Interim report
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Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Publicly Announced Consolidated Financial Statements, Related Disclosures and Independent Auditors’ Report Thereon as of and for the Nine-Month Period Ended 30 September 2026 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish)
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A member firm of Ernst & Young Global Limited Güney Bağımsız Denetim ve SMMM A.Ş. Maslak Mah. Eski Büyükdere Cad. Orjin Maslak İş Merkezi No: 27 Daire: 57 34485 Sarıyer İstanbul - Türkiye Tel: +90 212 315 3000 Fax: +90 212 230 8291 ey.com Ticaret Sicil No : 479920 Mersis No: 0-4350-3032-6000017 Convenience Translation of the Auditor’s Review Report Originally Issued in Turkish Independent Auditors’ Report on Review of Consolidated Interim Financial Information To the Board of Directors of Türkiye Garanti Bankası Anonim Şirketi Introduction We have reviewed the consolidated statement of financial position of Türkiye Garanti Bankası Anonim Şirketi (“the Bank”) and its subsidiaries (together will be referred as “the Group”) at September 30,2026 and the related consolidated statement of profit or loss, consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in shareholders’ equity, consolidated statement of cash flows and a summary of significant accounting policies and other explanatory notes to the consolidated financial statements for the nine months period then ended. The Group Management is responsible for the preparation and fair presentation of interim consolidated financial information in accordance with the Banking Regulation and Supervision Agency (“BRSA”) Accounting and Financial Reporting Legislation which includes “Regulation on Accounting Applications for Banks and Safeguarding of Documents” published in the Official Gazette no.26333 dated 1 November 2006, and other regulations on accounting records of Banks published by Banking Regulation and Supervision Agency and circulars and interpretations published by BRSA and Turkish Accounting Standard 34 “Interim Financial Reporting” for thos e matters not regulated by the aforementioned regulations. Our responsibility is to express a conclusion on these interim consolidated financial statements based on our review. Scope of Review We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial reporting process, and applying analytical and other review procedures. A review of interim financial information is substantially less in scope than an independent audit performed in accordance with the Independent Auditing Standards and the objective of which is to express an opinion on the financial statements. Consequently, a review of the interim financial information does not provide assurance that the audit firm will be aware of all significant matters w hich would have been identified in an audit. Accordingly, we do not express an opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not give a true view of the financial position of the Group at September 30, 2026 and the results of its consolidated operations and its consolidated cash flows for the nine months period then ended in all material respects in accordance with the BRSA Accounting and Financial Reporting Legislation.
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A member firm of Ernst & Young Global Limited Report on other regulatory requirements arising from legislation B ased on our review, nothing has come to our attention that causes us to believe that the financial information provided in the accompanying interim activity report in Section s even, are not consistent with the reviewed consolidated financial statements and disclosures in all material respects. G üney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi A member firm of Ernst &Young Global Limited D amla Harman, SMMM Partner O ctober 28, 2026 İstanbul, Türkiye
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(Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) TÜRKİYE GARANTİ BANKASI ANONİM ŞİRKETİ AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED FINANCIAL REPORT AS OF AND FOR THE NINE-MONTH PERIOD ENDED 30 SEPTEMBER 2026 Levent Nispetiye Mah.Aytar Cad. No:2 Beşiktaş 34340 Istanbul Telephone: 212 318 18 18 Fax: 212 216 64 22 www.garantibbv a.com.tr investorrelations@garantibbva.com.tr T he consolidated financial report for the nine-month period ended prepared in accordance with the communiqué of Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks as regulated by Banking Regulation and Supervision Agency, is comprised of the following sections: 1. G eneral Information about Parent Bank 2. C onsolidated Financial Statements of Parent Bank 3. Accounting Policies 4. Consolidated Financial Position and Results of Operations, and Risk Management Applications of Group 5. Disclosures and Footnotes on Consolidated Financial Statements 6. Limited Review Report 7. Interim Activity Report T he consolidated subsidiaries and structured entities in the scope of this consolidated financial report are the followings: Subsidiaries 1. Garanti Bank International NV 2. Garanti Emeklilik ve Hayat AŞ 3. Garanti Holding BV 4. Garanti Finansal Kiralama AŞ 5. Garanti Faktoring AŞ 6. Garanti Yatırım Menkul Kıymetler AŞ 7. Garanti Portföy Yönetimi AŞ 8. Garanti Ödeme Sistemleri AŞ 9.Garanti Ödeme ve Elektronik Para Hizmetleri AŞ Structured Entities 1. Garanti Diversified Payment Rights Finance Company 2. RPV Company
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The consolidated financial statements for the nine-month period and related disclosures and footnotes that were subject to limited review, are prepared in accordance with the Regulation on Accounting Applications for Banks and Safeguarding of Documents, Turkish Accounting Standards, Turkish Financial Reporting Standards and the related statements and guidances and in compliance with the finan cial records of our Bank and, unless stated otherwise, presented in millions of Turkish Lira (TL). Süleyman Sözen Mahmut Akten Kemal Atıl Özus Hakan Özdemir Board of Directors Chairman General Manager Executive Vice President Finance and Treasury Accounting and Regulatory Reporting Head Ebru Oğan Knottnerus Pablo Alfonso Pastor Muñoz Audit Committee Member Audit Committee Member The authorized contact person for questions on this financial report: Name-Surname/Title: Ceyda AKINÇ/ Investor Relations Group Manager Phone no: 90 212 318 23 53 Fax no: 90 212 318 60 00
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SECTION ONE Page No: General Information I. History of Parent Bank including its incorporation date, initial legal status, amendments to legal status 1 II. Parent Bank’s shareholder structure, management and internal audit, direct and indirect shareholders, change in shareholder structure during the period and information on its risk group 1 III. Information on Parent Bank’s Board of Directors Chairman and members, Audit Committee members, Chief Executive Officer, Executive Vice presidents and their responsibilities and, if any, shareholdings in the bank 2 IV. Information on Parent Bank’s qualified shareholders 3 V. Summary information on Parent Bank’s activities and services 3 VI. Information on application differences between consolidation practices as per the Regulation on Preparation of Consolidated Financial Statements of Banks and as per the Turkish Accounting Standards, and entities subject to full or proportional consolidation or deducted from equity or not subject to any of these three methods 3 VII. Current or likely actual or legal barriers to immediate transfer of equity or repayment of debts between parent bank and its subsidiaries 3 SECTION TWO Consolidated Financial Statements I. Consolidated balance sheet-Assets 4 II. Consolidated balance sheet-Liabilities 5 III. Consolidated off-balance sheet items 6 IV. Consolidated statement of profit or loss 7 V. Consolidated statement of profit or loss and other comprehensive income 8 VI. Consolidated statement of changes in shareholders’ equity 9 VII. Consolidated statement of cash flows 10 SECTION THREE Accounting Policies I. Basis of presentation 11 II. Strategy for use of financial instruments and foreign currency transactions 12 III. Information on consolidated subsidiaries 13 IV. Forwards, options and other derivative transactions 14 V. Interest income and expenses 16 VI. Fees and commissions 17 VII. Financial instruments 17 VIII. Disclosures on impairment of financial instruments 20 IX. Disclosures about netting and derecognition of financial instruments 26 X. Repurchase and resale agreements and securities lending 27 XI. Assets held for sale, assets of discontinued operations and related liabilities 28 XII. Goodwill and other intangible assets 30 XIII. Tangible assets 31 XIV. Leasing activities 32 XV. Provisions and contingent liabilities 32 XVI. Contingent assets 33 XVII. Liabilities for employee benefits 33 XVIII. Insurance technical reserves and technical income and expense 3 4 XIX. Taxation 35 XX. Funds borrowed 39 XXI. Share and share issuances 39 XXII. C onfirmed bills of exchange and acceptances 39 XXIII. Government incentives 39 XXIV. Segment reporting 39 XXV. Profit reserves and profit appropriation 42 XXVI. Earnings per share 42 XXVII. Related parties 42 XXVIII. Cash and cash equivalents 42 XXIX. Other disclosures 42 SECTION FOUR Consolidated Financial Position and Results of Operations and Risk Management I. Consolidated total capital 43 II. Consolidated credit risk 55 III. Consolidated currency risk 55 IV. Consolidated interest rate risk 57 V. Consolidated position risk of equity securities 60 VI. Liquidity risk management, consolidated liquidity coverage ratio and consolidated net stable funding ratio 61 VII. Consolidated leverage ratio 71 VIII. Fair values of financial assets and liabilities 72 IX. Transactions carried out on behalf of customers and items held in trust 72 X. Risk management objectives and policies 72
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SECTION FIVE Disclosures and Footnotes on Consolidated Financial Statements I. Consolidated assets 76 II. Consolidated liabilities 1 06 III. Consolidated off-balance sheet items 1 16 IV. Consolidated statement of profit or loss 118 V. Consolidated statement of changes in shareholders’ equity 1 23 VI. Consolidated statement of cash flows 1 23 VII. Related party risks 1 24 VIII. Domestic, foreign and off-shore branches or equity investments, and foreign representative offices of Parent Bank 1 26 IX. Matters arising subsequent to the balance sheet date 1 26 X. Other Disclosures on Activities 1 26 SECTION SIX Limited Review Report I. Disclosure on limited review report 1 29 II. Disclosures and footnotes prepared by independent auditors 1 29 SECTION SEVEN Interim Activity Report I. Summary financial information regarding the operating results for the current period, the comments of the chairman of the Board of Directors and the CEO 1 30 II. The amendments in the articles of association during the period of 01.01.2026-30.09.2026 1 33 III. Announcements regarding important developments during the period of 01.01.2026-30.09.2026 1 33 IV. Assessment of financial information and risk management 1 33 V. Information regarding management and corporate governance practices 1 33 VI. Forward looking statements regarding the expectations 13 4
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Consolidated Financial Report as of and for the Nine-Month Period Ended 30 September 2026 Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish (Millions of Turkish Lira (TL)) 1 1 General Information 1.1 History of Parent Bank including its incorporation date, initial legal status, amendments to legal status Türkiye Garanti Bankası Anonim Şirketi (“the Bank”) was established by the decree of Council of Ministers numbered 3/4010 dated 11 April 1946 as a “private bank” and its “Articles of Association” was issued in the Official Gazette dated 25 April 1946. Following the acquisition on 27 July 2015, Banco Bilbao Vizcaya Argentaria SA (BBVA)’s stake in the Bank reached to 39.90% and BBVA become the main shareholder. Accordingly, the Bank was moved to the “Foreign Deposit Banks” category from the “Private Deposit Bank” category by the Banking Regulation and Supervision Agency (the BRSA). The Bank provides banking services through 787 domestic branches, 5 foreign branches and 1 representative office (31 December 2025: 787 domestic branches, 7 foreign branches and 1 representative office). The Bank’s head office is located in Istanbul. 1.2 Parent Bank’s shareholder structure, management and internal audit, direct and indirect shareholders, change in shareholder structure during the period and information on its risk group As of 30 September 2026, group of companies under BBVA that currently owns 85.97% shares of the Bank, is defined as the BBVA Group (“the Group”) and it is the main shareholder. On 22 March 2011, BBVA had acquired; 78,120 ,000,000 shares of the Bank owned by GE Capital Corporation at a total nominal value of TL 781 representing 18.60% ownership, and 26, 418,840,000 shares of the Bank owned by Doğuş Holding AŞ at a total nominal value of TL 264 representing 6.29% ownership. BBVA, purchasing 24.89% shares of the Bank, had joint control on the Bank’s management together with group of companies under Doğuş Holding AŞ (“the Doğuş Group”). On 7 April 2011, BBVA had acquired 503,160,000 shares at a nominal value of TL 5 and increased its ownership in the Bank’s share capital to 25.01%. In accordance with the terms of the agreement between BBVA and the Doğuş Group which was previously disclosed on 19 November 2014, the sale of shares representing 14.89% of the share capital of the Bank with a face value of TL 625 and 62,538,000,000 shares by the Doğuş Group to BBVA, was completed on 27 July 2015. Following the acquisition, BBVA’s stake in the Bank reached to 39.90% and BBVA became the main shareholder. The Bank was moved to “Foreign Deposit Banks” category from “Private Deposit B ank” category by the BRSA. On 21 February 2017, BBVA agreed with Doğuş Group to acquire 41,790,000,000 shares at a nominal value of TL 418 representing 9.95% ownership and on 22 March 2017 in accordance with the terms of the agreement share transfer had been finalized. After the share transfer BBVA’s interest in the share capital of the Bank is at 49.85%. The voluntary tender offer process launched by BBVA for the entire share capital of the bank and approved by the Capital Markets Board of Türkiye in accordance with the Communiqué on Takeover Bids no. II-26.1 on 31 March 2022, in their letter numbered E -29833736-110.05.05-19391 and dated 31 March 2022 ended as of 18 May 2022. During the voluntary tender offer process, BBVA acquired shares of the bank with a total nominal value of TL 1,517 which corresponds to 36.12%. As a result, the total share capital of the bank owned by BBVA reached 85.97%. BBVA Gr oup BBVA is op erating for more than 166 years, providing variety of wide spread financial and non -financial services to 84 million retail and commercial customers. The Group's headquarter is in Spain, where the Group has concrete leadership in retail and commercial markets. BBVA adopting innovative, and customer and community oriented management style, besides banking, operates in insurance sector in Europe and portfolio management, private banking and investment banking in global markets. BBVA which is the largest financial institution in Mexico and also a market leader in South America, operates in more than 27 countries with more than 127 thousand employees.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements C onsolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 2 1.3 Information on Parent Bank’s Board of Directors chairman and members, audit committee members, chief executive officer, executive vice presidents and their responsibilities and, if any, shareholdings in the bank Board of Directors Chairman and Members: Name and Surname Responsibility Appointment Date Education Experience in Banking and Business Administration Süleyman Sözen Chairman 29.05.1997 University 45 years Jorge Saenz Azcunaga Carranza Deputy Chairman and Member 24.03.2016 University 32 years Mahmut Akten Member and CEO 23.08.2024 Master 27 years Sait Ergun Özen Member 14.05.2003 University 39 years Jaime Saenz de Tejada Pulido Member 02.10.2014 University 34 years Pablo Alfonso Pastor Munoz Independent Member and Member of Audit Committee 31.03.2021 Master 37 years Rafael Salinas Martinez de Lecea Member 08.05.2017 Master 35 years Halil Hüsnü Erel Independent Member 27.03.2025 University 50 years Avni Aydın Düren Member 17.06.2020 Master 35 years Mevhibe Canan Özsoy Member 04.04.2019 Master 36 years Ebru Oğan Knottnerus Independent Member and Member of Audit Committee 27.03.2024 Master 35 years CEO and Executive Vice Presidents: Name and Surname Responsibility Appointment Date Education Experience in Banking and Business Administration Mahmut Akten CEO 23.08.2024 Master 27 years İlker Kuruöz EVP-Engineering Services and Data 14.03.2018 Master 34 years Sinem Edige EVP-Corporate, Investment Banking and Global Markets 26.11.2024 University 30 years Cemal Onaran EVP-Commercial Banking 17.01.2017 University 36 years Ebru Taşçı Firuzbay EVP- Talent and Culture 26.12.2024 University 28 years Kemal Atıl Özus EVP- Finance and Treasury 01.01.2026 University 33 years Gökhan Koca Head of Credit Risk Management 01.01.2026 Master 26 years Ceren Acer Kezik EVP-Retail Banking 06.06.2022 Master 21 years Sibel Kaya EVP- SME Banking 02.02.2021 Master 29 years The top management listed above does not hold any material unquoted shares of the Bank.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements C onsolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 3 1.4 Information on Parent Bank’s qualified shareholders Company Shares Ownership Paid-in Capital Unpaid Portion Banco Bilbao Vizcaya Argentaria SA 3,610,895 85.97% 3,610,895 - 1.5 Summary information on Parent Bank’s activities and services Activities of the Bank as stated at the third clause of its Articles of Association are as follows: - All banking operations, - Participating in, establishing, and trading the shares of enterprises at various sectors within the limits set forth by the Banking Law, - P roviding attorneyship, insurance agency, brokerage and freight services in relation with banking activities, - Purchasing/selling debt securities, treasury bills, government bonds and other share certificates issued by Turkish government and other official and private institutions on the condition that completion of the necessary approvals and permits by Capital Markets Board of Türkiye, - Developing economical and financial relations with foreign organizations, - Dealing with all economic operations in compliance with the Banking Law. The Bank’s activities are not limited to those disclosed in that third clause, but whenever the Board of Directors deems any operations other than those stated above to be of benefit to the Bank, it is recommended in the general meeting, and the launching of the related project depends on the decision taken during the General Assembly which results in a change in the Articles of Association and on the approval of this decision by the Ministry of Industry and Commerce. Accordingly, the approved decision is a dded to the Articles of Association. The Bank is not a specialized bank but deals with all kinds of banking activities. Deposits are the main sources of the lending to the customers. The Bank grants loans to companies operating in various sectors while aiming to maintain the required level of efficiency. The Bank also grants non- cash loans to its customers; especially letters of guarantee, letters of credit and acceptance credits. 1.6 Information on application differences between consolidation practices as per the Regulation on Preparation of Consolidated Financial Statements of Banks and as per the Turkish Accounting Standards, and entities subject to full or proportional consolidation or deducted from equity or not subject to any of these three methods As per the Regulation on Preparation of Consolidated Financial Statements of Banks, the investments in financial subsidiaries are subject to consolidation whereas as per the Turkish Accounting Standards and Turkish Financial Reporting Standards, the investments in both financial and non-financial subsidiaries are subject to consolidation. 1.7 Current or likely actual or legal barriers to immediate transfer of equity or repayment of debts between Parent Bank and its subsidiaries None.
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2 Consolidated Financial Statements (Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Balance Sheet (Statement of Financial Position) At 30 September 2026 TL FC Total TL FC Total I. FINANCIAL ASSETS (Net) 798,604 681,792 1,480,396 504,933 755,636 1,260,569 1.1 Cash and Cash Equivalents 5.1.1 615,671 538,893 1,154,564 374,619 630,611 1,005,230 1.1.1 Cash and Balances with Central Bank 567,216 312,862 880,078 357,888 277,978 635,866 1.1.2 Banks 23,558 201,979 225,537 14,569 337,989 352,558 1.1.3 Money Market Placements 25,507 24,344 49,851 2,654 15,017 17,671 1.1.4 Expected Credit Losses (-) 610 292 902 492 373 865 1.2 Financial Assets Measured at Fair Value through Profit/Loss (FVTPL) 5.1.2 14,751 12,278 27,029 8,683 7,071 15,754 1.2.1 Government Securities 8,180 10,502 18,682 2,776 6,065 8,841 1.2.2 Equity Securities 904 9 913 1,472 8 1,480 1.2.3 Other Financial Assets 5,667 1,767 7,434 4,435 998 5,433 1.3 Financial Assets Measured at Fair Value through Other Comprehensive Income (FVOCI) 5.1.3 159,474 113,106 272,580 116,604 99,079 215,683 1.3.1 Government Securities 159,278 28,691 187,969 116,304 30,454 146,758 1.3.2 Equity Securities 196 4,898 5,094 227 4,394 4,621 1.3.3 Other Financial Assets - 79,517 79,517 73 64,231 64,304 1.4 Derivative Financial Assets 5.1.4 8,708 17,515 26,223 5,027 18,875 23,902 1.4.1 Derivative Financial Assets Measured at FVTPL 8,201 17,436 25,637 5,016 18,689 23,705 1.4.2 Derivative Financial Assets Measured at FVOCI 507 79 586 11 186 197 II. FINANCIAL ASSETS MEASURED AT AMORTIZED COST (Net) 2,381,229 1,183,078 3,564,307 1,908,686 1,133,480 3,042,166 2.1 Loans 5.1.5 2,206,755 1,039,970 3,246,725 1,730,852 984,860 2,715,712 2.2 Lease Receivables 5.1.6 21,813 63,698 85,511 14,675 47,677 62,352 2.3 Factoring Receivables 5.1.7 45,891 12,843 58,734 29,062 3,563 32,625 2.4 Other Financial Assets Measured at Amortised Cost 5.1.8 212,282 83,934 296,216 200,927 117,741 318,668 2.4.1 Government Securities 210,100 62,362 272,462 199,420 67,365 266,785 2.4.2 Other Financial Assets 2,182 21,572 23,754 1,507 50,376 51,883 2.5 Expected Credit Losses (-) 105,512 17,367 122,879 66,830 20,361 87,191 III. ASSETS HELD FOR SALE AND ASSETS OF DISCONTINUED OPERATIONS (Net) 5.1.9 11,172 226,857 238,029 4,861 129 4,990 3.1 Asset Held for Resale 11,172 - 11, 172 4,861 129 4,990 3.2 Assets of Discontinued Operations - 226,857 226,857 - - - IV. INVESTMENTS IN ASSOCIATES,SUBSIDIARIES AND JOINT VENTURES 23,373 37 23,410 16,919 554 17,473 4.1 Associates (Net) 5.1.10 213 - 213 211 - 211 4.1.1 Associates Consolidated Under Equity Accounting - - - - - - 4.1.2 Unconsolidated Associates 213 - 213 211 - 211 4.2 Subsidiaries (Net) 5.1.11 23,160 37 23,197 16,708 554 17,262 4.2.1 Unconsolidated Financial Investments in Subsidiaries - - - - - - 4.2.2 Unconsolidated Non-Financial Investments in Subsidiaries 23,160 37 23,197 16,708 554 17,262 4.3 Joint Ventures (Net) 5.1.12 - - - - - - 4.3.1 Joint-Ventures Consolidated Under Equity Accounting - - - - - - 4.3.2 Unconsolidated Joint-Ventures - - - - - - V. TANGIBLE ASSETS (Net) 5.1.13 50,394 1,830 52,224 48,518 2,654 51,172 VI. INTANGIBLE ASSETS (Net) 5.1.14 9,170 828 9,998 6,489 1,316 7,805 6.1 Goodwill 6 - 6 6 - 6 6.2 Others 9,164 828 9, 992 6,483 1,316 7,799 VII. INVESTMENT PROPERTY (Net) 5.1.15 3,320 - 3,320 3,136 - 3,136 VIII. CURRENT TAX ASSET 4,953 555 5,508 4,633 269 4,902 IX. DE FERRED TAX ASSET 5.1.16 13,668 200 13,868 10,644 457 11,101 X. OTHER ASSETS (Net) 5.1.17 182,016 7,751 189,767 136,981 7,479 144,460 TOTAL ASSETS 3,477,899 2,102,928 5,580,827 2,645,800 1,901,974 4,547,774 The accompanying notes are an integral part of these consolidated financial statements. PRIOR PERIOD 31 December 202530 September 2026ASSETS Footnotes CURRENT PERIOD MILLIONS OF TURKISH LIRA (TL) 4
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Balance Sheet (Statement of Financial Position) At 30 September 2026 TL FC Total TL FC Total I. DEPOSITS 5.2.1 1,963,042 1,690,672 3,653,714 1,617,464 1,532,570 3,150,034 II. FUNDS BORROWED 5.2.2 33,560 106,543 140,103 23,806 82,571 106,377 III. MONEY MARKET FUNDS 5.2.3 116,080 19,816 135,896 66,867 20,631 87,498 IV. SECURITIES ISSUED (NET) 5.2.4 2,003 194,896 196,899 - 170, 767 170,767 4.1 Bills 2,003 - 2, 003 - - - 4.2 Asset Backed Securities - - - - - - 4.3 Bonds - 194,896 194,896 - 170,767 170,767 V. FUNDS - - - - - - 5.1 Funds from Credit Customers - - - - - - 5.2 Others - - - - - - VI. FINANCIAL LIABILITIES MEASURED AT FVTPL 5.2.5 - 78, 681 78,681 - 69, 884 69,884 VII. DERIVATIVE FINANCIAL LIABILITIES 5.2.6 15,657 10,679 26,336 12,444 4,850 17,294 7.1 Derivative Financial Liabilities Measured at FVTPL 15,442 10,589 26,031 12,172 4,320 16,492 7.2 Derivative Financial Liabilities Measured at FVOCI 215 90 305 272 530 802 VIII. FACTORING LIABILITIES 5.2.7 - - - - - - IX. LEASE LIABILITIES (Net) 5.2.8 5,783 862 6,645 5,145 870 6,015 X. PROVISIONS 5.2.9 35,961 18,406 54,367 28,923 14,396 43,319 10.1 Restructuring Reserves - - - - - - 10.2 Reserve for Employee Benefits 12,094 1,045 13,139 11,467 1,194 12,661 10.3 Insurance Technical Provisions (Net) 9,949 12,825 22,774 7,085 8,406 15,491 10.4 Other Provisions 13,918 4,536 18,454 10,371 4,796 15,167 XI. CURRENT TAX LIABILITY 5.2.10 37,467 232 37,699 24,573 622 25,195 XII. DEFERRED TAX LIABILITY 5.2.10 313 - 313 - - - XIII. LIABILITIES FOR ASSETS HELD FOR SALE AND ASSETS OF DISCONTINUED OPERATIONS (Net) 5.2.11 45 193,063 193,108 - - - 13.1 Asset Held for Sale - - - - - - 13.2 Assets of Discontinued Operations 45 193,063 193,108 - - - XIV. SUBORDINATED DEBTS 5.2.12 - 158, 491 158,491 - 140, 820 140,820 14.1 Borrowings - - - - 4, 560 4,560 14.2 Other Debt Instruments - 158,491 158,491 - 136,260 136,260 XV. OTHER LIABILITIES 5.2.13 347,547 28,367 375,914 253,403 30,532 283,935 XVI. SHAREHOLDERS' EQUITY 5.2.14 520,338 2,323 522,661 442,548 4,088 446,636 16.1 Paid-in Capital 4,200 - 4, 200 4,200 - 4, 200 16.2 Capital Reserves 785 - 785 785 - 785 16.2.1 Share Premium 12 - 12 12 - 12 16.2.2 Share Cancellation Profits - - - - - - 16.2.3 Other Capital Reserves 773 - 773 773 - 773 16.3 Other Comprehensive Income/Expense Items not to be Recycled to Profit or Loss 31,276 2,472 33,748 31,532 2,080 33,612 16.4 Other Comprehensive Income/Expense Items to be Recycled to Profit or Loss 36,014 (1,264) 34,750 33,536 971 34,507 16.5 Profit Reserves 347,812 1,115 348,927 260,024 1,037 261,061 16.5.1 Legal Reserves 9,392 1,115 10,507 6,729 1,037 7,766 16.5.2 Status Reserves - - - - - - 16.5.3 Extraordinary Reserves 338,155 - 338, 155 253,021 - 253, 021 16.5.4 Other Profit Reserves 265 - 265 274 - 274 16.6 Profit/Loss 96,900 - 96,900 109,908 - 109,908 16.6.1 Prior Periods' Profit/Loss 277 - 277 92 - 92 16.6.2 Current Period's Net Profit/Loss 96,623 - 96,623 109,816 - 109,816 16.7 Minority Interest 3,351 - 3,351 2,563 - 2,563 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,077,796 2,503,031 5,580,827 2,475,173 2,072,601 4,547,774 The accompanying notes are an integral part of these consolidated financial statements. PRIOR PERIOD 31 December 202530 September 2026LIABILITIES AND SHAREHOLDERS' EQUITY Footnotes CURRENT PERIOD MILLIONS OF TURKISH LIRA (TL) 5
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Off-Balance Sheet Items At 30 September 2026 TL FC Total TL FC Total A. OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (I+II+III) 5,379,402 3,500,547 8,879,949 3,903,535 2,627,380 6,530,915 I. GUARANTEES AND SURETIES 5.3.1 582,932 484,226 1,067,158 471,058 386,926 857,984 1.1 Letters of guarantee 535,492 336,871 872,363 434,077 268,981 703,058 1.1.1 Guarantees subject to State Tender Law 50,006 3,298 53,304 4,238 2,837 7,075 1.1.2 Guarantees given for foreign trade operations 19,273 13,535 32,808 18,354 7,184 25,538 1.1.3 Other letters of guarantee 466,213 320,038 786,251 411,485 258,960 670,445 1.2 Bank acceptances 51 20,645 20,696 225 12,832 13,057 1.2.1 Import letter of acceptance - 20,645 20,645 - 12,832 12,832 1.2.2 Other bank acceptances 51 - 51 225 - 225 1.3 Letters of credit 35 120,823 120,858 74 101,262 101,336 1.3.1 Documentary letters of credit 35 113,231 113,266 74 89,159 89,233 1.3.2 Other letters of credit - 7,592 7,592 - 12,103 12,103 1.4 Guaranteed prefinancings - - - - - - 1.5 Endorsements 47,354 - 47,354 36,682 - 36,682 1.5.1 Endorsements to the Central Bank of Turkey 47,354 - 47,354 36,682 - 36,682 1.5.2 Other endorsements - - - - - - 1.6 Underwriting commitments - - - - - - 1.7 Factoring related guarantees - 33 33 - - - 1.8 Other guarantees - 5,854 5,854 - 3,851 3,851 1.9 Other sureties - - - - - - II. COMMITMENTS 5.3.1 3,094,534 266,394 3,360,928 2,624,405 213,530 2,837,935 2.1 Irrevocable commitments 3,091,869 211,912 3,303,781 2,620,981 166,056 2,787,037 2.1.1 Asset purchase and sale commitments 53,242 152,046 205,288 24,806 119,292 144,098 2.1.2 Deposit purchase and sale commitments - 55 55 - 93 93 2.1.3 Share capital commitments to associates and subsidiaries - - - - - - 2.1.4 Loan granting commitments 640,381 38,530 678,911 560,192 33,629 593,821 2.1.5 Securities issuance brokerage commitments - - - - - - 2.1.6 Commitments for reserve deposit requirements - - - - - - 2.1.7 Commitments for cheque payments 27,126 - 27,126 21,003 - 21,003 2.1.8 Tax and fund obligations on export commitments 2,592 - 2,592 2,710 - 2,710 2.1.9 Commitments for credit card limits 2,368,521 1 2,368,522 2,012,266 6,853 2,019,119 2.1.10 Commitments for credit cards and banking services related promotions 7 - 7 4 - 4 2.1.11 Receivables from "short" sale commitments on securities - - - - - - 2.1.12 Payables from "short" sale commitments on securities - - - - - - 2.1.13 Other irrevocable commitments - 21,280 21,280 - 6,189 6,189 2.2 Revocable commitments 2,665 54,482 57,147 3,424 47,474 50,898 2.2.1 Revocable loan granting commitments 1,532 19,215 20,747 555 34,936 35,491 2.2.2 Other revocable commitments 1,133 35,267 36,400 2,869 12,538 15,407 III. DERIVATIVE FINANCIAL INSTRUMENTS 5.3.2 1,701,936 2,749,927 4,451,863 808,072 2,026,924 2,834,996 3.1 Derivative financial instruments held for risk management 30,831 251,386 282,217 10,958 235,380 246,338 3.1.1 Fair value hedges - 239,036 239,036 - 219,775 219,775 3.1.2 Cash flow hedges 30,831 12,350 43,181 10,958 15,605 26,563 3.1.3 Net foreign investment hedges - - - - - - 3.2 Trading derivatives 1,671,105 2,498,541 4,169,646 797,114 1,791,544 2,588,658 3.2.1 Forward foreign currency purchases/sales 190,319 197,242 387,561 78,520 80,546 159,066 3.2.1.1 Forward foreign currency purchases 92,168 101,010 193,178 24,238 55,250 79,488 3.2.1.2 Forward foreign currency sales 98,151 96,232 194,383 54,282 25,296 79,578 3.2.2 Currency and interest rate swaps 1,368,469 1,782,352 3,150,821 674,339 1,357,775 2,032,114 3.2.2.1 Currency swaps-purchases 68,680 817,743 886,423 27,322 516,507 543,829 3.2.2.2 Currency swaps-sales 477,563 622,537 1,100,100 193,205 524,165 717,370 3.2.2.3 Interest rate swaps-purchases 411,113 171,052 582,165 226,906 158,557 385,463 3.2.2.4 Interest rate swaps-sales 411,113 171,020 582,133 226,906 158,546 385,452 3.2.3 Currency, interest rate and security options 96,298 115,483 211,781 39,309 48,302 87,611 3.2.3.1 Currency call options 4,486 87,057 91,543 3,051 36,565 39,616 3.2.3.2 Currency put options 69,682 26,592 96,274 30,992 10,859 41,851 3.2.3.3 Interest rate call options - - - - - - 3.2.3.4 Interest rate put options - 1,834 1,834 - 878 878 3.2.3.5 Security call options 11,065 - 11,065 2,633 - 2,633 3.2.3.6 Security put options 11,065 - 11,065 2,633 - 2,633 3.2.4 Currency futures 5,665 5,726 11,391 3,386 3,088 6,474 3.2.4.1 Currency futures-purchases 571 5,064 5,635 514 2,582 3,096 3.2.4.2 Currency futures-sales 5,094 662 5,756 2,872 506 3,378 3.2.5 Interest rate futures - 612 612 - - - 3.2.5.1 Interest rate futures-purchases - 612 612 - - - 3.2.5.2 Interest rate futures-sales - - - - - - 3.2.6 Others 10,354 397,126 407,480 1,560 301,833 303,393 B. CUSTODY AND PLEDGED ITEMS (IV+V+VI) 10,324,025 10,547,565 20,871,590 8,316,687 9,082,463 17,399,150 IV. ITEMS HELD IN CUSTODY 1,285,861 1,617,069 2,902,930 1,011,146 1,390,805 2,401,951 4.1 Customers' securities held 687,009 552,107 1,239,116 585,043 524,535 1,109,578 4.2 Investment securities held in custody 383,957 753,819 1,137,776 253,383 602,292 855,675 4.3 Checks received for collection 193,172 48,417 241,589 154,289 38,372 192,661 4.4 Commercial notes received for collection 19,961 7,280 27,241 16,735 19,814 36,549 4.5 Other assets received for collection 582 184,079 184,661 516 159,460 159,976 4.6 Assets received through public offering - 1,196 1,196 - 1,050 1,050 4.7 Other items under custody 1,180 70,171 71,351 1,180 45,282 46,462 4.8 Custodians - - - - - - V. PLEDGED ITEMS 9,038,164 8,930,496 17,968,660 7,305,541 7,691,658 14,997,199 5.1 Securities 79,243 111,389 190,632 60,537 79,666 140,203 5.2 Guarantee notes 29,447 192,741 222,188 27,712 165,577 193,289 5.3 Commodities 329 - 329 395 - 395 5.4 Warranties - - - - 12,000 12,000 5.5 Real estates 3,378,643 2,038,695 5,417,338 2,754,174 1,860,320 4,614,494 5.6 Other pledged items 5,550,502 6,587,671 12,138,173 4,462,723 5,574,095 10,036,818 5.7 Pledged items-depository - - - - - - VI. CONFIRMED BILLS OF EXCHANGE AND SURETIES - - - - - - TOTAL OFF-BALANCE SHEET ITEMS (A+B) 15,703,427 14,048,112 29,751,539 12,220,222 11,709,843 23,930,065 The accompanying notes are an integral part of these consolidated financial statements. Footnotes CURRENT PERIOD PRIOR PERIOD 31 December 202530 September 2026 MILLIONS OF TURKISH LIRA (TL) 6
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Statement of Profit or Loss For the period ended at 30 September 2026 CURRENT PERIOD PRIOR PERIOD CURRENT PERIOD PRIOR PERIOD 1 January 2026- 1 January 2025- 1 July 2026- 1 July 2025- I. INTEREST INCOME 5.4.1 725,216 561,571 272,464 207,226 1.1 Interest income on loans 534,930 404,309 195,508 146,541 1.2 Interest income on reserve deposits 64,201 54,575 23,501 19,750 1.3 Interest income on banks 29,064 30,155 15,419 15,837 1.4 Interest income on money market transactions 13,673 4,251 5,552 1,347 1.5 Interest income on securities portfolio 73,994 62,486 28,917 21,626 1.5.1 Financial assets measured at FVTPL 3,109 1,195 1,170 473 1.5.2 Financial assets measured at FVOCI 36,764 25,995 14,952 8,856 1.5.3 Financial assets measured at amortised cost 34,121 35,296 12,795 12,297 1.6 Financial lease income 7,716 4,730 2,995 1,760 1.7 Other interest income 1,638 1,065 572 365 II. INTEREST EXPENSE (-) 5.4.2 499,177 427,579 185,584 153,117 2.1 Interest on deposits 432,940 368,941 161,268 130,775 2.2 Interest on funds borrowed 13,129 8,855 5,460 3,459 2.3 Interest on money market transactions 36,171 40,871 12,659 15,167 2.4 Interest on securities issued 15,465 7,784 5,712 3,307 2.5 Lease interest expense 1,254 946 445 358 2.6 Other interest expenses 218 182 40 51 III. NET INTEREST INCOME (I - II) 226,039 133,992 86,880 54,109 IV. NET FEES AND COMMISSIONS INCOME/EXPENSES 5.4.12 141,161 103,949 50,424 38,771 4.1 Fees and commissions received 200,160 147,090 73,951 55,273 4.1.1 Non-cash loans 6,092 4,849 2,168 1,767 4.1.2 Others 194,068 142,241 71,783 53,506 4.2 Fees and commissions paid (-) 58,999 43,141 23,527 16,502 4.2.1 Non-cash loans 128 77 67 56 4.2.2 Others 58,871 43,064 23,460 16,446 V. DIVIDEND INCOME 5.4.3 374 258 10 8 VI. NET TRADING INCOME/LOSSES (Net) 5.4.4 (27,702) (410) (14,894) (4,264) 6.1 Trading account income/losses 3,238 993 1,144 (239) 6.2 Income/losses from derivative financial instruments (47,534) (10,263) (16,119) 3,110 6.3 Foreign exchange gains/losses 16,594 8,860 81 (7, 135) VII. OTHER OPERATING INCOME 5.4.5 53,730 50,374 14,158 14,848 VIII. TOTAL OPERATING PROFIT (III+IV+V+VI+VII) 393,602 288,163 136,578 103,472 IX. EXPECTED CREDIT LOSSES (-) 5.4.6 90,528 57,251 31,178 16,872 X. OTHER PROVISIONS (-) 5.4.6 1,962 256 404 4 XI. PERSONNEL EXPENSES (-) 60,549 41,572 21,056 14,943 XII. OTHER OPERATING EXPENSES (-) 5.4.7 106,443 79,242 38,020 31,483 XIII. NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII) 134,120 109,842 45,920 40,170 XIV. INCOME RESULTED FROM MERGERS - - - - XV. INCOME/LOSS FROM INVESTMENTS UNDER EQUITY ACCOUNTING 2,861 2,032 993 676 XVI. GAIN/LOSS ON NET MONETARY POSITION - - - - XVII. PROFIT/LOSS BEFORE TAXES (XIII+...+XVI) 5.4.8 136,981 111,874 46,913 40,846 XVIII. PROVISION FOR TAXES (±) 5.4.9 40,234 28,685 13,761 10,367 18.1 Current tax charge 43,178 27,156 13,738 5,711 18.2 Deferred tax charge (+) 4,987 6,835 1,412 5,745 18.3 Deferred tax credit (-) (7,931) (5,306) (1,389) (1,089) XIX. NET OPERATING PROFIT/LOSS AFTER TAXES (XVII±XVIII) 5.4.10 96,747 83,189 33,152 30,479 XX. INCOME FROM DISCONTINUED OPERATIONS 22,538 19,132 7,360 6,233 20.1 Income from assets held for sale - - - - 20.2 Income from sale of associates, subsidiaries and joint-ventures - - - - 20.3 Others 22,538 19,132 7,360 6,233 XXI. EXPENSES FROM DISCONTINUED OPERATIONS (-) 20,791 17,657 6,606 5,784 21.1 Expenses on assets held for sale - - - - 21.2 Expenses on sale of associates, subsidiaries and joint-ventures - - - - 21.3 Others 20,791 17,657 6,606 5,784 XXII. PROFIT/LOSS BEFORE TAXES ON DISCONTINUED OPERATIONS (XX-XXI) 5.4.8 1,747 1,475 754 449 XXIII. PROVISION FOR TAXES OF DISCONTINUED OPERATIONS (±) 5.4.9 303 190 129 67 23.1 Current tax charge 293 189 136 71 23.2 Deferred tax charge (+) 13 5 (8) (6) 23.3 Deferred tax credit (-) (3) (4) 1 2 XXIV. NET PROFIT/LOSS AFTER TAXES ON DISCONTINUED OPERATIONS (XXII±XXIII) 5.4.10 1,444 1,285 625 382 XXV. NET PROFIT/LOSS (XIX+XXIV) 5.4.11 98,191 84,474 33,777 30,861 25.1 Equity holders of the bank 96,623 83,418 33,181 30,478 25.2 Minority interest 1,568 1,056 596 383 Earnings per Share 0.23005 0.19861 0.07900 0.07257 The accompanying notes are an integral part of these consolidated financial statements. INCOME AND EXPENSE ITEMS Footnotes 30 September 2026 30 September 2025 MILLIONS OF TURKISH LIRA (TL) 30 September 2026 30 September 2025 7
