Expected Credit Losses 22,870 30,463 Stage 1 6,314 5,451 Stage 2 6,250 9,653 Stage 3 10,307 15,359 (+) Provision Reversals under other income 13,616 16,336 Stage 1

  29. Slide 29: Disclaimer Statement

    1Q26 BRSA CONSOLIDATED EARNINGS PRESENTATION 29 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

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