Slides
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The Commercial Bank (P .S.Q.C.) Financial Results For the six months ended 30 June 2026
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Forward Looking Statements 2 This presentation and subsequent discussion may contain certain forward-looking statements with respect to certain plans and current goals and expectations of Commercial Bank and its associated companies relating to their future financial condition and performance. These forward-looking statements do not relate only to historical or current facts but also represent Commercial Bank’s expectations and beliefs concerning future events. By their nature forward-looking statements involve known and unknown risks and uncertainty because they relate to future events and circumstances including a number of factors which are beyond Commercial Bank’s control. As a result, Commercial Bank’s actual future results or performance may differ materially from the plans, goals and expectations expressed or implied in such statements. Any forward-looking statements made by or on behalf of Commercial Bank speak only as of the date they are made. Commercial Bank does not undertake to update forward-looking statements to reflect any changes in Commercial Bank’s expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments.
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01 02 CONSOLIDATED FINANCIAL HIGHLIGHTS 3 STRATEGY RECAP AND PROGRESS UPDATE Table of Contents
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To be Qatar’s banking partner of choice, creating long term value for our customers, our people and our shareholdersVISION Build a stronger, sustainably profitable bank through continuous innovation and disciplined risk, compliance, capital and cost managementAMBITION STRATEGIC PRIORITIES Diversify funding mix supported by a strong low-cost deposit base and disciplined liquidity management Maintain strict cost discipline with positive jaws from 2027 Target a normalized, sustainable net Cost of Risk from 2028 onwards, and good trajectory for stage 2 ratio reduction WHOLESALERETAIL Accelerate growth in Qatari customer segments Focus lending growth on higher-return customer segments and high growth sectors Rebalance revenue mix toward capital-light, fee-based income Workout legacy exposures Protect the strength of core retail businesses, including cards, employee banking and remittances Deepen retail and wealth relationships Maintain leadership in expat segment Continue to invest in transaction banking proposition Continue to invest in our digital capabilities, AI, innovation and our people Improve capital efficiency through deployment of capital into higher return business and management of our property portfolio 4STRATEGY RECAP AND PROGRESS UPDATE 2026 -2030 Strategy Recap: Turning our strong foundations into sustainable growth The slides are as presented in CB’s initial strategy update presentation done in January 2026
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The Next Phase of Growth will be Built on Three Key Strategic Enablers 0301 TECHNOLOGY & INNOVATION 02 DIGITAL TALENT, TEAMWORK & CULTURE • Modernize our core banking platforms to support speed, efficiency, scale, and innovation • Further strengthen data and infrastructure foundations to accelerate automation and advanced analytics • Further enhance digital onboarding, servicing, and engagement across Retail, Wealth, and Wholesale • Maintain leadership in digital adoption by continuously investing in our mobile and online channels • Simplify the organization to enhance speed and accountability • Invest in future-critical skills including data science and AI • Build a collaborative, empowered and performance-driven culture 5STRATEGY RECAP AND PROGRESS UPDATE The slides are as presented in CB’s initial strategy update presentation done in January 2026