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Statement of Profit or Loss and Other Comprehensive Income For the period ended at 30 September 2026 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME CURRENT PERIOD PRIOR PERIOD 1 January 2026 - 1 January 2025 - I. CURRENT PERIOD PROFIT/LOSS 98,191 84,474 II. OTHER COMPREHENSIVE INCOME 353 15,127 2.1 Other Income/Expense Items not to be Recycled to Profit or Loss 136 4,067 2.1.1 Revaluation Surplus on Tangible Assets 1,164 3,046 2.1.2 Revaluation Surplus on Intangible Assets - - 2.1.3 Defined Benefit Plans' Actuarial Gains/Losses (1,698) (1,188) 2.1.4 Other Income/Expense Items not to be Recycled to Profit or Loss 668 765 2.1.5 Deferred Taxes on Other Comprehensive Income not to be Recycled to Profit or Loss 2 1,444 2.2 Other Income/Expense Items to be Recycled to Profit or Loss 217 11,060 2.2.1 Translation Differences 8,257 16,657 2.2.2 Income/Expenses from Valuation and/or Reclassification of Financial Assets Measured at FVOCI (6,951) (794) 2.2.3 Gains/losses from Cash Flow Hedges (31) (260) 2.2.4 Gains/Losses on Hedges of Net Investments in Foreign Operations (4,152) (6,878) 2.2.5 Other Income/Expense Items to be Recycled to Profit or Loss (9) (56) 2.2.6 Deferred Taxes on Other Comprehensive Income to be Recycled to Profit or Loss 3,103 2,391 III. TOTAL COMPREHENSIVE INCOME (I+II) 98,544 99,601 The accompanying notes are an integral part of these consolidated financial statements. 30 September 2026 30 September 2025 MILLIONS OF TURKISH LIRA (TL) 8
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries For the period ended at 30 September 2026 Revaluation surplus on tangible and intangible assets Defined Benefit Plans' Actuarial Gains/Losses Others Foreign Currency Translation Differences Income/Expenses from Valuation and/or Reclassification of Financial Assets Measured at FVOCI Others I. Balances at Beginning of Period 4,200 12 - 773 25,643 (2,826) 2,167 33,263 (1,427) (11,229) 187,934 91,279 - 329,789 1,620 331,409 II. Correction made as per TAS 8 - - - - - - - - - - - - - - - - 2.1. Effect of Corrections - - - - - - - - - - - - - - - - 2.2. Effect of Changes in Accounting Policies - - - - - - - - - - - - - - - - III. Adjusted Balances at Beginning of Period (I+II) 5.5 4,200 12 - 773 25,643 (2,826) 2,167 33,263 (1,427) (11,229) 187,934 91,279 - 329,789 1,620 331,409 IV. Total Comprehensive Income - - - - 3,997 (832) 902 16,657 (622) (4,993) - - 83,418 98,527 1,074 99,601 V. Capital Increase in Cash - - - - - - - - - - - - - - - - VI. Capital Increase from Internal Sources - - - - - - - - - - - - - - - - VII. Capital Reserves from Inflation Adjustments to Paid-in Capital - - - - - - - - - - - - - - - - VIII Convertible Bonds - - - - - - - - - - - - - - - - IX. Subordinated Liabilities - - - - - - - - - - - - - - - - X. Others Changes - - - - - - - - - - 221 125 - 346 - 346 XI. Profit Distribution - - - - - - - - - - 72,845 (91,280) - (18,435) (528) (18,963) 11.1 Dividends - - - - - - - - - - - (18,435) - (18,435) (528) (18,963) 11.2 Transfers to Reserves - - - - - - - - - - 72,831 (72,831) - - - - 11.3 Others - - - - - - - - - - 14 (14) - - - - Balances at end of the period (III+IV+…+X+XI) 4,200 12 - 773 29,640 (3,658) 3,069 49,920 (2,049) (16,222) 261,000 124 83,418 410,227 2,166 412,393 I. Balances at Beginning of Period 4,200 12 - 773 34,238 (3,924) 3,298 52,307 (604) (17,196) 261,061 109,908 - 444,073 2,563 446,636 II. Correction made as per TAS 8 - - - - - - - - - - - - - - - - 2.1. Effect of Corrections - - - - - - - - - - - - - - - - 2.2. Effect of Changes in Accounting Policies - - - - - - - - - - - - - - - - III. Adjusted Balances at Beginning of Period (I+II) 5.5 4,200 12 - 773 34,238 (3,924) 3,298 52,307 (604) (17,196) 261,061 109,908 - 444,073 2,563 446,636 IV. Total Comprehensive Income - - - - 657 (1,189) 668 8,257 (5,146) (2,868) - - 96,623 97,002 1,542 98,544 V. Capital Increase in Cash - - - - - - - - - - - - - - - - VI. Capital Increase from Internal Sources - - - - - - - - - - - - - - - - VII. Capital Reserves from Inflation Adjustments to Paid-in Capital - - - - - - - - - - - - - - - - VIII Convertible Bonds - - - - - - - - - - - - - - - - IX. Subordinated Liabilities - - - - - - - - - - - - - - - - X. Others Changes - - - - - - - - - - 170 186 - 356 - 356 XI. Profit Distribution - - - - - - - - - - 87,696 (109,817) - (22,121) (754) (22,875) 11.1 Dividends - - - - - - - - - - - (22,121) - (22,121) (754) (22,875) 11.2 Transfers to Reserves - - - - - - - - - - 87,670 (87,670) - - - - 11.3 Others - - - - - - - - - - 26 (26) - - - - Balances at end of the period (III+IV+…+X+XI) 4,200 12 - 773 34,895 (5,113) 3,966 60,564 (5,750) (20,064) 348,927 277 96,623 519,310 3,351 522,661 9 Minority Interest Total Shareholders' Equity The accompanying notes are an integral part of these consolidated financial statements. PRIOR PERIOD (01/01/2025-30/09/2025) CURRENT PERIOD (01/01/2026-30/09/2026) Consolidated Statement of Changes in Shareholders' Equity Other Comprehensive Income/Expense Items not to be Recycled to Profit or Loss Other Comprehensive Income/Expense Items to be Recycled to Profit or Loss MILLIONS OF TURKISH LIRA (TL) STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY Footnotes Paid-in Capital Share Premium Share Cancellation Profits Other Capital Reserves Profit Reserves Prior Periods' Profit/Loss Current Period's Net Profit/Loss Shareholders' Equity Before Minority Interest
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Statement of Cash Flows For the period ended at 30 September 2026 CURRENT PERIOD PRIOR PERIOD 1 January 2026- 1 January 2025 - A. CASH FLOWS FROM BANKING OPERATIONS 1.1 Operating profit before changes in operating assets and liabilities 5.6 190,537 101,507 1.1.1 Interests received 681,290 543,946 1.1.2 Interests paid (473,808) (434,005) 1.1.3 Dividend received 374 261 1.1.4 Fees and commissions received 200,160 147,969 1.1.5 Other income 24,291 19,819 1.1.6 Collections from previously written-off receivables 12,718 8,600 1.1.7 Cash payments to personnel and service suppliers (148,191) (110,325) 1.1.8 Taxes paid (31,848) (24,443) 1.1.9 Others (74,449) (50,315) 1.2 Changes in operating assets and liabilities 5.6 (35,627) (39,596) 1.2.1 Net (increase) decrease in financial assets measured at FVTPL (10,748) (2,352) 1.2.2 Net (increase) decrease in due from banks 33,392 (201,836) 1.2.3 Net (increase) decrease in loans (593,512) (746,757) 1.2.4 Net (increase) decrease in other assets (274,513) (39,248) 1.2.5 Net increase (decrease) in bank deposits 16,955 (50,200) 1.2.6 Net increase (decrease) in other deposits 467,009 818,801 1.2.7 Net increase (decrease) in financial liabilities measured at FVTPL - ( 2,075) 1.2.8 Net increase (decrease) in funds borrowed 41,315 118,666 1.2.9 Net increase (decrease) in matured payables - - 1.2.10 Net increase (decrease) in other liabilities 284,475 65,405 I. Net cash flow from banking operations 5.6 154,910 61,911 B. CASH FLOWS FROM INVESTING ACTIVITIES II. Net cash flow from investing activities 5.6 (23,654) (60,881) 2.1 Cash paid for purchase of associates, subsidiaries and joint-ventures (3,600) (870) 2.2 Cash obtained from sale of associates, subsidiaries and joint-ventures - - 2.3 Purchases of tangible assets (9,244) (10,827) 2.4 Sales of tangible assets 3,833 5,049 2.5 Cash paid for purchase of financial assets measured at FVOCI (309,496) (172,579) 2.6 Cash obtained from sale of financial assets measured at FVOCI 263,311 137,711 2.7 Cash paid for purchase of financial assets measured at amortised cost (38,691) (52,737) 2.8 Cash obtained from sale of financial assets measured at amortised cost 70,223 33,372 2.9 Others 10 - C. CASH FLOWS FROM FINANCING ACTIVITIES III. Net cash flow from financing activities 48,169 94,013 3.1 Cash obtained from funds borrowed and securities issued 215,844 207,740 3.2 Cash used for repayment of funds borrowed and securities issued (141,371) (92,899) 3.3 Equity instruments issued - - 3.4 Dividends paid (22,875) (18,963) 3.5 Payments for leases (3,429) (1,865) 3.6 Others - - IV. Effect of translation differences on cash and cash equivalents 5.6 3,004 13,478 V. Net increase/(decrease) in cash and cash equivalents (I+II+III+IV) 5.6 182,429 108,521 VI. Cash and cash equivalents at beginning of period 5.6 384,763 202,946 VII. Cash and cash equivalents at end of period (V+VI) 5.6 567,192 311,467 The accompanying notes are an integral part of these consolidated financial statements. STATEMENT OF CASH FLOWS Footnotes 30 September 2026 30 September 2025 MILLIONS OF TURKISH LIRA (TL) 10
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements C onsolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 11 3 Accounting Policies 3.1 Basis of presentation The Parent Bank and its consolidated financial subsidiaries prepare their consolidated financial statements in accordance with the Banking Regulation and Supervision Authority (“BRSA”) Accounting and Reporting Regulation which includes the regulation on “The Procedures and Principles Regarding Banks’ Accounting Practices and Maintaining Documents” published in the Official Gazette dated 1 November 2006 with No. 26333, and other regulations on accounting records of banks published by the Banking Regulation and Supervision Board and circulars and pronouncements published by the BRSA and Turkish Financial Reporting Standards (“TFRS”) published by the Public Oversight Accounting and Auditing Standards Authority (“POA”) for the matters not regulated by the aforementioned legislations. The accompanying consolidated financial statements are prepared in accordance with the historical cost basis except for financial assets and liabilities at fair value through profit or loss, financial assets measured at fair value through other comprehensive income, and real estates which are presented on a fair value basis. Prepared in accordance with the “Communiqué amending the Communiqué on the Financial Statements and R elated Disclosures and Footnotes to be Announced to Public by Banks ” published in the Official Gazette dated 1 February 2019 with No. 30673. The accounting policies and the valuation principles applied in the preparation of the accompanying financial statements are explained in Notes from 3.2 to 3.29. 3.1.1 Changes in Accounting policies and disclosures New and revised Turkish Accounting Standards effective for annual periods beginning on or after 1 January 2026 have no material effect on the financial statements, financial performance, and on the Group’s accounting policies. New and revised Turkish Accounting Standards issued but not yet effective as of the finalization date of the financial statements have no material effect on the financial statements, financial performance, and on the Group’s accounting policies. 3.1.2 Other a) Entities whose functional currency is the currency of a hyperinflationary economy present their financial statements in terms of the measuring unit current at the end of the reporting period according to “TAS 29 Financial Reporting in Hyperinflation Economies”. Based on the announcement made by Public Oversight, Accounting and Auditing Standards Authority (POA) on 23 November 2023, entities applying Turkish Financial Reporting Standards (TFRS) are required to present their financial statements by adjusting for the impact of inflation for the annual reporting period ending on or after 31 December 2023, in accordance with the accounting principles specified in TAS 29. In the same announcement, it was stated that institutions or organizations authorized to regulate and supervise in their respective scope might determine different transition dates for the implementation of inflation accounting, and in this context, Banking Regulation a nd S upervision Agency (BRSA) has decided in accordance with the Board decisions numbered 10744 on 12 December 2023, numbered 10825 on 11 January 2024, numbered 11021 on 5 December 2024 and finally, numbered 11340 on 18 December 2025 that banks, financial leasing, factoring, financing, savings financing and asset management companies has not applied inflation adjustment required under TAS 29 for the years 2023, 2024, 2025, and 2026. b) In February 2019, POA issued TFRS 17, a comprehensive new accounting standard for insurance contracts covering recognition and measurement, presentation, and disclosure . T FRS 17 introduces a model that both measures insurance contract liabilities at their current balance sheet value and recognizes profit over the period in which the services are provided. With the announcement made by POA, the mandatory effective date of the Standard has been postponed to accounting periods beginning on or after 1 January 2027. Accordingly, the Group has not applied the related standard in the consolidated financial statements of its subsidiary Garanti Emeklilik ve Hayat A.Ş.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 12 3.2 Strategy for use of financial instruments and foreign currency transactions 3.2.1 Strategy for use of financial instruments The liability side of the balance sheet is intensively composed of short-term deposits in line with the general trend in the banking sector. In addition to deposits, the Parent Bank and its financial subsidiaries have access to longer-term borrowings via borrowings from abroad. In order to manage the interest rate risk arising from short -term deposits, the Parent Bank and its financial subsidiaries are keen on maintaining floating rate instruments such as government bonds with quarterly coupon payments and instruments like credit cards and consumer loans providing regular cash inflows. A portion of the fixed-rate securities and loans and the bonds are hedged under fair value hedges. The fair value risks of such fixed-rate assets and financial liabilities are hedged with interest rate swaps and cross currency swaps. The fair value changes of the hedged fixed-rate financial assets and financial liabilities together with the changes in the fair value of the hedging instruments, namely interest rate swaps and cross-currency swaps, are accounted under net trading income/losses in the income statement. At the inception of the hedge and during the subsequent periods, the hedge is expected to achieve the offsetting of changes in fair value attributable to the hedged risk for which the hedge is designated, and accordingly, the hedge effectiveness tests are performed. It may classify the financial assets and liabilities as at fair value through profit or loss at the initial recognition in order to eliminate any accounting inconsistency. The fundamental strategy to manage the liquidity risk that may incur due to short -term structure of funding is to expand the deposit base through customer -oriented banking philosophy and to increase customer transactions and retention rates. The widespread and effective branch network, advantage of primary dealership, and strong market share in the treasury and capital markets, are the most effective tools in the realisation of this strategy. For this purpose, serving customers by introducing new products a nd services continuously and reaching the customers satisfaction are very important. Another influential factor in the management of the interest and liquidity risk on balance sheet is product diversification both on asset and liability sides. Exchange rate risk, interest rate risk, and liquidity risk are controlled and measured by various risk management systems, and the balance sheet is managed under the limits set by these systems and the limits legally required. Asset-liability management and value-at-risk models, stress tests, and scenario analysis are used for this purpose. Purchase and sale of short and long-term financial instruments are allowed within the pre-determined limits to generate risk-free return on capital. The foreign currency position is controlled by the equilibrium of a currency basket to eliminate the foreign exchange risk. 3.2.2 Foreign currency transactions Foreign exchange gains and losses arising from foreign currency transactions are recorded at transaction dates. At the end of the periods, foreign currency assets and liabilities are evaluated with the Parent Bank’s spot purchase rates for the Parent Bank and domestic financial subsidiaries, and the differences are recorded as foreign exchange gain or loss in the income statement. During the consolidation of foreign subsidiaries, the assets and liabilities are translated into TL at exchange rates ruling at the balance sheet date, and the income and expenses in income statement are translated into TL using monthly average exchange ra tes. Foreign exchange differences arising from the translation of income and expenses and other equity items are recognized in “other comprehensive income/expense items to be recycled to profit or loss under the shareholders’ equity.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 13 In the current period, net investment hedge amounting to EURO 780,583,575 (31 December 2025: EURO 780,583,575) is applied in total among investments in Garanti Bank International NV and Garanti Holding BV having capitals denominated in foreign currencies and long- term foreign currency borrowings. Foreign exchange losses amounting to TL 29,077 (31 December 2025: TL 24,925), arising from conversion of both foreign currency investments and long- term foreign currency borrowings are accounted under capital reserves and other comprehensive income/expense items to be recycled to profit/loss, respectively under equity as of 30 September 2026. There is no ineffective portion arising from net investment hedge accounting. 3.3 Information on consolidated subsidiaries As of 30 September 2026, Türkiye Garanti Bankası Anonim Şirketi and the following financial subsidiaries are consolidated in the accompanying consolidated financial statements; Garanti Bank International (GBI), Garanti Finansal Kiralama AŞ (Garanti Finansal Kiralama), Garanti Yatırım Menkul Kıymetler AŞ (Garanti Yatırım), Garanti Portföy Yönetimi AŞ (Garanti Portföy), Garanti Emeklilik ve Hayat AŞ (Garanti Emeklilik), Garanti Faktoring AŞ (Garanti Faktoring), Garanti Ödeme Sistemleri AŞ (GÖSAŞ), Garanti Holding BV (Garanti Holding) and Garanti Ödeme ve Elektronik Para Hizmetleri AŞ (TAMİ). Garanti Finansal Kiralama was established in 1990 to perform financial lease activities and all related transactions and contracts. The company’s head office is in Istanbul. The Parent Bank increased its shareholding to 100% through a further acquisition of 0.04% of the company’s shares on 21 October 2014. Garanti Faktoring was established in 1990 to perform import, export and domestic factoring activities. The company’s head office is in Istanbul. The Parent Bank owns 81.84% of Garanti Faktoring shares including the shares acquired in the market, T. İhracat Kredi Bankası AŞ owns 9.78% of the company’s shares and the remaining 8.38% shares are held by public. GBI was established in October 1990 to perform banking activities abroad. The head office of this bank is in Amsterdam. It is wholly owned by the Parent Bank. Garanti Yatırım was established in 1991 to perform brokerage activities for marketable securities, valuable papers and documents representing financial values or financial commitments of issuing parties other than securities. The company’s head office is in Istanbul. It is wholly owned by the Parent Bank. Garanti Yatırım Ortaklığı AŞ that Garanti Yatırım participated by 3.61%, has been consolidated in the accompanying consolidated financial statements due to the company’s right to elect all the members of the Board of Directors as resulted from its privilege in election of board members. In 1992, it was decided to operate life and health branches under a different company and accordingly Garanti Hayat Sigorta AŞ was established. Garanti Hayat Sigorta AŞ was converted into a private pension company in compliance with the legislation early in 2003 and its name was changed as Garanti Emeklilik ve Hayat AŞ. Following the sale transactions that took place on 21 June 2007, the Parent Bank’s ownership in Garanti Emeklilik decreased to 84.91%. The head office of this company is in Istanbul. Garanti Portföy was established in June 1997 to manage the customer portfolios by using the capital market products in compliance with the principles and rules of the regulations regarding the company’s purpose of establishment and the portfolio management agreements signed with the customers. The company’s head office is in Istanbul. It is wholly owned by the Parent Bank. Garanti Ödeme Sistemleri was incorporated in 1999. It offers the infrastructure required clearing and reconciliation transactions among participants. It constitutes, operates and develops the system, platform and infrastructures ensuring or supporting any and all types of payments or money transfers without having to use cash.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 14 Garanti Holding was established in December 2007 in Amsterdam and all its shares was purchased by the Bank from Doğuş Holding AŞ in May 2010. On 27 January 2011, the consolidated subsidiary’s legal named changed to Garanti Holding BV from D Netherlands BV. Garanti Ödeme ve Elektronik Para Hizmetleri was established in 2022 with a shareholding structure of 50% Garanti BBVA and 50% Garanti Ödeme Sistemleri A.Ş. As of 16 May 2024, following a capital increase by the Parent Bank, the Company’s shareholding structure changed to 80.53% Garanti BBVA and 19.47% Garanti Ödeme Sistemleri A.Ş. On 30 January 2024, the Company was granted a license by the Central Bank of the Republic of Türkiye, authorizing it to operate as a payment and electronic money institution and t o provide electronic money issuance services.As of 10 February 2025, following a further capital increase by the Parent Bank, the shareholding structure changed to 89.80% Garanti BBVA and 10.20% Garanti Ödeme Sistemleri A.Ş. As of 12 February 2026, following an additional capital increase, the shareholding structure became 97.69% Garanti BBVA and 2.31% Garanti Ödeme Sistemleri A.Ş. Garanti Diversified Payment Rights Finance Company and RPV Company are structured entities established for the Parent Bank’s DPR transactions, and consolidated in the accompanying consolidated financial statements. The Parent Bank or any of its subsidiaries does not have any shareholding interests in these companies. Non-financial subsidiaries owned by the Parent Bank and its subsidiaries within the scope of consolidation are accounted by using the equity method as defined in TAS 28 “Investments in Associates and Joint Ventures”. 3.4 Forwards, options and other derivative transactions 3.4.1 Derivative financial assets Derivative financial assets measured at fair value through profit or loss The derivative transactions mainly consist of foreign currency and interest rate swaps, foreign currency options, and forward foreign currency purchase/sale contacts. Derivatives are initially recorded at their fair values. The related transaction costs are recognized in income statement at the date they incur. The changes in their fair values are recorded on balance sheet under “the portion of derivative financial asse ts measured at fair value through profit and loss” or “the portion of derivative financial liabilities measured at fair value through profit and loss”, respectively depending on the fair values being positive or negative. Fair value changes for derivatives are recorded in the account of “income/losses from derivative transactions” under statement of profit or loss. Within the scope of TFRS 13 Fair Value Measurement standard; (i) if there is a significant decrease in the volume or level of activity for that asset or liability in relation to normal market activity for the asset or liability (or similar assets or liabilities); (ii) when the transaction or quoted price does not represent fair value; and / or (iii) when a price for a similar asset requires significant adjustment to make it comparable to the asset being measured, or (iv) when the price is stable, an adjustm ent to the transactions or quoted prices is made and this adjustment is reflected to the fair value measurement. In this context, the point is determined within the range that is most representative of fair value under current market conditions. The Parent Bank uses off-shore market curve for swap and forward transactions with foreign institutions and uses the TLREF- based OIS (“Overnight Indexed Swap”) market curve for swap and forward transactions with domestic institutions in order to reflect the fair val ue measurement and performed the necessary fair value measurement adjustments. The spot legs of currency swap transactions are recorded on the balance sheet and the forward legs in the off- balance sheet accounts as commitment. In the initial phase of currency swaps, the currency exchange transactions to realise at value dates are recorded and followed as irrevocable commitments in the off-balance sheet accounts up to their value dates. Liabilities and receivables arising from the derivative instruments are followed in the off- balance sheet accounts at their contractual values.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 15 An embedded derivative is a component of a hybrid contract that also includes a non-derivative host with the effect that some of the cash flows of the combined instrument vary in a way similar to stand-alone derivative. An embedded derivative causes some or all of the cash flows that otherwise would be required by the contract to be modified according to a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating, or credit index, or other variables, provided in the case of a non- financial variable that the variable is not specific to contract. A derivative that is attached to a financial instrument but is contractually transferable independently of that instrument, or has a different counterparty, is not an embedded derivative but a separate financial instrument. If a hybrid contract contains a host that is an asset within the scope of this standard, it is applied the standard’s requirements about classification of financial assets to the entire hybrid contract. The Parent Bank and its consolidated financial subsidiaries do not have either any hybrid contract contains a host that is not an asset within the scope of this standard or a financial instrument which shall be separated from the host and accounted for as derivative under this standard. Credit derivatives; are capital market tools designed to transfer credit risk from one party to another. The credit derivatives portfolio included in the off -balance sheet accounts composes of total return swaps and credit default swaps resulted from protection buying or selling. Credit default swap; is a contract, in which the protection seller commits to pay the protection value to the protection buyer in case of certain credit risk events in return for the premium paid by the buyer for the contract. Credit default swaps are valued daily at their fair values. Total return swap; is a contract, in which the protection seller commits to make a certain payment and compensate the decreases in market values of the reference assets to the buyer under the condition that the protection buyer will transfer all the cash flows to be created by an d the increases in market values of the reference asset. It is entered into total return swap contract for the purpose of generating long-term funding. 3.4.2 Derivative financial instruments held for hedging purpose TFRS 9 permits to defer implementation of TFRS 9 hedge accounting and continue to apply hedge accounting in accordance with TAS 39 as a policy choice. Accordingly, the Group was applying hedge accounting in accordance with TAS 39 until 1 January 2025. As of 1 January 2025, The Parent Bank and its consolidated financial subsidiaries have started to apply TFRS 9 requirements for micro hedge derivative financial instruments and continues to apply TAS 39 requirements for macro fair value hedge derivative financial instruments. The Group applies T FRS 9 hedge accounting to all hedge relationships, with the exception of fair value hedges of the interest rate exposure of a portfolio of financial assets or financial liabilities. The Group enters into interest rate and cross currency swap transactions in order to hedge the changes in fair values of fixed-rate financial instruments. The changes in fair values of derivative instruments held for fair value hedges are recognised in “Income/Loss es from Derivative Financial Instruments”. If the hedging is effective, the changes in fair value of the hedged item is presented in the Statement of Financial Position together with the fixed-rate loan. In case of fixed -rate financial assets measured at fair value through other comprehensive income, such changes are reclassified from Shareholders’ Equity to Statement of Profit or Loss. Derivative financial assets measured at fair value through other comprehensive income The Parent Bank and its consolidated financial subsidiaries enter into interest rate and cross- currency swap transactions in order to hedge the changes in cash flows of the floating -rate financial instruments. While applying cash flow hedge accounting, the effective portion of the changes in the fair value of the hedging instrument is accounted for under “accumulated other comprehensive income or expense to be reclassified to profit or loss” in shareholders’ equity, and the ineffective portion is recognised in income statement. The changes recognized in shareholders’ equity are removed and included in statement of profit or loss in the same period when the hedged cash flows effect the income or loss.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 16 The Parent Bank and its consolidated financial subsidiaries discontinue hedge accounting prospectively only when the hedging relationship ceases to meet the qualifying criteria. This includes instances when the hedging instrument expires or is sold, terminated or exercised. For this purpose, the replacement or rollover of a hedging instrument into another hedging instrument is not an expiration or termination if such a replacement or rollover is part of, and consistent with, the Parent Bank’s documented risk managemen t objective. Additionally, for this purpose there is not an expiration or termination of the hedging instrument. Besides The Parent Bank and its consolidated financial subsidiaries perform effectiveness tests as an additional control at the beginning of hedge accounting and at each reporting period. Effectiveness tests are performed with the “Dollar off-set method” and if the effectiveness is between 80% and 125%, it is reviewed in accordance with TFRS 9 regarding the continuation of the hedging relationship. When discontinuing fair value hedge accounting, the cumulative fair value changes in carrying value of the hedged item arising from the hedged risk are amortised to Statement of Profit or Loss under trading account income/loss caption over the maturity of the hedged item from that date of the hedge accounting is discontinued. While discontinuing cash flow hedge accounting, the cumulative gains/losses recognised in shareholders’ equity and presented under Other Comprehensive Income or Expense to be Recycled to Profit or Loss, are continued to be kept in this account. When the cash flows of hedged item incur, the gain/losses accounted for under Shareholders’ Equity, are recognised in Statement of Profit or Loss considering the original maturity. 3.5 Interest income and expenses General Interest is recorded according to the effective interest rate method (rate equalizing future cash flows of financial assets or liabilities to net present value) defined in the TFRS 9 “Financial Instruments” standard by applying the effective interest rate to the gross carrying amount of a financial asset except for: purchased or originated credit-impaired financial assets or financial assets that are not purchased or originated credit - impaired financial assets but subsequently have become credit -impaired financial assets. In applying the effective interest method, it is identified fees that are an integral part of the effective interest rate of a financial instrument. Fees that are an integral part of the effective interest rate of a financial instrument are treated as an adjustment to the effective interest rate, unless the financial instrument is measured at fair value, with the change in fair value being recognised in profit or loss. In those cases, such fees are accounted as revenue or expense when the financial instrument is initially recognised in the financial statements. When applying the effective interest method, it is amortised any fees, transaction costs and other premiums or discounts that are included in the calculation of the effective interest rate over the expected life of the financial instrument. In case an interest was accrued on a security before its acquisition, the collected interest is divided into two parts as interest before and after the acquisition and only the interest income of the period after the acquisition is recorded as interest income in the financial statements. If the expectations for the cash flows in the financial asset are revised for reasons other than the credit risk, the amendment is reflected in the carrying amount of the asset and in the related income statement line and is amortized over the estimated life of the financial asset. If the financial asset is impaired and classified as a non -performing receivable, it is applied the effective interest rate on the amortized cost of the asset for subsequent reporting periods. Such interest income calculation is made on an individual contract basis for all financial assets subject to impairment calculation. It is used effective interest rate during calculation of loss given default rate in expected credit loss models and accordingly, the calculation of expected credit losses includes an interest amount. Therefore, a reclassification is made between the accounts of “expected credit losses” expense and “interest income from loans” for interest amounts calculated in this way.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 17 If the credit risk of the financial instrument improves to the extent that the financial asset is no longer considered as impaired and the improvement can be attributed to an incident that eventually takes place (such as an increase in the loan's credit rating), the system calculates interest income at subsequent reporting periods by applying the effective interest rate to the gross amount. Financial lease activities Total of minimum rental payments including interests and principals are recorded under “financial lease receivables” as gross. The difference, i.e. the interest, between the total of rental payments and the cost of the related tangible asset is recorded un der “unearned income”. When the rent payment incurs, the rent amount is deducted from “financial lease receivables”; and the interest portion is recorded as interest income in the income statement. 3.6 Fees and commissions Fees and commissions except for which are integral part of the effective interest rates of financial instruments measured at amortized costs, are accounted for in accordance with TFRS 15 “Revenue from Contracts with Customers”. Except for certain fees related with certain banking transactions and recognized when the related service is given, fees and commissions received or paid, and other fees and commissions paid to financial institutions are accounted under accrual basis of accounting throughout the service period. The income derived from agreements or asset purchases from real -person or corporate third parties are recognized as income when realized. 3.7 Financial instruments 3.7.1 Initial recognition of financial instruments It shall be recognised a financial asset or a financial liability in its statement of financial position when, and only when, an entity becomes party to the contractual provisions of the instrument. A regular way purchase or sale of financial assets shall be recognised and derecognised, as applicable, using trade date accounting or settlement date accounting. Purchase and sale transactions of securities are accounted for the settlement date. 3.7.2 Initial measurement of financial instruments The classification of financial instruments at initial recognition depends on the contractual conditions and the relevant business model. Except for the assets in the scope of TFRS 15 “Revenue from Contracts with Customers”, at initial recognition, financial assets or financial liabilities are measured at fair value. At initial recognition, financial asset or a financial liability exclusive the ones at fair value through profit or loss are measured at its fair value plus or minus, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. 3.7.3 Classification of financial instruments On which category a financial instrument shall be classified at initial recognition depends on both the business model for managing the financial assets and the contractual cash flow characteristics of the financial asset. 3.7.3.1 Assessment of the business model As per TFRS 9, the business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. The business model does not depend on management’s intentions for an individual instrument. Accordingly, this condition is not an instrument -by- instrument approach to classification and should be determined on a higher level of aggregation. During assessment of the business model for management of financial assets, it must be considered all relevant evidence that is available at the date of the assessment. Such relevant evidence includes below: - How the performance of the business model and the financial assets held within that business model are evaluated and reported to the key management personnel; - The risks that affect the performance of the business model (and the financial assets held within that business model) and, in particular, the way in which those risks are managed; and - how managers of the business are compensated (for example, whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected).