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WHAT WE HAVE DELIVERED SO FAR Together these AI initiatives help us to unlock income opportunities, reduce our cost and strengthen our risk management 6 Further examples of AI enable delivery… Proprietary Agentic AI: Credit Proposal Platform Contact Center AI: Agent Assistant Machine Learning (ML): Point of Sale Backed Lending Agentic Orchestration: AI end-to-end credit request workflow, from document collection and data preparation through analysis, review, and approval - with full human oversight. Conversational Intelligence: Enables teams to interact with credit documents through conversational AI - significantly reducing manual drafting and revision time. Secure Proprietary Deployment: Hosted entirely within the Bank's secure environment on the Bank's own GPU infrastructure, ensuring confidentiality and regulatory compliance. Instant Knowledge Access: Provides agents with immediate access to products, services, scripts, and SOPs in a single place, replacing switching between multiple systems. Consistent Customer Interactions: Standardized knowledge supports more reliable, accurate handling of customer queries, including complex questions. Faster Resolution Times: Reduces handling time and accelerates query resolution, supporting a more connected Contact Centre and smoother customer interactions. New Product Enablement: ML on SME POS turnover enabled the launch of a new tailored POS lending product - a tailored data-driven offering built on transaction-level business performance. Targeted Market Activation: Identifies SME customers with the highest propensity for the offering, equipping Relationship Managers with data- driven leads for proactive, personalized engagement. Live in Digital Banking: The POS lending product is now available through Digital Banking, providing SME customers with convenient, direct access to financing. STRATEGY RECAP AND PROGRESS UPDATE
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From 2026 - 2030, we will in the Next Phase of Our Strategy… Reshape CB to a more capital-efficient, fee- driven and deposit- anchored business model Build on what we have done in AI thus far - enhancing customer service and the efficient operation of the bank Draw a line under our legacy book Deliver shareholder returns through disciplined execution and a sustainable dividend Deliver Safe, Sustainable Profitability Position us to capture growth among Qataris, SMEs, and affluent clients 7STRATEGY RECAP AND PROGRESS UPDATE The slides are as presented in CB’s initial strategy update presentation done in January 2026
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Consolidated Targets (1) Excluding Additional Tier 1 (AT1) Notes, post deducting AT1 coupon (2) The Dividends are subject to regulatory approval (3) Adjusted for BEPs Pillar Two Tax impact Capital Profitability 6.1% <6.0% 12.0% - 13.0% 17.5% - 18.5% <5.0% 12.5% - 14.0% 18.0% - 19.5% 12.2% 17.6% 8 60.4% >62.0% >70.0% FY 2025 Actual FY 2026 Target End 2030 Target >8.2%(3) >9.2% (Before Pillar Two) <30.0% >11.0%(3) >12.0% (Before Pillar Two) <27.0% Positive Jaws from 2027 9.2%(3) 29.5% 90-100 bps 70-90 bps Sustainable Dividends Sustainable Dividends QAR 0.30 per share Asset Quality 75 bps CET1 CAR NPL Coverage Ratio (Stage 3) Return on Equity (ROE)(1) Cost to Income (Consol) Cost of Risk (Net) Dividends (2) 6.0% 12.8% 18.9% 61.5% H1 2026 Actual 8.2%(3) 8.8% (Before Pillar Two) 31.6% 106 bps Sustainable Dividends STRATEGY RECAP AND PROGRESS UPDATE