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 18 Assessment of the business model is not performed on the basis of scenarios that the entity does not reasonably expect to occur, such as so-called ‘worst case’ or ‘stress case’ scenarios. If cash flows are realised in a way that is different from the expectations at the date that it is assessed the business model, that does not give rise to a prior period error in the financial statements nor does it change the classification of the remaining financial assets held in that business model as long as it is considered all relevant information that was available at the time that it made the business model assessment. However, when the business model is assessed for newly originated or newly purch ased financial assets, it must be considered information about how cash flows were realised in the past, along with all other relevant information. The business models are divided into three categories. These categories are defined below: - A business model whose objective is to hold assets in order to collect contractual cash flows: A business model whose objective is to hold assets in order to collect contractual cash flows are managed to realise cash flows by collecting contractual payments over the life of the instrument. The financial assets that are held within the scope of this business model are measured at amortised cost when the contractual terms of the financial asset meet the condition of giving rise on specified dates to contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. - A business model whose objective is achieved by both collecting contractual cash flows and selling financial assets: It may be held financial assets in a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. Fair value change of the financial assets that are held within the scope of this business model is accounted under other comprehensive income when the contractual terms of the financial asset meet the condition of giving rise on specified dates to contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. - Other business models: Financial assets are measured at fair value through profit or loss if they are not held within a business model whose objective is to hold assets to collect contractual cash flows or within a business model whose objective is achieve d by both collecting contractual cash flows and selling financial assets. 3.7.3.2 Contractual cash flows that are solely payments of principal and interest on the principal amount outstanding As per TFRS 9, a financial asset is classified on the basis of its contractual cash flow characteristics if the financial asset is held within a business model whose objective is to hold assets to collect contractual cash flows or within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. In a basic lending arrangement, consideration for the time value of money and credit risk are typically the most significant elements of interest. In order to assess whether the element provides consideration for only the passage of time, an entity applies judgment and considers relevant factors such as the currency in which the financial asset is denominated and the period for which the interest rate is set. When the contractual conditions are exposed to the risks which are not consistent with the basic lending arrangement or variability of cash flows, the relevant financial asset is measured at fair value through profit or loss. 3.7.4 Measurement categories of financial assets and liabilities All financial assets are classified based on the business model for managing the financial assets. Accordingly, financial assets are classified in three main categories as listed below: - Financial assets measured at amortized cost, - Financial assets measured at fair value through other comprehensive income, - Financial assets measured at fair value through profit or loss.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 19 Financial investments and loans measured at amortised cost Financial investments and loans are measured at amortised cost if both of the following conditions are met: - Financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and - Contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial investments measured at amortised cost: subsequent to the initial recognition, financial investments measured at amortised cost are accounted at amortised cost calculated by using the effective interest rate method. The expected losses calculated for the relevant financial assets in accordance with TFRS 9 are presented in Note 5.1.8.5. Loans: financial assets other than those held for trading in short term or generated through providing money, commodity and services to debtors. Loans are financial assets with fixed or determinable payments and not quoted in an active market. Loans are recognized at cost and measured at amortized cost using the effective interest method. Duties paid, transaction costs and other similar expenses on assets received against such risks are considered as a part of transaction cost and charged to customers. The expected losses calculated for the relevant financial assets in accordance with TFRS 9 are presented in Note 5.1.5.11. Financial assets measured at fair value through other comprehensive income As per TFRS 9, financial investments are measured at fair value through other comprehensive income if both of the following conditions are met: - Financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and - Contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A gain or loss on a financial asset measured at fair value through other comprehensive income shall be recognised in other comprehensive income, except for impairment gains or losses and foreign exchange gains and losses, until the financial asset is derecognised or reclassified. If the financial asset is reclassified as financial assets measured at fair value through profit or loss, the cumulative gain or loss previously recognised in other comprehensive income is reclassified from equity to profit or loss as a reclassification adjustment at the reclassification date. Financial assets measured at fair value through other comprehensive income are measured at their fair values subsequently. However, assets for which fair values could not be determined reliably are valued at amortized cost by using the discounting method with effective interest rate, that approximates to fair value, for floating- rate securities; and by using valuation models or discounted cash flow techniques for fixed-rate securities. Unrecognised gains/losses derived from the difference between their fair value and the discounted values are recorded in accumulated other comprehensive income or expense to be reclassified to profit or loss under the shareholders’ equity. In case of sales, the gain/losses arising from fair value measurement accumulated under shareholders’ equity are recognized in income statement. Interests calculated and/or earned by using the effective interest method during holding of financial assets measured at fair value through other comprehensive income are recorded primarily in interest income. In case of sale of such debt securities are so ld before maturity date, the difference between the sales income calculated as difference between the cost in accordance with the Uniform Chart of Accounts and the sale price and the recognized interest income is transferred to “trading account income/losses”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 20 The Parent Bank also consumer price indexed government bonds (“CPI”) in its securities portfolio, reclassified as financial assets measured at fair value through other comprehensive income, financial assets measured at fair value through profit or loss and financial assets measured at amortised cost. CPI’s are valued and accounted based on the effective interest rate method which is calculated according to the real coupon rate and the reference inflation index on the issue date. As it is mentioned in the Undersecretariat of Treasury’s Investor Guide of CPI, the reference index used during the calculation of the actual coupon payment amount is the previous two months’ CPI’s. The Bank determines its expected inflation rates in compliance with this guideline. The estimated inflation rate according to the Central Bank of Türkiye’s and the Bank’s expectations, may be updated during the year when it is considered necessary. Equity instruments measured at fair value through other comprehensive income At initial recognition, it can be made an irrevocable election to present in other comprehensive income subsequent changes in the fair value of an investment in an equity instrument within the scope of TFRS 9 that is neither held for trading nor contingent consideration recognised by an acquirer in a business combination to which TFRS 3 applies. Such election is made on an instrument-by-instrument basis. Amounts presented in other comprehensive income shall not be subsequently transferred to profit or loss. However, the cumulative gain or loss shall be transferred to prior period’s profit or loss. Dividends on such investments are recognised in profit or l oss unless the dividend clearly represents a recovery of part of the cost of the investment. TFRS 9 impairment requirements are not applicable for equity instruments. Financial assets and liabilities measured at fair value through profit or loss Financial assets valued at fair value through profit or loss are valued at their fair values and gain/loss arising on those assets is recorded in the income statement. Interest income earned on trading securities and the difference between their acquisition costs and amortized costs are recorded as interest income in the income statement. The differences between the amortized costs and the fair values of such securities are recorded under trading account income/losses in the income statement. In cases where such securities are sold before their maturities, the gains/losses on such sales are recorded under trading account income/losses. It is classified certain loans and securities issued at their origination dates, as financial assets/liabilities, irrevocably at fair value through profit or loss in order to eliminate any accounting mismatch in compliance with TFRS 9. The interest income/expense earned and the difference between the acquisition costs and the amortized costs of financial liabilities are recorded under interest income/expense in statement of profit or loss, the difference between the amortized costs and t he fair values of financial liabilities are recorded under trading account income/losses in statement of profit or loss. The amount of change in the fair value of the financial liability at fair value through profit or loss that is attributable to changes in the credit risk of that liability shall be presented in other comprehensive income unless it creates accounting mismatch or increases the accounting mismatch. Excluding the change in credit risk of the liability, the change in the fair value of the liability shall be recognized in profit or loss. 3.8 Disclosures on impairment of financial instruments Loss allowance for expected credit losses is recognised on financial assets and loans measured at amortised cost, financial assets measured at fair value through other comprehensive income, loan commitments, and financial guarantee contracts not measured at fair value through profit or loss based on TFRS 9 and the regulation published in the Official Gazette No. 29750 dated 22 June 2016 in connection with “Procedures and Principals regarding Classification of Loans and Allowances Allocated for Such Loans” effective from 1 January 2018. TFRS 9 impairment requirements are not applicable for equity instruments.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 21 At each reporting date, it shall be assessed whether the credit risk on a financial instrument has increased significantly since initial recognition. When making the assessment, it shall be used the change in the risk of a default occurring for the financi al instrument.As of the reporting date, if the credit risk on a financial instrument has not increased significantly since initial recognition, it shall be measured the loss allowance for that financial instrument at an amount equal to 12 -month expected credit losses. However, if there is a significant increase in credit risk of a financial instrument since initial recognition, it is measured loss allowance regarding such instrument at an amount equal to lifetime expected credit losses. The expected credit loss is calculated on a collective basis by means of grouping the financial assets having common credit risk features or on an individual basis. It is constituted a policy in order to make an assessment whether the credit risk on a financial instrument has increased significantly since initial recognition by taking into consideration change in the risk of a default occurring over the expected life of the financial instrument. The aforementioned policy is presented in note 3.8.3. The impairment model having 3 stages based on the change in credit quality since initial recognition based on TFRS 9 is explained below. 3.8.1 Calculation of expected credit losses Expected credit losses are calculated based on a probability-weighted estimate of credit losses (i.e. the present value of all cash shortfalls) over the expected life of the financial instrument. A cash shortfall is the difference between the cash flows that are due based on the contract and the cash flows that are expected to be received. Probability of Default (PD): PD refers to the likelihood that a loan will default, which is usually set at 12 months, given certain characteristics. Based on TFRS 9, it is used two different PDs in order to calculate expected credit losses: - 12-month PD: as the estimated probability of default occurring within the next 12 months following the balance sheet date. - Lifetime PD: as the estimated probability of default occurring over the remaining life of the financial instrument. Internal rating systems are used for both retail and commercial portfolios. The internal rating models used for the commercial portfolio include customer financial information and qualitative survey responses. Whereas behavioral and application scorecards used in the retail portfolio include; (i) the behavioral data of the customer and the product in the Bank, (ii) the demographic information of the customer, and (iii) the behavioral data of the customer in the sector. Probability of default calculation has been carried out based on past information, current conditions and forward-looking macroeconomic parameters. Loss Given Default (LGD): If a loan default occurs, it represents the economic loss incurred on the loan. It is expressed as a percentage. LGD calculations are performed using historical data which best reflect current conditions, by formation of segments based on certain risk factors that are deemed important for each portfolio and inclusion of forward- looking information and macroeconomic e xpectations. LGD summarizes all cash flows from customers subsequent to default. It covers all costs and collections that occur during the collection cycle, including collections from collaterals. It also includes the "time value of money" calculated by me ans of deducting costs and additional losses from the present value of collections. Exposure at Default (EAD): For cash loans, it corresponds to the amount of loan granted as of the reporting date. For non-cash loans and commitments, it is the value calculated through using credit conversion factors. Credit conversion factor corresponds to the factor which adjusts the potential increase of the exposure between the current date and the default date. When expected credit losses are estimated, it is considered three scenarios (base scenario, bad scenario, good scenario). Each of these three scenarios is associated with different probability of default, loss given default and exposure at default. When relevant, the assessment of multiple scenarios also incorporates how defaulted loans are expected to be recovered, including the probability that the loans will cure and the value of collateral or the amount that might be received for selling the asset.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 22 With the exception of credit cards and other revolving facilities, the maximum period for which the credit losses are determined is the contractual life of a financial instrument unless there is the legal right to call it earlier. Stage 1: 12-month expected credit loss represents the expected credit losses that result from default events on a financial instrument that are possible within the 12 months after the reporting date and calculated as the portion of lifetime expected credit losses. It is calculated 12-month expected credit loss based on a probability of default realized within 12 months after the reporting date. Such expected 12-month probability of default is applied on an expected exposure at default, multiplied with loss given default rate and discounted with the original effective interest rate. Such calculation is performed for each of three scenarios explained above. Stage 2: When a loan has shown a significant increase in credit risk since origination, it is calculated an allowance for the lifetime expected credit losses. Including multiple scenario usage, it is similar to descriptions above, but probability of default and loss given default rates are estimated through the life of the instrument. Estimated cash shortfalls are discounted by using the original effective interest rate. Stage 3: For the loans considered as impaired, it is accounted for lifetime expected credit losses. The methodology is similar to stage 2 and the probability of default is taken into account as 100%. It is considered a debt as default on these two below conditions; 1. Objective Default Definition: It means debt having past due more than 90 days. Current definition of default is based on a more than 90 days past due definition. If a loan is exactly 90 days past due, it will not be considered as default. Default status starts on the 91st day. 2. Subjective Default Definition: It means it is considered that a debt is unlikely to be paid. Whenever it is considered that an obligor is unlikely to pay its credit obligations, it should be considered as defaulted regardless of the existence of any past-due amount or the number of days past due. For the purpose of determining significant increases in credit risk and recognising a loss allowance on a collective basis, financial instruments are grouped on the basis of shared credit risk characteristics. In this context, the methodology developed for the estimation of expected credit losses should include the risk features which meet the criteria for carrying the same credit risk characteristics. Examples of the common credit risk characteristics include, but are not limited to, the following: - Customer type (retail or corporate/commercial) - Product type - Credit risk rating notes /scores - Sector/market segmentation - Collateral type - Loan to value ratio - Duration since origination of a loan - Remaining time to maturity - Exposure at default In addition, a certain portion of commercial and corporate loans is assessed individually in accordance with the internal policies in the calculation of the expected credit losses based on TFRS 9. Such calculations are made by discounting the expected cash deficits from the individual financial instrument to its present value using the effective interest rate. When measuring expected credit losses, it shall be considered the risk or probability that a credit loss occurs by reflecting the possibility that a credit loss occurs and the possibility that no credit loss occurs, even if the possibility of a credit loss occurring is very low. Such assessment is made by reflecting the estimate of expected credit loss which is unbiased and probability-weighted determined by evaluating a range of possible outcomes. In accordance with the internal policies, TFRS 9 models are updated once a year. The related model update was made in the third quarter of 2026 and has calculated credit losses provision is continued to calculated based on the updated model during 2026.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 23 3.8.1.1 Loan commitments and non-cash loans The expected credit losses on a loan commitment shall be discounted using the effective interest rate, or an approximation thereof, that will be applied when recognising the financial asset resulting from the loan commitment. This is because for the purpose of applying the impairment requirements, a financial asset that is recognised following a drawdown on a loan commitment shall be treated as a continuation of that commitment instead of as a new financial instrument. The expected credit losses on the financial asset shall therefore be measured considering the initial credit risk of the loan commitment from the date when becoming a party to the irrevocable commitment. Expected credit losses on financial guarantee contracts or on loan commitments for which the effective interest rate cannot be determined shall be discounted by applying a discount rate that reflects the current market assessment of the time value of money and the risks that are specific to the cash flows but only if, and to the extent that, the risks are taken into account by adjusting the discount rate instead of adjusting the cash shortfalls being discounted. 3.8.1.2 Debt instruments measured at fair value through other comprehensive income In accordance with TFRS 9, the impairment requirements for the recognition and measurement of a loss allowance for financial assets that are measured at fair value through other comprehensive income shall be applied. However, the loss allowance shall be recognised in other comprehensive income and shall not reduce the carrying amount of the financial asset in the statement of financial position. The expected credit loss is reflected in other comprehensive income and the accumulated amount is recycled to statement of profit/loss following the derecognition of related financial asset. 3.8.1.3 Credit cards and other revolving loans The Parent Bank and its financial subsidiaries subject to consolidation offer credit card and overdraft products which give ability to corporate and commercial customers demand repayment and cancel the undrawn commitment. Such products do not limit the period that en tities are exposed to credit losses with the contractual notice. For this reason, it is calculated the expected credit losses for these products over a period of time reflecting the anticipation of customer behavior, the likelihood of default, and future risk mitigation procedures such as the reduction or removal of undrawn limits. When determining the period over which it is expected to be exposed to credit risk, but for which expected credit losses would not be mitigated by normal credit risk management actions, it is considered factors such as historical information and experience about the below items: - the period over which the entity was exposed to credit risk on similar financial instruments; - the length of time for related defaults to occur on similar financial instruments following a significant increase in credit risk; and - the credit risk management actions that it is expected to be taken once the credit risk on the financial instrument has increased, such as the reduction or removal of undrawn limits. It is calculated expected credit losses on the revolving products of retail and corporate customers by considering 3 to 5 years. It is made assessment of significant increase in credit risk of revolving loans by considering qualitative and quantitative criteria considered for other credit products as explained in disclosure 3.8.3. 3.8.2 Forward-looking macroeconomic information Forward-looking macroeconomic information is incorporated into credit risk parameters during assessment of significant increases in credit risk and expected credit loss calculation. The incorporation of forward - looking information into the credit risk parameters consists of the following steps: Step 1: It is made specifications and estimates of econometric models that reveal past relationships between credit risk parameters and macroeconomic variables in order to be able to generate estimates based on macroeconomic information. Macroeconomic variable prevailing during these estimates is mainly the Gross Domestic Product (GDP). Step 2: Where macroeconomic scenarios do not include longer maturity, a process called “convergence to the mean” is applied.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 24 Step 3: In order to estimate the ultimate parameters to be used in the calculation of the expected credit losses, it is applied the methods of credit risk parameters reflection and forward- looking impact inclusion into the parameters. The Parent Bank updates its macroeconomic parameters incorporated into significant increases in credit risk and expected credit loss assessments quarterly. The Parent Bank takes into account different scenarios in the calculation of expected credit loss by evaluating the current economic conditions and expert opinions. Accordingly, the updated macroeconomic value estimates taken into account in the expected loss provisi on calculation are presented below as of 30 September 2026. Date GDP 31.12.2026 3.06% 31.12.2027 3.65% 31.12.2028 3.91% 31.12.2029 3.53% 31.12.2030 4.03% 3.8.3 Significant increase in credit risk Qualitative and quantitative assessments are performed regarding assessment of significant increase in credit risk. Qualitative assessment: It is classified the financial asset as Stage 2 (Significant Increase in Credit Risk) where any of the following conditions are satisfied as a result of a qualitative assessment. - Loans overdue more than 30 days as of the reporting date, - Loans classified as watchlist, - When there is a change in the payment plan due to refinancing, restructuring or concession, the loan is not considered as default or written off and the change is not due to any commercial reason. Quantitative assessment: The quantitative reason explaining the significant increase in the credit risk is based on a comparison of the probability of default calculated at the origination of the loan and the probability of default assigned for the same loan as of the reporting date. The absolute and relative thresholds used for the probability of default are differentiated on the basis of segment/ loan group. It is classified the related financial asset as stage 2 (Significant Increase in Credit Risk) where both of the following criteria are satisfied as a result of quantitative assessment. - Relative change in the Probability of Default (PD): If the "relative difference" between the probability of defaults as of the reporting date and the date when the loan is initially recognized in the financial statements is above the specified threshold - Absolute change in the PD: If the "absolute difference" between the probability of defaults as of the reporting date and the date when the loan is initially recognized in the financial statements is above the specified threshold (different from the threshold for the relative change). 3.8.4 Low credit risk As per TFRS 9, the credit risk on a financial instrument is considered as low if the financial instrument has a low risk of default, the borrower has a strong capacity to meet its contractual cash flow obligations in the near term and adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfill its contractual cash flow obligations.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 25 It is not considered financial instruments to have low credit risk when they are regarded as having a low risk of loss simply because of the value of collateral and the financial instrument without that collateral would not be considered low credit risk. Financial instruments are also not considered to have low credit risk simply because they have a lower risk of default than the other financial instruments or relative to the credit risk of the jurisdiction within which it is operated. If it is determined that a financial instrument has a low credit risk as of the reporting date, it is assumed that the credit risk of the financial instrument has not increased significantly following its first recognition in the financial statements. It is defined the definition of low credit risk based on the definition of High- Quality Liquid Asset given in the Regulation on the Liquidity Coverage Ratio Calculation and the principles of the risk weight calculation based on the external rating note of the receivables from the c entral banks and the central governments in accordance with the Regulation on the Measurement and Assessment of Banks’ Capital Adequacy. The financial instruments that are defined as having low credit risk based on TFRS 9 are as follows: - Receivables from the Central Bank of the Republic of Türkiye (required reserves, free reserves, placements etc.) - Loans with the counterparty of the Treasury of the Republic of Türkiye, - Receivables (reserves, free reserves, placements, etc.) from the central banks of the branches of the Parent Bank or its subsidiaries, securities issued or guaranteed by these central banks and securities issued/guaranteed by the treasury of these countries, - Loans granted to the treasury of countries having rating note of AA- and above and the securities issued or guaranteed by the treasury of these countries, - Local currency loans granted to the treasury of countries having rating below AA-, and securities in local currency issued or guaranteed by the treasury of these countries, - Securities exported or guaranteed by multilateral development banks or international organizations having rating of AA- and above. 3.8.5 Disclosures on write down policy The amendment with respect to the regulation on the Principles and Procedures Regarding the Classification of Loans and Reserves Set Aside for These Loans entered into force with its publication in the Official Gazette No.30961 on 27 November 2019. Pursuant to the regulation, the banks are enabled to write down and move off the balance sheet the portion of a loan which is classified as “Group V Loan” (Loans Classified as Loss) if it cannot reasonably be expected to be recovered. The Parent Bank performs obj ective and subjective assessments whether there is reasonable expectation. In accordance with TFRS 9, a provision is provided for the portions of the loans, that are not expected to be recovered as explained in the accounting policies “3.8 Disclosures on impairment of financial instruments” and “3.8.1 Calculation of expected credit losses ”. Accordingly, the loans which cannot be reasonably expected to be recovered regarding the opinions of the related department responsible from the collection and the portion up to the provision amount of the loans, that are classified as “Group V Loan” (Loans Classified as Loss), can be subject to write-down operation. In addition, all of the loans that meet the conditions in the below are assessed by the Parent Bank as having completely lost their ability to collect and can be written down based on the positive opinion of the related departments. i. Being monitored as a non-performing loan at least for 18 months, ii. Not having any collection in the last 6 months, iii. The absence of a qualified guarantee. The write-down of these loans, which are not possible to be collected, is an accounting policy and this policy does not result in waiving the right of receivables.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 26 3.9 Disclosures about netting and derecognition of financial instruments 3.9.1 Netting of financial instruments Financial assets and liabilities are offset and the net amount is reported in the balance sheet when the Parent Bank and its consolidated financial subsidiaries have legally enforceable rights to offset the recognized amounts and to collect/pay related financial assets and liabilities on a net basis, or there is an intention to realize the asset and settle the liability simultaneously. 3.9.2 Derecognition of financial instruments 3.9.2.1 Derecognition of financial assets due to change in the contractual terms Based on TFRS 9, the renegotiation or modification of the contractual cash flows of a financial asset can lead to the derecognition of the existing financial asset. When the modification of a financial asset results in the derecognition of the existing financial asset and the subsequent recognition of the modified financial asset, the modified asset is considered a ‘new’ financial asset. The Bank shall assess the characteristics of the new contractual terms of the financial asset based on quantitative and qualitative criteria. When the contractual cash flows of a financial asset are renegotiated or otherwise modified and the renegotiation or modification does not result in the derecognition of that financial asset, it is recalculated the gross carrying amount of the financial asset and in case a significant change is determined, it is recognized as a modification gain or loss in profit or loss. Where all risks and rewards of ownership of the asset have not been transferred to another party and it is retained control of the asset, it is continued to recognize the remaining portion of the asset and liabilities arising from such asset. When it is retained substantially all the risks and rewards of ownership of the transferred asset, the transferred asset continues to be recognised in its entirety and the consideration received is recognised as a liability. 3.9.2.2 Derecognition of a financial asset without any change in the contractual terms It is derecognised the asset if the contractual rights to cash flows from the financial asset are expired or the related financial asset and all risks and rewards of ownership of the asset are transferred to another party. Except for equity instruments measured at fair value through other comprehensive income, the total amount consisting of the gain or loss arising from the difference between the book value and the amount obtained and any accumulated gain directly accounted in equity shall be recognized in profit or loss. 3.9.2.3 Derecognition of financial liabilities A financial liability (or part of a financial liability) is removed from the statement of financial position only when the obligation is extinguished, so when the obligation specified in the contract is fulfilled, canceled or expired. 3.9.3 Reclassification of financial instruments Based on TFRS 9, it shall be reclassified all affected financial assets at amortised cost to financial assets measured at fair value through other comprehensive income and fair value through profit or loss in the subsequent accounting when, and only when, it is changed the business model for managing financial assets. 3.9.4 Restructuring and refinancing of financial instruments It may be changed the original contractual terms of a loan (maturity, repayment structure, guarantees and sureties) which were previously signed, in case the loan cannot be repaid or if a potential payment difficulty is encountered based on the new financing power and structure of the borrower. Restructuring is to change the financial terms of existing loans in order to facilitate the payment of debt. Refinancing is granting a new loan which will cover either the principal or the interest payment in whole or in part of one or a few existing loans due to the anticipated financial difficulty which the customer or group encounter currently or will encounter in the future. Changes in the original terms of a credit risk can be made in the current contract or through a new contract.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 27 Corporate and commercial companies which have been restructured and refinanced can be removed from the watchlist when the following conditions are met: - Subsequent to the thorough review of company's financial data and its owners' equity position, in circumstances when it is not anticipated that the owner of the company will face financial difficulties; and it is assessed that the restructured debt will be paid on time (starting from the date when the debt is restructured all due principal and interest payments are made on time) - At least 2 years should pass over the date of restructuring (or if it is later), the date of removal from non- performing loan category, 10% (or the ratio specified in the legislation) of the total principal amount at the time restructuring /refinancing shall be paid and no overdue amount (principal and interest) shall remain at the date of restructuring/refinancing. In order for the restructured non-performing corporate and commercial loans to be classified to the watchlist category, the following conditions must be met: - Recovery in debt service, - At least 1 year should pass over the date of restructuring, - Payment of all accrued and overdue amounts by debtor (interest and principal) since the date of restructuring /refinancing or the date when the debtor is classified as non- performing (earlier date to be considered) and fulfillment of the payment condition of all overdue amounts as of the date of restructuring /refinancing, - Collection of all overdue amounts, disappearance of the reasons for classification as non- performing receivable (based on the conditions mentioned above) and having no overdue more than 30 days as of the date of reclassification. During the follow-up period of at least two years following the date of restructuring/refinancing, if there is a new restructuring/refinancing or a delay of more than 30 days, the transactions which were non-performing at the beginning of the follow-up period are classified as non-performing loans again. The performing or non- performing retail loans being subject to restructuring shall be removed from the watchlist only if the debt is paid in full. 3.10 Repurchase and resale agreements and securities lending Securities sold under repurchase agreements are recorded on the balance sheet in compliance with the Uniform Chart of Accounts. Accordingly, government bonds and treasury bills sold to customers under repurchase agreements are classified as “Investments Subject to Repurchase Agreements” and valued based on the management’s future intentions, either at market prices or using discounting method with internal rate of return. Funds received through repurchase agreements are classified separately under liability accounts and the related interest expenses are accounted for on an accrual basis. Securities purchased under resale agreements are classified under “Money Markets Placements” separately. An income accrual is accounted for the positive difference between the purchase and resale prices earned during the period on such securities. Securities lending transactions are classified under “Money Markets” and the related expense accruals are accounted.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 28 3.11 Assets held for sale, assets of discontinued operations and related liabilities According to the Turkish Financial Reporting Standard 5 (TFRS 5) “Assets Held for Sale and Discontinued Operations”, a tangible asset (or a group of assets to be disposed) classified as “asset held for sale” is measured at lower of carrying value and fair value less costs to sell. An asset (or a group of assets to be disposed) is regarded as “asset held for sale” only when the sale is highly probable and the asset (or a group of assets to be disposed) is available for immediate sale in its present condition. For a highly probable s ale, there must be a valid plan prepared by the management for the sale of asset including identification of possible buyers and completion of sale process. Furthermore, the asset should be actively in the market at a price consistent with its fair value. Assets held for sale consist of tangible assets and investments in associates to be disposed that were acquired against non-performing receivables. A discontinued operation is a part of the business classified as sold or held for sale. The operating results of the discontinued operations are disclosed separately in income statement. The Parent Bank agreed on the terms of a share purchase agreement and through a board resolution dated 23 March 2026 authorized the subsidiaries Garanti Holding B.V and G Netherlands B.V. established in the Netherlands, to sell the shares they own representing 100% of the share capital of Garanti Bank S.A. and Motoractive IFN S.A. incorporated in Romania, to Raiffeisen Bank S.A. for a purchase price of EUR O 591,000,000. The closing of the sale transaction is subject to obtaining regulatory authorizations fr om the competent authorities. It is estimated that the closing of the sale transaction would take place in the fourth quarter of 2026. Following the fulfillment of the criteria set out under TFRS 5, the assets and liabilities of these subsidiaries have been classified under “Assets Held For Sale And Assets of Discontinued Operations” and “ Liabilities For Assets Held For Sale And Assets of Discontinued Operations,” respectively, in the statement of financial position. The income and expenses related to these asset groups have been presented under “Discontinued Operations” in the consolidated statement of profit or loss, while off-balance sheet commitments have been classified under “Other” in the relevant disclosures. The financial statements of these subsidiaries are also presented separately below. The financial statements of these subsidiaries are also presented separately in footnote 5.1.9.2.”. In accordance with TFRS requirements, the prior period statement of profit or loss as of 30 September 2025 has been restated to conform with the current period classification of discontinued operations, and the related comparative information is presented below.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 29 Restated Consolidated Statement of Profit or Loss for the Period Ended 30 September 2025 INCOME AND EXPENSE ITEMS MILLIONS OF TURKISH LIRA (TL) Previously Reported 1 January 2025- 30 September 2025 TFRS 5 Restatement Effect Restated 1 January 2025- 30 September 2025 I. INTEREST INCOME 569,401 (7,830) 561,571 1.1 Interest income on loans 409,972 (5,663) 404,309 1.2 Interest income on reserve deposits 54,616 (41) 54,575 1.3 Interest income on banks 30,237 (82) 30,155 1.4 Interest income on money market transactions 4,252 (1) 4,251 1.5 Interest income on securities portfolio 63,927 (1,441) 62,486 1.5.1 Financial assets measured at FVTPL 1,195 - 1,195 1.5.2 Financial assets measured at FVOCI 26,057 (62) 25,995 1.5.3 Financial assets measured at amortised cost 36,675 (1,379) 35,296 1.6 Financial lease income 5,332 (602) 4,730 1.7 Other interest income 1,065 - 1,065 II. INTEREST EXPENSE (-) 431,552 (3,973) 427,579 2.1 Interest on deposits 372,310 (3,369) 368,941 2.2 Interest on funds borrowed 9,412 (557) 8,855 2.3 Interest on money market transactions 40,901 (30) 40,871 2.4 Interest on securities issued 7,784 - 7,784 2.5 Lease interest expense 962 (16) 946 2.6 Other interest expenses 183 (1) 182 III. NET INTEREST INCOME (I - II) 137,849 (3,857) 133,992 IV. NET FEES AND COMMISSIONS INCOME/EXPENSES 104,411 (462) 103,949 4.1 Fees and commissions received 147,970 (880) 147,090 4.1.1 Non-cash loans 4,947 (98) 4,849 4.1.2 Others 143,023 (782) 142,241 4.2 Fees and commissions paid (-) 43,559 (418) 43,141 4.2.1 Non-cash loans 90 (13) 77 4.2.2 Others 43,469 (405) 43,064 V. DIVIDEND INCOME 261 (3) 258 VI. NET TRADING INCOME/LOSSES (Net) 162 (572) (410) 6.1 Trading account income/losses 1,003 (10) 993 6.2 Income/losses from derivative financial instruments (10,570) 307 (10,263) 6.3 Foreign exchange gains/losses 9,729 (869) 8,860 VII. OTHER OPERATING INCOME 53,067 (2,693) 50,374 VIII. TOTAL OPERATING PROFIT (III+IV+V+VI+VII) 295,750 (7,587) 288,163 IX. EXPECTED CREDIT LOSSES (-) 60,182 (2,931) 57,251 X. OTHER PROVISIONS (-) 257 (1) 256 XI. PERSONNEL EXPENSES (-) 43,157 (1,585) 41,572 XII. OTHER OPERATING EXPENSES (-) 80,836 (1,594) 79,242 XIII. NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII) 111,318 (1,476) 109,842 XIV. INCOME RESULTED FROM MERGERS - - - XV. INCOME/LOSS FROM INVESTMENTS UNDER EQUITY ACCOUNTING 2,031 1 2,032 XVI. GAIN/LOSS ON NET MONETARY POSITION - - - XVII. PROFIT/LOSS BEFORE TAXES (XIII+...+XVI) 113,349 (1,475) 111,874 XVIII. PROVISION FOR TAXES (±) 28,875 (190) 28,685 18.1 Current tax charge 27,345 (189) 27,156 18.2 Deferred tax charge (+) 6,840 (5) 6,835 18.3 Deferred tax credit (-) (5,310) 4 (5,306) XIX. NET OPERATING PROFIT/LOSS AFTER TAXES (XVII±XVIII) 84,474 (1,285) 83,189 XX. INCOME FROM DISCONTINUED OPERATIONS - 19,132 19,132 20.1 Income from assets held for sale - - - 20.2 Income from sale of associates, subsidiaries and joint-ventures - - - 20.3 Others - 19,132 19,132 XXI. EXPENSES FROM DISCONTINUED OPERATIONS (-) - 17,657 17,657 21.1 Expenses on assets held for sale - - - 21.2 Expenses on sale of associates, subsidiaries and joint-ventures - - - 21.3 Others - 17,657 17,657 XXII. PROFIT/LOSS BEFORE TAXES ON DISCONTINUED OPERATIONS (XX-XXI) - 1,475 1,475 XXIII. PROVISION FOR TAXES OF DISCONTINUED OPERATIONS (±) - 190 190 23.1 Current tax charge - 189 189 23.2 Deferred tax charge (+) - 5 5 23.3 Deferred tax credit (-) - (4) (4) XXIV. NET PROFIT/LOSS AFTER TAXES ON DISCONTINUED OPERATIONS (XXII±XXIII) - 1,285 1,285 XXV. NET PROFIT/LOSS (XIX+XXIV) 84,474 - 84,474 25.1 Equity holders of the bank 83,418 - 83,418 25.2 Minority interest 1,056 - 1,056 Earnings per Share 0.19861 - 0.19861