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01 02 CONSOLIDATED FINANCIAL HIGHLIGHTS 9 STRATEGY RECAP AND PROGRESS UPDATE Table of Contents
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• Loans and Advances, excluding Acceptances, increased by 3.6% to QAR 98.0 billion compared with 30 June 2025 • Investment Securities increased by 15.4% to reach QAR 41.3 billion, with the Group investing in high-quality market securities • Customer Deposits of QAR 85.1 billion, up by 1.8% from 30 June 2025 Consolidated Balance Sheet Key Financial Metrics H1 2026 H1 2025 Net Interest Margin (NIM) 2.2% 2.2% Return on Assets (ROA) (2) 1.1% 1.5% Return on Equity (ROE) (1/2) 8.2% 11.0% CET 1 Ratio (Basel III) as at 30 June 12.8% 12.5% Total Capital Ratio (Basel III) as at 30 June 18.9% 17.2% Balance Sheet, QAR million 30 Jun 2026 30 Jun 2025 % Total Assets 184,510 181,944 1% Loans and Advances (Excluding Acceptances) 98,037 94,656 4% Loans and Advances 102,686 103,788 (1%) Investment Securities 41,305 35,805 15% Customer Deposits 85,060 83,539 2% Total Equity 26,614 26,197 2% Profitability (Reported), QAR million H1 2026 H1 2025 % Operating Income 2,459 2,248 9% Operating Expense (777) (689) (13%) Operating Profit 1,683 1,559 8% Net Provisions (718) (295) (143%) Share of Associates’ results 210 196 7% Net Monetary Loss due to Hyperinflation (57) (72) 21% Income Tax Expense (35) (14) (160%) Net Profit Before BEPS Pillar Two Tax 1,083 1,374 (21%) BEPS Pillar Two Tax (69) (113) 39% Net Profit after Tax 1,014 1,261 (20%) (1) Excluding Additional Tier 1 (AT1) Notes, post deducting AT1 coupon (2) ROE and ROA is calculated after Pillar Two Tax impact. Both ROA and ROE are annualized Profitability • Net Profit after Pillar Two Tax of QAR 1,013.7 million • Net Profit before impact of Pillar Two Taxes of QAR 1,083.0 million • Net interest margin (NIM) at 2.2% • Net provisions of QAR 717.5 million, higher than in H1 2025, reflecting a more balanced approach to provisioning across all quarters, compared with the previous practice of larger charge in the fourth quarter. Balance Sheet Capital and Funding • Strong Capital Ratios: CET1 and Capital Adequacy Ratio at 12.8% and 18.9% respectively • Commercial Bank’s successful re-issuance of USD 500 million Additional Tier 1 Capital Securities on 03 March 2026 • Alternatif Bank’s successful re-issuance of USD 200 million Additional Tier 1 Capital Securities on 04 February 2026 H1 2026 Financial Summary CONSOLIDATED FINANCIAL HIGHLIGHTS 10
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(1) Excluding Long-Term Incentive Scheme (LTIS) table shows the figure after removing the impact of share option scheme, to show actual underlying business trend. (2) Represents net loans and advances to customers, after deducting impairment allowances. (3) Customer Deposits include current and call deposits, saving deposits, time deposits and accrued interest. QAR million Reported Excluding LTIS (1) H1 2026 H1 2025 Variance H1 2026 v H1 2025 (%) H1 2026 H1 2025 Variance H1 2026 v H1 2025 (%) Net Operating Income 2,459 2,248 9% 2,484 2,276 9% Operating Expenses (777) (689) (13%) (777) (681) (14%) Operating Profit 1,683 1,559 8% 1,707 1,595 7% Net Provisions (718) (295) (143%) (718) (295) (143%) Share of Associates’ Results 210 196 7% 210 196 7% Net Monetary Loss due to Hyperinflation (57) (72) 21% (57) (72) 21% Current Income Tax (35) (14) (160%) (35) (14) (160%) Net Profit Before BEPS Pillar Two Tax 1,083 1,374 (21%) 1,108 1,410 (21%) BEPS Pillar Two Tax (69) (113) 39% (69) (113) 39% Net Profit 1,014 1,261 (20%) 1,039 1,297 (20%) Loans and Advances (Excluding Acceptances) (2) 98,037 94,656 4% 98,037 94,656 4% Loans and Advances (2) 102,686 103,788 (1%) 102,686 103,788 (1%) Customer Deposits (3) 85,060 83,539 2% 85,060 83,539 2% Net Interest Margin (NIM) 2.2% 2.2% - 2.2% 2.2% - Cost/Income Ratio (Consolidated) 31.6% 30.6% (1.0%) 31.3% 29.9% (1.4%) Cost/Income (Domestic) 26.9% 25.6% (1.3%) 26.6% 25.3% (1.3%) Cost of Risk - COR (bps) – gross 142 77 (65) 142 77 (65) Cost of Risk - COR (bps) – net 106 50 (56) 106 50 (56) Non-Performing Loan (NPL) Ratio 6.0% 5.5% (0.5%) 6.0% 5.5% (0.5%) Loan Coverage Ratio – Stage 3 61.5% 57.4% 4.1% 61.5% 57.4% 4.1% Common Equity Tier 1 (CET 1) Ratio 12.8% 12.5% 0.3% 12.8% 12.5% 0.3% Capital Adequacy Ratio (CAR) 18.9% 17.2% 1.7% 18.9% 17.2% 1.7% Key Financial Highlights CONSOLIDATED FINANCIAL HIGHLIGHTS 11
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4,156 4,049 3,283 3,375 1,559 1,683 2022 2023 2024 2025 H1 2025 H1 2026 Profitability Net Interest Margin (NIM) Operating Profit Net interest income as a % of average interest earning assets, including (i) Loans and advances to customers (ii) bonds and (iii) loans to other credit institutions (iv) other interest earning assets ◆ Net interest income for H1 2026 was QAR 1,841.6 million, up by 14.4% YoY. ◆ Net interest margin (NIM) is at 2.2% for the six month ended 30 June 2026, stable year on year. ◆ NIM is stable YoY despite pressure from: ◆ Stiff competition for domestic deposits. ◆ Repricing lag between assets and liabilities due to downwards rate revision towards the end of 2025. ◆ Refinancing of some of our medium-term debt issuances which were previously at a lower rate. ◆ Non-interest income for H1 2026 was lower by 3.1% YoY. ◆ The Group’s net fee and commission-based income increased by 3.5% to QAR 509.3 million which included one-off Wholesale Banking fees. ◆ The overall decrease in non-interest income was mainly due to lower dividend income and lower income from investment securities including the impact of fair value movements. ◆ Cost to income ratio at consolidated level increased to 31.6% for the six months ended 30 June 2026, compared to 30.6% in the same period last year. ◆ At domestic level, Cost to income ratio increased to 26.9% for the six months ended 30 June 2026, compared to 25.6% in the same period last year. Earnings Performance: For The Six Months Ended 30 June 2026 12CONSOLIDATED FINANCIAL HIGHLIGHTS 2.7% 2.8% 2.4% 2.2% 2.2% 2.2% 2022 2023 2024 2025 H1 2025 H1 2026 (QAR million) Cost to Income Ratio - Consolidated 21.5% 26.2% 27.9% 29.5% 30.6% 31.6% 2022 2023 2024 2025 H1 2025 H1 2026 1,331 1,622 1,239 1,372 638 618 2022 2023 2024 2025 H1 2025 H1 2026 Non-Interest Income (QAR million) -3.1% +7.9%
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Note 1: Domestic Corporate lending growth was driven mainly from the Government and Public Sector lending. Loans and Advances QAR million 30 Jun 2026 30 Jun 2025 Movement 30 Jun 26 vs 30 Jun 25 Movement 30 Jun 26 vs 30 Jun 25 (%) Corporate & International (Note 1) 78,292 76,765 1,527 2.0% Retail 12,579 12,292 287 2.3% Alternatif Bank 7,166 5,600 1,566 28.0% Net Loans and Advances excluding Acceptances 98,037 94,657 3,380 3.6% Acceptances (Consolidated Group) 4,649 9,131 (4,482) (49.1%) Net Loans and Advances including Acceptances 102,686 103,788 (1,102) (1.1%) CONSOLIDATED FINANCIAL HIGHLIGHTS 13