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 30 3.12 Goodwill and other intangible assets The intangible assets consist of goodwill, software, intangible rights and other intangible assets. Goodwill and other intangible assets are recorded at cost in accordance with the Turkish Accounting Standard 38 (TAS 38) “Intangible Assets”. The costs of other intangible assets purchased before 31 December 2004 are restated from the purchasing dates to 31 December 2004, the date the hyperinflationary period is considered to be ended. The intangible assets purchased after this date are recorded at their initial purchase costs. As per TAS 38, internally -generated software should be recognised as intangible assets if they meet the below-listed criteria: - The technical feasibility of completing the intangible asset so that it will be available for use, - Availability of the Parent Bank and its financial subsidiaries’ intention to complete and use the intangible asset, - The ability to use the intangible asset, - Clarity in probable future economic benefits to be generated from the intangible asset, - The availability of adequate technical, financial and other resources to complete the development phase and to start using the intangible asset, - The availability to measure reliably the expenditure attributable to the intangible asset during the development phase. The directly attributable development costs of intangible asset are included in the cost of such assets, however the research costs are recognised as expense as incurred. The intangible assets are amortised over their estimated useful lives based on their inflation -adjusted costs on a straight-line basis. Goodwill represents the excess of the total acquisition costs over the shares owned in the net assets of the acquired company at the date of acquisition. The “net goodwill” resulted from the acquisition of the investment and to be included in the consolida ted balance sheet, is calculated based on the financial statements of the investee company as adjusted according to the required accounting principles. If any goodwill is computed at consolidation, it is recorded under intangible assets on the asset side o f the consolidated balance sheet as an asset. It is assessed to identify whether there is any indication of impairment. If any such indication exists, the necessary provision is recorded as an expense in the income statement. The goodwill is not amortized. Estimated useful lives of the intangible assets except for goodwill, are 3-15 years and amortisation rates are 6.67-33.3%. If there is objective evidence of impairment, the asset’s recoverable amount is estimated in accordance with the Turkish Accounting Standard 36 (TAS 36) “Impairment of Assets” and if the recoverable amount is less than the carrying value of the related asset, a provision for impairment loss is provided.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 31 3.13 Tangible assets The cost of the tangible assets purchased before 31 December 2004 is restated from the purchasing dates to 31 December 2004, the date the hyperinflationary period is considered to be ended. The tangible assets purchased after this date are recorded at their historical costs. As of 1 November 2015, changing the existing accounting policy, it has been decided to apply revaluation model for properties recorded under tangible assets instead of cost model in accordance with the Turkish Accounting Standard 16 (TAS 16) “Property, Plant and Equipment”. Within this framework, the revaluation difference arising from the valuations performed by independent expertise firms for all real estates registered in the ledger is accounted under revaluation surplus on tangible and intangible assets under equity. If there is objective evidence of impairment, the asset’s recoverable amount is estimated in accordance with the Turkish Accounting Standard 36 (TAS 36) “Impairment of Assets” and if the recoverable amount is less than the carrying value of the related asset, a provision for impairment loss is provided. Gains/losses arising from the disposal of the tangible assets are calculated as the difference between the net book value and the net sale price. Maintenance and repair costs incurred for tangible assets, are recorded as expenses. There are no restrictions such as pledges, mortgages or any other restriction on tangible assets. The depreciation rates and estimated useful lives of tangible assets are presented below. Depreciation method in use was not changed in the current period. Tangible assets Estimated Useful Lives (Years) Depreciation Rates (%) Buildings 50 2 Vaults 50 2 Motor Vehicles 5-7 15-20 Other Tangible Assets 4-20 5-25 The depreciation of an asset held for a period less than a full financial year is calculated as a proportion of the full-year depreciation charge from the date of acquisition to the financial year-end. Useful lives of buildings are reviewed at least once a year and if current estimates are different than previous estimates, then the revised estimates are considered as accounting policy change in accordance with the Turkish Accounting Standard 8 (TAS 8) “ Accounting Policies, Changes in Accounting Estimates and Errors”. Investment properties Land and buildings that are held to earn rentals or for capital appreciation or both rather than for use in production, supply of goods or services, administrative purposes or sale in the ordinary course of business are classified as investment property. A s of 1 November 2015, changing the existing accounting policy, it has been decided to apply fair value model for investment properties instead of cost model in accordance with the Turkish Accounting Standard 40 (TAS 40) “Investment Property”. Accordingly, for all the investment properties registered in the ledger, a valuation study was performed by independent expertise firms and arising changes in their fair values resulting from these studies are recognized in statement of profit or loss at the date they incur.Investment properties accounted at fair value are not depreciated. Right-of-use assets Based on the Parent Bank’s assessment, lease branches, buildings and vehicles are recognized in compliance with TFRS 16 whereas ATM places and other leases are considered out of TFRS 16 scope as a result of materiality assessment. Therefore, these leases are recognized under Other Operating Expense.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 32 At the commencement date, the Parent Bank shall measure the right-of-use properties at cost in compliance with TFRS 16. The cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, any lease payments made at or before the commencement date, less a ny lease incentives received, any initial direct costs incurred by the lessee and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is loc ated or restoring the underlying asset to the condition required by the terms and conditions of the lease, unless those costs are incurred to produce inventories. After the commencement date, the right-of-use asset is measured by applying a cost model. To apply the cost model, the right -of-use asset is measured at cost less any accumulated depreciation and any accumulated impairment losses; and adjusted for any remeasurement of the lease liability. The depreciation requirements in TAS 16 “Property, Plant and Equipment” is applied in depreciating real assets considered as right-of-use asset. TAS 36 “Impairment of Assets” is applied to determine whether the real estates considered as right -of-use assets are impaired and to account for any impairment loss identified. 3.14 Leasing activities Leases, in which the majority of risks and returns of the related asset belong to the lessor, are classified as operational leases. The rent payments for leases that meet the conditions of exemptions stated in TFRS 16, are recognized as expense in related periods’ statements of profit or loss over the lease term in accordance with periodicity principle. Based on TFRS 16, at the commencement date, the lease liability is measured at the present value of the lease payments that are not paid at that date. The lease payments shall be discounted using the incremental borrowing interest rate. After the commencement date, the lease liability is measured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying amount to reflect the lease payments made; and remeasuring the carrying amount to reflect any reassessment or lease modifications, or to reflect revised in- substance fixed lease payments. Interest on the lease liability in each period during the lease term shall be the amount that produces a constant periodic rate of interest on the remaining balance of the lease liability. After the commencement date, the lease liability is remeasured to reflect changes to the lease payments. The amount of the remeasurement of the lease liability is recognised as an adjustment to the right-of-use asset. The lease liability is remeasured by discounting the revised lease payments using a revised discount rate, if either there is a change in the lease term or there is a change in the assessment of an option to purchase the underlying asset. However, if there is a change in future lease payments resulting from a change in an index or a rate used to determine those payments or if there is a change in the amounts expected to be payable under a residual value guarantee, an unchanged discount rate is used. For a lease modification that is not accounted for as a separate lease, at the effective date of the lease modification, the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. The revised discount rate is determined as the incremental borrowing interest rate at the effective date of the modification. The carrying amount of the right -of-use asset is decreased to reflect the partial or full termination of the lease for lease modifications that decrease the s cope of the lease. Any gain or loss relating to the partial or full termination of the lease is recognised in profit or loss. A corresponding adjustment to the right-of-use asset is made for all other lease modifications. 3.15 Provisions and contingent liabilities Provisions and contingent liabilities resulted from past events, if it is probable that the commitment will be settled and a reliable estimate can be made for the amount of the obligation, are accounted for in accordance with the Turkish Accounting Standar d 37 (TAS 37) “Provisions, Contingent Liabilities and Contingent Assets”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 33 3.16 Contingent assets The contingent assets usually arise from unplanned or other unexpected events that give rise to the possibility of an inflow of economic benefits to the Parent Bank or its financial subsidiaries. If an inflow of economic benefits has become probable, then the contingent asset is disclosed in the footnotes of the financial statements. If it has become virtually certain that an inflow of economic benefits will arise, the asset and the related income are recognized in the financial statements of the related period. 3.17 Liabilities for employee benefits Severance indemnities and short-term employee benefits As per the existing labor law in Türkiye , the entities are required to pay certain amounts to the employees who retired or were fired except for resignations or misbehaviors specified in the Turkish Labor Law. Accordingly, the Parent Bank and its financial subsidiaries subject to the labor law, reserved for employee severance indemnities in the accompanying financial statements using actuarial method in compliance with the Turkish Accounting Standard 19 (TAS 19) “Employee Benefits” for all its employees who retired or whose employment is terminated, called up for military service or died. The major actuarial assumptions used in the calculation of the total liability are as follows: Current Period Prior Period Net Effective Discount Rate 3.85% 3.85% Discount Rate 31.10% 31.10% Estimated Real Salary/Limit Increase Rate 1.50% 1.50% Inflation Rate 26.24% 26.24% In the above table, the effective rates are presented for the Parent Bank and its financial subsidiaries subject to the labor law, whereas the rates applied for the calculations differ according to the employee’s years-in-service. The Parent Bank provided for undiscounted short-term employee benefits earned during the financial periods as per services rendered in compliance with TAS 19. The actuarial gains/losses are recognised under shareholders’ equity as per the revised TAS19. Retirement benefit obligations A defined benefit plan is a pension plan that defines an amount of pension benefit that an employee and his/her dependents will receive on retirement. The Parent Bank’s defined benefit plan (“the Plan”) is managed by “Türkiye Garanti Bankası A.Ş Memur ve Müstahdemleri Emekli ve Yardım Sandığı Vakfı” (“the Fund”) established as per the provisional Article 20 of the Social Security Law No.506 and the Parent Bank’s employees are the members of this Fund. The Plan is funded through contributions of both the employees and the employer as required by Social Security Law No. 506. These contributions are as follows: Current Period Prior Period Employer Employee Employer Employee Pension contributions %15.50 %10.00 %15.50 %10.00 Medical benefit contributions %6.00 %5.00 %6.00 %5.00 The Plan is composed of a) the contractual benefits of the employees, which are subject to transfer to Social Security Foundation (“SSF”) as per the Social Security Law No.5754 (“the Law”), and b) other social rights and medical benefits provided by the Parent Bank but not transferable to SSF. a) Benefits transferable to SSF The first paragraph of the provisional Article 23 of Banking Law No. 5411, published in the Official Gazette on 1 November 2005, No. 25983, which requires the transfer of the members of the funds subject to the provisional Article 20 of the Social Security Law No.506, and the persons who are paid under insurance coverage for disablement, old- age and mortality and their right -holders to the SSF within three years following the effective date of the related article was cancelled with the decision of the Constitutional Court dated 22 March 2007, No. 2007/33. The reasoned ruling regarding the cancellation of the Constitutional Court was published in the Official Gazette No. 26731, dated 15 December 2007.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 34 The Constitutional Court stated that the reason behind this cancellation was the possible loss of antecedent rights of the fund members. Following the publication of the verdict, the Turkish Grand National Assembly (“Turkish Parliament”) started to work on the new legal arrangements by taking the cancellation reasoning into account and the Articles of the Law No.5754 regulating the principles related with such transfers were accepted and approved by Turkish Parliament on 17 April 2008, and enacted on 8 May 2008 after being published in the Official Gazette No.26870. As per the Law, the present value of post-employment benefits as at the transfer date for the fund members to be transferred, is to be calculated by a commission composing from the representatives of the SSF, the Ministry of Finance, the Undersecretariat of Treasury, the Undersecretariat of State Planning Organisation, the BRSA, the Savings Deposit Insurance Fund (“SDIF”), the banks and the funds, by using a technical discount rate of 9.80% taking into account the Funds’ income and expenses as per insurance classes and the transferable contributions and payments of the funds including any salary and income differences paid by the funds above the limits of SSF for such payments. The transfers are to take place within the three-year period starting from 1 January 2008. Subsequently, the transfer of the contributors and the persons receiving monthly or regular income and their right-holders from such funds established for employees of the banks, insurance and reinsurance companies, trade chambers, stock markets and unions that are part of these organizations subject to the provisional Article 20 of the Social Security Law No.506 to the SSF, has been postponed for two years. The decision was made by the Council of Ministers on 14 March 2011 and published in the Official Gazette No. 27900 dated 9 April 2011 as per the decision of the Council of Ministers No. 2011/1559, and as per the letter No. 150 of the Ministry of Labor and Social Security dated 24 February 2011 and according to the provisional Article 20 of the Social Security and Public Health Insurance Law No.5510. On 19 June 2008, Cumhuriyet Halk Partisi (“CHP”) applied to the Constitutional Court for the cancellation of various articles of the Law including the first paragraph of the provisional Article 20. At the meeting of the Constitutional Court on 30 March 2011, it was decided that the Article 73 and the first paragraph of the provisional Article 20 added to the Law No. 5510 are not contradictory to the Constitutional Law, and accordingly the dismissal of the cancellation request has been denied with the majority of votes. Before the completion of two -year period set by the Council of Ministers on 14 March 2011 as explained above, as per the Article No. 51 of the Law No. 6645, published in the Official Gazette No. 29335 dated 23 April 2015, the Article No. 20 of the Law No. 5510 was amended giving the Council of Ministers the authority to determine the date of transfer without defining any timeline. b) Other benefits not transferable to SSF Other social rights and payments provided in the existing trust indenture but not covered through the transfer of the funds’ members and their right-holders to the SSF, are to be covered by the funds and the institutions that employ the funds’ members. The actuarial gains/losses are recognised under shareholders’ equity. The consolidated subsidiaries do not have retirement benefit plans for their employees. The retirement - related benefits of the employees of the consolidated subsidiaries are subject to SSF in case of domestic investees and to the legislations of the related countries in case of foreign investee companies. There are no obligations not reflected in the accompanying consolidated financial statements. 3.18 Insurance technical reserves and technical income and expense 3.18.1 Insurance technical reserves The Group’s insurance subsidiaries adopted TFRS 4, Insurance Contracts (“TFRS 4”). TFRS 4 requires that all contracts issued by insurance companies be classified as either insurance contracts or investment contracts. Contracts with significant insurance ri sk are considered insurance contracts. Insurance risk is defined as risk, other than financial risk, transferred from the holder of a contract to the issuer. TFRS 4 permits a company to continue with its previously adopted accounting policies with regard t o recognition and measurement of insurance contracts. Only in case of presentation of more reliable figures a change in accounting policy shall be carried out.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 35 Contracts issued by insurance companies without significant insurance risk are considered investment contracts. Investment contracts are accounted for in accordance with TFRS 9 Financial Instruments standard. Insurance technical provisions on the consolidated financial statements consist of, reserve for unearned premiums, reserve for unexpired risk, and provision for outstanding claims and mathematical provisions. 3.18.2 Insurance technical income and expense In insurance companies, premium income is obtained subsequent to the share of reinsurers in policy income is diminished. Claims are recorded in expense on accrual basis. Outstanding loss provisions are recognized for the claims reported but not paid yet and for the claims that incurred but not reported. Reinsurers’ share of claims paid and outstanding loss is offset in these provisions. 3.19 Taxation 3.19.1 Corporate tax While corporate tax which is applied to corporate earnings at the rate of 20% in Türkiye, in accordance with the regulation introduced by the Law No.7456 "On the Formation of Additional Motor Vehicle Tax to Compensate the Economic Losses Caused by the Earthquakes That Occurred on 6 February 2023, Amending Certain Laws and the Decree Law No. 375, the corporate earnings of 2023 and later taxation periods this rate has been determined to be applied as 25% and for the banks, companies within the scope of Law No. 6361, electronic payment and money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies and pension companies this rate has been determined to be applied as 30%. This rate is applied to tax base which is calculated by adding certain non-deductible expenses for tax purposes and deducting certain exemptions (like dividend income) and other deductions on accounting income. If there is no dividend distribution, no further tax charges are made. Dividends paid to the resident institutions and the institutions working through local offices or representatives are not subject to withholding tax. By the Presidential Decree published in the Official Gazette No. 32760 dated 22 December 2024, some withholding rates in Articles 15 and 30 of the Corporate Tax Law No. 5520 have been redetermined.Accordingly, the witholding tax rate on the dividend payments other than the ones paid to the nonresident institutions generating income in T ürkiye through their operations or permanent representatives and the resident institutions has been changed to 10% from 15% by the Presidential Decree published in the Official Gazette No. 32760 dated 22 December 2024. In applying the withholding tax rates on dividend payments to the nonresident institutions and the individuals, the withholding tax rates covered in the related Double Tax Treaty Agreements are taken into account. Appropriation of the retained earnings to capital is not considered as profit distribution and therefore is not subject to withholding tax. The prepaid taxes are calculated and paid at the rates valid for the earnings of the related years. The prepayments can be deducted from the annual corporate tax calculated for the whole year’s earnings. In accordance with the Turkish tax legislation, the tax losses can be carried forward to offset against future taxable income for up to five years. Tax losses cannot be carried back to offset profits from previous periods. 75% of earnings generated through sale of equity shares, founders’ shares, redeemed shares and preemption rights are exempt from the corporate tax with the conditions that such earnings shall be held in a special reserve account under equity until the end of five years following the year of sale and shall be collected as cash until the end of the following two fiscal years. With the Presidential Decree published in the Official Gazette dated 27 November 2024 and numbered 32735, it was determined that this exemption rate would be applied as 50%.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 36 All earnings generated through transfer of equity shares, founders’ shares, redeemed shares and preemption rights by the companies being under legal proceedings or guarantor and mortgage provider of such companies, to banks, financial leasing companies and finance companies or the Savings Deposit Insurance Fund in connection with liquidation of their liabilities and earnings of banks, financial leasing companies and finance companies through sale of immovable part of such assets or other items are exempt fr om corporate tax at the rate of 50% and 75%, respectively. As of 31 December 2021, the conditions sought for inflation adjustment in the calculation of corporate tax have been fulfilled, within the framework of the repeated provision of Article 298/ Ç of the Tax Procedure Law. These conditions are both the exceed in the increase of Producer Price Index in the last 3 accounting periods including current period by 100% and the exceed in the increase in the current period by 10 %. However, temporary article 33 has been added on the Tax Procedure Law No. 213 with the regulation made with the Tax Procedure Law and the Law on Change in Corporate Tax Law No. 7352 published in the Official Gazette No.31734 dated 29 January 2022, the application of inflation adjustment in the calculation of corporate tax was postponed to 2023. According to this, the financial statements for the 2021 and 2022 accounting periods, including the provisional tax periods, are not subject to inflation adjustment, and for the 2023 accounting period; are not subject to inflation adjustment as of the pr ovisional tax periods, and the financial statements dated 31 December 2023 will be subject to inflation adjustment regardless of whether the inflation adjustment conditions are met or not. Profit/loss difference arising from inflation adjustment in the financial statements are to be shown in previous years' profit/loss accounts and does not affect the corporate tax base. According to Article 17 of the Law No. 7491 on Amendments to Certain Laws and Decree Laws published in the Official Gazette No. 32413 dated 28 December 2023, it has become law that profit/loss differences arising from the inflation adjustment to be made in the 2024 and 2025 accounting periods, including the provisional tax periods, do not be taken into account in determining the income of banks, companies within the scope of the Financial Leasing, Factoring, Financing and Savings Financing Com panies Law No. 6361 dated 21 November 2012, payment and electronic money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies and pension companies. Pursuant to Law No. 7571 titled “Law Amending the Turkish Penal Code, Certain Other Laws, and Decree Law No. 631”, published in the Official Gazette dated 25 December 2025 and numbered 33118, Provisional Article 37 has been added to the Tax Procedure Law No. 213. In accordance with this provision, financial statements are not subject to inflation adjustment for the 2025 fiscal year, including interim tax periods, as well as for the 2026 and 2027 fiscal years, irrespective of whether the c onditions for inflation adjustment stipulated under Repeated Article 298 are met. Under the same provision, the President is authorized to extend these periods, including interim tax periods, for up to three fiscal years. Furthermore, for the purposes of the application of paragraph (Ç) of Repeated Article 298, the periods during which inflation adjustment is not applied (including those extended under such authority) are deemed as periods in which the conditions for inflation adjustment have not been met. Accordingly, the Parent Bank applies revaluation to its real estate and depreciable fixed assets recognized in the balance sheet, provided that the conditions set forth under paragraph (Ç) of Repeated Article 298 of the Tax Procedure Law are satisfied. Corporate income tax is calculated based on the revalued amounts of such real estate and depreciable fixed assets.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 37 The tax applications for foreign branches; NORTHERN CYPRUS According to the Corporate Tax Law of the Turkish Republic of Northern Cyprus No.41/1976 as amended, the corporate earnings (including foreign corporations) are subject to a 10% corporate tax and 15% income tax. This tax is calculated based on the income t hat the taxpayers earn in an accounting period. Tax base is determined by modifying accounting income for certain exclusions and allowances for tax purposes. The corporations cannot benefit from the rights of offsetting losses, investment incentives and amortization unless their balance sheets, income statements and accounting records used for tax calculations examined and prepared by an accountant and an auditor authorized by the Ministry of Finance. In cases where it is revealed that the earnings of a corporation were not subject to taxation in prior years or the tax paid on such earnings are understated, additional taxes can be charged in the next seven years following that the related taxation period. The corporate tax returns are filed in the tax administration office in April after following the end of the accounting year to which they relate. The corporate taxes are paid in two equal installments in May and October. According to the Decision of the TRNC Council of Ministers dated 25 March 2020, the prepaid taxes are calculated and paid at the rate of 15% tax on quarterly commercial earnings of the related year. The prepayments can be deducted from the annual corporate tax calculated for the whole year earnings. MALTA The corporate earnings are subject to a 35% corporate tax. This rate is determined by modifying accounting income for certain exclusions and allowances for tax purposes. The earnings of the foreign corporations’ branches in Malta are also subject to the same tax rate that the resident corporations in Malta are subject to. The earnings of such branches that are transferred to their head offices are not subject to an additional tax. The taxes payable are calculated by the obligating firm and the calculation is presented in the tax declaration form that is due till the following year’s month of November. Tax applications for foreign financial subsidiaries THE NETHERLANDS In the Netherlands, corporate income tax is levied at the rate of 19% for tax profits up to EURO 200,000 and 25.80% for the excess part over this amount on the worldwide income of resident companies, which is determined by modifying accounting income for certain exclusions and allowances for tax purposes for the related year. Based on the unilateral decree f or the avoidance of double taxation between Türkiye and The Netherlands, the dividend taxation is 0% percent under certain conditions. As of 2022, losses of previous years no longer vaporize but can be carried forward indefinitely. However , the losses can only be u sed up to an amount of EUR O 1,000,000 or if the profit exceeds EUR O 1,000,000 the amount of losses that can be offset is EURO 1,000,000 plus 50% of the excess of the profit over EURO 1,000,000. Companies must file their tax returns within five months following the end of the tax year to which they relate, unless the company applies for an extension (normally an additional eleven months). Tax returns are open for five years from the date of the filing deadline the tax return during which time the tax authorities have the right to audit tax returns, and the related accounting records on which they are based, and may issue re-assessments based on their findings. The corporate income tax for the Germany branch is 30%. ROMANIA The applicable corporate tax rate in Romania is 16%. The taxation system in Romania is continuously developing and is subject to varying interpretations and constant changes, which may become rarely retroactive. In Romania, tax periods remain open for tax audits for maximum seven years, depending on the reporting year. Tax losses can be carried forward to offset against future taxable income for seven years. The fiscal loss incurred starting with 2024 is recovered within the limit of 70% from the taxable profits generated in the next 5 consecutive years. The deferred tax asset from fiscal losses is recognized to the extent that the realization of the related tax benefit through the future taxable profits is probable.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 38 Levy on turnover (“tax on turnover”) In accordance with Law 296/2023, the Romanian Fiscal Code was amended to introduce, starting 1 January 2024, an additional tax established for credit institutions (Romanian legal entities and Romanian branches of credit institutions), namely “tax on turnover” . In 2025, new amendments related to tax on turnover were introduced through Law 141/25.07.2025. Consequently, the Bank computed the tax by applying the following rates on the turnover (which are specifically defined): i) 2% for the period 1 January 2024 – 30 June 2025 inclusively, ii) 4% starting with 1 July 2025. 3.19.2 Deferred taxes According to the Turkish Accounting Standard 12 (TAS 12) “Income Taxes”; deferred tax assets and liabilities are recognized, using the balance sheet method, on all taxable temporary differences arising between the carrying values of assets and liabilities in the financial statements and their corresponding balances considered in the calculation of the tax base, except for the differences not deductible for tax purposes and initial recognition of assets and liabilities which affect neither accounting nor taxable profit. As stated in Note 3.19.1, in accordance with the regulation introduced by the Law No.7456 "On the Formation of Additional Motor Vehicle Tax to Compensate the Economic Losses Caused by the Earthquakes That Occurred on 6 February 2023, corporate income tax has been determined to be applied as 30% for the banks, companies within the scope of Law No. 6361, electronic payment and money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies and pension companies. Therefore, as of 30 September 2026, the Parent Bank has calculated deferred tax at the rate of 30% for assets and liabilities. In accordance with paragraph (Ç) of Repeated Article 298 of the Tax Procedure Law, the tax effects arising from the revaluation of real estate and depreciable fixed assets have been included in the deferred tax calculation as of 30 September 2026. If transactions and events are recorded in the income statement, then the related tax effects are also recognized in the income statement. However, if transactions and events are recorded directly in the shareholders’ equity, the related tax effects are al so recognized directly in the shareholders’ equity. The deferred tax assets and liabilities of the Parent Bank and its consolidated subsidiaries are reported as net in their individual financial statements. In compliance with TAS 12, the deferred tax assets and liabilities of the consolidated subsidiaries are presented on the asset and liability sides of financial statements separately, without any offsetting. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Furthermore, the deferred tax assets are not subject to profit distribution or capital increase as per the BRSA’s related circular in cases where there are net asset balances after netting deferred tax assets with deferred tax liabilities. In September 2023, POA issued amendments to TAS 12 that introduce a mandatory exception to the recognition and disclosure of deferred tax assets and liabilities related to Second Pillar income taxes. The amendments clarify that TAS 12 applies to income taxes arising from tax laws that have been enacted, or are substantively enacted, for the purpose of applying the Second Pillar Model Rules issued by the Organization for Economic Cooperation and Development (OECD). These amendments also introduce certain disclosure requirements for entities affected by such tax laws. The exemption for not recognizing and disclosing information about deferred taxes and the disclosure requirement for when the exemption has been applied are applied when the amendment is issued. The amendment did not have a significant impact on the financial position or performance of the Parent Bank.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 39 3.19.3 Transfer pricing The Article No.13 of the Corporate Tax Law describes the issue of transfer pricing under the title of “Disguised Profit Distribution by Way of Transfer Pricing”. “The General Communiqué on Disguised Profit Distribution by Way of Transfer Pricing” published on 18 November 2007, explains the application-related issues on this topic. According to this Communiqué, if the taxpayers conduct transactions like purchase and sale of goods or services with the related parties where the prices are not determined according to the arm’s length principle, then it will be concluded that there is a disguised profit distribution by way of transfer pricing. Such disguised profit distributions will not be deducted from the corporate tax base for tax purposes. As stated in the General Communiqué No. 4 on Disguised Profit Distribution by Way of Transfer Pricing, the taxpayers are required to fill out the “Transfer Pricing, Controlled Foreign Entities and Thin Capitalization” form for the purchase and sale of goods or services conducted with their related parties in a taxation period, attach these forms to their corporate tax returns and submit to the tax offices. 3.20 Funds borrowed The Parent Bank, whenever required, generates funds from domestic and foreign sources in the form of borrowings, syndications, securitizations, and bill and bond issuances in the local and international markets. The funds borrowed are recorded at their purchase costs and valued at amortised costs using the effective interest method. In cases where such funds are valued at their amortised costs but this application results in measurement or accounting mismatch due to having the related financial instruments valued using different methods or the related gains or losses are recognized differently, such fundings are reclassified as financial liabilities at their fair values through profit or loss at initial recognition in order to prevent such mismatch. The interest expenses paid during holding the related financial liabilities and the dif ference between the amortized cost and the acquisition cost are recorded as interest expense in statement of profit or loss and the difference between the fair values and the amortized costs of the financial liabilities are recorded under trading account income/losses. 3.21 Share and share issuances If the Parent Bank issues a share at a price above its nominal value, the difference between the issue price and the nominal value is accounted for as “share premium” under shareholders’ equity. 3.22 Confirmed bills of exchange and acceptances Payments of the confirmed bills of exchange and acceptances are made simultaneously with the payments of the customers. Confirmed bills of exchange and acceptances are recorded in “off-balance sheet accounts” as possible debts and commitments, if any. 3.23 Government incentives As of 30 September 2026, the Parent Bank and its financial subsidiaries’ do not have any government incentives or grants (31 December 2025: None). 3.24 Segment reporting The Parent Bank operates in corporate, commercial, retail and investment banking. Accordingly, the banking products served to customers are; custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre -export loans, ECA covered financing, letters of guarantee, letters of credit, export factor ing, acceptance credits, draft facilities, forfaiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections, payment orders. GarantiCard, BonusCard, Miles&Smiles Card, Flexi Card, MoneyCard, BusinessCard, Shop & Fly, virtual cards under the brand names of Visa and Mastercard and also American Express credit cards and “Paracard” debit cards with Maestro, Electron, Visa and Mastercard brand names, are available.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 40 The Parent Bank provides service packages to its corporate, commercial and retail customers including deposits, loans, foreign trade transactions, investment products, cash management, leasing, factoring, insurance, credit cards, and other banking products. A custome r-oriented branch network has been built in order to serve customers’ needs effectively and efficiently. The Parent Bank also utilizes alternative delivery channels intensively. The Parent Bank provides corporate banking products to international and national holdings in Türkiye by coordinating regional offices, suppliers and intermediaries, utilizing cross -selling techniques. Mainly, it provides services through its commercial and mixed types of branches to export-revenue earning sectors like tourism and textile and exporters of Türkiye’s traditional agricultural products. Additionally, the Parent Bank provides banking services to enterprises and their employees working in retail and service sectors through product packages including overdraft accounts, POS machines, credit cards, chequebooks, Turkish Lira and foreign currency deposits, investment a ccounts, internet banking and call - center, debit cards and bill payment modules. Retail banking customers form a widespread and sustainable deposit base for the Parent Bank. Individual customers’ needs are met by diversified consumer banking products through branches and digital banking. Information on the business segments on a consolidated basis is as follows: Current Period Retail Banking Corporate Banking Investment Banking Other Total Operations Net Interest Income 95,632 128,567 (26,723) 28,563 226,039 Net Fees And Commıssıons Income/Expense 118,499 20,158 1,830 674 141,161 Dividend Income - - - 374 374 Net Trading Income/Losses (Net) 3,833 3,395 (37,316) 2,386 (27,702) Other Operatıng Income (*) 2,776 3,593 21 20,634 27,024 Expected Credıt Losses (*) (43,966) (19,229) 30 (657) (63,822) Other Provisions - - - (1,962) (1,962) Personnel and Other Operatıng Expenses (100,432) (27,077) (7,656) (31,827) (166,992) Income/Loss From Investments Under Equıty Accountıng - - - 2,861 2,861 Net Operating Profit 76,342 109,407 (69,814) 21,046 136,981 Provision for Taxes - - - (40,234) (40,234) Net Profit 76,342 109,407 (69,814) (19,188) 96,747 Segment Assets (**) 1,252,017 2,002,954 1,388,388 914,058 5,557,417 Investments in Associates and Subsidiaries - - - 23,410 23,410 Total Assets 1,252,017 2,002,954 1,388,388 937,468 5,580,827 Segment Liabilities (**) 2,346,021 1,592,570 594,773 524,802 5,058,166 Shareholders’ Equity - - - 522,661 522,661 Total Liabilities and Shareholders’ Equity 2,346,021 1,592,570 594,773 1,047,463 5,580,827 (*) Prior year reversals from Expected Credit Losses presented under Other Operating Income in the Profit or Loss Statement are netted off with the Expected Credit Losses. (**) As of the current reporting period, the total assets of the subsidiary classified as discontinued operations under TFRS 5 amount to TL 226,857, of which TL 58,557 , TL 81,958 and TL 86,342 are attributable to the “Retail Banking”, “Investment Banking” and “Other” segments, respectively. The total liabilities amount to TL 193,108, of which TL 62,918, TL 102,411 and TL 27,779 are attributable to the “Retail Banking”, “Investment Banking” and “Other” segments, respectively.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 41 Prior Period Retail Banking Corporate Banking Investment Banking Other Total Operations Net Interest Income 96,780 126,369 (130,748) 41,591 133,992 Net Fees And Commıssıons Income/Expense 88,227 15,837 (90) (25) 103,949 Dividend Income - - - 258 258 Net Trading Income/Losses (Net) 3,247 5,077 (1,207) (7,527) (410) Other Operatıng Income (*) 3,049 3,650 139 15,190 22,028 Expected Credıt Losses (*) (27,204) (4,575) (327) 3,201 (28,905) Other Provisions - - - (256) (256) Personnel and Other Operatıng Expenses (62,873) (20,375) (2,708) (34,858) (120,814) Income/Loss From Investments Under Equıty Accountıng - - - 2,032 2,032 Net Operating Profit 101,226 125,983 (134,941) 19,606 111,874 Provision for Taxes - - - (28,685) (28,685) Net Profit 101,226 125,983 (134,941) (9,079) 83,189 Segment Assets 990,677 1,624,914 1,194,911 719,799 4,530,301 Investments in Associates and Subsidiaries - - - 17,473 17,473 Total Assets 990,677 1,624,914 1,194,911 737,272 4,547,774 Segment Liabilities 1,933,973 1,286,134 498,226 382,805 4,101,138 Shareholders’ Equity - - - 446,636 446,636 Total Liabilities and Shareholders’ Equity 1,933,973 1,286,134 498,226 829,441 4,547,774 (*) Prior year reversals from Expected Credit Losses presented under Other Operating Income in the Profit or Loss Statement are netted off with the Expected Credit Losses.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 42 3.25 Profit reserves and profit appropriation Retained earnings as per the statutory financial statements other than legal reserves, are available for distribution, subject to the legal reserve requirement explained to below. Under the Turkish Commercial Code, legal reserves consist of first legal reserve and second legal reserve. First legal reserve, appropriated at the rate of 5%, until the total reserve is equal to 20% of issued and fully paid-in share capital. Second legal reserve, appropriated at the rate of at least 10% of distributions in excess of 5% of issued and fully paid- in share capital, but holding companies are not subject to such transaction. According to the Turkish Commercial Code, legal reserves can only be us ed to compensate accumulated losses and cannot be used for other purposes unless they exceed 50% of paid-in capital. In the ordinary G eneral Assembly Meeting dated 31 March 2026, a decision has been made regarding appropriation of the unconsolidated net profit of the Parent Bank deriving from operations in 2025 amounting to TL 110,605 and aforementioned distribution has been disclosed in Note 5.10.2. 3.26 Earnings per share Earnings per share disclosed in the statement of profit or loss, are calculated by dividing net profit for the period by the weighted average number of shares outstanding during the period concerned. Current Period Prior Period Distributable net profit 96,623 83,418 Average number of issued common shares 420,000 420,000 Earnings per share (amounts presented full TL) 0.23005 0.19861 In Türkiye, companies can increase their share capital by making a pro -rata distribution of shares (“bonus shares”) to existing shareholders from retained earnings. For the purpose of earnings per share computations, the weighted average number of shares outstanding during the year has been adjusted in respect of bonus shares issued without a corresponding change in resources by giving them a retroactive effect for the year in which they were issued and for each earlier period. In case bonus shares are distributed after the balance sheet date but before the preparation of the financial statements, earnings per share is calculated considering the new number of shares. As of 30 September 2026, there are no bonus shares issued (31 December 2025: None). 3.27 Related parties For the purpose of these financial statements, shareholders having control shares of the Parent Bank, key management personnel and board members together with their families and companies controlled by/subsidiary with them, associated companies and joint ventures and the Fund providing post- employment benefits are considered and referred to as relat ed parties in accordance with TAS 24 “Related Parties”. The transactions with related parties are disclosed in detail in Note 5.7. 3.28 Cash and cash equivalents For the purposes of the cash flow statement, cash includes cash effectives, cash in transit, purchased cheques and demand deposits including balances with the Central Bank of Türkiye; and cash equivalents include money market placements, time deposits at banks with original maturity periods of less than three months and investments on marketable securities other than common stocks. 