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Consumption, 13% Real Estate, 13% Services, 21% Commercial, 15% Contracting, 3% Gov. & Semi- Gov. Agencies, 26% Other, 0% Industry, 1% Outside Qatar, 9% ◆ Loans and Advances to Customers excluding Acceptances of QAR 98.0 billion, up by 3.6% from 30 June 2025. ◆ Loans and Advances to Customers of QAR 102.7 billion, down by 1.1% from 30 June 2025. This includes acceptances of QAR 4.7 billion. (refer to page 13 for details) ◆ Continuing to reshape the profile of the lending book with diversification of risk across a range of sectors and reducing the exposure to higher risk sectors. Summary CB Loan Book Split – 30 June 2026 Qatari Banks Credit Facilities Breakdown by Sector – May 2026 CB Loan Book Breakdown by Sector – June 2026 Source: QCB Wholesale* 76.2% Retail 12.3% Alternatif Bank 7.0%Acceptances 4.5% *Wholesale includes corporate, SME and international loans as well as government and public sector loans including MoF overdraft Group Loan Book Analysis 14 Sector Jun-26 Jun-25 Govt and Public Sector 23.1% 16.1% Industry 3.0% 6.3% Commercial 16.9% 19.1% Services 25.1% 25.0% Contracting 1.8% 2.2% Real Estate 18.9% 19.3% Consumption 10.0% 10.1% Others 1.2% 1.9% 100.0% 100.0% CONSOLIDATED FINANCIAL HIGHLIGHTS
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Summary Retail Book Breakdown by Division – June 2026 Key Retail Income Drivers – June 2026 Portfolio ◆ The Retail portfolio(2) grew by 2.3% to QAR 12.6 billion, as compared to 30 June 2025. ◆ The Retail loan book represents 12.2% of overall bank’s loan book. ◆ The increase is mainly from growth in personal loans and credit cards. Performance ◆ Retail Banking’s net operating income in Qatar for the six months ended 30 June 2026 represents 35% of CB domestic operating income. ◆ Retail wealth management, advisory solutions and diversified product offerings have resulted in Asset Under Management to double since 2022. Net interest income 57% Net fee and commission 43% Notes: (1) Others include overdrafts, term, trade and margin related loans (2) Retail loans above excludes Enterprise and Securities related lending Retail Portfolio and Performance on the Rise, Delivering Strong Growth 15CONSOLIDATED FINANCIAL HIGHLIGHTS Mortgage loans 31% Personal loans 48% Vehicle loans 4% Credit cards 14% Others (1) 3%
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◆ Net impairment charge for loans increased to QAR 542.8 million vs QAR 244.1 million in H1 2025, primarily reflecting a more balanced approach to provisioning across all quarters and continued actions to address the legacy loan book. ◆ The net impairment charge of QAR 542.8 million for H1 2026 is made up of: ◆ Corporate charge of QAR 461.7 million ◆ Retail charge of QAR 62.7 million ◆ Alternatif Bank charge of QAR 18.4 million ◆ NPL ratio stood at 6.0% as at 30 June 2026. ◆ Net cost of risk increased to 106 bps for the six months ended 30 June 2026. Further, net CoR includes additional ECL charges booked on account of higher weightage from downside economic scenarios. ◆ Loan coverage ratio for Stage 3 stood at 61.5% as at 30 June 2026. Loan coverage including ECL stood at 99.7%. 70.9% 70.4% 52.8% 60.4% 57.4% 61.5% 34.5% 34.7% 29.4% 29.0% 30.5% 38.2% 2022 2023 2024 2025 H1 2025 H1 2026 Provision coverage ECL coverage 944 968 1,105 1,090 1,198 1,070 845 480 400 345 392 315 3,257 4,204 4,371 5,215 4,393 5,100 4.9% 5.9% 6.2% 6.1% 5.5% 6.0% 2022 2023 2024 2025 H1 2025 H1 2026 Retail SME Corporate Gross NPLs / Gross Loans Asset Quality: 30 June 2026 16 Summary Loan Coverage Ratio Net Provision Charge for Loans and NPLs (QAR million) Non-Performing Loans (‘NPL’) ratio CONSOLIDATED FINANCIAL HIGHLIGHTS 988 991 330 893 244 543 1.43% 1.44% 1.02% 1.48% 0.77% 1.42% 1.21% 1.05% 0.36% 0.75% 0.50% 1.06% 2022 2023 2024 2025 H1 2025 H1 2026 Net Provison (QAR'm) Cost of Risk (%) - gross Cost of Risk (%) - net (QAR million)
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46.1% 14.4% 13.2% 5.2% 15.4% 5.7% Customer Deposits Total Equity Due to Banks Debt Securities Other borrowings Other Liabilities ◆ Customer deposits at QAR 85.1 billion, up by 1.8% vs 30 June 2025 representing 46.1% of the total funding. ◆ Customer deposits remain the Bank’s core funding source, while wholesale funding provides flexibility to manage liquidity and tenor ahead of the right EMTN issuance window. ◆ Bilateral loans increased by 21.8% to QAR 18.1 billion, reflecting proactive funding diversification and duration management amid more volatile market conditions. ◆ The QAR 727 million subordinated notes balance represents Alternatif Bank’s USD 200 million AT1 refinancing, which was fully placed with external investors and supported the Group’s capital position. ◆ Strong ratings from all three major rating agencies continue to support diversified funding access and balance-sheet flexibility. Rating Agency Credit Ratings Bank Strength Outlook Date LT ST Fitch A F1 bb+ RWN(2) May 26 Moody’s A3 P-2 ba1 Stable Jun 26 S&P A- A-2 bbb- Stable Nov 25 Issuance Type (QAR million)exc Jun-26 Jun-25 Bilateral loans 18,097 14,859 Syndicated loans 8,220 8,072 EMTN 8,001 9,770 Subordinated notes 727 - Certificate of Deposits 660 1,475 Other loans (1) 2,273 1,711 Total 37,977 35,887 (1) Other loans includes senior notes, other related loans and also accrued interest (2) RWN = Rating Watch Negative Sources of Funding 17 Summary Total Funding Mix – 30 June 2026 Debt Issued and Other Borrowed Funds CB Credit Ratings CONSOLIDATED FINANCIAL HIGHLIGHTS
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Corporate, 20% Individuals, 26% Non Resident, 19% Gov. & Semi- Gov. Agencies, 35% ◆ Diversified deposit mix with Government and Semi-Government at 30%, corporate at 28% and individuals at 29%. ◆ Current and Savings accounts deposits increased by 1.6% to QAR 35.5 billion and represented 42.0% of the total customer deposit mix. ◆ The mix of Qatar non-resident deposit is 13%. Source: QCB Corporate 28% Individuals 29% Non resident 13% Gov. & Semi- Gov. Agencies 30% 65% 7% 28% 63% 7% 34%30% 7% 30% 59% 7% 31% 62% Deposit Portfolio 18CONSOLIDATED FINANCIAL HIGHLIGHTS Summary CB Customer Deposits (QAR million) Qatari Banks Deposits Breakdown by Sector – May 2026 CB Deposits by Customer Type – June 2026 31% 28% 34% 30% 35% 34% 7% 7% 7% 7% 7% 8% 61% 65% 59% 63% 58% 58% 2022 2023 2024 2025 H1 2025 H1 2026 Current & Call Deposits Savings Deposits Time Deposits 83,167 76,541 77,007 89,445 83,539 85,060
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Equities 3.7% Government Bonds 77.2% Investment Funds 0.1% Other debt sec 19.0% 29,835 30,762 33,229 40,299 35,805 41,305 18% 19% 20% 21% 20% 22% -5% 5% 15% 0 5,0 00 10, 000 15, 000 20, 000 25, 000 30, 000 35, 000 40, 000 45, 000 2022 2023 2024 2025 H1 2025 H1 2026 Investment Securities % of Total Assets ◆ Investment portfolio of QAR 41.3 billion as at 30 June 2026, compared to QAR 35.8 billion as at 30 June 2025. ◆ Approx. 80.1% investments in Government Bonds. ◆ Approx. 88.6% in AAA+ to A- rated securities. Credit Rating Portfolio Weight AAA+ to A- 88.6% BBB+ to BB- 4.2% B+ to B- 0.4% Unrated 6.7% Equities 2.2% Government Bonds 80.1% Investment Funds 0.04% Other debt sec 17.7% Jun 2026 Jun 2025 Investment Portfolio: High Asset Quality with 80.1% of the Portfolio Invested in HQLA Government Bonds 19CONSOLIDATED FINANCIAL HIGHLIGHTS Summary Investment Portfolio – 30 Jun 26 vs 30 Jun 25 Investment Portfolio by Credit Rating Investment Portfolio Evolution (QAR million)