3.29 Other disclosures None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 43 4 Consolidated Financial Position and Results of Operations and Risk Management 4.1 Consolidated total capital The consolidated capital items calculated as per the “Regulation on Equities of Banks” published on 5 September 2013, are presented below: 4.1.1 Components of consolidated total capital (*) Current Period Prior Period COMMON EQUITY TIER I CAPITAL Paid-in Capital to be Entitled for Compensation after All Creditors 4,973 4,973 Share Premium 12 12 Reserves 348,927 261,061 Other Comprehensive Income according to TAS 111,411 100,646 Profit 96,900 109,908 Current Period’s Profit 96,623 109,816 Prior Periods’ Profit 277 92 Bonus Shares from Associates, Subsidiaries and Joint-Ventures not Accounted in Current Period's Profit 87 87 Minority Interest 1,608 880 Common Equity Tier I Capital Before Deductions 563,918 477,567 Deductions From Common Equity Tier I Capital Valuation adjustments calculated as per the Article 9. (i) of the Regulation on Bank Capital - - Current and Prior Periods' Losses not Covered by Reserves, and Losses Accounted under Equity according to TAS (-) 43,311 31,357 Leasehold Improvements on Operational Leases (-) 1,666 1,098 Goodwill Netted with Deferred Tax Liabilities - - Other Intangible Assets Netted with Deferred Tax Liabilities Except Mortgage Servicing Rights 10,146 7,010 Net Deferred Tax Asset/Liability (-) - - Differences arise when assets and liabilities not held at fair value, are subjected to cash flow hedge accounting - - Total credit losses that exceed total expected loss calculated according to the Regulation on Calculation of Credit Risk by Internal Ratings Based Approach - - Securitization gains 3 1 Unrealized gains and losses from changes in bank’s liabilities’ fair values due to changes in creditworthiness - - Net amount of defined benefit plans - - Direct and Indirect Investments of the Bank on its own Tier I Capital (-) - - Shares Obtained against Article 56, Paragraph 4 of the Banking Law (-) - - Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - Mortgage Servicing Rights Exceeding the 10% Threshold of Tier I Capital (-) - - Net Deferred Tax Assets arising from Temporary Differences Exceeding the10% Threshold of Tier I Capital (-) - - Amount Exceeding the 15% Threshold of Tier I Capital as per the Article 2, Clause 2 of the Regulation on Measurement and Assessment of Capital Adequacy Ratios of Banks (-) - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 44 Current Period Prior Period The Portion of Net Long Position of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more of the Issued Share Capital not deducted from Tier I Capital (-) - - Excess Amount arising from Mortgage Servicing Rights (-) - - Excess Amount arising from Deferred Tax Assets from Temporary Differences (-) - - Other items to be Defined by the BRSA (-) - - Deductions from Tier I Capital in cases where there are no adequate Additional Tier I or Tier II Capitals (-) - - Total Deductions from Common Equity Tier I Capital 55,126 39,466 Total Common Equity Tier I Capital 508,792 438,101 ADDITIONAL TIER I CAPITAL Preferred Stock not Included in Common Equity Tier I Capital and the Related Share Premiums - - Debt Instruments and the Related Issuance Premiums Defined by the BRSA - - Debt Instruments and the Related Issuance Premiums Defined by the BRSA (Covered by Temporary Article 4) - - Shares of Third Parties in Additional Tier I Capital - - Shares of Third Parties in Additional Tier I Capital (Covered by Temporary Article 3) - - Additional Tier I Capital before Deductions - - Deductions from Additional Tier I Capital - - Direct and Indirect Investments of the Bank on its own Additional Tier I Capital (-) - - Investments in Equity Instruments Issued by Banks or Financial Institutions Invested in Bank’s Additional Tier I Capital and Having Conditions Stated in the Article 7 of the Regulation - - Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - The Total of Net Long Position of the Direct or Indirect Investments in Additional Tier I Capital of Unconsolidated Banks and Financial Institutions where the Bank Owns more than 10% of the Issued Share Capital (-) - - Other items to be defined by the BRSA (-) - - Items to be Deducted from Tier I Capital During the Transition Period Goodwill and Other Intangible Assets and Related Deferred Taxes not deducted from Tier I Capital as per the Temporary Article 2, Clause 1 of the Regulation on Measurement and Assessment of Capital Adequacy Ratios of Banks (-) - - Net Deferred Tax Asset/Liability not deducted from Tier I Capital as per the Temporary Article 2, Clause 1 of the Regulation on Measurement and Assessment of Capital Adequacy Ratios of Banks (-) - - Deduction from Additional Tier I Capital when there is not enough Tier II Capital (-) - - Total Deductions from Additional Tier I Capital - - Total Additional Tier I Capital - - Total Tier I Capital (Tier I Capital= Common Equity Tier I Capital + Additional Tier I Capital) 508,792 438,101 TIER II CAPITAL Debt Instruments and the Related Issuance Premiums Defined by the BRSA 129,050 113,004 Debt Instruments and the Related Issuance Premiums Defined by the BRSA (Covered by Temporary Article 4) - - Provisions (Amounts explained in the first paragraph of the Article 8 of the Regulation on Bank Capital) 45,492 32,296 Total Deductions from Tier II Capital 174,542 145,300 Deductions from Tier II Capital Direct and Indirect Investments of the Bank on its own Tier II Capital (-) - - Investments in equity instruments issued by Banks and Financial Institutions Invested in Bank’s Tier II Capital and having conditions stated in the Article 8 of the Regulation - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 45 Current Period Prior Period Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - Other items to be defined by the BRSA (-) - - Total Deductions from Tier II Capital - - Total Tier II Capital 174,542 145,300 Total Equity (Total Tier I and Tier II Capital) 683,334 583,401 Total Tier I Capital and Tier II Capital (Total Equity) Loans Granted against the Articles 50 and 51 of the Banking Law (-) - 1 Other items to be Defined by the BRSA (-) 4 39 Items to be Deducted from the Sum of Tier I and Tier II Capital (Capital) during the Transition Period The Portion of Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital not deducted from Tier I Capital, Additional Tier I Capital or Tier II Capital as per the Temporary Article 2, Clause 1 of the Regulation (-) - - The Portion of Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns more than 10% of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital not deducted from Additional Tier I Capital or Tier II Capital as per the Temporary Article 2, Clause 1 of the Regulation (-) - - The Portion of Net Long Position of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more of the Issued Share Capital, of the Net Deferred Tax Assets arising from Temporary Differences and of the Mortgage Servicing Rights not deducted from Tier I Capital as per the Temporary Article 2, Clause 2, Paragraph (1) and (2) and Temporary Article 2, Clause 1 of the Regulation (-) - - CAPITAL Total Capital (Total of Tier I Capital and Tier II Capital) 683,330 583,361 Total Risk Weighted Assets 4,231,339 3,009,108 CAPITAL ADEQUACY RATIOS Consolidated CET1 Capital Ratio (%) 12.02 14.56 Consolidated Tier I Capital Ratio (%) 12.02 14.56 Consolidated Capital Adequacy Ratio (%) 16.15 19.39 BUFFERS Total Additional CET1 Capital Requirement Ratio (a+b+c) 4.16 4.13 a) Capital Conservation Buffer Ratio (%) 2.50 2.50 b) Bank-specific Counter-Cyclical Capital Buffer Ratio (%) 0.16 0.13 c) Systemically Important Banks Buffer Ratio (%) 1.50 1.50 Additional CET1 Capital Over Total Risk Weighted Assets Ratio Calculated According to the Article 4 of Capital Conservation and Counter-Cyclical Capital Buffers Regulation (%) 6.02 8.56 Amounts Lower Than Excesses as per Deduction Rules Remaining Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital - - Remaining Total of Net Long Positions of the Investments in Tier I Capital of Unconsolidated Banks and Financial Institutions where the Bank Owns more than 10% or less of the Issued Share Capital - - Remaining Mortgage Servicing Rights - - Net Deferred Tax Assets arising from Temporary Differences 13,890 10,736
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 46 Current Period Prior Period Limits for Provisions Used in Tier II Capital Calculation General Loan Provisions for Exposures in Standard Approach (before limit of one hundred and twenty five per ten thousand) 52,650 40,638 General Loan Provisions for Exposures in Standard Approach Limited by 1.25% of Risk Weighted Assets 45,492 32,296 Total Loan Provision that Exceeds Total Expected Loss Calculated According to Communiqué on Calculation of Credit Risk by Internal Ratings Based Approach - - Total Loan Provision that Exceeds Total Expected Loss Calculated According to Communiqué on Calculation of Credit Risk by Internal Ratings Based Approach, Limited by 0.6% Risk Weighted Assets - - Debt Instruments Covered by Temporary Article 4 (effective between 1.1.2018-1.1.2022) Upper Limit for Additional Tier I Capital Items subject to Temporary Article 4 - - Amount of Additional Tier I Capital Items Subject to Temporary Article 4 that Exceeds Upper Limit - - Upper Limit for Additional Tier II Capital Items subject to Temporary Article 4 - - Amount of Additional Tier II Capital Items Subject to Temporary Article 4 that Exceeds Upper Limit - - (*) According to “Bank Capital Regulation” Article 10 paragraph 4, which published on Official Gazette dated 5 September 2013 and numbered 28756, banks also calculate their consolidated capital with their consolidated insurance company investments as unconsolidated financial institutions if 9th Article’s 4th paragraph’s (c) and (ç) items apply. Lesser of consolidated capita l calculated according to 1st and 4th paragraphs is considered the consolidated capital according to this regulation. As the consolidated ca pital calculated including the insurance subsidiary is lesser, the consolidated capital is calculated according to consolidated fin ancial statements including the insurance subsidiary.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 47 4.1.2 Items included in capital calculation Current Period Information about instruments included in total capital calculation Issuer T. Garanti Bankası A.Ş. T. Garanti Bankası A.Ş. T. Garanti Bankası A.Ş. T. Garanti Bankası A.Ş. T. Garanti Bankası A.Ş. T. Garanti Bankası A.Ş. Identifier (CUSIP, ISIN vb.) Reg S: ISIN: XS1617531063 Common Code: 161753106 144A: CUSIP: 900148 AE7 ISIN: US900148AE73 Common Code: 161752479 Reg S: ISIN: XS2773062471 Common Code: 277306247 144A: CUSIP: 900148AF4 ISIN: US900148AF49 Common Code: 2773062471 Reg S: ISIN: XS2913414384 Common Code:291341438 144 A: CUSIP: 900148AG2 ISIN: US900148AG22 Common Code: 291696635 Reg S: ISIN: XS3106498051 Common Code: 310649805 144 A: CUSIP: 900148 AH0 ISIN: US900148AH05 CUSIP: 900148 AH0 Reg S: ISIN: XS3205715611 Common Code: 320571561 CUSIP: 900148 AJ6 ISIN: US900148AJ60 Common Code: 320569478 Reg S: ISIN: XS3435272763 Series: 2026-54 Governing law (s) of the instrument Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII- 128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII-128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII-128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII-128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII-128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII-128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Consideration in equity calculation Subject to 10% deduction as of 1/1/2015 No No No No No No Eligible on unconsolidated and /or consolidated basis Eligible on unconsolidated and consolidated Eligible on unconsolidated and consolidated Eligible on unconsolidated and consolidated Eligible on unconsolidated and consolidated Eligible on unconsolidated and consolidated Eligible on unconsolidated and consolidated Instrument type Subordinated debt instruments (Notes) Subordinated debt instruments (Notes) Subordinated debt instruments (Notes) Subordinated debt instruments (Notes) Subordinated debt instruments (Notes) Subordinated debt instruments (Notes) Amount recognized in regulatory capital (As of most recent reporting date) - (31 December 2025: 5,281) 24,486 (31 December 2025: 21,443) 36,730 (31 December 2025: 32,164) 24,486 (31 December 2025: 21,443) 34,281 (31 December 2025: 30,020) 6,122 Nominal value of instrument 30,155 (31 December 2025: 26,407) 24,486 (31 December 2025: 21,443) 36,730 (31 December 2025: 32,164) 24,486 (31 December 2025: 21,443) 32,281 (31 December 2025: 30,020) 6,122 Accounting classification of the instrument 34701 – Secondary Subordinated Loans 34701 – Secondary Subordinated Loans 34701 – Secondary Subordinated Loans 34701 – Secondary Subordinated Loans 34701 – Secondary Subordinated Loans 34701 – Secondary Subordinated Loans Issuance date of instrument 23.05.2017 28.02.2024 03.12.2024 01.07.2025 15.10.2025 14.08.2026 Maturity structure of the instrument (demand/time) Time Time Time Time Time Time Original maturity of the instrument 24.05.2027 28.02.2034 03.01.2035 08.01.2036 15.04.2036 15.08.2031 Issuer call subject to prior supervisory (BRSA) approval No Yes Yes Yes Yes Yes Optional call date, contingent call dates and redemption amount - 28.02.2029-USD 500,000,000 03.01.2030-USD 750,000,000 08.01.2031-USD 500,000,000 15.04.2031- USD 700.000.000 15.08.2031- USD 125,000,000
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 48 Subsequent call dates, if applicable - - - - - Fixed or floating coupon/dividend payments Fixed Fixed Fixed Fixed Fixed Floating Coupon rate and any related index 7.1770% First five years 8.375%; second five years will be 5Y US Treasury rate + 409 Bps. First five years 8.125%; second five years will be 5Y US Treasury rate + 383,6 Bps. First five years 8.250%; second five years will be 5Y US Treasury rate + 432,5 Bps. First five years 7.625%; second five years will be 5Y US Treasury rate + 386,7 Bps. SOFR+3,80% Existence of any dividend payment restriction - - - - - - Fully discretionary, partially discretionary or mandatory - - - - - - Existence of step up or other incentive to redeem - - - - - - Noncumulative or cumulative - - - - - - Convertible into equity shares - - - - - - If convertible, conversion trigger (s) - - - - - - If convertible, fully or partially - - - - - - If convertible, conversion rate - - - - - - If convertible, mandatory or optional conversion - - - - - - If convertible, type of instrument convertible into - - - - - - If convertible, issuer of instrument to be converted into - - - - - - Write-down feature Yes Yes Yes Yes Yes Yes
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 49 If bonds can be written- down, write-down trigger(s) Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non-viable), or (iii) it is probable that the Issuer will become non-viable; then the bonds can be written- down. Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non-viable), or (iii) it is probable that the Issuer will become non-viable; then the bonds can be written-down. Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non-viable), or (iii) it is probable that the Issuer will become non-viable; then the bonds can be written-down. Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non- viable), or (iii) it is probable that the Issuer will become non-viable; then the bonds can be written-down. Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non- viable), or (iii) it is probable that the Issuer will become non- viable; then the bonds can be written-down. Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non- viable), or (iii) it is probable that the Issuer will become non-viable; then the bonds can be written- down. If bond can be written- down, full or partial Partially or fully Partially or fully Partially or fully Partially or fully Partially or fully Partially or fully If bond can be written- down, permanent or temporary Continuously Continuously Continuously Continuously Continuously Continuously If temporary write- down, description of write-up mechanism There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write- up mechanisms. There are no any temporary write-up mechanisms. Position in subordination hierarchy in case of liquidation (instrument type immediately senior to the instrument) In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In compliance with article number 7 and 8 of Regulation on Bank Capital Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Details of incompliances with article number 7 and 8 of Regulation on Bank Capital Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 50 Currentt Period Information about instruments included in total capital calculation Issuer responsAbility SICAV (Lux) acting for its sub- funds responsAbility SICAV (Lux) Micro and SME Finance Leaders responsAbility SICAV (Lux) Financial Inclusion Fund MultiConcept Fund Management S.A. acting in its own name for responsAbility Global Micro and SME Finance Fund responsAbility SICAV (Lux) acting for its sub- funds responsAbility SICAV (Lux) Micro and SME Finance Leaders responsAbility SICAV (Lux) Financial Inclusion Fund responsAbility SICAV (Lux) Micro and SME Finance Debt Fund MultiConcept Fund Management S.A. acting in its own name for responsAbility Global Micro and SME Finance Fund Black Sea Trade and Development Bank European Bank for Reconstruction and Development Identifier (CUSIP, ISIN vb.) LEI:529900S7V25UG3 7A2Q19 LEI:5299008N49S2T1 SWIP98 LEI:529900J0CQ7V92 71DC81 LEI: 5299008N49S2T1SWIP98 LEI: 529900S7V25UG37A2Q19 LEI: 529900IHHF9LIQY6AH65 LEI: 529900J0CQ7V92 71DC81 LEI: 529900J7FSF ACAGZ5042 LEI: 549300HTGDO VDU6OGK19 Governing law (s) of the instrument The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the Grand Duchy of Luxembourg, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the Grand Duchy of Luxembourg, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the Grand Duchy of Luxembourg, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the Grand Duchy of Luxembourg, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the England and Wales, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the England and Wales, without giving effect to any conflicts of law provisions. Regulatory treatment Subject to 10% deduction as of 1/1/2015 No No No No No No Eligible on unconsolidated and /or consolidated basis Eligible on consolidated basis Eligible on consolidated basis Eligible on consolidated basis Eligible on consolidated basis Eligible on consolidated basis Eligible on consolidated basis Instrument type Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Amount recognized in regulatory capital as of most recent reporting date) 184 (31 December 2025: 166) 147 (31 December 2025: 133) 147 (31 December 2025: 133) 258 (31 December 2025: 232) 368 (31 December 2025: 331) 1,840 (31 December 2025: 1,657) Nominal value of instrument 278 (31 December 2025: 252) 223 (31 December 2025: 201) 223 (31 December 2025: 201) 389 (31 December 2025: 352) 556 (31 December 2025: 503) 2,781 (31 December 2025: 2,515) Accounting classification of the instrument - - - - - - Issuance date of instrument 28.12.2022 28.12.2022 23.02.2023 23.02.2023 29.05.2024 30.04.2025 Maturity structure of the instrument (demand/time) Time Time Time Time Time Time Original maturity of the instrument 03.01.2029 03.01.2029 28.02.2029 28.02.2029 29.05.2031 16.08.2032 Issuer call subject to prior supervisory (BRSA) approval - - - - - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 51 Optional call date, contingent call dates and redemption amount - - - - - - Subsequent call dates, if applicable - - - - - - Interest/dividend payment Fixed or floating coupon/dividend payments Floating Floating Floating Floating Floating rate Floating rate Coupon rate and any related index EURIBOR 6M + 5% EURIBOR 6M + 5% EURIBOR 6M + 5% EURIBOR 6M + 5% EURIBOR 6M + 4.95% EURIBOR 6M + 4.75% Existence of any dividend payment restriction - - - - - - Fully discretionary, partially discretionary or mandatory - - - - - - Existence of step up or other incentive to redeem - - - - - - Noncumulative or cumulative - - - - - - Convertible into equity shares - - - - - - If convertible, conversion trigger (s) - - - - - - If convertible, fully or partially - - - - - - If convertible, conversion rate - - - - - - If convertible, mandatory or optional conversion - - - - - - If convertible, type of instrument convertible into - - - - - - If convertible, issuer of instrument to be converted into - - - - - - Write-down feature - - - - - - If bonds can be written-down, write- down trigger(s) - - - - - - If bond can be written-down, full or partial - - - - - - If bond can be written-down, permanent or temporary Permanent Permanent Permanent Permanent Permanent Permanent If temporary write- down, description of write-up mechanism There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write- up mechanisms.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 52 Position in subordination hierarchy in case of liquidation (instrument type immediately senior to the instrument) In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In compliance with article number 7 and 8 of Regulation on Bank Capital Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Details of incompliances with article number 7 and 8 of Regulation on Bank Capital Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Cons olidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 53 4.1.3 Reconciliation of capital items to balance sheet Current Period Carrying value Amount of correction Value of the capital report Explanation of differences Paid-in Capital 4,200 773 4,973 Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Capital Reserves 785 (773) 12 Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Other Capital Reserves 773 (773) - Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Bonus Shares of Associates, Subsidiaries and Joint-Ventures - - - Share Premium 12 - 12 Other Comprehensive Income/Expenses in Shareholders’ Equity as per Turkish Account Standards 68,498 (311) 68,187 Items not included in the calculation as per Regulation’s Article 9-1-f and Gain on sale of associate/subsidiaries’ shares and real estate classified as different in the value of the capital report Other Comprehensive Income/Expense Items not to be Recycled to Profit/Loss 33,748 - 33,748 Other Comprehensive Income/Expense Items to be Recycled to Profit/Loss 34,750 (311) 34,439 Items not included in the calculation as per Regulation’s Article 9-1-f Profit Reserves 348,927 - 348,927 Profit or Loss 96,900 - 96,900 Prior Periods’ Profit/Loss 277 - 277 Current Period Net Profit/Loss 96,623 - 96,623 Minority Interest 3,351 (1,743) 1,608 Items are calculated as per Regulation’s Article 12 Deductions from Common Equity Tier I Capital (-) - 11,815 Deductions from Common Equity Tier 1 Capital as per the Regulation Common Equity Tier I Capital 522,661 508,792 Subordinated Debts Deductions from Tier I Capital (-) Deductions from Tier 1 Capital as per the Regulation Tier I Capital 508,792 Subordinated Debts 129,050 12 Month ECL (Stage 1) and Lifetime ECL Significant Increase in Credit Risk (Stage 2) 45,492 Stage 1 and Stage 2 expected credit losses added to Tier II Capital as per the Regulation’s Article 8 Deductions from Tier II Capital (-) Deductions from Tier II Capital as per the Regulation Tier II Capital 174,542 Deductions from Total Capital (-) 4 Deductions from Capital as per the Regulation Total 683,330 - - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements C onsolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 54 P rior Period Carrying value Amount of correction Value of the capital report Explanation of differences Paid-in Capital 4,200 773 4,973 Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Capital Reserves 785 (773) 12 Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Other Capital Reserves 773 (773) - Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Bonus Shares of Associates, Subsidiaries and Joint-Ventures Share Premium 12 - 12 Other Comprehensive Income/Expenses in Shareholders’ Equity as per Turkish Account Standards 68,118 1,258 69,376 Items not included in the calculation as per Regulation’s Article 9-1-f and Gain on sale of associate/subsidiaries’ shares and real estate classified as different in the value of the capital report Other Comprehensive Income/Expense Items not to be Recycled to Profit/Loss 33,612 - 33,612 Other Comprehensive Income/Expense Items to be Recycled to Profit/Loss 34,506 1,258 35,764 Items not included in the calculation as per Regulation’s Article 9-1-f Profit Reserves 261,061 - 261,061 Profit or Loss 109,908 - 109,908 Prior Periods’ Profit/Loss 92 - 92 Current Period Net Profit/Loss 109,816 - 109,816 Minority Interest 2,563 (1,683) 880 Items are calculated as per Regulation’s Article 12 Deductions from Common Equity Tier I Capital (-) - 8,109 Deductions from Common Equity Tier 1 Capital as per the Regulation Common Equity Tier I Capital 446,635 438,101 Subordinated Debts - Deductions from Tier I Capital (-) - Deductions from Tier 1 Capital as per the Regulation Tier I Capital 438,101 Subordinated Debts 113,004 12 Month ECL (Stage 1) and Lifetime ECL Significant Increase in Credit Risk (Stage 2) 32,296 Stage 1 and Stage 2 expected credit losses added to Tier II Capital as per the Regulation’s Article 8 Deductions from Tier II Capital (-) - Deductions from Tier II Capital as per the Regulation Tier II Capital 145,300 Deductions from Total Capital (-) 40 Deductions from Capital as per the Regulation Total 583,361 - - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 55 4.2 Consolidated credit risk Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 4.3 Consolidated currency risk Foreign currency open position limit is set in compliance with the legal standard ratio of net foreign currency position. As of 30 September 2026, the Parent Bank and its financial subsidiaries’ net ‘on balance sheet’ foreign currency short position amounts to TL 397,466 (31 December 2025: TL 174,162 short position), net ‘off-balance sheet’ foreign currency long position amounts to TL 440,990 (31 December 2025: TL 208,287 long position), while net foreign currency long position amounts to TL 43,524 (31 December 2025: TL 34,125 long position). The foreign currency position risk is measured by “standard method” and “value -at-risk (VaR) model”. Measurements by standard method are carried out monthly, whereas measurements by VaR are done daily for the Parent Bank. The foreign currency exchange risk is managed through transaction, dealer, desk and stop-loss limits approved by the Board of Directors for the trading portfolio beside the foreign currency net position standard ratio and the VaR limit. The Parent Bank’s valuation rates at the date of balance sheet and for the last five working days of the period announced by the Parent Bank in TL are as follows: Current Period Prior Period EURO USD EURO USD The Parent Bank’s foreign currency purchase 55.6260 48.9730 50.3070 42.8860 Exchange rates for the working days before balance sheet date; Working day 1 55.5160 48.9560 50.4690 42.9050 Working day 2 55.6160 48.9390 50.4440 42.8060 Working day 3 55.6760 48.8350 50.4490 42.8100 Working day 4 55.5160 48.8120 50.4310 42.8070 Working day 5 55.6310 48.7950 50.3600 42.7900 Current Period Prior Period EURO USD EURO USD Last 30-days arithmetical average rate 55.9492 48.5860 49.9795 42.6348
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 56 The Bank’s consolidated currency risk EURO USD Other FCs Total Current Period Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye 59,607 90,664 162,591 312,862 Banks 163,021 23,762 15,196 201,979 Financial Assets Measured at Fair Value through Profit/Loss 417 11,861 - 12,278 Money Market Placements 9,851 14,493 - 24,344 Financial Assets Measured at Fair Value through Other Comprehensive Income 82,414 30,692 - 113,106 Loans (*) 648,984 456,358 11,211 1,116,553 Investments in Associates, Subsidiaries and Joint-Ventures 37 - - 37 Financial Assets Measured at Amortised Cost 19,900 62,402 1,632 83,934 Derivative Financial Assets Held for Hedging Purpose 2,831 - 4 2,835 Tangible Assets 1,827 3 - 1,830 Intangible Assets 828 - - 828 Other Assets (**)(*****) 83,122 6,317 137,768 227,207 Total Assets 1,072,839 696,552 328,402 2,097,793 Liabilities Bank Deposits 9,528 3,807 377 13,712 Foreign Currency Deposits 655,426 598,436 40,865 1,294,727 Money Market Funds 15,898 3,918 - 19,816 Other Fundings 48,949 57,558 36 106,543 Securities Issued (***) 46,330 374,573 11,165 432,068 Miscellaneous Payables 7,684 21,812 463 29,959 Derivative Financial Liabilities Held for Hedging Purpose Management 3 1,388 3 1,394 Other Liabilities (****)(*****) 72,765 19,105 505,170 597,040 Total Liabilities 856,583 1,080,597 558,079 2,495,259 Net ‘On Balance Sheet’ Position 216,256 (384,045) (229,677) (397,466) Net ‘Off-Balance Sheet’ Position (177,831) 373,197 245,624 440,990 Derivative Assets 178,596 817,795 268,121 1,264,512 Derivative Liabilities 356,427 444,598 22,497 823,522 Non-Cash Loans - - - - Prior Period Total Assets 982,188 623,974 286,712 1,892,874 Total Liabilities 664,116 941,043 461,877 2,067,036 Net ‘On Balance Sheet’ Position 318,072 (317,069) (175,165) (174,162) Net ‘Off-Balance Sheet’ Position (294,427) 305,484 197,230 208,287 Derivative Assets 66,693 532,429 221,955 821,077 Derivative Liabilities 361,120 226,945 24,725 612,790 Non-Cash Loans - - - - (*) The foreign currency -indexed loans amounting T L 42 (31 December 2025: TL 70) included under TL loans in the accompanying consolidated financial statements are presented above under the related foreign currency code. (**) Includes expected credit losses in accordance with TFRS 9. (***) Includes securities issued as subordinated loan presented under subordinated debts and financial liabilities measured at FVTPL in the balance sheet (****) Other liabilities include precious metal accounts of TL 382,233 (31 December 2025: TL 295,906). (*****) Includes amounts related to the subsidiary classified as discontinued operations under TFRS 5 in the current period.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 57 4.4 Consolidated interest rate risk The interest rate risk resulting from balance sheet maturity mismatch presents the possible losses that may arise due to the changes in interest rates of interest sensitive assets and liabilities in the on - and off-balance sheet. Interest sensitivity of assets, liabilities and off -balance sheet items is evaluated during the Weekly Assessment Committee and Assets- Liabilities Committee meetings taking into consideration the developments in market conditions. The Bank’s interest rate risk is measured by using, economic value, economic capital, net interest income, income at risk, market price sensitivity of marketable securities portfolio, duration -gap and sensitivity analysis. The results are supported by the sensitivity and scenario analysis performed periodically against the possible instabilities in the markets. Furthermore, the interest rate risk is monitored according to the limits approved by the Board of Directors. 4.4.1 Interest rate sensitivity of assets, liabilities and off balance sheet items (based on repricing dates) Current Period Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and Over Non-Interest Bearing (*) Total Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye 291,057 - - - - 589,021 880,078 Banks 164,484 4,664 676 355 - 55,358 225,537 Financial Assets Measured at Fair Value through Profit/Loss 3,074 222 5,208 9,722 1,904 6,899 27,029 Money Market Placements 45,132 4,634 - - - 85 49,851 Financial Assets Measured at Fair Value through Other Comprehensive Income 55,743 12,672 78,675 57,395 29,906 38,189 272,580 Loans 1,342,244 374,714 761,614 513,563 260,847 137,988 3,390,970 Financial Assets Measured at Amortised Cost 32,097 3,483 57,573 71,190 62,308 69,565 296,216 Other Assets (**)(****) 170 1,176 229,896 500 - 206,824 438,566 Total Assets 1,934,001 401,565 1,133,642 652,725 354,965 1,103,929 5,580,827 Liabilities Bank Deposits 11,171 4,330 - - - 7,501 23,002 Other Deposits 1,632,962 451,454 292,250 36,035 8 1,218,003 3,630,712 Money Market Funds 110,034 13,578 7,685 10 - 4,589 135,896 Miscellaneous Payables 1,436 473 39 - - 283,194 285,142 Securities Issued (***)(****) 89,249 2,856 173,997 40,488 119,984 7,497 434,071 Other Fundings 40,516 52,047 30,381 14,857 1,474 828 140,103 Other Liabilities 219 516 221,537 3,550 841 705,238 931,901 Total Liabilities 1,885,587 525,254 725,889 94,940 122,307 2,226,850 5,580,827 On Balance Sheet Long Position 48,414 - 407,753 557,785 232,658 - 1,246,610 On Balance Sheet Short Position - (123,689) - - - (1,122,921) (1,246,610) Off-Balance Sheet Long Position 87,391 217,737 206,642 182,649 39,029 - 733,448 Off-Balance Sheet Short Position (82,276) (224,146) (265,138) (127,793) (38,924) - (738,277) Total Position 53,529 (130,098) 349,257 612,641 232,763 (1,122,921) (4,829) (*) Interest accruals are included in non-interest bearing column. (**) Includes expected credit losses in accordance with TFRS 9. (***) Includes securities issued having qualification of subordinated loan presented under subordinated debts and financial liabilities measured at FVTPL in the balance sheet. (****) Includes amounts related to the subsidiary classified as discontinued operations under TFRS 5 in the current period.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 58 Prior Period Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and Over Non-Interest Bearing (*) Total Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balance with the Central Bank of Türkiye 240,297 - - - - 395,569 635,866 Banks 261,653 566 367 179 - 89,793 352,558 Financial Assets at Fair Value through Profit/Loss 2,654 1,754 1,016 2,817 840 6,673 15,754 Money Market Placements 10,045 7,606 - - - 20 17,671 Financial Assets Measured at Fair Value through Other Comprehensive Income 22,727 6,600 61,652 58,155 23,548 43,001 215,683 Loans 1,095,747 303,040 651,031 476,510 190,494 93,867 2,810,689 Financial Assets Measured at Amortised Cost 37,963 2,130 35,882 115,296 57,930 69,467 318,668 Other Assets (**) 73 788 224 282 2 179,516 180,885 Total Assets 1,671,159 322,484 750,172 653,239 272,814 877,906 4,547,774 Liabilities Bank Deposits 4,234 - - 41 - 1,861 6,136 Other Deposits 1,340,858 408,234 260,589 25,430 2 1,108,785 3,143,898 Money Market Funds 51,227 16,787 18,076 10 - 1,398 87,498 Miscellaneous Payables 536 386 - - - 212,586 213,508 Securities Issued (***) 77,840 20,135 95,410 69,498 105,071 8,957 376,911 Other Fundings 26,063 11,977 34,746 32,545 5,158 448 110,937 Other Liabilities 158 418 1,117 2,992 487 603,714 608,886 Total Liabilities 1,500,916 457,937 409,938 130,516 110,718 1,937,749 4,547,774 On Balance Sheet Long Position 170,243 - 340,234 522,723 162,096 - 1,195,296 On Balance Sheet Short Position - (135,453) - - - (1,059,843) (1,195,296) Off-Balance Sheet Long Position 106,283 99,707 112,642 161,174 28,166 - 507,972 Off-Balance Sheet Short Position (126,493) (107,857) (126,798) (119,605) (31,009) - (511,762) Total Position 150,033 (143,603) 326,078 564,292 159,253 (1,059,843) (3,790) (*) Interest accruals are included in non-interest bearing column. (**) Includes expected credit losses in accordance with TFRS 9. (***) Includes securities issued having qualification of subordinated loan presented under subordinated debts and financial liabilities measured at FVTPL in the balance sheet
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 59 4.4.2 Average interest rates on monetary financial instruments (%) Current Period EURO USD TL Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye - - 35.33 Banks 1.26-2.52 2.02-3.88 35.50-44.58 Financial Assets at Fair Value through Profit/Loss 4.62 5.12-6.66 35.00-41.02 Money Market Placements 2.28-2.52 3.70 39.05-41.00 Financial Assets Measured at Fair Value through Other Comprehensive Income 0.05-6.25 1.37-12.06 22.12-47.07 Loans (*) 1.08-15.60 3.55-20.22 34.06-63.01 Financial Assets Measured at Amortised Cost 0.10-6.00 6.75 21.52 Liabilities Bank Deposits 2.30-2.80 3.75-4.15 34.00-41.72 Other Deposits 0.04-7.56 1.14-5.50 24.00-41.25 Money Market Fundings 2.60-2.65 4.55 29.39-49.15 Miscellaneous Payables - - - Securities Issued 3.97 6.98 47.64 Other Fundings 0.94-7.77 4.24-8.40 38.14-51.07 Prior Period EURO USD TL Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye - - 31.49 Banks 1.92-2.30 1.77-3.64 36.50-45.92 Financial Assets at Fair Value through Profit/Loss 3.59 5.76-6.36 38.00-40.00 Money Market Placements 1.80 3.54 37.95-40.00 Financial Assets Measured at Fair Value through Other Comprehensive Income 2.13-6.25 0.50-12.06 22.19-49.67 Loans (*) 0.89-19.97 3.55-20.50 26.54-80.82 Financial Assets Measured at Amortised Cost 0.50-4.32 6.68 24.24 Liabilities Bank Deposits 1.75-2.05 - 40.78 Other Deposits 0.10-6.00 0.64-4.90 25.00-37.74 Money Market Fundings - 3.90-4.78 30.27-45.13 Miscellaneous Payables - - - Securities Issued 3.08 6.66 - Other Fundings 0.94-7.30 1.66-8.40 36.89-51.07 (*) Lease receivables and factoring receivables are included.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 60 4.5 Consolidated position risk of equity securities 4.5.1 Equity shares in associates and subsidiaries Accounting policies for equity shares in associates and subsidiaries are disclosed in Note 3.3. 4.5.2 Comparison of carrying, fair and market values of equity shares Current Period Comparison Equity Securities (shares) Carrying Value Fair Value(*) Market Value 1 Investment in Shares- Grade A 29,222 29,222 908 Quoted Securities 908 908 908 2 Investment in Shares- Grade B 26 26 - Quoted Securities - - - 3 Investment in Shares- Grade C 12 12 - Quoted Securities - - - 4 Investment in Shares- Grade D 154 154 - Quoted Securities - - - 5 Investment in Shares- Grade E 3 3 - Quoted Securities - - - 6 Investment in Shares- Grade F - - - Quoted Securities - - - (*) In the current period, the balances are calculated by valuation with equity method. Prior Period Comparison Equity Securities (shares) Carrying Value Fair Value(*) Market Value 1 Investment in Shares- Grade A 22,418 22,418 514 Quoted Securities 514 514 514 2 Investment in Shares- Grade B 26 26 - Quoted Securities - - - 3 Investment in Shares- Grade C 11 11 - Quoted Securities - - - 4 Investment in Shares- Grade D 154 154 - Quoted Securities - - - 5 Investment in Shares- Grade E 4 4 - Quoted Securities - - - 6 Investment in Shares- Grade F - - - Quoted Securities - - - (*) In the prior period, the balances are calculated by valuation with equity method. 4.5.3 Realised gains/losses, revaluation surpluses and unrealised gains/losses on equity securities and results included in core and supplementary capitals Current Period Gains/Losses in Current Period Revaluation Surpluses Unrealized Gains and Losses Portfolio Total Amount in Tier I Capital Total Amount in Tier I Capital 1 Private Equity Investments - - - - - 2 Quoted Shares - - 134 134 3 Other Shares - 1,906 1,906 - - Total - 1,906 1,906 134 134
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 61 Prior Period Gains/Losses in Current Period Revaluation Surpluses Unrealized Gains and Losses Portfolio Total Amount in Tier I Capital Total Amount in Tier I Capital 1 Private Equity Investments - - - - - 2 Quoted Shares - - - 156 156 3 Other Shares - 1,570 1,570 - - Total - 1,570 1,570 156 156 4.5.4 Capital requirement as per equity shares Current Period Portfolio Carrying Value RWA Total Minimum Capital Requirement 1 Private Equity Investments - - - 2 Quoted Shares - - - 3 Other Shares 29,521 29,521 2,362 Total 29,521 29,521 2,362 Prior Period Portfolio Carrying Value RWA Total Minimum Capital Requirement 1 Private Equity Investments - - - 2 Quoted Shares - - - 3 Other Shares 22,227 38,061 3,045 Total 22,227 38,061 3,045 4.6 Liquidity risk management, consolidated liquidity coverage ratio and consolidated net stable funding ratio Liquidity risk is managed by Asset and Liability Management Department (ALMD), Weekly Review Committee and Asset and Liability Committee (ALCO) in line with liquidity and funding policies and risk appetite approved by the Board of Directors in order to take the necessary measures in a timely and correct manner against possible liquidity shortages that may result from market conditions and balance sheet structure. Under stressed conditions, liquidity risk is managed within the contingency funding plan framework. The Board of Directors reviews the liquidity risk management policy and approves the liquidity and funding risk management policy, ensures the effective of practice of policies and integrations with the Parent Bank’s risk management system. The Board of Directors determines the basic metrics in liquidity risk measurement and monitoring. The Board of Directors establishes risk appetite of the Parent Bank in liquidity risk management and identifies the risk limits in accordance with the risk appetite and reviews it regularly. ALCO takes necessary decisions which will be executed by related departments by assessing the liquidity risk that the Parent Bank is exposed to and considering the Parent Bank’s strategy and conditions of competition and pursues the implementations. ALMD, performs daily liquidity management by ensuring compliance with regulatory and internal liquidity limits and monitoring related early warning indicators in case of probable liquidity squeezes. The medium and long term liquidity and funding management is performed by ALMD in accordance with ALCO decisions.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 62 Head of Risk management defines the Parent Bank’s liquidity risk, measures and monitors the risks with liquidity risk measurement methods that are in compliance with international standards, presents measurement results periodically to related departments, committees and senior management. Head of Risk management coordinates related parties in order to ensure compliance of risk management process in accordance with the Parent Bank’s risk profile, operation environment and strategic plan with regulations. Head of Risk management analyses, develops and revises relevant liquidity risk measurement in accordance with changing market conditions and the Parent Bank’s structure. Head of Risk Management department reviews assumptions and parameters used in liquidity risk analysis. The liquidity risk analysis and the important liquidity indicators are reported regularly to related senior management. Additionally, analysis and monitored internal ratios related to liquidity risk are presented in ALCO report. Internal liquidity metrics are monitored with limit and alert levels approved by the Board of Directors/ the Board of Directors Risk Committee and reported regularly to related parties. Decentralized management approach is adopted in the Parent Bank’s liquidity management. Each subsidiary controlled by the Parent Bank performs daily, medium and long term liquidity management independently from the Parent Bank by the authorities in each subsidiary responsible for managing liquidity risk. In addition, within the scope of consolidated risk management, liquidity and funding risk of each subsidiary in control are monitored via the liquidity risk management meth ods identified by the Parent Bank by considering the operations, risk profile and regulations of the related subsidiary. The Parent Bank's funding management is carried out in compliance with the ALCO decisions. Funding and placement strategies are developed by assessing liquidity of the Parent Bank. In liquidity risk management actions that will be taken and procedures are determined by considering normal economic conditions and stress conditions. Diversification of assets and liabilities is assured so as to be able to continuously meet the obligations, also taking into account the relevant currencies. Funding sources are monitored actively during identification of concentration risk related to funding. The Parent Bank's funding base of customer deposits, interbank and other borrowing transactions are diversified in order to prevent the concentration of a particular funding source. Factors that could trigger the sudden and significant run off in funds or impair the accessibility of the funding sources are analyzed. Additionally, in order to have a healthy liquidity buffer, most of the securities which are eligible as collateral at CBRT issued by Republic of Türkiye Ministry of Treasury and Finance have active secondary market are comprised in the Parent Bank’s assets. In the context of TL and foreign currencies liquidity management, the Parent Bank monitors the cash flows regarding assets and liabilities and forecasts the required liquidity in future periods. In cash flow analysis, stress is applied to items that affect the liquidity by volume and rate of change from a liquidity management point of view. Liquidity risk exposed by the Parent Bank is managed by establishing risk appetite, risk mitigation according to the liquidity and funding policies (diversification of funding sources, holding high quality liquid assets reserve) and effective control envir onment and closely monitoring by limits. For those risks that cannot be reduced, the adoption of the current level of risk, reduction or termination of the activities that cause the risk is considered. In liquidity risk stress testing framework, the level of the Parent Bank’s ability to cover cash outflows in liquidity crisis scenario based on the Parent Bank’s current cash flow structure, by high quality liquid assets is calculated. Scenario analysis are performed by assessing changing balance sheet structure, liquidity requirements and market conditions. The results of liquidity risk stress testing are taken into consideration in the assessment of liquidity adequacy and identification of policy regarding liquidity risk and contingency funding plan is prepared within this framework.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 63 There exists “Liquidity Contingency Plan” in the Parent Bank approved by the Board of Directors, including mechanisms to prevent increase in liquidity risk scenarios for different conditions and levels. Available liquidity sources are determined by considering the liquidity squeezes. Within the framework of th is plan, the Parent Bank monitors liquidity risk in terms of early warning indicators and probable scenarios where liquidity risk crisis and possible actions that can be taken. Moreover, Liquidity Contingency Plan for each subsidiaries has been documented and approved by their Board of Directors. In the scope of contingency plan within the framework of intraday liquidity risk management in liquidity and funding risk procedure, situations requiring the activation of contingency plan and indicating an intraday liquidity stress, and intraday liquidity metrics are monitored and intraday liquidity risk stress testing is performed. Furthermore, “Liquidity Contingency Plan” which is approved by the Board of Directors, is prepared independently in each subsidiary controlled by the Parent Bank. The Parent Bank’s liabilities consist of TL and foreign currency funding, of which a large portion is USD/EURO and Gold. Deposits and capital constitute most of TL funding. Retail customers cannot use foreign currency loans but are able to purchase FX for foreign currency deposits, leading to imbalances in deposit and loan volumes in the TL and FC balance sheet . Long term funding obtained from foreign banks and creditors are mainly in foreign currency. For these reasons overall foreign currency liabilities are usually more than foreign currency assets and unused portion of USD, EURO and gold are used in TL fundi ng via currency swap transactions. Swap transactions which is made for TL funding are made with CBRT, however swap transactions with foreign banks are being made in legal swap limits. Repo lines by open market operations and Borsa Istanbul (“OMO / BİST”) a re not utilized, unused limits and high quality liquid asset stock is held is kept to use in the case of a liquidity scarcity in market. Also Eurobonds of Republic of Türkiye aren’t used to secure funding and kept as reserve to use in the case of a foreign currency liquidity scarcity in market. In TL and foreign currency liquidity management, regulatory ratios, internally set warnings, limits and other liquidity and funding metrics are monitored. The Parent Bank turns to permanent consumer deposits to increase of weights Consumer/SME deposits in TL deposits which significantly contributes to liquidity metrics such as the internal stress test during the third quarter of 2026. The Parent Bank keeps a strong liquidity buffer due to possible liquidity risks. Excess liquidity is utilized as overnight reverse repurchase transactions in BİST, in which, the collateral received by the bank is HQLA securities issued by Republic of Türkiye Ministry of Treasury and Finance. 4.6.1 Liquidity coverage ratio Liquidity Coverage Ratio (LCR), aims for the banks having the ability to cover 30 days of liquidity needs with their own cash and high quality liquid assets that are easy to convert to cash during liquidity shortages in the markets. With that perspective and accord ing to “Regulation for Banks’ Liquidity Coverage Ratio Calculations” (the Regulation) terms LCR ratio is calculated by having high quality liquid assets divided by net cash outflows. In both bank- only and consolidated basis, LCR ratio should be at least 80 % for foreign currency and 100% for total. Items in balance sheet and off balance sheet items are taken into account after being multiplied by the coefficients advised in the Regulation. In both bank- only and consolidated LCR calculations cash inflows are limited by 75% of cash outflows and cash inflows from high quality liquid assets aren’t included. High quality liquid assets consist of cash, deposits in central banks and securities considered as high quality liquid assets. Reserve deposits are included in high quality liquid assets, limited by the amount that is allowed by central bank to use in liquidity shortages. High quality liquid assets are composed of 2.41% cash, 61.87% deposits in central banks and 35.72% securities considered as high quality liquid assets. The Parent Bank’s main funding sources are deposits, funds borrowed, money market borrowings and securities issued. Consolidated funding source composition as of report date is 79.04% deposits, 5.98% funds borrowed and money market borrowings, 9.08% securities issued and 5.91% other liabilities. In consolidated LCR calculations, cash outflows are mainly consisting of deposits, secured and unsecured borrowings, securities issued and off balance sheet items. The cash flows from derivative financial instruments are included in consolidated LCR calculations according to the Regulation’s terms. The Parent Bank also considers changes in fair value of the liabilities that result in margin calls when calculating cash outflows.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 64 Current Period Total Unweighted Value (*) Total Weighted Value (*) TL+FC FC TL+FC FC High-Quality Liquid Assets 1,318,480 668,164 1 Total high-quality liquid assets (HQLA) 1,326,015 674,554 1,318,480 668,164 Cash Outflows 2 Retail deposits and deposits from small business customers, of which: 2,279,727 1,064,504 204,064 105,502 3 Stable deposits 478,182 18,965 23,909 948 4 Less stable deposits 1,801,545 1,045,539 180,155 104,554 5 Unsecured wholesale funding, of which: 1,319,065 657,194 750,858 353,201 6 Operational deposits - - - - 7 Non-operational deposits 1,011,546 562,599 534,925 271,042 8 Unsecured funding 307,519 94,595 215,933 82,159 9 Secured wholesale funding 38,667 25,819 38,376 25,670 10 Other cash outflows of which: 3,950,811 443,150 328,607 150,466 11 Outflows related to derivative exposures and other collateral requirements 36,608 85,444 36,608 85,444 12 Outflows related to restructured financial Instruments - - - - 13 Payment commitments and other off-balance sheet commitments granted for debts to financial markets 3,914,203 357,706 291,999 65,022 14 Other revocable off-balance sheet commitments and contractual obligations 50,794 47,943 2,540 2,397 15 Other irrevocable or conditionally revocable off-balance sheet obligations 126,715 125,488 6,336 6,274 16 Total Cash Outflows 7,765,779 2,364,098 1,330,781 643,510 Cash Inflows 17 Secured receivables 120 - - - 18 Unsecured receivables 595,747 233,902 379,871 158,734 19 Other cash inflows 22,607 190,961 19,367 188,705 20 Total Cash Inflows 618,474 424,863 399,238 347,439 Upper Limit Applied Values 21 Total HQLA 1,318,480 668,164 22 Total Net Cash Outflows 931,543 296,071 23 Liquidity Coverage Ratio (%) 141.79% 227.19% (*) The average of last three months’ simple averages of daily figures. The table below presents highest, lowest and average liquidity coverage ratios of the third quarter of 2026: Current Period Highest Date Lowest Date Average TL+FC 163.33% 14.08.2026 129.18% 01.09.2026 141.79% FC 345.43% 30.09.2026 182.68% 28.07.2026 227.19%