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0.16 0.25 0.25 0.30 0.30 2021 2022 2023 2024 2025 Summary Total Equity (QAR million) Capital Adequacy Ratio (Basel III) 11.6% 10.6% 12.3% 12.2% 12.5% 12.8% 15.6% 14.1% 15.7% 16.1% 15.7% 17.4% 17.3% 14.9% 17.2% 17.6% 17.2% 18.9% 2022 2023 2024 2025 H1 2025 H1 2026 CET1 Tier1 Total Capital ratioMin ratios : CET1: 9.0% Tier1: 11.0% Total Capital Ratio: 14.5% ◆ Total equity at QAR 26.6 billion, up by 1.6% from 30 June 2025. ◆ Strong capital position, with Capital Adequacy Ratio at 18.9%, increased from 17.2% at 30 June 2025. 2022 2023 2024 2025 Jun-25 Jun-26 Equity AT1 Reserves 24,171 24,406 Dividend Distribution Per Share (QAR) 59% 24% 17% 26,354 60% 24% 17% 15% 22% 63% 15% 22% 63% 27,013 Capital Overview: 30 June 2026 20CONSOLIDATED FINANCIAL HIGHLIGHTS 15% 22% 63% 15% 22% 63% 26,197 26,614
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Profitability Balance Sheet Performance Ratios QAR million Jun-26 Jun-25 Var % Total assets 175,166 174,863 0.2% Loans and advances (excluding acceptances) 90,870 89,042 2.1% Loans and advances 95,114 97,937 (2.9%) Investment securities 42,706 37,371 14.3% Customer deposits 80,636 79,573 1.3% Total equity 29,934 28,603 4.7% H1 2026 H1 2025 ROE (1/2) 7.6% 12.5% NIM 1.9% 2.2% Cost to income 26.9% 25.6% QAR million Reported Excluding LTIS H1 2026 H1 2025 % H1 2026 H1 2025 % Net interest income 1,501 1,477 2% 1,501 1,477 2% Non-interest income 674 662 2% 703 661 6% Operating income 2,175 2,139 2% 2,204 2,138 3% Total costs (586) (548) (7%) (586) (540) (8%) Operating profit 1,589 1,591 (0%) 1,618 1,598 1% Net provisions (691) (275) (152%) (691) (275) (152%) Net profit 897 1,315 (32%) 926 1,322 (30%) Commercial Bank Financial Performance – For The Six Months Ended 30 June 2026 (CB Domestic) 21CONSOLIDATED FINANCIAL HIGHLIGHTS(1) Excluding Additional Tier 1 (AT1) Notes, post deducting AT1 coupon (2) ROE is calculated after Pillar Two Tax impact. ROE is annualized Capital Ratios H1 2026 H1 2025 CET1 Ratio (Basel III) 13.3% 12.4% Total Capital Ratio (Basel III) 19.4% 16.8%
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◆ Operating Income at TL 3,429 million for the six months ended 30 June 2026. Year on year Increase of 142%. ◆ Year on year Increase in Operating Expense by 63%. ◆ The Net Monetary Losses due to Hyperinflation is TL 680 million. ◆ Reported Net Loss of TL 333 million for the six months ended 30 June 2026. Alternatif Bank of Turkey ProfitabilityBalance Sheet TL million Jun-26 Jun-25 % Assets Cash and balances with central bank 17,461 15,891 10% Due from banks 8,523 4,422 93% Loans and advances to customers 97,062 63,758 52% Investment securities 23,061 19,285 20% Property and equipments 1,627 4,108 (60%) Other assets 10,293 7,677 34% Total assets 158,027 115,141 37% Liabilities & equity Due to banks 12,721 14,111 (10%) Customer deposits 56,710 43,312 31% Other borrowed funds 62,543 39,521 58% Other liabilities 15,207 6,764 125% Shareholders equity 10,846 11,433 (5%) Total liabilities and equity 158,027 115,141 37% TL million H1 2026 H1 2025 % Operating Income 3,429 1,416 142% Operating Expense (2,341) (1,436) (63%) Provisions charge (325) (214) (52%) Profit / (Loss) Before Tax 763 (234) 426% Income Tax Expense (416) (130) (220%) Net Monetary Loss (680) (745) 9% Net Loss (333) (1,109) 70% Alternatif Bank Results – Half Year Ended 30 June 2026 22CONSOLIDATED FINANCIAL HIGHLIGHTS
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Thank You