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 65 Prior Period Total Unweighted Value (*) Total Weighted Value (*) TL+FC FC TL+FC FC High-Quality Liquid Assets 1,043,670 614,876 1 Total high-quality liquid assets (HQLA) 1,045,658 616,690 1,043,670 614,876 Cash Outflows 2 Retail deposits and deposits from small business customers, of which: 1,863,057 856,835 167,091 84,907 3 Stable deposits 384,286 15,533 19,214 777 4 Less stable deposits 1,478,771 841,302 147,877 84,130 5 Unsecured wholesale funding, of which: 1,006,467 572,143 572,101 330,818 6 Operational deposits - - - - 7 Non-operational deposits 796,751 481,062 421,214 248,524 8 Unsecured funding 209,716 91,081 150,887 82,294 9 Secured wholesale funding 31,780 26,099 31,644 26,099 10 Other cash outflows of which: 3,151,259 318,243 247,099 78,478 11 Outflows related to derivative exposures and other collateral requirements 17,711 32,098 17,711 32,100 12 Outflows related to restructured financial Instruments - - - - 13 Payment commitments and other off-balance sheet commitments granted for debts to financial markets 3,133,548 286,145 229,388 46,378 14 Other revocable off-balance sheet commitments and contractual obligations 40,873 37,508 2,044 1,875 15 Other irrevocable or conditionally revocable off-balance sheet obligations 90,428 89,537 4,522 4,477 16 Total Cash Outflows 6,183,864 1,900,364 1,024,501 526,654 Cash Inflows 17 Secured receivables 133 - - - 18 Unsecured receivables 466,162 190,854 305,487 135,901 19 Other cash inflows 16,586 83,404 15,336 82,837 20 Total Cash Inflows 482,881 274,258 320,823 218,738 Upper Limit Applied Values 21 Total HQLA 1,043,670 614,876 22 Total Net Cash Outflows 703,678 307,916 23 Liquidity Coverage Ratio (%) 148.57% 200.86% (*) The average of last three months’ simple averages of daily figures. The table below presents highest, lowest and average liquidity coverage ratios of the last quarter of 2025: Prior Period Highest Date Lowest Date Average TL+FC 160.92% 31.12.2025 127.05% 04.12.2025 148.57% FC 271.14% 31.10.2025 142.33% 01.10.2025 200.86% 4.6.2 Contractual maturity analysis of liabilities according to remaining maturities Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 66 4.6.3 Maturity analysis of liabilities according to remaining maturities Demand Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and Over Undistributed Total Current Period Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the central bank 491,469 365,270 23,339 - - - - 880,078 Banks 74,495 144,994 3,144 226 - 2,678 - 225,537 Financial Assets at Fair Value through Profit/Loss 7,150 38 - 4,263 13,160 2,418 - 27,029 Money Market Placements - 45,201 4,650 - - - - 49,851 Financial Assets Measured at Fair Value through Other Comprehensive Income 5,094 3,000 4,785 22,055 191,468 46,178 - 272,580 Loans 29,972 1,020,524 470,310 866,327 673,547 145,809 184,481 3,390,970 Financial Assets Measured at Amortised Cost - 1,089 2,640 47,384 132,409 112,694 - 296,216 Other Assets (*)(****) 69,026 18,043 2,346 234,187 5,404 8,902 100,658 438,566 Total Assets 677,206 1,598,159 511,214 1,174,442 1,015,988 318,679 285,139 5,580,827 Liabilities Bank Deposits 7,501 11,171 4,330 - - - - 23,002 Other Deposits 1,403,516 1,445,603 451,772 293,482 36,322 17 - 3,630,712 Other Fundings 5,467 19,687 21,053 50,471 42,890 535 - 140,103 Money Market Funds - 112,026 14,666 8,929 275 - - 135,896 Securities Issued (**) 10,715 2,006 175,927 37,989 121,374 86,022 38 434,071 Miscellaneous Payables 261,977 9,316 729 1,025 - - 12,095 285,142 Other Liabilities (***)(****) 74,700 39,840 10,805 231,029 4,791 2,801 567,935 931,901 Total Liabilities 1,763,876 1,639,649 679,282 622,925 205,652 89,375 580,068 5,580,827 Liquidity Gap (1,086,670) (41,490) (168,068) 551,517 810,336 229,304 (294,929) - Net Off-Balance Sheet Position (7,873) (15,255) (6,603) 3,184 14,525 109 - (11,913) Derivative Financial Assets 8,125 1,064,692 165,992 205,817 81,749 18,475 - 1,544,850 Derivative Financial Liabilities 15,998 1,079,947 172,595 202,633 67,224 18,366 - 1,556,763 Non-Cash Loans 1 214,927 44,589 70,339 27,489 22,593 4,048,148 4,428,086 Prior Period Total Assets 475,009 1,410,315 404,956 815,379 924,808 300,439 216,869 4,547,775 Total Liabilities 1,542,725 1,310,170 464,448 392,982 146,451 186,550 504,449 4,547,775 Liquidity Gap (1,067,716) 100,145 (59,492) 422,397 778,357 113,889 (287,580) - Net Off-Balance Sheet Position (5,249) 2,724 (5,380) (5,962) 4,694 10 - (9,163) Derivative Financial Assets 5,417 539,696 215,641 144,468 51,334 12,568 - 969,124 Derivative Financial Liabilities 10,666 536,972 221,021 150,430 46,640 12,558 - 978,287 Non-Cash Loans 1 161,031 36,898 27,026 63,797 10,139 3,397,027 3,695,919 (*) Includes expected credit losses in accordance with TFRS 9. (**) Includes subordinated securities issued and financial liabilities measured at FVTPL. (***) Shareholders’ Equity is included in “Other Liabilities” line under “Undistributed” column. (****) Includes amounts related to the subsidiary classified as discontinued operations under TFRS 5 in the current period.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 67 4.6.4 Net Stable Funding Ratio Net stable funding ratio (NSFR) is calculated by dividing the available stable funding amount by the required stable funding amount. Available stable funding includes the portion of banks' liabilities and capital that are expected to be permanent; and required stable funding refers to the portion of banks' on-balance sheet assets and off-balance sheet liabilities that are expected to be refunded. Available stable funding amount is calculated by summing the amounts to be found after applying the relevant consideration rates determined within the scope of the legislation to the amounts of banks' liabilities and capital i tems valued in accordance with T FRS. Required stable funding amount will be found after applying the relevant consideration rates determined within the scope of the legislation to the value calculated by deducting the special provisions set aside in accordance with the Regulation on th e Procedures and Principles on the Classification of Loans and the Provisions from the amounts of the banks' on-balance sheet assets and off-balance sheet liabilities valued in accordance with TFRS. The three-month simple arithmetic average of the consolidated and unconsolidated NSFR calculated monthly as of capital calculation periods as of March, June, September and December cannot be less than one hundred percent.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 68 Current Period a b c ç d Unweighted Amount According to Residual Maturity Total Weighted Amount Non Maturity Residual maturity of less than 6 months Residual maturity of nine months and longer but less than one year Residual maturity of one year or more Available stable funding 1 Capital Instruments 638,403 - - - 638,403 2 Tier 1 Capital and Tier 2 Capital 638,403 - - - 638,403 3 Other Capital Instruments - - - - - 4 Real-person and Retail Customer Deposits 1,086,326 1,168,055 76,166 610 2,131,699 5 Stable Deposits 285,661 343,074 44,382 59 639,516 6 Less Stable Deposits 800,665 824,981 31,784 551 1,492,183 7 Other Obligations 386,187 1,007,690 155,121 91,420 849,700 8 Operational deposits 5,761 - - - 2,880 9 Other Obligations 380,426 1,007,690 155,121 91,420 846,820 10 Liabilities equivalent to interconnected assets - - - - - 11 Other Liabilities - - - - 42,759 12 Derivative liabilities - 951 - 13 All other equity not included in the above categories 522,592 76,947 11,039 41,733 42,759 14 Available stable funding - - - - 3,662,561 Required stable funding 15 High Quality Liquid Assets - - - - 130,144 16 Deposits held at financial institutions for operational purposes - - - - - 17 Performing Loans 258,471 2,059,482 504,879 835,924 1,956,283 18 Encumbered loans to financial institutions, where the loan is secured against Level 1 assets 32,831 21,175 273 57 17,795 19 Unencumbered loans to financial institutions or encumbered loans that are not secured against Level 1 assets 37,197 58,156 26,803 - 16,920 20 Loans to corporate customers, real persons and or retail customers, central banks, other than credit agencies and/or financial institutions 178,648 1,960,462 462,493 631,098 1,772,111 21 Loans with a risk weight of less than or equal to %35 - 5,584 3,365 3,686 6,870 22 Residential mortgages - 16,283 13,059 182,520 128,516 23 Residential mortgages with a risk weight of less than or equal to %35 - 11,906 9,469 109,880 76,121 24 Securities that are not in default and do not qualify as HQLA and exchange-traded equities 9,795 3,406 2,251 22,249 20,941 25 Assets equivalent to interconnected liabilities - - - - - 26 Other Assets - - - - 566,404 27 Physical traded commodities, including gold 40,474 - - - 40,474 28 Initial margin posted or given guarantee fund to central counterparty - 774 658 29 Derivative Assets - 18,057 17,586 30 Derivative Liabilities before the deduction of the variation margin - 1,704 1,704 31 Other Assets not included above 441,152 96,372 - 68,151 505,982 32 Off-balance sheet commitments - 403,200 286,003 3,540,276 244,270 33 Total Required stable funding - - - - 2,897,101 34 Net Stable Funding Ratio (%) - - - - 126.42
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 69 As of 30 September 2026, consolidated NSFR is calculated as 126.42% (31 December 2025: 135.08%). Considering the amounts to which the consideration rate is applied, capital items corresponds to 17.43% of available stable funding amount (31 December 2025: 20.15%) and real person and retail customer deposits corresponds to 58.20% of available stable funding amount. ( 31 December 2025: 57.81%), where those two refers to items to which the highest consideration rates are applied within the scope of the legislation. Performing receivables, which have the largest share in required stable funding, constitute 67.53% (31 December 2025: 67.03%) of required stable fund amount. Factors such as the development of major balance sheet items such as loans and deposits, the change in balance sheet maturity structure and asset encumbrance are effective in the development of the ratio between the periods. Consolidated NSFR ratio development in the third quarter of 2026 is shown in the table below. Period Ratio 31 July 2026 128.99% 31 August 2026 127.56% 30 September 2026 126.42% 3 Month Average 127.66%
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 70 Prior Period a b c ç d Unweighted Amount According to Residual Maturity Total Weighted Amount Non Maturity Residual maturity of less than 6 months Residual maturity of nine months and longer but less than one year Residual maturity of one year or more Available stable funding 1 Capital Instruments 629,962 - - - 629,962 2 Tier 1 Capital and Tier 2 Capital 629,962 - - - 629,962 3 Other Capital Instruments - - - - - 4 Real-person and Retail Customer Deposits 957,395 974,296 45,711 469 1,807,124 5 Stable Deposits 242,665 275,177 22,875 85 513,763 6 Less Stable Deposits 714,730 699,119 22,836 384 1,293,361 7 Other Obligations 328,752 814,982 75,332 73,157 653,452 8 Operational deposits 4,465 - - - 2,233 9 Other Obligations 324,287 814,982 75,332 73,157 651,219 10 Liabilities equivalent to interconnected assets - - - - - 11 Other Liabilities - - - - 35,399 12 Derivative liabilities - 2,952 - 13 All other equity not included in the above categories 394,822 34,997 7,468 30,759 35,399 14 Available stable funding - - - - 3,125,937 Required stable funding 15 High Quality Liquid Assets - - - - 95,521 16 Deposits held at financial institutions for operational purposes - - - - - 17 Performing Loans 192,120 1,500,299 456,119 716,652 1,551,235 18 Encumbered loans to financial institutions, where the loan is secured against Level 1 assets 6,590 15,932 - 340 11,311 19 Unencumbered loans to financial institutions or encumbered loans that are not secured against Level 1 assets 80,157 38,801 30,508 7,188 28,801 20 Loans to corporate customers, real persons and or retail customers, central banks, other than credit agencies and/or financial institutions 96,001 1,424,586 413,528 543,982 1,380,845 21 Loans with a risk weight of less than or equal to %35 - 1 2,510 3,265 3,377 22 Residential mortgages - 13,294 11,519 150,378 111,956 23 Residential mortgages with a risk weight of less than or equal to %35 - 9,083 7,825 94,088 70,229 24 Securities that are not in default and do not qualify as HQLA and exchange-traded equities 9,372 7,686 564 14,764 18,322 25 Assets equivalent to interconnected liabilities - - - - - 26 Other Assets - - - - 466,212 27 Physical traded commodities, including gold 35,736 - - - 35,736 28 Initial margin posted or given guarantee fund to central counterparty - 2,531 2,152 29 Derivative Assets - 19,801 18,013 30 Derivative Liabilities before the deduction of the variation margin - 1,231 1,231 31 Other Assets not included above 358,611 85,375 - 41,510 409,080 32 Off-balance sheet commitments - 329,189 215,074 3,004,329 201,207 33 Total Required stable funding - - - - 2,314,176 34 Net Stable Funding Ratio (%) - - - - 135.08
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 71 Consolidated NSFR ratio development in the last 3 months of 2025 is shown in the table below. Period Ratio 31 October 2025 137.59% 30 November 2025 134.48% 31 December 2025 135.08% 3 Month Average 135.72% 4.7 Consolidated leverage ratio The leverage ratio table prepared in accordance with the Communiqué “Regulation on Measurement and Assessment of Leverage Ratios of Banks” published in the Official Gazette No. 28812 dated 5 November 2013 is presented below. The Parent Bank’s consolidated leverage ratio calculated by taking average of end of month leverage ratios for the last three-month periods, is 5.03% (31 December 2025: 5.31%). While the capital increased by 17.57% mainly as a result of increase in net profits, total risk amount increased by 24.14%. Therefore, the current period leverage ratio decreased by 28 basis points compared to prior period. (*) Consolidated financial statements prepared in compliance with the paragraph 6 of Article 5 of the Communiqué “Preparation of Consolidated Financial Statements.” (**) The consolidated financial statements prepared in accordance with Turkish Accounting Standards as of 30 June 2026 for the current period and 30 September 2025 for the prior period, are considered. (***) Amounts in the table are three-month average amounts. Current Period(***) Prior Period(***) 1 Total assets in consolidated financial statements prepared in accordance with Turkish Accounting Standards (*) (**) 5,223,043 3,823,478 2 The difference between total assets prepared in accordance with Turkish Accounting Standards (*) and total assets in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” (**) (6,562) (1,769) 3 The difference between the amounts of derivative financial instruments and credit derivatives in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” and risk amounts of such instruments (127,400) (108,618) 4 The difference between the amounts of securities or commodity financing transactions in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” and risk amounts of such instruments 131,112 123,577 5 The difference between the amounts of off-balance items in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” and risk amounts of such items 15,484 8,193 6 Other differences between the amounts in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” and risk amounts of such items - - 7 Total risk amount 9,920,103 7,990,914
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 72 Current Period (*) Prior Period (*) On-balance sheet assets 1 On-balance sheet items (excluding derivative financial instruments and credit derivatives but including collateral) 5,449,091 4,376,807 2 (Assets deducted in determining Tier I capital) (11,420) (7,818) 3 Total on-balance sheet risks (sum of lines 1 and 2) 5,437,671 4,368,989 Derivative financial instruments and credit derivatives 4 Replacement cost associated with all derivative financial instruments and credit derivatives 20,268 15,402 5 Add-on amounts for PFE associated with all derivative financial instruments and credit derivatives 107,132 93,216 6 Total risks of derivative financial instruments and credit derivatives (sum of lines 4 and 5) 127,400 108,618 Securities or commodity financing transactions (SCFT) 7 Risks from SCFT assets (excluding on-balance sheet) 7,549 17,597 8 Risks from brokerage activities related exposures - - 9 Total risks related with securities or commodity financing transactions (sum of lines 7 and 8) 7,549 17,597 Other off-balance sheet transactions 10 Gross notional amounts of off-balance sheet transactions 4,362,967 3,503,903 11 (Adjustments for conversion to credit equivalent amounts) (15,484) (8,193) 12 Total risks of off-balance sheet items (sum of lines 10 and 11) 4,347,483 3,495,710 Capital and total risks 13 Tier I capital 498,815 424,256 14 Total risks (sum of lines 3, 6, 9 and 12) 9,920,103 7,990,914 Leverage ratio 15 Leverage ratio 5.03% 5.31% (*) Amounts in the table are three-month average amounts. 4.8 Fair values of financial assets and liabilities Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 4.9 Transactions carried out on behalf of customers and items held in trust The Group provides purchase, sale, custody and fund management services on behalf of and for the account of its customers. The Group does not enter into transaction agreements held in trust. 4.10 Risk management objectives and policies The notes under this caption are prepared as per the “Regulation on Calculation of Risk Management Disclosures” published in the Official Gazette No. 29511 dated 23 October 2015. 4.10.1 Risk management strategy and weighted amounts 4.10.1.1 Risk management strategy Risk Management ensures that; risk management policies and principles are applied and adopted throughout the Parent Bank and its consolidated subsidiaries and that risk management system is maintained and improved which pursues risk-return relationship, and measures all risks together and which is in compliance with applicable regulation, bank strategies and policies and where limits determined in connection with the risk appetite approved by the Board of Directors are not breached. Risk Management defines, measures, reports, monitors the risks and ensure the activities executed in order to control these risks thoroughly and timely; also monitors the results.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 73 Policies and procedures regarding risk management are established for consolidated subsidiaries. Policies and procedures are prepared in compliance with applicable legislations that the subsidiaries subject to and the Parent Bank’s risk management strategy, reviewed regularly and revised if necessary. The parent Bank ensures that risk management system is applied in subsidiaries where risks are defined, measured, monitored and controlled. Risk management activities are structured under the responsibility of the Board of Directors. Besides oversight of corporate risk management policies and practices, capital adequacy and planning with liquidity adequacy subjects, management of various risks that the Parent Bank may be exposed to is the responsibility of the Risk Committee, which consists of members of the Board of Directors. Accordingly, the Risk Management, which performs risk management functions, reports to the Board of Directors via the Risk Committee, whereas the Internal Audit Department, performing internal audit functions, the Internal Control Unit, performing internal control functions, and the Compliance Department, which implements compliance controls and performs activities to prevent laundering proceeds of crime, and financing of terrorism, report directly to the Board of Directors. Senior managements responsibility is to report to Board of Directors about the significant risk the Parent Bank encounters, ensure the compliance with the risk management about own duties, eliminate the risks, deficiencies and errors occurring in the units responsible or take the necessary measures, participate in design and implementation of internal capital a dequacy assessment process (ICAAP); participate in process of assessing the adequacy and appropriateness of the underlying assumptions, data sources and principles used to measure the assumptions and risks associated with the models. The Parent Bank’s main approach for the implementation of risk management model is establishing risk culture throughout the Parent Bank, and aims that the importance of risk management for maintaining business operations is understood and risk awareness and sensitivity is ensured for decision making and implementation mechanisms process by all employees. The Parent Bank manages all exposed crisis situations within the framework of business continuity policy and business continuity program formed by strategic goals which designate The Parent Bank’s business continuity vision and principles; takes necessary actions. Compliant with legislation, the Bank measures and monitors risks that exposed to, considering methods suitable with international standards. Risk measuring and reporting are performed via advanced methods and risk management software. Risk based detailed reports are prepared for management of significant risks, in order to determine strategies and take decisions, in this scope, reports are prepared for Board of Directors, relevant committees and senior management. The Parent Bank’s risk appetite framework determines the risk level that the Board of Directors is prepared to accept in order to accomplish the goals and strategies with the consideration of the capacity of the institution to safely absorbs those risks and the Parent Bank monitors regularly risk appetite metrics regarding capital, liquidity, income recurrence and risk based limits. Risks that the Parent Bank is exposed is managed by providing effective control environment and monitoring limits. Unmitigated risks are either accepted with current risk levels or decreasing/ terminating the activity that causes the risk. The Risk Management function conducts the ICAAP report, to be sent to the BRSA by coordinating relevant parties. Stress test report is also reported to the BRSA, which evaluates how adverse effects on macroeconomic parameters, in the scope of determined scenarios, affect the Parent Bank’s three year budget plan and results, and certain ratios, including capital adequacy. Training programs for employees, risk reports to the Board of Directors, senior management and committees, risk appetite framework established by the Parent Bank and ICAAP generate significant inputs to ensure that risk management culture is widely embraced. On the other hand, within the scope of the “Regulation on the Precautionary Plans to be Prepared by Systemically Important Banks” published in the Official Gazette dated 16 March 2021 and numbered 31425, the Bank prepares a Recovery Plan and reports the Plan to BRSA. The Recovery Plan describes; the “precautionary measures” to be taken, in case the Recovery Plan indicators such as solvency (capital), liquidity, profitability indicators etc., fall below certain threshold levels. In this plan, besides the measures that can be applied under stress scenarios, information about the bank's structure is also given.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 74 The main purposes of the Recovery Plan are the following: - An overview, with a detailed analysis of core business lines, critical economic functions as well as its interconnectedness. - A detailed explanation of the specific governance arrangements relating to the recovery plan, comprising its development, approval and integration in the overall corporate governance of the Bank. - A description of the decision -making process regarding the potential adoption of recovery measures, underscoring the escalation process and the role of indicators in this process. - An identification of feasible recovery measures to be potentially adopted in order to restore the Recovery Plan indicators such as liquidity, solvency (capital), profitability etc., following a substantial deterioration that has potentially led to the implementation of recovery measures. This identification should be accompanied by a financial assessment of each measure, their legal and operational requirements, their potential obstacles, and their time for implementation and, in a second step, thei r feasibility in different scenarios of financial stress- A reference to the communication plan to address both internal and external communication. The main purpose of including scenarios in the recovery plan is to test the impact and feasibility of the different recovery measures. They also allow for proper identification of the potential impediments or delays in the implementation of the recovery measures in a range of situations. Therefore, it is worth noting that the role of scenarios is noticeably different from the role of scenarios in other supervisory tools, such as capital plans or stress-tests exercises, whereas there should be consistency among all these tools. 4.10.1.2 Risk weighted amounts (*) Excluding equity investments in funds and amounts below the thresholds for deductions from capital. Risk Weighted Amounts Minimum Capital Requirements Current Period Prior Period Current Period 1 Credit risk (excluding counterparty credit risk) (CCR) (*) 3,598,610 2,558,296 287,889 2 Of which standardised approach (SA) 3,598,610 2,558,296 287,889 3 Of which internal rating-based (IRB) approach - - - 4 Counterparty credit risk 39,745 23,701 3,180 5 Of which standardised approach for counterparty credit risk (SA-CCR) 39,745 23,701 3,180 6 Of which internal model method (IMM) - - - 7 Equity position in banking book under basic risk weighting or internal rating-based - - - 8 Equity investments in funds – look-through approach - - - 9 Equity investments in funds – mandate-based approach 1,025 1,688 81 10 Equity investments in funds – 1250% risk weighting Approach - - - 11 Settlement risk - - - 12 Securitisation exposures in banking book - - - 13 Of which IRB ratings-based approach (RBA) - - - 14 Of which IRB supervisory formula approach (SFA) - - - 15 Of which SA/simplified supervisory formula approach (SSFA) - - - 16 Market risk 97,546 87,752 7,804 17 Of which standardised approach (SA) 97,546 87,752 7,804 18 Of which internal model approaches (IMM) - - - 19 Operational risk 494,413 337,671 39,553 20 Of which basic indicator approach 494,413 337,671 39,553 21 Of which standardised approach - - - 22 Of which advanced measurement approach - - - 23 Amounts below the thresholds for deduction from capital (subject to 250% risk weight) - - - 24 Floor adjustment - - - 25 Total (1+4+7+8+9+10+11+12+16+19+23+24) 4,231,339 3,009,108 338,507
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 75 4.10.2 Linkages between financial statements and risk amounts Not prepared in compliance with the “Regulation on Calculation of Risk Management Disclosures”. 4.10.3 Consolidated credit risk Not prepared in compliance with the “Regulation on Calculation of Risk Management Disclosures”. 4.10.4 Consolidated counterparty credit risk Not prepared in compliance with the “Regulation on Calculation of Risk Management Disclosures”. 4.10.5 Consolidated securitisations Not prepared in compliance with the “Regulation on Calculation of Risk Management Disclosures”. 4.10.6 Consolidated market risk Not prepared in compliance with the “Regulation on Calculation of Risk Management Disclosures”. 4.10.7 Consolidat Regulation ed operational risk Not prepared in compliance with the “Regulation on Calculation of Risk Management Disclosures”. 4.10.8 Consolidated banking book interest rate risk Not prepared in compliance with the “Regulation on Calculation of Risk Management Disclosures”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 76 5 Disclosures and Footnotes on Consolidated Financial Statements 5.1 Consolidated assets 5.1.1 Cash and Cash Equivalents 5.1.1.1 Cash and balances with Central Bank Current Period Prior Period TL FC TL FC Cash in TL/Foreign Currency 7,324 22,889 7,413 24,405 Central Bank of Türkiye 559,892 249,412 350,475 217,831 Others - 40,561 - 35,742 Total 567,216 312,862 357,888 277,978 Balances with the Central Bank of Türkiye Current Period Prior Period TL FC TL FC Unrestricted Demand Deposits 213,772 26 136,977 30 Unrestricted Time Deposits 230,236 - 105,111 - Restricted Time Deposits 115,884 249,386 108,387 217,801 Total 559,892 249,412 350,475 217,831 The reserve requirements in TL, FC and gold that maintained in accordance with the “Communiqué Regarding the Reserve Requirements” numbered 2013/15 are included in the table. As of 30 September 2026, reserve requirement rates for TL denominated liabilities are in between 0% and 40% depending on their original maturity (31 December 2025 : between 3% and 40%) and, reserve requirement rates for foreign currency denominated liabilities are in between 0 % and 32% depending on their original maturity (31 December 2025: between 5% and 32%). The Parent Bank earns interest income on the required reserve amounts maintained in respect of Turkish lira (TRY) deposits. Within the scope of Regulation on Commission Applied To Reserve Requirement Balances, the banks that undershoot the minimum levels required by CBRT for targets namely “Ratio For Share of TL Deposit” should pay commission to CBRT over their foreign currency denominated reserve requirement balances linked to foreign currency deposits.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 77 5.1.1.2 Banks Current Period Prior Period TL FC TL FC Banks Domestic banks 19,632 1,199 11,807 1,858 Foreign banks 3,926 200,780 2,762 336,131 Foreign head office and branches - - - - Total 23,558 201,979 14,569 337,989 The placements at foreign banks include blocked accounts amounting TL 19,177 (31 December 2025: TL 86,675) of which TL 1,015 (31 December 2025: TL 75,966) kept at the Central Banks of Malta, TL 1,899 (31 December 2025: TL 1,522) kept at Turkish Republic of Northern Cyprus and TL 16,263 (31 December 2025: TL 9,187) kept at various banks as collateral. Furthermore, there are restricted deposits at various domestic banks amounting TL 4,980 (31 December 2025: TL 3,208) as required for insurance activities. Due from foreign banks Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.1.3 Receivables from reserve repo transactions Current Period Prior Period TL FC TL FC Domestic Transactions 25,507 - 2,654 - Central Bank of Türkiye - - - - Banks 25,507 - 2,654 - Others - - - - Foreign Transactions - 24,344 - 15,017 Central banks - - - - Banks - 24,344 - 15,017 Others - - - - Total 25,507 24,344 2,654 15,017 5.1.1.4 Expected credit losses for cash and cash equivalents Current Period Stage 1 Stage 2 Stage 3 Total Balances at Beginning of Period 865 - - 865 Additions during the Period 2,026 - - 2,026 Disposal (*) (2,028) - - (2,028) Transfer to Stage1 - - - - Transfer to Stage 2 - - - - Transfer to Stage 3 - - - - Foreign Currency Differences 39 - - 39 Balances at End of Period 902 - - 902 (*) An amount of TL 7 included in the opening balance relates to certain subsidiaries classified as discontinued operations under TFRS 5 in the current period and is presented under the “Disposal” line in the table.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 78 5.1.2 Financial assets at fair value through profit/loss 5.1.2.1 Financial assets at fair value through profit/loss subject to repurchase agreements and provided as collateral/blocked Current Period Prior Period TL FC TL FC Collateralised/Blocked Assets 1,068 4,048 504 3,767 Assets Subject to Repurchase Agreements 188 - 145 - Total 1,256 4,048 649 3,767 5.1.2.2. Financial assets measured at fair value through profit or loss Current Period Prior Period TL FC TL FC Government Securities 8,180 10,502 2,776 6,065 Equity Securities 904 9 1,472 8 Other Financial Assets (*) 5,667 1,767 4,435 998 Total 14,751 12,278 8,683 7,071 (*) Loans whose contractual conditions are inconsistent with a basic lending agreement (consideration for the time value of money and credit risk are typically the most significant elements of interest) are measured at fair value through profit or loss. As of 30 September 2026, loans with a fair value of TL 196 (31 December 2025: TL 251) have been classified under other financial assets. 5.1.3 Financial assets measured at fair value through other comprehensive income 5.1.3.1 Financial assets subject to repurchase agreements and provided as collateral/blocked Current Period Prior Period TL FC TL FC Collateralised/Blocked Assets 17,641 8,397 12,841 9,716 Assets subject to Repurchase Agreements 80 60,140 9,269 41,621 Total 17,721 68,537 22,110 51,337 Prior Period Stage 1 Stage 2 Stage 3 Total Balances at Beginning of Period 597 - - 597 Additions during the Period 3,056 - - 3,056 Disposal (2,931) - - (2,931) Transfer to Stage1 - - - - Transfer to Stage 2 - - - - Transfer to Stage 3 - - - - Foreign Currency Differences 143 - - 143 Balances at End of Period 865 - - 865
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 79 5.1.3.2 Details of financial assets measured at fair value through other comprehensive income Current Period Prior Period Debt Securities 237,038 173,139 Quoted at Stock Exchange 237,038 173,139 Unquoted at Stock Exchange - - Common Shares/Investment Fund 41 37 Quoted at Stock Exchange 4 4 Unquoted at Stock Exchange 37 33 Value Increase/Impairment Losses (-) 35,501 42,507 Total 272,580 215,683 Expected losses of TL 260 (31 December 2025: TL 251) are accounted under shareholders’ equity for financial assets measured at fair value through other comprehensive income. 5.1.4 Derivative financial assets 5.1.4.1 Positive differences on derivative financial assets measured at FVTPL Current Period Prior Period TL FC TL FC Forward Transactions 1,735 102 874 218 Swap Transactions 5,799 14,293 3,854 16,482 Futures - - - - Options 667 283 288 38 Others - 2 - - Total 8,201 14,680 5,016 16,738 5.1.4.2 Positive differences on derivative financial instruments held for hedging purpose Derivative Financial Assets Held for Hedging Purpose Current Period Prior Period TL FC TL FC Fair Value Hedges - 2,756 - 1,951 Cash Flow Hedges 507 79 11 186 Net Foreign Investment Hedges - - - - Total 507 2,835 11 2,137 As of 30 September 2026, the face values and the net fair values, recognised in the balance sheet, of the derivative financial instruments held for hedging purpose, are summarized below: Current Period Prior Period Face Value Asset Liability Face Value Asset Liability Interest Rate Swaps 273,338 3,289 1,341 226,435 1,986 104 -TL 28,110 503 81 3,024 11 27 -FC 245,228 2,786 1,260 223,411 1,975 77 Cross Currency Swaps 6,436 19 194 19,303 162 874 -TL 2,611 4 134 7,605 - 245 -FC 3,825 15 60 11,698 162 629 Currency Forwards 2,443 34 43 600 - 68 -TL 110 - - 329 - - -FC 2,333 34 43 271 - 68 Total 282,217 3,342 1,578 246,338 2,148 1,046
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 80 5.1.4.3 Fair value hedge accounting Current Period Hedging Item Hedged Item Type of Risk Fair Value Change of Hedged Item Net Fair Value Change of Hedging Item Statement of profit or loss Effect (gains/losses from derivative financial instruments) Asset Liability Interest Rate Swaps Fixed-rate commercial loans Interest rate risk (717) 2,756 (3) 2,017 Interest Rate Swaps Fixed-rate securities Interest rate risk (350) - (1,270) 122 Interest Rate Swaps Fixed-rate securities issued Interest rate risk - - - - Cross Currency Swaps Fixed-rate securities Interest rate and fx rate risk - - - - Prior Period Hedging Item Hedged Item Type of Risk Fair Value Change of Hedged Item Net Fair Value Change of Hedging Item Statement of profit or loss Effect (gains/losses from derivative financial instruments)) Asset Liability Interest Rate Swaps Fixed-rate commercial loans Interest rate risk 74 626 (35) 665 Interest Rate Swaps Fixed-rate securities Interest rate risk (35) 125 (38) (36) Interest Rate Swaps Fixed-rate securities issued Interest rate risk (2,922) 1,180 - (1,652) Cross Currency Swaps Fixed-rate securities Interest rate and fx rate risk - 20 (171) - 5.1.4.4 Cash flow hedge accounting Current Period Hedging Item Hedged Item Type of Risk Fair Value Change of Hedged Item Gains/Losses Accounted under Shareholders’ Equity in the Period Gains/Losses Accounted under Statement of Profit/Loss in the Period Ineffective Portion (net) Accounted under Statement of Profit/Loss Asset Liability Interest Rate Swaps Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates 34 (39) 9 107 - Interest Rate Swaps Floating-rate deposit Cash flow risk resulted from change in market interest rates 499 (29) 1,482 1,398 5 Cross Currency Swaps Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates 4 - 37 - - Cross Currency Swaps Fixed-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates 15 (194) 109 (100) - Currency Forwards Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates - (43) (53) 54 - Currency Forwards Expected investment /Operational expenses Cash flow risk resulted from foreign currency exchange rates 34 - 34 - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 81 In the current period, the profit/loss amount recognized in the equity due to the ceased hedging transactions is TL 180 and the part of this amount recycled to income statement is TL 369. Prior Period Hedging Item Hedged Item Type of Risk Fair Value Change of Hedged Item Gains/Losses Accounted under Shareholders’ Equity in the Period Gains/Losses Accounted under Statement of Profit/Loss in the Period Ineffective Portion (net) Accounted under Statement of Profit/Loss Asset Liability Interest Rate Swaps Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates 47 (31) 59 2 - Interest Rate Swaps Floating-rate deposit Cash flow risk resulted from change in market interest rates 8 - 92 95 9 Cross Currency Swaps Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates - (72) (166) - - Cross Currency Swaps Fixed-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates 142 (631) (258) 227 - Currency Forwards Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates - (68) 70 (33) - Currency Forwards Expected investment /Operational expenses Cash flow risk resulted from foreign currency exchange rates - - - - - As of 31 December 2025, the profit/loss amount recognized in the equity due to the c eased hedging transactions is TL 88 and the part of this amount recycled to income statement is TL 630.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 82 5.1.5 Loans 5.1.5.1 Loans and advances to shareholders and employees of the Bank Current Period Prior Period Cash Loans Non-Cash Loans Cash Loans Non-Cash Loans Direct Lendings to Shareholders - 19,203 - 4,948 Corporates - 19,203 - 4,948 Individuals - - - - Indirect Lendings to Shareholders 45 629 21 16 Loans to Employees 4,888 2 3,962 1 Total 4,933 19,834 3,983 4,965 5.1.5.2 Performing loans and loans under follow-up including restructured loans, and provisions allocated for such loans Loans measured at amortised cost Current Period Performing Loans Loans under Follow-up Cash Loans (*) Non-restructured Restructured Revised Contract Terms Refinanced Loans 2,652,470 332,787 119,779 13,612 Working Capital Loans 309,168 29,163 1,863 4,049 Export Loans 283,903 20,870 9,236 555 Import Loans 847 - - - Loans to Financial Sector 111,588 - - - Consumer Loans 533,313 77,614 21,644 10 Credit Cards 636,256 140,330 50,314 - Others 777,395 64,810 36,722 8,998 Specialization Loans - - - - Other Receivables 134,546 4,229 2,931 - Total 2,787,016 337,016 122,710 13,612 (*) Non-performing loans are not included. Prior Period Performing Loans Loans under Follow-up Cash Loans (*) Non-restructured Restructured Revised Contract Terms Refinanced Loans 2,359,718 176,240 87,501 8,425 Working Capital Loans 296,531 17,996 337 2,646 Export Loans 238,455 13,078 50 339 Import Loans 1,668 - - - Loans to Financial Sector 95,971 - - 1 Consumer Loans 507,428 36,321 12,667 39 Credit Cards 534,683 64,941 36,772 - Others 684,982 43,904 37,675 5,400 Specialization Loans - - - - Other Receivables 86,480 3,839 2,319 153 Total 2,446,198 180,079 89,820 8,578 (*) Non-performing loans are not included.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 83 Current Period Corporate/ Commercial Loans Consumer Loans Financial Lease Factoring Total TL FC TL FC TL FC TL FC TL FC Performing Loans (Stage 1) 760,400 873,017 948,862 70,188 18,693 58,396 44,617 12,843 1,772,572 1,014,444 Loans under Follow-up (Stage 2) 112,690 93,149 260,244 94 2,002 4,612 547 - 375,483 97,855 Total Stage 1 and 2 Loans 873,090 966,166 1,209,106 70,282 20,695 63,008 45,164 12,843 2,148,055 1,112,299 Expected Credit losses-Stage 1-2 (-) 10,134 14,142 15,902 62 92 680 66 9 26,194 14,893 Total Non-performing Loans 57,624 3,295 66,935 227 1,118 690 727 - 126,404 4,212 Expected Credit losses-Stage 3 (-) 35,918 1,965 41,934 156 565 320 580 - 78,997 2,441 Prior Period Corporate/ Commercial Loans Consumer Loans Financial Lease Factoring Total TL FC TL FC TL FC TL FC TL FC Performing Loans (Stage 1) 633,215 802,186 826,762 97,542 12,441 41,977 28,511 3,563 1,500,929 945,268 Loans under Follow-up (Stage 2) 60,352 76,044 132,292 3,479 1,412 4,773 126 - 194,182 84,296 Total Stage 1 and 2 Loans 693,567 878,230 959,054 101,021 13,853 46,750 28,637 3,563 1,695,111 1,029,564 Expected Credit losses-Stage 1-2 (-) 5,818 13,824 11,016 813 169 1,055 39 3 17,042 15,695 Total Non-performing Loans 34,643 4,028 43,587 1,581 822 927 426 - 79,478 6,536 Expected Credit losses-Stage 3 (-) 20,886 2,577 27,736 1,316 519 651 335 - 49,476 4,544 Current Period Prior Period Performing Loans Loans Under Follow-Up Performing Loans Loans Under Follow-Up 12-Month ECL (Stage 1) 11,982 - 8,734 - Significant Increase in Credit Risk (Stage 2) - 29,105 - 24,003 As of 30 September 2026, loans amounting to TL 9,089 (31 December 2025: TL 9,240) are benefited as collateral under funding transactions. Collaterals received for loans under follow-up Current Period Corporate / Commercial Loans Consumer Loans Credit Cards Total Loans Collateralized by Cash 3,566 25 113 3,704 Loans Collateralized by Mortgages / Shares/ Credit Guarantee Fund Sureties 94,278 14,275 - 108,553 Loans Collateralized by Pledged Assets 19,331 751 - 20,082 Loans Collateralized by Cheques and Notes 3,068 12 - 3,080 Loans Collateralized by Other Collaterals 56,008 34,570 - 90,578 Unsecured Loans 7,175 49,635 190,531 247,341 Total 183,426 99,268 190,644 473,338
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 84 Prior Period Corporate / Commercial Loans Consumer Loans Credit Cards Total Loans Collateralized by Cash 1,235 14 65 1,314 Loans Collateralized by Mortgages / Shares/ Credit Guarantee Fund Sureties 48,216 3,938 - 52,154 Loans Collateralized by Pledged Assets 13,295 393 - 13,688 Loans Collateralized by Cheques and Notes 665 6 - 671 Loans Collateralized by Other Collaterals 58,043 23,051 - 81,094 Unsecured Loans 6,283 21,625 101,648 129,556 Total 127,737 49,027 101,713 278,477 Delinquency periods of loans under follow-up Current Period Corporate / Commercial Loans Consumer Loans Credit Cards Total 31-60 days 7,175 7,869 13,355 28,399 61-90 days 6,991 4,739 6,395 18,125 Other 169,260 86,660 170,894 426,814 Total 183,426 99,268 190,644 473,338 Prior Period Corporate / Commercial Loans Consumer Loans Credit Cards Total 31-60 days 4,044 6,939 8,686 19,669 61-90 days 2,948 2,971 4,645 10,564 Other 120,745 39,117 88,382 248,244 Total 127,737 49,027 101,713 278,477 5.1.5.3 Maturity analysis of cash loans Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 85 5.1.5.4 Consumer loans, retail credit cards, personnel loans and personnel credit cards Current Period Short-Term Medium and Long- Term Total Consumer Loans – TL 96,131 279,517 375,648 Housing Loans 123 116,072 116,195 Automobile Loans 2,823 5,077 7,900 General Purpose Loans 93,185 158,368 251,553 Others - - - Consumer Loans – FC-indexed - 38 38 Housing Loans - 38 38 Automobile Loans - - - General Purpose Loans - - - Others - - - Consumer Loans – FC 18,205 48,014 66,219 Housing Loans - 46,808 46,808 Automobile Loans 1 920 921 General Purpose Loans 10 286 296 Others 18,194 - 18,194 Retail Credit Cards – TL 603,033 33,368 636,401 With Installment 246,970 33,368 280,338 Without Installment 356,063 - 356,063 Retail Credit Cards – FC 3,984 - 3,984 With Installment - - - Without Installment 3,984 - 3,984 Personnel Loans – TL 1,528 1,236 2,764 Housing Loan - 17 17 Automobile Loans 1 7 8 General Purpose Loans 1,527 1,212 2,739 Others - - - Personnel Loans - FC-indexed - - - Housing Loans - - - Automobile Loans - - - General Purpose Loans - - - Others - - - Personnel Loans – FC - - - Housing Loans - - - Automobile Loans - - - General Purpose Loans - - - Others - - - Personnel Credit Cards – TL 1,841 19 1,860 With Installment 605 19 624 Without Installment 1,236 - 1,236 Personnel Credit Cards – FC 49 - 49 With Installment - - - Without Installment 49 - 49 Deposit Accounts– TL (Real Persons) 187,697 - 187,697 Deposit Accounts– TL (Personnel) 215 - 215 Deposit Accounts– FC (Real Persons) - - - Total 912,683 362,192 1,274,875
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 86 Prior Period Short-Term Medium and Long-Term Total Consumer Loans – TL 83,120 250,999 334,119 Housing Loans 176 97,017 97,193 Automobile Loans 8,079 4,623 12,702 General Purpose Loans 74,865 149,359 224,224 Others - - - Consumer Loans – FC-indexed - 65 65 Housing Loans - 65 65 Automobile Loans - - - General Purpose Loans - - - Others - - - Consumer Loans – FC 21,000 74,899 95,899 Housing Loans 1,672 55,189 56,861 Automobile Loans 2 281 283 General Purpose Loans 6,621 19,429 26,050 Others 12,705 - 12,705 Retail Credit Cards – TL 466,066 24,723 490,789 With Installment 192,112 24,723 216,835 Without Installment 273,954 - 273,954 Retail Credit Cards – FC 4,854 59 4,913 With Installment - - - Without Installment 4,854 59 4,913 Personnel Loans – TL 1,242 906 2,148 Housing Loan - 12 12 Automobile Loans 1 1 2 General Purpose Loans 1,241 893 2,134 Others - - - Personnel Loans - FC-indexed - - - Housing Loans - - - Automobile Loans - - - General Purpose Loans - - - Others - - - Personnel Loans – FC 22 120 142 Housing Loans 5 63 68 Automobile Loans - - - General Purpose Loans 13 57 70 Others 4 - 4 Personnel Credit Cards – TL 1,432 18 1,451 With Installment 455 18 473 Without Installment 977 - 978 Personnel Credit Cards – FC 66 1 67 With Installment - - - Without Installment 66 1 67 Deposit Accounts– TL (Real Persons) 123,927 - 123,927 Deposit Accounts– TL (Personnel) 155 - 156 Deposit Accounts– FC (Real Persons) - - - Total 701,884 351,790 1,053,676
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 87 5.1.5.5 Installment based commercial loans and corporate credit cards Current Period Short-Term Medium and Long-Term Total Installment-based Commercial Loans – TL 32,798 158,684 191,482 Real Estate Loans 26 4,290 4,316 Automobile Loans 8,289 72,704 80,993 General Purpose Loans 24,483 81,690 106,173 Others - - - Installment-based Commercial Loans - FC-indexed - - - Real Estate Loans - - - Automobile Loans - - - General Purpose Loans - - - Others - - - Installment-based Commercial Loans – FC 46 4,397 4,443 Real Estate Loans - - - Automobile Loans 40 4,381 4,421 General Purpose Loans 6 16 22 Others - - - Corporate Credit Cards – TL 175,496 8,430 183,926 With Installment 46,057 8,430 54,487 Without Installment 129,439 - 129,439 Corporate Credit Cards – FC 680 - 680 With Installment - - - Without Installment 680 - 680 Deposit Accounts– TL (Corporates) 40,384 - 40,384 Deposit Accounts– FC (Corporates) - - - Total 249,404 171,511 420,915
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 88 Prior Period Short-Term Medium and Long-Term Total Installment-based Commercial Loans – TL 16,501 142,356 158,857 Real Estate Loans 4 2,986 2,990 Automobile Loans 6,236 70,068 76,304 General Purpose Loans 10,261 69,302 79,563 Others - - - Installment-based Commercial Loans - FC-indexed - - - Real Estate Loans - - - Automobile Loans - - - General Purpose Loans - - - Others - - - Installment-based Commercial Loans – FC 32,952 45,777 78,729 Real Estate Loans - - - Automobile Loans 31 3,217 3,248 General Purpose Loans 8 35 43 Others 32,913 42,525 75,438 Corporate Credit Cards – TL 131,344 7,345 138,689 With Installment 34,290 7,345 41,635 Without Installment 97,054 - 97,054 Corporate Credit Cards – FC 487 - 487 With Installment - - - Without Installment 487 - 487 Deposit Accounts– TL (Corporates) 22,675 - 22,675 Deposit Accounts– FC (Corporates) - - - Total 203,959 195,478 399,437 5.1.5.6 Allocation of loans by customers Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.5.7 Allocation of domestic and foreign loans (*) Current Period Prior Period Domestic Loans 2,988,111 2,374,376 Foreign Loans 272,243 350,299 Total 3,260,354 2,724,675 (*) Non-performing loans are not included. 5.1.5.8 Loans to associates and subsidiaries Current Period Prior Period Direct Lending 5,157 4,463 Indirect Lending - - Total 5,157 4,463
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 89 5.1.5.9 Provision allocated for non-performing loans (Stage 3) Current Period Prior Period Substandard Loans- Limited Collectibility 18,236 12,856 Doubtful Loans 25,557 19,208 Uncollectible Loans 37,645 21,956 Total 81,438 54,020 5.1.5.10 Non-performing loans (NPLs) (net) Non-performing loans and loans restructured from this category Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Current Period (Gross amounts before provisions) 10,688 10,579 12,994 Restructured Loans 10,688 10,579 12,994 Prior Period (Gross amounts before provisions) 6,322 5,200 9,211 Restructured Loans 6,322 5,200 9,211 Movements in non-performing loan groups Current Period Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Balances at End of Prior Period 24,188 31,356 30,470 Additions during the Period (+) 88,831 1,324 2,378 Transfer from Other NPL Categories (+) 12 64,749 42,967 Transfer to Other NPL Categories (-) 64,750 42,966 12 Collections during the Period (-) 12,275 8,629 6,994 Write down /Write-offs (-) (*) (**) 1 - 37 Debt Sale (-) (***) 55 3,577 13,565 Corporate and Commercial Loans 18 688 1,270 Retail Loans 15 979 4,739 Credit Cards 22 1,910 7,556 Other(****) (1,388) (556) (1,253) Foreign Currency Differences 77 36 286 Balances at End of Period 34,639 41,737 54,240 Provisions (-) 18,236 25,557 37,645 Net Balance on Balance Sheet 16,403 16,180 16,595 (*) Includes loans for which 100% provision is provided during the corresponding period. (**) As of 30 September 2026, the Parent Bank’s and consolidated subsidiaries, has also written down “Group V Loan” (Loans Classified as Loss) amounting to TL 16,029 (31 December 2025: TL 16,895). As of 30 September 2026, the non-performing loan ratio of the Group calculated as 3.85 % (31 December 2025: 3.06%) by taking into account the written-off loans in accordance with the amendment on the relevant Provisions Regulation instead of 4.30 % (31 December 2025: 3.68%). In the current period, the collection amounting to TL 2,690 (31 December 2025: TL 2,615) has been performed from written-down loans. (***) Consists of sale of non-performing loans. (****) An amount of TL 3,200 within the opening balance relates to subsidiaries classified as discontinued operations under TFRS 5 in the current period, and this amount has been allocated to the relevant groups and excluded from the table under the “Other” line item.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 90 Prior Period Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Balances at End of Prior Period 12,834 10,902 15,410 Additions during the Period (+) 82,343 775 2,591 Transfer from Other NPL Categories (+) 127 59,398 26,619 Transfer to Other NPL Categories (-) 60,206 25,871 68 Collections during the Period (-) 11,348 8,885 5,615 Write down / Write-offs (-) (*) (**) 4 16 1,803 Debt Sale (-) (***) 90 5,132 7,464 Corporate and Commercial Loans 38 814 456 Retail Loans 23 1,398 2,910 Credit Cards 29 2,920 4,098 Other - - - Foreign Currency Differences 532 185 800 Balances at End of Period 24,188 31,356 30,470 Provisions (-) 12,856 19,208 21,956 Net Balance on Balance Sheet 11,332 12,148 8,514 Non-performing loans in foreign currencies Group III Group IV Group V Substandard Loans and Receivables Doubtful Loans and Receivables Uncollectible Loans and Receivables Current Period Balance at End of Period 1,913 1,321 3,233 Provisions (-) 865 747 1,612 Net Balance at Balance Sheet 1,048 574 1,621 Prior Period Balance at End of Period 2,615 2,468 8,377 Provisions (-) 1,539 1,275 6,050 Net Balance at Balance Sheet 1,076 1,193 2,327
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 91 Gross and net non-performing loans as per customer categories Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Current Period (Net) 16,403 16,180 16,595 Loans to Individuals and Corporates (Gross) 34,639 41,737 54,240 Provision (-) 18,236 25,557 37,645 Loans to Individuals and Corporates (Net) 16,403 16,180 16,595 Banks (Gross) - - - Provision (-) - - - Banks (Net) - - - Other Loans and Receivables (Gross) - - - Provision (-) - - - Other Loans and Receivables (Net) - - - Prior Period (Net) 11,332 12,148 8,513 Loans to Individuals and Corporates (Gross) 24,039 31,286 30,226 Provision (-) 12,766 19,153 21,720 Loans to Individuals and Corporates (Net) 11,273 12,133 8,506 Banks (Gross) - - - Provision (-) - - - Banks (Net) - - - Other Loans and Receivables (Gross) 148 70 244 Provision (-) 89 55 237 Other Loans and Receivables (Net) 59 15 7 Interest accruals, valuation differences and related provisions calculated for non-performing loans Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Current Period (Net) 2,227 2,363 2,427 Interest accruals and valuation differences 4,721 6,139 7,674 Provision (-) 2,494 3,776 5,247 Prior Period (Net) 1,511 1,851 1,264 Interest accruals and valuation differences 3,201 4,797 4,129 Provision (-) 1,690 2,946 2,865
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 92 Collaterals received for non-performing loans Current Period Corporate/ Commercial Loans Consumer Loans Credit Cards Total Loans Collateralized by Cash 104 1 - 105 Loans Collateralized by Mortgages 30,063 825 - 30,888 Loans Collateralized by Pledged Assets 2,722 61 - 2,783 Loans Collateralized by Cheques and Notes 189 2 - 191 Loans Collateralized by Other Collaterals 16,484 13,397 - 29,881 Unsecured Loans 5,468 14,595 46,705 66,768 Total 55,030 28,881 46,705 130,616 Prior Period Corporate/ Commercial Loans Consumer Loans Credit Cards Total Loans Collateralized by Cash 139 1 - 140 Loans Collateralized by Mortgages 19,479 486 - 19,965 Loans Collateralized by Pledged Assets 2,126 42 - 2,168 Loans Collateralized by Cheques and Notes 88 1 - 89 Loans Collateralized by Other Collaterals 10,898 10,943 - 21,841 Unsecured Loans 3,790 7,977 30,044 41,811 Total 36,520 19,450 30,044 86,014 5.1.5.11 Expected credit loss for loans Current Period Stage 1 Stage 2 Stage 3 Total Balances at End of Prior Period 8,734 24,003 54,020 86,757 Additions during the Period (+) 16,267 42,486 38,892 97,645 Disposal (*) (16,496) (19,912) (14,684) (51,092) Debt Sale - - (12,490) (12,490) Write-offs - - (38) (38) Transfer to Stage1 9,411 (9,384) (27) - Transfer to Stage 2 (6,099) 6,137 (38) - Transfer to Stage 3 (112) (15,439) 15,551 - Foreign Currency Differences 277 1,214 252 1,743 Balances at End of Period 11,982 29,105 81,438 122,525 (*) An amount of TL 4,322 included in the opening balance relates to subsidiaries classified as discontinued operations under TFRS 5 in the current period and has been allocated across credit risk stages and presented under the “Disposal” line in the table. Prior Period Stage 1 Stage 2 Stage 3 Total Balances at End of Prior Period 8,919 25,694 26,198 60,811 Additions during the Period (+) 18,131 41,716 35,668 95,515 Disposal (24,880) (27,602) (12,962) (65,444) Debt Sale - - (9,084) (9,084) Write-offs - - (1,823) (1,823) Transfer to Stage1 12,935 (12,828) (107) - Transfer to Stage 2 (7,209) 7,333 (124) - Transfer to Stage 3 (121) (15,068) 15,189 - Foreign Currency Differences 959 4,758 1,065 6,782 Balances at End of Period 8,734 24,003 54,020 86,757
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 93 5.1.5.12 Liquidation policy for uncollectible loans Loans and other receivables classified as Loss are collected through legal follow -up and conversion of collaterals into cash, after all available recovery alternatives permitted under the applicable legislation have been assessed with the objective of maximizing recoveries. 5.1.5.13 Write-off policy Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.6 Lease receivable (Net) 5.1.6.1 Financial lease receivables according to remaining maturities (*) Current Period Prior Period Gross Net Gross Net Less than 1 Year 42,255 34,012 31,458 25,628 Between 1-5 Years 53,539 48,337 38,993 34,360 Longer than 5 Years 2,931 1,354 641 615 Total 98,725 83,703 71,092 60,603 (*) Non-performing loans are not included. 5.1.6.2 Net financial lease receivables (*) Current Period Prior Period Gross Financial Lease Receivables 98,725 71,092 Unearned Income on Financial Lease Receivables (-) (15,022) (10,489) Terminated Lease Contracts (-) - - Net Financial Lease Receivables 83,703 60,603 (*) Non-performing loans are not included. 5.1.6.3 Financial lease agreements Criteria applied for financial lease agreements The customer applied for a financial lease is evaluated based on the lending policies and criteria taking into account the legal legislation. A “customer analysis report” according to the type and amount of the application is prepared for the evaluation of the customer by the Credit Committee and certain risk rating models such as “customer risk rating” and “equipment rating/scoring” are applied. In compliance with the legal legislation and the authorization limits of the General Manager, Credit Committee and Board of Directors, it is decided whether the loan will be granted considering the financial position and the qualitative characteristics of the customer and the criteria mentioned above. In case of compliance with these factors it is assessed which conditions will be applied. At this stage, collaterals such as bank guarantees, mortgages, asset pledges, promissory notes or personal or corporate guarantees, may be required depending on the creditworthiness of the customer and the characteristics of the product to be sold. The sectoral, equipment type and pledged asset concentration of the customers are monitored regularly. Details monitored subsequent to signing of financial lease agreements Subsequent to granting of loan, the fulfillment of monetary aspects such as lending procedures and timely collection of rental payments are monitored. Furthermore, updated information on the performance of companies is reported by the Credit Monitoring Unit even for the performing customers. The reports prepared by the Credit Monitoring Unit for the performing companies and the assessments made by the administration follow-up and the legal units for the problematic companies, are presented to the top management following the assessments made by the related internal committees and the necessary actions are taken. 5.1.7 Factoring receivables Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements C onsolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 94 5.1.8 Financial assets measured at amortised cost 5.1.8.1 Financial assets subject to repurchase agreements and provided as collateral/blocked Current Period Prior Period TL FC TL FC Collateralised/Blocked Investments 46,186 38,058 41,442 27,534 Investments subject to Repurchase Agreements 44, 994 4,408 16, 768 10, 092 Total 91,180 42,466 58,210 5.1.8.2 Government securities measured at amortised cost Current Period Prior Period Government Bonds 263,339 256,412 Treasury Bills - 1,162 Other Government Securities 9,123 9,211 Total 272,462 266,785 5.1.8.3 Financial assets measured at amortised cost Current Period Prior Period Debt Securities 230,278 248,933 Quoted at Stock Exchange 226,953 247,390 Unquoted at Stock Exchange 3,325 1,543 Valuation Increase / (Decrease) 65,938 69,735 Total 296,216 318,668 5.1.8.4 Movement of financial assets measured at amortised cost Current Period Prior Period Balances at Beginning of Period 318,668 270,072 Foreign Currency Differences on Monetary Assets 8,776 19,834 Purchases during the Period 38,691 63,888 Disposals through Sales/Redemptions (*) (70,223) (47,997) Valuation Effect 304 12,871 Balances at End of Period 296,216 318,668 (*) An amount of the opening balance amounting to TL 46,860 relates to subsidiaries classified as discontinued operations under TFRS 5 during the current period; this amount is presented in the line item for assets disposed of through sale and redemption. 5.1.8.5 Expected credit loss for financial assets measured at amortised cost Current Period Stage 1 Stage 2 Stage 3 Total Balances at End of Prior Period 434 - - 434 Additions during the Period (+) 64 - - 64 Disposal (-)(*) (156) - - (156) Transfer to Stage 1 - - - - Transfer to Stage 2 - - - - Transfer to Stage 3 - - - - Foreign Currency Differences 12 - - 12 Balances at End of Period 354 - - 354 (*) An amount of TL 18 included in the opening balance relates to subsidiaries classified as discontinued operations under TFRS 5 in the current period and is presented under the “Disposal” line in the table. 37,626
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 95 Prior Period Stage 1 Stage 2 Stage 3 Total Balances at End of Prior Period 412 - - 412 Additions during the Period (+) 182 - - 182 Disposal (-) (188) - - (188) Transfer to Stage 1 - - - - Transfer to Stage 2 - - - - Transfer to Stage 3 - - - - Foreign Currency Differences 28 - - 28 Balances at End of Period 434 - - 434 5.1.9 Assets held for sale and assets of discontinued operations 5.1.9.1 Movement of assets held for sale and assets of discontinued operations Current Period Prior Period End of Prior Period Cost 4,992 3,809 Accumulated Depreciation (-) (2) (2) Net Book Value 4,990 3,807 End of Current Period Additions (*) 7,107 2,539 Disposals (Cost) (**) (906) (1,371) Disposals (Accumulated Depreciation) - - Reversal of Impairment / Impairment Losses (19) (14) Depreciation Expense for Current Period (-) - - Currency Translation Differences on Foreign Operations - 29 Cost 11,174 4,992 Accumulated Depreciation (-) (2) (2) Net Book Value 11,172 4,990 (*) It includes the recalassification of properties in use with a net book value of TL 2,493 (31 December 2025: TL 287). (**) An amount of TL 129 within the opening balance relates to certain subsidiaries classified as discontinued operations under TFRS 5 in the current period and is presented under the “Disposals (Cost)” line in the table. 5.1.9.2 Associates and subsidiaries classified as held for sale and discontinued operations Following the fulfillment of the criteria set out under TFRS 5, as explained in footnote 3.11, the assets and liabilities of these subsidiaries have been classified under “Assets Held For Sale and Assets of Discontinued Operations” and “Liabilities for Assets Held for Sale and Assets of Discontinued Operations,” respectively, in the s tatement of financial position. The income and expenses related to these asset groups have been presented under “Discontinued Operations” in the consolidated statement of profit or loss, while off-balance sheet commitments have been classified under “Other” in the relevant disclosures. The financial statements of these subsidiaries are also presented separately below.”. Current Period Prior Period End of Prior Period - - Reclassification During The Period 226,857 - Disposals - - Total 226,857 -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 96 ASSETS MILLIONS OF TURKISH LIRA (TL) CURRENT PERIOD 30 September 2026 TP FC TOTAL I. FINANCIAL ASSETS (Net) - 22,155 22,155 1.1 Cash and Cash Equivalents - 15,376 15,376 1.1.1 Cash and Balances with Central Bank - 4,198 4,198 1.1.2 Banks - 11,182 11,182 1.1.3 Money Market Placements - - - 1.1.4 Expected Credit Losses (-) - 4 4 1.2 Financial Assets Measured at Fair Value through Profit/Loss (FVTPL) - 13 13 1.2.1 Government Securities - - - 1.2.2 Equity Securities - - - 1.2.3 Other Financial Assets - 13 13 1.3 Financial Assets Measured at Fair Value through Other Comprehensive Income (FVOCI) - 6,487 6,487 1.3.1 Government Securities - - - 1.3.2 Equity Securities - 238 238 1.3.3 Other Financial Assets - 6,249 6,249 1.4 Derivative Financial Assets - 279 279 1.4.1 Derivative Financial Assets Measured at FVTPL - 279 279 1.4.2 Derivative Financial Assets Measured at FVOCI - - - II. FINANCIAL ASSETS MEASURED AT AMORTIZED COST (Net) - 200,361 200,361 2.1 Loans - 143,572 143,572 2.2 Lease Receivables - 12,521 12,521 2.3 Factoring Receivables - - - 2.4 Other Financial Assets Measured at Amortised Cost - 49,062 49,062 2.4.1 Government Securities - - - 2.4.2 Other Financial Assets - 49,062 49,062 2.5 Expected Credit Losses (-) - 4,794 4,794 III. ASSETS HELD FOR SALE AND ASSETS OF DISCONTINUED OPERATIONS (Net) - 154 154 3.1 Asset Held for Resale - 154 154 3.2 Assets of Discontinued Operations - - - IV. INVESTMENTS IN ASSOCIATES,SUBSIDIARIES AND JOINT VENTURES - 471 471 4.1 Associates (Net) - - - 4.1.1 Associates Consolidated Under Equity Accounting - - - 4.1.2 Unconsolidated Associates - - - 4.2 Subsidiaries (Net) - 471 471 4.2.1 Unconsolidated Financial Investments in Subsidiaries - - - 4.2.2 Unconsolidated Non-Financial Investments in Subsidiaries - 471 471 4.3 Joint Ventures (Net) - - - 4.3.1 Joint-Ventures Consolidated Under Equity Accounting - - - 4.3.2 Unconsolidated Joint-Ventures - - - V. TANGIBLE ASSETS (Net) - 1,002 1,002 VI. INTANGIBLE ASSETS (Net) - 916 916 6.1 Goodwill - - - 6.2 Others - 916 916 VII. INVESTMENT PROPERTY (Net) - - - VIII. CURRENT TAX ASSET - 10 10 IX. DEFERRED TAX ASSET - 158 158 X. OTHER ASSETS (Net) - 1,630 1,630 TOTAL ASSETS - 226,857 226,857 LIABILITIES MILLIONS OF TURKISH LIRA (TL) CURRENT PERIOD 30 September 2026 TP FC TOTAL I. DEPOSITS 36 170,317 170,353 II. FUNDS BORROWED - 13,419 13,419 III. MONEY MARKET FUNDS - - - IV. SECURITIES ISSUED (NET) - - - 4.1 Bills - - - 4.2 Asset Backed Securities - - - 4.3 Bonds - - - V. FUNDS - - - 5.1 Funds from Credit Customers - - - 5.2 Others - - - VI. FINANCIAL LIABILITIES MEASURED AT FVTPL - - - VII. DERIVATIVE FINANCIAL LIABILITIES - 421 421 7.1 Derivative Financial Liabilities Measured at FVTPL - 421 421 7.2 Derivative Financial Liabilities Measured at FVOCI - - - VIII. FACTORING LIABILITIES - - - IX. LEASE LIABILITIES (Net) - 622 622 X. PROVISIONS - 555 555 10.1 Restructuring Reserves - - - 10.2 Reserve for Employee Benefits - 325 325 10.3 Insurance Technical Provisions (Net) - - - 10.4 Other Provisions - 230 230 XI. CURRENT TAX LIABILITY - 274 274 XII. DEFERRED TAX LIABILITY - - - XIII. LIABILITIES FOR ASSETS HELD FOR SALE AND ASSETS OF DISCONTINUED - - - OPERATIONS (Net) - - - 13.1 Asset Held for Sale - - - 13.2 Assets of Discontinued Operations - - - XIV. SUBORDINATED DEBTS - 5,027 5,027 14.1 Borrowings - 5,027 5,027 14.2 Other Debt Instruments - - - XV. OTHER LIABILITIES 9 2,428 2,437 TOTAL LIABILITIES 45 193,063 193,108
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 97 INCOME AND EXPENSE ITEMS MILLIONS OF TURKISH LIRA (TL) CURRENT PERIOD 1 January 2026- 30 September 2026 PRIOR PEROID 1 January 2025- 30 September 2025 I. INTEREST INCOME 10,575 7,829 1.1 Interest income on loans 7,520 5,663 1.2 Interest income on reserve deposits 64 41 1.3 Interest income on banks 105 82 1.4 Interest income on money market transactions 1 1 1.5 Interest income on securities portfolio 2,163 1,440 1.5.1 Financial assets measured at FVTPL - - 1.5.2 Financial assets measured at FVOCI 37 62 1.5.3 Financial assets measured at amortised cost 2,126 1,378 1.6 Financial lease income 722 602 1.7 Other interest income - - II. INTEREST EXPENSE (-) 5,753 3,972 2.1 Interest on deposits 4,948 3,369 2.2 Interest on funds borrowed 783 557 2.3 Interest on money market transactions 3 30 2.4 Interest on securities issued - - 2.5 Lease interest expense 19 16 2.6 Other interest expenses - - III. NET INTEREST INCOME (I - II) 4,822 3,857 IV. NET FEES AND COMMISSIONS INCOME/EXPENSES 620 462 4.1 Fees and commissions received 1,095 879 4.1.1 Non-cash loans 150 98 4.1.2 Others 945 781 4.2 Fees and commissions paid (-) 475 417 4.2.1 Non-cash loans 17 13 4.2.2 Others 458 404 V. DIVIDEND INCOME 1 3 VI. NET TRADING INCOME/LOSSES (Net) 602 572 6.1 Trading account income/losses 15 10 6.2 Income/losses from derivative financial instruments 191 (307) 6.3 Foreign exchange gains/losses 396 869 VII. OTHER OPERATING INCOME 3,582 2,693 VIII. TOTAL OPERATING PROFIT (III+IV+V+VI+VII) 9,627 7,587 IX. EXPECTED CREDIT LOSSES (-) 3,934 2,930 X. OTHER PROVISIONS (-) 13 1 XI. PERSONNEL EXPENSES (-) 1,961 1,586 XII. OTHER OPERATING EXPENSES (-) 1,992 1,594 XIII. NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII) 1,727 1,476 XIV. INCOME RESULTED FROM MERGERS - - XV. INCOME/LOSS FROM INVESTMENTS UNDER EQUITY ACCOUNTING 20 (1) XVI. GAIN/LOSS ON NET MONETARY POSITION - - XVII. PROFIT/LOSS BEFORE TAXES (XIII+...+XVI) 1,747 1,475 XVIII. PROVISION FOR TAXES (±) 303 190 18.1 Current tax charge 293 189 18.2 Deferred tax charge (+) 13 5 18.3 Deferred tax credit (-) (3) (4) XIX. NET OPERATING PROFIT/LOSS AFTER TAXES (XVII±XVIII) 1,444 1,285 XX. INCOME FROM DISCONTINUED OPERATIONS - - 20.1 Income from assets held for sale - - 20.2 Income from sale of associates, subsidiaries and joint-ventures - - 20.3 Others - - XXI. EXPENSES FROM DISCONTINUED OPERATIONS (-) - - 21.1 Expenses on assets held for sale - - 21.2 Expenses on sale of associates, subsidiaries and joint-ventures - - 21.3 Others - - XXII. PROFIT/LOSS BEFORE TAXES ON DISCONTINUED OPERATIONS (XX-XXI) - - XXIII. PROVISION FOR TAXES OF DISCONTINUED OPERATIONS (±) - - 23.1 Current tax charge - - 23.2 Deferred tax charge (+) - - 23.3 Deferred tax credit (-) - - XXIV. NET PROFIT/LOSS AFTER TAXES ON DISCONTINUED OPERATIONS (XXII±XXIII) - - XXV. NET PROFIT/LOSS (XIX+XXIV) 1,444 1,285 25.1 Equity holders of the bank 1,444 1,285 25.2 Minority interest - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 98 5.1.10 Investments in associates 5.1.10.1 Unconsolidated investments in associates Associates Address (City/ Country) Parent Bank’s Share – If Different, Voting Rights (%) Bank Risk Group’s Share (%) 1 Emeklilik Gözetim Merkezi A.Ş. (1) İstanbul/Türkiye - 6.66 2 Bankalararası Kart Merkezi A.Ş. (1) İstanbul/Türkiye 4.97 4.97 3 Yatırım Finansman Menkul Değerler A.Ş. (1) İstanbul/Türkiye 0.77 0.77 4 İstanbul Takas ve Saklama Bankası A.Ş. (1) İstanbul/Türkiye 4.95 4.97 5 Borsa İstanbul A.Ş. (2) İstanbul/Türkiye 0.30 0.34 6 Kredi Kayıt Bürosu A.Ş. (“KKB”) (1) İstanbul/Türkiye 9.09 9.09 7 Türkiye Cumhuriyet Merkez Bankası A.Ş. (2) Ankara/ Türkiye 2.48 2.48 8 Kredi Garanti Fonu A.Ş. (1) Ankara/ Türkiye 1.49 1.49 9 JCR Avrasya Derecelendirme A.Ş. (1) İstanbul/Türkiye 2.86 2.86 10 Birleşik İpotek Finansmanı A.Ş. (1) İstanbul/Türkiye 8.33 8.33 11 İhracatı Geliştirme A.Ş. (İGE) (1) İstanbul/Türkiye 0.74 0.74 Total Assets Shareholders’ Equity Total Fixed Assets (*) Interest Income Income on Securities Portfolio Current Period Profit/Loss Prior Period Profit/Loss Company’s Fair Value 1 314 211 26 14 - 84 62 - 2 12,464 11,064 2,341 1,689 - 123 2,120 8 3 18,045 2,101 589 53 - 77 56 4 4 456,912 23,736 922 8,501 1,031 8,300 5,774 25 5 354,677 48,062 9,652 4,370 540 17,939 12,596 1 6 9,011 5,258 3,524 400 4 1,229 848 2 7 12,403,663 (2,558,449) 15,911 362,789 92,299 (1,064,875) (700,354) - 8 16,390 15,355 83 2,185 - 4,945 2,340 4 9 1,694 1,367 203 156 43 444 278 6 10 713 522 10 13 108 113 53 4 11 22,585 21,576 70 2,064 - 2,532 2,327 154 (1) Financial information is as of 30 June 2026. (2) Financial information is as of 31 December 2025. (*) Total fixed assets include tangible and intangible assets. Unconsolidated investments in associates sold during the current period None. Unconsolidated investments in associates acquired during the current period None. 5.1.10.2 Consolidated investments in associates None. 5.1.10.3 Movement of consolidated investments in associates None. Valuation methods of consolidated investments in associates None. Sectoral distribution of consolidated investments and associates None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 99 Quoted consolidated investments in associates None. Investments in associates sold during the current period None. Investments in associates acquired during the current period None. 5.1.11 Investments in subsidiaries (net) Information on capital adequacy of major subsidiaries Current Period Garanti Bank International NV Garanti Holding BV Garanti Finansal Kiralama AŞ Garanti Emeklilik ve Hayat AŞ Garanti Yatırım Menkul Kıymetler AŞ COMMON EQUITY TIER I CAPITAL Paid-in Capital to be Entitled for Compensation after All Creditors 21,523 24,414 6,358 517 205 Share Premium - 722 - - - Share Cancellation Profits - - - - - Legal Reserves 13,549 4,794 17,607 4,288 11,942 Other Comprehensive Income according to TAS 35,528 187 - 70 - Current and Prior Periods’ Profits 5,219 970 5,794 7,562 5,367 Minority interest - - - - 77 Common Equity Tier I Capital Before Deductions 75,819 31,087 29,759 12,437 17,591 Deductions From Common Equity Tier I Capital - - - - - Current and Prior Periods' Losses not Covered by Reserves, and Losses Accounted under Equity according to TAS (-) 2,965 3,092 9 24 11 Leasehold Improvements on Operational Leases (-) - 5 - - 3 Goodwill and Other Intangible Assets and Related Deferred Taxes (-) 828 3,550 239 553 273 Net Deferred Tax Asset/Liability (-) - - - - - Total Deductions from Common Equity Tier I Capital 3,793 6,647 248 577 287 Total Common Equity Tier I Capital 72,026 24,440 29,511 11,860 17,304 Total Deductions From Tier I Capital - - - - - Total Tier I Capital 72,026 24,440 29,511 11,860 17,304 TIER II CAPITAL - 2,945 - - - TOTAL CAPITAL 72,026 27,385 29,511 11,860 17,304
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 100 Prior Period Garanti Bank International NV Garanti Holding BV Garanti Finansal Kiralama AŞ Garanti Emeklilik ve Hayat AŞ Garanti Yatırım Menkul Kıymetler AŞ COMMON EQUITY TIER I CAPITAL Paid-in Capital to be Entitled for Compensation after All Creditors 19,465 22,079 6,357 517 205 Share Premium - 653 - - - Share Cancellation Profits - - - - - Legal Reserves 8,180 3,492 11,223 2,295 8,722 Other Comprehensive Income according to TAS 29,095 145 - 242 - Current and Prior Periods’ Profits 5,351 1,244 6,385 6,993 5,221 Minority interest - - - - 88 Common Equity Tier I Capital Before Deductions 62,091 27,613 23,965 10,047 14,236 Deductions From Common Equity Tier I Capital - - - - - Current and Prior Periods' Losses not Covered by Reserves, and Losses Accounted under Equity according to TAS (-) 48 2,409 9 61 11 Leasehold Improvements on Operational Leases (-) - 2 - - 2 Goodwill and Other Intangible Assets and Related Deferred Taxes (-) 609 3,173 172 341 196 Net Deferred Tax Asset/Liability (-) - - - - - Total Deductions from Common Equity Tier I Capital 657 5,584 181 402 209 Total Common Equity Tier I Capital 61,434 22,029 23,784 9,645 14,027 Total Deductions From Tier I Capital - - - - - Total Tier I Capital 61,434 22,029 23,784 9,645 14,027 TIER II CAPITAL - 2,651 - - - TOTAL CAPITAL 61,434 24,680 23,784 9,645 14,027 The Parent Bank does not have any capital requirement for its subsidiaries included in the calculation of its consolidated capital adequacy standard ratio.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 101 5.1.11.1 Unconsolidated investments in subsidiaries Subsidiaries Address (City/ Country) Parent Bank’s Share – If Different, Voting Rights (%) Bank Risk Group’s Share (%) 1 Trifoi Real Estate Company Bükreş/Romanya - 100.00 2 Garanti BBVA Operasyonel Kiralama Hizmetleri A.Ş. (**)(***) İstanbul/Türkiye - 100.00 3 Garanti BBVA Finansal Teknolojiler A.Ş. İstanbul/Türkiye 100.00 100.00 4 Garanti BBVA Kripto Varlık Alım Satım Platformu A.Ş. İstanbul/Türkiye - 100.00 5 Garanti Filo Sigorta Aracılık Hizmetleri A.Ş. İstanbul/Türkiye - 100.00 6 Garanti Kültür A.Ş. İstanbul/Türkiye 100.00 100.00 The financial information presented in the below table is as of 30 September 2026. Total Assets Shareholders’ Equity Total Fixed Assets (*) Interest Income Income on Securities Portfolio Current Period Profit/Loss Prior Period Profit/Loss Company’s Fair Value Amount of Equity Require ment 1 57 57 - - - - (5) - - 2 41,287 17,778 39,204 76 - 2,745 2,100 - - 3 5,801 5,800 - 15 - 9 7 - - 4 5,405 5,224 1,152 710 - 55 (115) - - 5 151 136 - 31 - 46 39 - - 6 28 11 2 - - 5 1 - - (*) Total fixed assets include tangible and intangible assets. (**) In the current period, pursuant to the General Assembly resolution of Garanti BBVA Operasyonel Kiralama Hizmetleri A.Ş. dated 9 March 2026, the Company’s share capital has been increased from TL 4,010 to TL 7,866, funded by the revaluation surplus recognized under equi ty, specifically from the property, plant and equipment revaluation surplus account. (***) Pursuant to the registration with the Istanbul Chamber of Commerce on 22 July 2026, the trade name of Garanti Filo Yönetim Hizmetleri A.Ş. was changed to Garanti BBVA Operasyonel Kiralama Hizmetleri A.Ş. Motoractive Multi Services SRL and Ralfi IFN SA are not included among subsidiaries excluded from consolidation, as they are classified as assets held for sale and discontinued operations in accordance with TFRS 5. Unconsolidated subsidiaries, reasons for not consolidating such investments and accounting treatments applied for such investments The companies which are not included within the scope of consolidation due to not being financial subsidiaries are accounted for equity method as defined in TAS 28 “Investments in Associates and Joint Ventures”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 102 5.1.11.2 Movement of consolidated investments in subsidiaries Current Period Prior Period Balances at Beginning of Period 140,858 78,607 Movements During the Period 33,571 62,251 Acquisitions (1) 4,277 18,782 Bonus Shares Received (2) - 50 Dividends from Current Year Profit 29,569 28,650 Sales/Liquidations - - Reclassifications - - Value Increase/(Decrease) (3) (9,552) (5,120) Currency Differences on Foreign Subsidiaries 9,277 19,889 Reversal of Impairment Losses / Impairment Losses (-) - - Balances at End of Period 174,429 140,858 Capital Commitments - - Share Percentage at the End of Period (%) - - (1) In previous period, capital of Garanti Ödeme ve Elektronik Para Hizmetleri A.Ş. amounting to TL 655 has been increased to TL 1,250 through paid-in capital increase with the Board of Directors Decision No. 2025/3 dated 10 February 2025. The Parent Bank has participated the total of paid -in capital increase in exchange for 595,000,000 shares with a nominal value of TL 1 (full amount) amounting to TL 595 corresponding to its share in the capital. As a result of paid-in capital increase, the Parent Bank’s share capital in Garanti Ödeme ve Elektronik Para Hizmetleri A.Ş. has increased to 89.80%. In the current period, pursuant to the Board of Directors’ Resolution No. 2544 dated 12 February 2026, the share capital of Garanti Ödeme ve Elektronik Para Hizmetleri A.Ş. was increased from TL 1,250 to TL 5,527 through a paid-in capital increase. The Parent Bank subscribed to the entire capital increase, corresponding to TL 4,277, representing 4,277,000,000 shares with a nominal value of TL 1 each. As a result of the capital increase, the Parent Bank’s shareholding in Garanti Ödeme ve Elektronik Para Hizmetleri A.Ş. increased to 97.69%. In previous period, capital of Garanti Finansal Kiralama A.Ş. amounting to TL 350 has been increased to TL 6,350 through paid -in capital increase with the Board of Directors Decision No. 2025/18 dated 5 May 2025. The Parent Bank has participated the total of paid-in capital increase in exchange for 6,000,000,000 shares with a nominal value of TL 1 (full amount) amounting to TL 6,000 corresponding to its share in the capital. In previous period, capital of Garanti Bank International N.V., amounting to EURO 136,836,000, has been increased to EURO 386,836,000 through a paid-in capital increase with the Board of Directors’ Decision No. 2536 dated 27 November 2025. The Parent Bank has participated in the total of paid -in capital increase in exchange for 250,000,000 shares with a nominal value of EUR O 1 (full amount), amounting to EURO 250,000,000 corresponding to its share in the capital. (2) In previous period, capital of Garanti Portföy Yönetim A.Ş. amounting to TL 50 has been increased to TL 100 through a bonus issue funded from internal resources with the Board of Directors Decision No. 2025/5 dated 24 January 2025. (3) Except for quoted subsidiaries, ,it contains valuation differences arising from the application of equity accounting in accordance with TAS 27 and the effects of cash dividend payments not disclosed in other lines of the table. Valuation methods of consolidated investments in subsidiaries (*) The amounts recognized in the equity accounting application are included in the unconsolidated financial statement of the Bank. Sectoral distribution of consolidated investments in subsidiaries Current Period Prior Period Banks 72,756 61,882 Insurance Companies 10,541 8,511 Factoring Companies 6,316 4,340 Leasing Companies 29,753 23,922 Finance Companies - - Other Subsidiaries 55,063 42,203 Current Period Prior Period Valued at Cost - - Valued at Fair Value (*) 174,429 140,858
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 103 Quoted consolidated investments in subsidiaries Current Period Prior Period Quoted at Domestic Stock Exchanges 6,325 4,358 Quoted at International Stock Exchanges - - Other information on consolidated investments in subsidiaries Subsidiaries Address (City/ Country) Parent Bank’s Share – If Different, Voting Rights (%) Shares of Other Consolidated Subsidiaries (%) Method of Consolidation 1 Garanti Finansal Kiralama A.Ş. İstanbul/Türkiye 100.00 - Full Consolidation 2 Garanti Faktoring A.Ş. İstanbul/Türkiye 81.84 - Full Consolidation 3 Garanti Yatırım Menkul Kıymetler A.Ş. İstanbul/Türkiye 100.00 - Full Consolidation 4 Garanti Portföy Yönetimi A.Ş. İstanbul/Türkiye 100.00 - Full Consolidation 5 Garanti Emeklilik ve Hayat A.Ş. İstanbul/Türkiye 84.91 - Full Consolidation 6 Garanti Bank International NV Amsterdam/Hollanda 100.00 - Full Consolidation 7 Garanti Holding BV Amsterdam/Hollanda 100.00 - Full Consolidation 8 G Netherlands BV Amsterdam/Hollanda - 100.00 Full Consolidation 9 Garanti Yatırım Ortaklığı A.Ş. İstanbul / Türkiye - 3.61 Full Consolidation 10 Garanti Ödeme Sistemleri A.Ş. İstanbul/Türkiye 100.00 - Full Consolidation 11 Garanti Ödeme ve Elektronik Para Hizmetleri A.Ş. İstanbul/Türkiye 97.69 100.00 Full Consolidation The financial information presented in the below table is as of 30 September 2026. Total Assets Shareholders’ Equity Total Fixed Assets (*) Interest Income Income on Securities Portfolio Current Period Profit/Loss Prior Period Profit/Loss Company’s Fair Value 1 104,636 29,752 271 7,874 44 5,794 4,359 - 2 60,179 7,718 260 12,701 - 2,414 1,584 - 3 26,882 17,527 477 5,321 1,055 5,367 3,808 - 4 5,893 5,347 120 1,327 13 2,814 1,697 - 5 44,529 12,414 566 3,778 1,719 7,562 5,035 - 6 708,681 72,752 2,657 37,377 1,454 5,219 3,865 - 7 21,895 21,867 - - - (5) (4) - 8 17,078 17,034 - - - 95 (6) - 9 84 77 1 20 - (11) 9 236 10 1,771 1,474 30 351 - 525 472 - 11 5,964 5,500 572 1,094 3 471 (104) - (*) Total fixed assets include tangible and intangible assets. Garanti Yatırım Ortaklığı AŞ that Garanti Yatırım participated by 3.61% is consolidated in the accompanying consolidated financial statements under full consolidation method due to the company’s right to elect all the members of the Board of Directors as resulted from its privilege in election of board members. Motoractive IFN SA and Garanti Bank SA are not included among subsidiaries included in consolidation, as they are classified as assets held for sale and discontinued operations in accordance with TFRS 5. Consolidated investments in subsidiaries disposed during the current period None. Consolidated investments in subsidiaries acquired during the current period None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 104 5.1.12 Investments in joint-ventures (net) None. 5.1.13 Tangible assets Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.14 Intangible assets Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.15 Investment property Current Period Prior Period Net Book Value at Beginning of Period 3,136 2,417 Additions 5 20 Disposals - - Transfers - (101) Fair Value Change 179 800 Net Currency Translation Differences on Foreign Subsidiaries - - Net Book Value at End of Period 3,320 3,136 The investment property is held for operational leasing purposes. The Parent Bank and its financial subsidiaries account their investment property based on the fair value model in accordance with the Turkish Accounting Standard 40 (TAS 40) “Investment Property”. Accordingly, for all investment properties registered in the ledger, valuation studies are performed by independent expertise firms every year. 5.1.16 Deferred tax asset As of 30 September 2026, on a consolidated basis the Parent Bank has a deferred tax asset of TL 13,868 (31 December 2025: TL 11,101) calculated as the net amount remaining after netting of tax deductible timing differences and taxable timing differences in its consolidated financial statements. As of 30 September 2026, deferred tax assets of TL 28,052 (31 December 2025: TL 23,530) calculated on all taxable temporary differences arising between the carrying amounts and the taxable amounts of assets and liabilities on the financial statements that will be considered in the calculation of taxable earnings in the future, which is presented as netted-off in the accompanying consolidated financial statements, with a deferred tax liability of TL 14,184 (31 December 2025: TL 12,429). For the cases where the differences between the carrying values and the taxable values of assets subject to tax are related with certain items on the shareholders’ equity accounts, the deferred taxes are charged or credited directly to these accounts. Current Period Prior Period Tax Base Deferred Tax Amount Tax Base Deferred Tax Amount Provisions (*) 17,432 5,220 16,473 4,891 Stages 1&2 Credit Losses 49,264 14,761 38,043 11,350 Differences between the Carrying Values and Taxable Values of Financial Assets (**)(****) (30,812) (7,988) (34,185) (10,360) Revaluation Differences on Real Estates (***)(****) 6,746 555 4,755 956 Differences Between Book Value and Tax Value of Fixed Assets (***)(****) 2,115 634 4,639 1,392 Other 7,318 686 9,886 2,872 Deferred Tax Asset 52,063 13,868 39,611 11,101 (*) Consists of reserve for employee benefits, provision for promotion expenses of credit cards and other provisions. (**) Calculations are performed at the relevant tax rates applicable in the country of the foreign branches and subsidiaries’ fina ncial assets. (***) Includes revaluation of real estate and depreciable fixed assets in accordance with paragraph (Ç) of Repeated Article 298 of the Tax Procedure Law. (****) The Deferred tax effect arising from differences between inflation-adjusted tax value and book value is included..
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 105 5.1.17 Other assets Current Period Prior Period TL FC TL FC Derivative Assets (Derivative Guarantees) 1,782 2,077 1,115 2,320 Receivables From Clearing Transactions 65,204 355 52,346 191 Prepaid Expenses (*) 95,850 455 68,861 359 Cash Guarantees Given 1,226 1,196 715 255 Other (**) 17,954 3,668 13,944 4,354 Total 182,016 7,751 136,981 7,479 (*) The related item mainly includes salary promotion payments. (**) As of 30 September 2026, exchange rate differences amounting to TL 8 (31 December 2025: TL 448), calculated in relation to FX protected TL time deposit accounts opened within the scope of the “Communiqué on Deposit and Participation System Accounts for Resident s Abroad” published by the CBRT in the Official Gazette dated 1 February 2022 and numbered 31737, have been included in other assets.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 106 5.2 Consolidated liabilities 5.2.1 Maturity profile of deposits (*) Includes Interbank precious metal accounts. (**) As of 30 September 2026, exchange rate differences amounting to TL 8 (31 December 2025: TL 448), which are not under the Parent Bank’s liability and are calculated in relation to FX protected TL time deposit accounts amounting to TL 3,487 (31 December 2025: TL 8,009), opened within the scope of the “Communiqué on Deposit and Participation System Accounts for Residents Abroad” published by the CBRT in the Official Gazette dated 1 February 2022 and numbered 31737, have been included in deposits. Current Period Demand 7 Days Notice Up to 1 Month 1-3 Months 3-6 Months 6-12 Months 1 Year and Over Accumulating Deposit Accounts Total Saving Deposits 193,528 - 46,293 731,649 105,771 28,327 27,240 2 1,132,810 Foreign Currency Deposits 741,067 - 163,526 198,674 33,943 103,247 54,236 34 1,294,727 Residents in Türkiye 528,424 - 127,108 170,796 16,424 4,910 2,629 34 850,325 Residents in Abroad 212,643 - 36,418 27,878 17,519 98,337 51,607 - 444,402 Public Sector Deposits 30,935 - 12 94 1 2 7 - 31,051 Commercial Deposits 100,829 - 169,064 194,706 85,760 51,311 126,524 - 728,194 Others 5,488 - 3,407 28,129 4,233 8,597 11,843 - 61,697 Precious Metal Deposits 331,669 - - 46,932 2,476 265 891 - 382,233 Bank Deposits(*) 7,501 - 10,051 2,792 2,658 - - - 23,002 Central Bank of Türkiye 5,870 - - - - - - - 5,870 Domestic Banks 29 - 6,213 2,792 2,658 - - - 11,692 Foreign Banks 1,580 - 3,838 - - - - - 5,418 Special Financial Institutions 22 - - - - - - - 22 Others - - - - - - - - - Total (**) 1,411,017 - 392,353 1,202,976 234,842 191,749 220,741 36 3,653,714 Prior Period Demand 7 Days Notice Up to 1 Month 1-3 Months 3-6 Months 6-12 Months 1 Year and Over Accumulating Deposit Accounts Total Saving Deposits 166,140 - 23,957 607,968 72,789 38,552 19,900 2 929,308 Foreign Currency Deposits 702,577 - 178,415 153,186 79,769 82,562 36,872 39 1,233,420 Residents in Türkiye 501,599 - 118,654 92,923 17,843 4,233 3,980 39 739,271 Residents in Abroad 200,978 - 59,761 60,263 61,926 78,329 32,892 - 494,149 Public Sector Deposits 21,090 - 3,009 125 1 - 5 - 24,230 Commercial Deposits 91,131 - 235,777 85,268 77,019 93,653 35,245 - 618,093 Others 2,256 - 2,666 11,307 7,080 6,359 13,275 - 42,943 Precious Metal Deposits 292,402 - - 1,392 986 296 828 - 295,904 Bank Deposits(*) 1,861 - 4,234 - - - 41 - 6,136 Central Bank of Türkiye 2 - - - - - - - 2 Domestic Banks 193 - 3,398 - - - - - 3,591 Foreign Banks 1,650 - 836 - - - 41 - 2,527 Special Financial Institutions 16 - - - - - - - 16 Others - - - - - - - - - Total (**) 1,277,457 - 448,058 859,246 237,644 221,422 106,166 41 3,150,034
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 107 5.2.1.1 Saving deposits insured by Saving Deposit Insurance Fund Information on deposits covered by deposit insurance and exceeding insurance coverage limit: Saving Deposits Covered by Deposit Insurance Over Deposit Insurance Limit Over Deposit Insurance Limit Current Period Prior Period Current Period Prior Period Saving Deposits (TL) 449,130 355,295 679,605 569,321 Foreign Currency Saving Deposits 396,734 356,295 199,177 289,054 Other Saving Deposits 136,332 117,445 230,586 165,919 Foreign Branches’ Deposits Under Foreign Insurance Coverage 5,078 4,529 5,167 4,615 Off-Shore Branches’ Deposits Under Foreign Insurance Coverage - - - - Commercial Deposits (*) Covered by Deposit Insurance Over Deposit Insurance Limit Over Deposit Insurance Limit Current Period Prior Period Current Period Prior Period Commercial Deposits (TL) 66,235 54,532 747,746 617,784 Foreign Currency Commercial Deposits 44,893 31,588 645,935 537,325 Other Commercial Deposits 747 597 13,316 11,213 Foreign Branches’ Deposits Under Foreign Insurance Coverage - - - - Off-Shore Branches’ Deposits Under Foreign Insurance Coverage - - - - (*) With the regulation published in the Official Gazette dated 27 August 2022 and numbered 31936, commercial deposits were included in the scope of insurance. 5.2.1.2 Saving deposits at domestic branches of foreign banks in Türkiye under the coverage of foreign insurance Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks. 5.2.1.3 Deposits not covered by insurance limits Saving Deposits Current Period Prior Period Deposits and Other Accounts held at Foreign Branches 8,427 8,196 Deposits and Other Accounts held by Shareholders and their Relatives - - Deposits and Other Accounts of the Chairman and Members of Board of Directors, Chief Executive Officer, Senior Executive Officers and their Relatives 1,070 1,140 Deposits and Other Accounts held as Assets subject to the Crime defined in the Article 282 of the Turkish Criminal Code No. 5237 dated 26 September 2004 - - Deposits at Depository Banks established for Off-Shore Banking Activities in Türkiye - - Commercial Deposits Current Period Prior Period Deposits and Other Accounts held at Foreign Branches 18,522 17,574 Deposits and Other Accounts held by Main Shareholder with Qualified Shareholders and Corporates Under Their Control 47,071 19,135 Official Institutions Deposits and Other Accounts 31,070 24,289 Credit and Financial Institutions Deposits 322,565 466,799
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 108 5.2.2 Funds borrowed Information on funds borrowed is as follows; Current Period Prior Period TL FC TL FC Central Bank of Türkiye 1,505 - 1,679 - Domestic Banks and Institutions 11,400 10,096 5,146 6,512 Foreign Banks, Institutions and Funds 20,655 96,447 16,981 76,059 Total 33,560 106,543 23,806 82,571 5.2.2.1 Maturities of funds borrowed Current Period Prior Period TL FC TL FC Short-Term 18,560 21,339 13,497 14,125 Medium and Long-Term 15,000 85,204 10,309 68,446 Total 33,560 106,543 23,806 82,571 5.2.2.2 Disclosures for concentration areas of bank’s liabilities Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.2.3 Money market funds Information on obligations under repurchase agreements classified in money market funds is as follows; Current Period Prior Period TL FC TL FC Domestic Transactions 50,058 - 22,839 330 Financial Institutions and Organizations 49,792 - 22,606 330 Other Institutions and Organizations 121 - 104 - Individuals 145 - 129 - Foreign Transactions 46,476 19,816 31,899 20,301 Financial Institutions and Organizations 46,475 19,816 31,899 20,301 Other Institutions and Organizations - - - - Individuals 1 - - - Total 96,534 19,816 54,738 20,631 5.2.4 Securities issued Current Period TL FC Short-Term Medium and Long-Term Short-Term Medium and Long-Term Nominal 1,950 - - 190,750 Cost 1,819 - - 190,740 Carrying Value 2,003 - - 194,896
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements C onsolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 109 Prior Period TL FC Short-Term Medium and Long-Term Short-Term Medium and Long-Term Nominal 9 - - 167,210 Cost - - - 167,201 Carrying Value - - - 170,767 5.2.5 Information about financial liabilities measured at fair value through profit or loss C urrent Period Prior Period TL FC TL FC Securities Issued - 78,681 - 69,884 Total - 78,681 - 69,884 In accordance with TFRS 9, the Parent Bank classified a part of borrowings obtained through DPR amounting to USD 1,500,000,000 (31 December 2025: USD 1,500,000,000) as financial liability at fair value through profit/loss at the initial recognition in order to eliminate the accounting mismatch. As of 30 September 2026, the accumulated fair value chan ge of th e related financial liability amo unted to TL (3,098) (31 December 2025: TL (3,651)) and the corresponding gain/loss recognised in the statement of profit/loss amounted to TL 553 (31 December 2025: TL (2,383)). The carrying value of the related financial liability amounted to TL 78,681 (31 December 2025: TL 69,884). 5.2.6 D erivative financial liabilities 5.2.6.1 Negative differences on derivative financial liabilities measured at FVTPL Information on negative differences on derivative financial liabilities measured at FVTPL classified in derivative financial liabilities is as follows; Current Period Prior Period TL FC TL FC Forward Transaction 1,755 272 1,453 37 Swap Transactions 13,107 8,703 10,400 3,913 Futures - 7 - - Options 580 330 319 123 Others - 4 - 3 Total 15,442 9,316 12,172 4,076 5.2.6.2 Derivative financial liabilities held for hedging purpose Information on negative differences on derivative financial liabilities held for hedging purposes classified in derivative financial liabilities is as follows; Derivative Financial Liabilities Held for Hedging Purpose Current Period Prior Period TL FC TL FC Fair Value Hedges - 1,273 - 244 Cash Flow Hedges 215 90 272 53 0 Net Foreign Investment Hedges - - - - Total 215 1,363 272 774 P lease refer to Note 5.1.4.2 for financial liabilities resulted from derivatives held for hedging purpose. 5.2.7 Factoring payables Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 110 5.2.8 Lease payables 5.2.8.1 Operational and financial lease agreements Current Period Prior Period Gross Net Gross Net Less than 1 Year 3,398 2,137 2,995 1,925 Between 1-5 Years 5,253 3,341 5,198 3,357 Longer than 5 Years 1,850 1,167 1,195 733 Total 10,501 6,645 9,388 6,015 As of 30 September 2026, the weighted average of the incremental borrowing interest rates applied to TL, EURO and USD lease liabilities presented in the statement of financial position of the Group are 33.5%, 5.2% and 6.7% (31 December 2025: 33.4%, 3.4%, 3.1% and RON 3.7% respectively). 5.2.9 Provisions 5.2.9.1 Reserve for employee severance indemnity Current Period Prior Period Balances at Beginning of Period 3,826 2,915 Expenses During the Period 1,230 1,419 Actuarial Gain/Loss - 81 Payments During the Period (276) (589) Balances at End of Period 4,780 3,826 5.2.9.2 Provisions for foreign exchange differences on foreign currency indexed loans and financial lease receivables None. 5.2.9.3 Expected credit losses (Stage 3) for non-cash loans that are not indemnified or converted into cash, Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.2.9.4 Other provisions Current Period Prior Period Reserve for Employee Benefits 13,139 12,661 Insurance Technical Provisions, Net 22,774 15,491 Provision for Promotion Expenses of Credit Cards 4,394 3,646 Provision for Lawsuits 1,182 1,044 Provision for Non-Cash Loans 10,685 9,767 Other Provisions 2,193 710 Total 54,367 43,319
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 111 Recognized Liability for Defined Benefit Plan Obligations The Parent Bank obtained an actuarial report dated 31 December 2025 from an independent actuary reflecting the principles and procedures on determining the application of transfer transactions in accordance with the Law and it is determined that the assets of the Plan are above the amount that will be required to be paid to transfer the obligation and the asset surplus amounts to TL 42,204 ( 31 December 2024: TL 22,437) at 31 December 2025 as details are given in the table below. Furthermore, an actuarial report was prepared as of 31 December 2025 as per the requirements of the Law explained in Note 3.17, the accounting policies related with “employee benefits” for the benefits transferable to the SSF and other benefits not transferable to the SSF and arising from other social rights and payments covered by the existing trust indenture of the Fund and medical benefits provided for employees. Based on the actuary’s report, the asset surplus over the fair value of the plan assets to be used for the payment of the obligations also fully covers the benefits not tra nsferable and still a surplus of TL 11,974 (31 December 2024: TL 4,516) remains as of 31 December 2025 as details are given in the table below. 31.12.2025 31.12.2024 Transferable Pension and Medical Benefits: Net present value of pension benefits transferable to SSF (25,519) (21,855) Net present value of medical benefits and health premiums transferable to SSF 13,448 8,501 General administrative expenses (994) (691) Present Value of Pension and Medical Benefits Transferable to SSF (1) (13,065) (14,045) Fair Value of Plan Assets (2) 55,269 36,482 Asset Surplus over Transferable Benefits ((2)-(1)=(3)) 42,204 22,437 Non-Transferable Benefits: Other pension benefits (12,850) (9,105) Other medical benefits (17,380) (8,816) Total Non-Transferable Benefits (4) (30,230) (17,921) Asset Surplus over Total Benefits ((3)-(4)=(5)) 11,974 4,516 Movement of recognized liability for asset shortage over the Bank’s defined benefit plan: Current Period Prior Period Balance at Beginning of Period - - Actual contributions paid during the period (2,117) (1,844) Total expense recognized in the income statement 418 356 Amount recognized in the shareholders’ equity 1,699 1,488 Balance at End of Period - - The major actuarial assumptions used in the calculation of other benefits not transferable to SSF a re as follows: 31.12.2025 31.12.2024 % % Discount Rate (*) 31.10 31.02 Inflation Rate (*) 26.24 26.30 Estimated Real Salary/Limit Increase Rate 1.50 1.50 Medical Cost Trend Rate 30.44 30.50 Future Pension Increase Rate (*) 26.24 26.30 (*) The above rates are effective rates, whereas the rates applied for the calculation differ according to the employees’ years in service.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 112 The sensitivity analysis of defined benefit obligation of excess liabilities and retirement indemnities of the Parent Bank are as follows: Defined Benefit Obligation Pension Benefits Effect Medical Benefits Effect Overall Effect Assumption change % % % Discount Rate +0.5% (5.80) (7.20) (6.60) Discount Rate -0.5% 6.40 8.00 7.30 Medical Inflation +0.5% - 7.60 4.40 Medical Inflation -0.5% - (6.80) 3.90 Retirement Indemnities Sensitivity of Past Service Liability Sensitivity of Normal Cost Assumption change % % Discount Rate +0.5% (6.20) (7.30) Discount Rate -0.5% 6.80 8.00 Inflation Rate +0.5% 7.00 (3.70) Inflation Rate -0.5% (6.50) 8.20 5.2.10 Tax liability 5.2.10.1 Current tax liability 5.2.10.1.1 Tax liability As of 30 September 2026, the corporate tax liability amounts to TL 14,263 (31 December 2025: TL 7,129) after offsetting with prepaid taxes. If the differences arising between the book value and the tax base value of the assets subject to the current tax liability are related to the shareholders’ equity account group, the current tax asset or liability is netted off by the relevant accounts in this group. As of 30 September 2026, TL 39,881 (30 September 2025: TL 24,484) of total current period tax expense amounting to TL 43,178 (30 September 2025: TL 27,345) has been classified in the statement of profit or loss and TL (3,297) (30 September 2025: TL (2,861)) has been classified in equity. 5.2.10.1.2 Taxes payable Current Period Prior Period Corporate Taxes Payable 14,263 7,129 Taxation on Securities Income 13,719 9,645 Taxation on Real Estates Income 36 30 Banking Insurance Transaction Tax 7,062 5,758 Foreign Exchange Transaction Tax 133 139 Value Added Tax Payable 459 614 Others 1,765 1,676 Total 37,437 24,991
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 113 5.2.10.1.3 Premiums payable Current Period Prior Period Social Security Premiums-Employees 77 70 Social Security Premiums-Employer 71 54 Bank Pension Fund Premium-Employees 1 - Bank Pension Fund Premium-Employer 1 - Pension Fund Membership Fees and Provisions-Employees - - Pension Fund Membership Fees and Provisions-Employer - - Unemployment Insurance-Employees 33 23 Unemployment Insurance-Employer 78 56 Others 1 1 Total 262 204 5.2.10.2 Deferred tax liability As of 30 September 2026, the deferred tax liability amounts to TL 313 (31 December 2025: None.). 5.2.11 Liabilities for assets held for sale and assets of discontinued operations Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.2.12 Subordinated debts Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.2.13 Other liabilities Current Period Prior Period TL FC TL FC Payables From Credit Card Transactions 235,025 1,611 173,200 1,077 Payables From Clearing Transactions 74,253 30 57,493 47 Other 38,269 26,726 22,710 29,408 Total 347,547 28,367 253,403 30,532 5.2.14 Shareholders’ equity 5.2.14.1 Paid-in capital Current Period Prior Period Common Shares 4,200 4,200 Preference Shares - - 5.2.14.2 Registered share capital system Capital System Paid-in Capital Ceiling per Registered Share Capital Registered Shares 4,200 25,000 5.2.14.3 Capital increases in current period None. 5.2.14.4 Capital increases from capital reserves in current period None. 5.2.14.5 Capital commitments for current and future financial periods None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 114 5.2.14.6 Possible effect of estimations made for the Parent Bank’s revenues, profitability and liquidity on equity considering prior period indicators and uncertainties None. 5.2.14.7 Information on privileges given to stocks representing the capital None. 5.2.14.8 Securities value increase fund Information on securities value increase fund classified as a part of income/expenses from valuation and/or reclassification of financial assets measured at FVOCI in the statement of changes in shareholders’ equity, is as follows; Current Period Prior Period TL FC TL FC Investments in Associates, Subsidiaries and Joint-Ventures - - - - Valuation Difference - - - - Exchange Rate Difference - - - - Financial Assets Measured at Fair Value through Other Comprehensive Income (2,201) 328 387 2,220 Valuation Difference (4,058) 328 (1,103) 2,220 Exchange Rate Difference 1,857 - 1,490 - Total (2,201) 328 387 2,220 5.2.14.9 Other Comprehensive Income/Expense Items not to be Recycled to Profit or Loss Current Period Prior Period TL FC TL FC Securities 2,132 1,834 1,796 1,502 Real Estates 34,257 638 33,660 578 Defined Benefit Plans' Actuarial Gains/Losses (5,113) - (3,924) - Other - - - - Total 31,276 2,472 31,532 2,080 5.2.14.10 Bonus shares of associates, subsidiaries and joint-ventures Current Period Prior Period İhracatı Geliştirme A.Ş. 73 73 Bankalararası Kart Merkezi A.Ş. 6 6 JCR Avrasya Derecelendirme A.Ş. 3 3 Yatırım Finansman Menkul Değerler AŞ 3 3 Yeni Gimat Gayrimenkul Yatırım Ortaklığı A.Ş. 1 1 Kömür İşletmeleri A.Ş. 1 1 Kredi Kayıt Bürosu A.Ş. - - Dati Yatırım Holding A.Ş. - - Doğuş Gayrimenkul Yatırım Ortaklığı A.Ş. - - Total 87 87
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements C onsolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 115 5.2.14.11 Legal reserves Current Period Prior Period I. Legal Reserve 2,900 2,369 II. Legal Reserve 7,409 5,218 Special Reserves 198 179 Total 10,507 7,766 5.2.14.12 Extraordinary and other profit reserves Current Period Prior Period Legal Reserves allocated in compliance with the Decisions Made on the Annual General Assembly 338,420 253,295 5.2.14.13 M inority interest Current Period Prior Period Balance at Beginning of Period 2,563 1,620 Profit Share of Subsidiaries Net Profits 1,568 1,446 Prior Period Dividend Payment (754) (528) Increase/(Decrease) in Minority Interest due to Sales - Others (26) 25 Balance at End of Period 3,351 2,563 -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 116 5.3 Consolidated off-balance sheet items 5.3.1 Off-balance sheet contingencies 5.3.1.1 Irrevocable credit commitments The Parent Bank and its consolidated financial subsidiaries have term asset purchase and sale commitments of TL 205,288 (31 December 2025: TL 144,098), commitments for cheque payments of TL 27,126 (31 December 2025: TL 21,003) and commitments for credit card limits of TL 2,368,522 (31 December 2025: TL 2,019,119). 5.3.1.2 Possible losses and commitments resulted from off-balance sheet items Current Period Prior Period Letters of Guarantee in Foreign Currency 336,871 268,981 Letters of Guarantee in TL 535,492 434,077 Letters of Credit 120,858 101,336 Bills of Exchange and Acceptances 20,696 13,057 Endorsements 47,354 36,682 Other Guarantees 5,887 3,851 Total 1,067,158 857,984 Expected losses for non-cash loans and irrevocable commitments Current Period Stage 1 Stage 2 Stage 3 Total Balances at Beginning of Period 3,932 2,433 3,402 9,767 Additions during the Period (+) 4,629 6,672 504 11,805 Disposal (-) (*) (6,221) (3,500) (1,645) (11,366) Sales - - - - Write-off - - - - Transfer to Stage 1 3,232 (3,228) (4) - Transfer to Stage 2 (1,291) 1,292 (1) - Transfer to Stage 3 (1) (176) 177 - Foreign Currency Differences 70 120 289 479 Balances at End of Period 4,350 3,613 2,722 10,685 (*) An amount of TL 60 included in the opening balance relates to subsidiaries classified as discontinued operations under TFRS 5 in the current period and is presented under “Diposal” line in the table following its allocation across credit risk stages. Prior Period Stage 1 Stage 2 Stage 3 Total Balances at Beginning of Period 2,628 2,652 2,370 7,650 Additions during the Period (+) 5,227 5,824 803 11,854 Disposal (-) (6,029) (3,724) (894) (10,647) Sales - - - - Write-off - - - - Transfer to Stage 1 3,103 (3,038) (65) - Transfer to Stage 2 (1,153) 1,159 (6) - Transfer to Stage 3 (4) (638) 642 - Foreign Currency Differences 160 198 552 910 Balances at End of Period 3,932 2,433 3,402 9,767 The balance for unrealized and non- cash credits followed in off -balance sheet accounts is TL 4,439, and for commitments it is TL 1,436 totaling TL 5,875 (31 December 2025: non- cash loans TL 5,482, commitments TL 916) balance, for non-cash loans TL 2,415 and commitments TL 306 totaling TL 2,721 (31 December 2025: non-cash loans TL 3,196, commitments TL 189) has been allocated as a third- stage expected loss allowance. The detailed information for commitments, guarantees and sureties are provided under the statement of “off-balance sheet items”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 117 5.3.1.3 Non-cash loans Current Period Prior Period Non-Cash Loans against Cash Risks 189,172 168,076 With Original Maturity of 1 Year or Less 24,787 27,702 With Original Maturity of More Than 1 Year 164,385 140,374 Other Non-Cash Loans 877,986 689,908 Total 1,067,158 857,984 5.3.1.4 Other information on non-cash loans Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.1.5 Non-cash loans classified under Stage I and II: Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.2 Financial derivative instruments Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.3 Credit derivatives and risk exposures on credit derivatives Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.4 Contingent liabilities and assets Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.5 Services rendered on behalf of third parties Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 118 5.4 Consolidated statement of profit or loss 5.4.1 Interest income 5.4.1.1 Interest income from loans (*) Current Period Prior Period TL FC TL FC Interest Income from Loans Short-term loans 277,433 27,216 220,376 17,397 Medium and long-term loans 199,764 20,489 141,280 19,273 Loans under follow-up 9,991 37 5,956 27 Interest Received from Resource Utilization Support Fund - - - - Total 487,188 47,742 367,612 36,697 (*) Includes also fees and commissions income on cash loans. 5.4.1.2 Interest income from banks Current Period Prior Period TL FC TL FC Central Bank of Türkiye 24,168 11 19,689 - Domestic Banks 1,578 18 6,724 13 Foreign Banks 174 3,115 381 3,348 Foreign Head Offices and Branches - - - - Total 25,920 3,144 26,794 3,361 5.4.1.3 Interest income from securities portfolio Current Period Prior Period TL FC TL FC Financial Assets Measured at Fair Value through Profit or Loss 2,897 212 1,021 174 Financial Assets Measured at Fair Value through Other Comprehensive Income 33,919 2,845 23,598 2,397 Financial Assets Measured at Amortised Cost 30,782 3,339 32,198 3,098 Total 67,598 6,396 56,817 5,669 As disclosed in the accounting policies, the Parent Bank values the CPI indexed government bonds in the securities portfolio according to the reference index at the issue date and the index calculated according to the expected inflation rate. The inflation rate used in the valuation is updated during the ye ar when deemed necessary. As of 30 September 2026, the valuation of such securities has been calculated according to the annual inflation forecast of 29%. In case the CPI forecast increases or decreases by 1%, profit before taxes as of 30 September 2026 will increase or decrease by approximately TL 751. 5.4.1.4 Interest income received from associates and subsidiaries Current Period Prior Period Interest Received from Investments in Associates and Subsidiaries 1,239 2,634
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 119 5.4.2 Interest expenses 5.4.2.1 Interest expenses on funds borrowed (*) Current Period Prior Period TL FC TL FC Banks 5,691 3,361 2,905 2,191 Central Bank of Türkiye 319 - 338 - Domestic Banks 1,676 714 1,016 597 Foreign Banks 2,419 2,611 1,551 1,594 Foreign Head Offices and Branches 1,277 36 - - Other Institutions 596 3,481 - 3,759 Total 6,287 6,842 2,905 5,950 (*) Also includes fees and commissions expenses on borrowings. 5.4.2.2 Interest expenses paid to associates and subsidiaries Current Period Prior Period Interest Paid to Investments in Associates and Subsidiaries 797 479 5.4.2.3 Interest expenses on securities issued Current Period Prior Period TL FC TL FC Interest Expenses on Securities Issued 257 15,208 199 7,585 5.4.2.4 Maturity structure of interest expense on deposits Current Period Demand Deposits Time Deposits Up to 1 Month 1-3 Months 3-6 Months 6-12 Months Over 1 Year Accumulating Deposit Accounts Total Turkish Lira Bank Deposits 6 1,549 - - - - - 1,555 Saving Deposits 17 7,264 188,897 23,291 9,115 5,788 - 234,372 Public Sector Deposits - 217 73 - - 1 - 291 Commercial Deposits 1 62,134 42,428 25,649 22,104 19,573 - 171,889 Others - 812 4,966 1,599 2,371 3,348 - 13,096 “7 Days Notice” Deposits - - - - - - - - Total TL 24 71,976 236,364 50,539 33,590 28,710 - 421,203 Foreign Currency Foreign Currency 3,036 2,556 3,089 827 1,425 783 - 11,716 Bank Deposits 10 9 - - - - - 19 “7 Days Notice” Deposits - - - - - - - - Precious Metal Deposits - - - - - 2 - 2 Total FC 3,046 2,565 3,089 827 1,425 785 - 11,737 Grand Total 3,070 74,541 239,453 51,366 35,015 29,495 - 432,940
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 120 Prior Period Demand Deposits Time Deposits Up to 1 Month 1-3 Months 3-6 Months 6-12 Months Over 1 Year Accumulating Deposit Accounts Total Turkish Lira Bank Deposits 4 7,403 - - - - - 7,407 Saving Deposits 14 4,007 169,006 40,127 9,795 7,442 - 230,391 Public Sector Deposits - 187 79 - - 1 - 267 Commercial Deposits 1 49,491 33,528 12,130 15,310 2,313 - 112,773 Others - 671 3,135 478 1,290 4,878 - 10,452 “7 Days Notice” Deposits - - - - - - - - Total TL 19 61,759 205,748 52,735 26,395 14,634 - 361,290 Foreign Currency - - - - - - - - Foreign Currency 1,206 2,346 2,118 682 701 455 - 7,508 Bank Deposits 14 123 1 - - - - 138 “7 Days Notice” Deposits - - - - - - - - Precious Metal Deposits - - 1 - 1 3 - 5 Total FC 1,220 2,469 2,120 682 702 458 - 7,651 Grand Total 1,239 64,228 207,868 53,417 27,097 15,092 - 368,941 5.4.2.5 Interest expense on money market transactions Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.2.6 Lease expenses Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.2.7 Interest expenses on factoring payables Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.3 Dividend income Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.4 Trading income/losses (net) Current Period Prior Period Income 1,241,455 680,862 Trading Account Income 9,716 5,416 Derivative Financial Instruments 70,202 50,413 Foreign Exchange Gains 1,161,537 625,033 Losses (-) 1,269,157 681,272 Trading Account Losses 6,478 4,423 Derivative Financial Instruments 117,736 60,676 Foreign Exchange Losses 1,144,943 616,173 Total (27,702) (410) TL 23,113 (30 September 2025: TL 21, 539) of foreign exchange gains and TL 13,003 (30 September 2025: TL 17,384) of foreign exchange losses are resulted from the exchange rate changes of derivative transactions.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 121 5.4.5 Other operating income The items under “other operating income” generally consists of collection or reversals of prior year expected credit losses, banking services related costs recharged to customers and income on custody services. Current Period Prior Period Prior Year Reversals 31,780 32,351 Stage 1 Provisions 8,655 10,805 Stage 2 Provisions 7,775 11,393 Stage 3 Provisions 10,276 6,148 Others(*) 5,074 4,005 Income from sale of assets 1,206 1,274 Others(**) 20,744 16,749 Total 53,730 50,374 (*) As of 30 September 2026, the collection amounting to TL 2,690 (30 September 2025: TL 2,390) has been performed from written-down loans. (**) Premium income from insurance business amounting to TL 19,642 (30 September 2025: TL 14,952) which is included in other operating income in the accompanying financial statements is presented in “Others” line item. 5.4.6 Expected credit losses and other provisions Current Period Prior Period Expected Credit Losses 90,528 57,251 12-Month ECL (Stage 1) 12,643 8,831 Significant Increase in Credit Risk (Stage 2) 20,494 15,320 Impaired Credits (Stage 3) 57,391 33,100 Other Provisions 1,962 256 Impairment Losses on Securities 80 - Financial Assets Measured at Fair Value through Profit or Loss 80 - Financial Assets Measured at Fair Value through Other Comprehensive Income - - Impairment Losses on Associates, Subsidiaries and Joint-ventures - - Associates - - Subsidiaries - - Joint-ventures (business partnership) - - Others 1,882 256 Total 92,490 57,507
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 122 5.4.7 Other operating expenses Current Period Prior Period Reserve for Employee Termination Benefits 1,230 912 Defined Benefit Plan Obligations - - Impairment Losses on Tangible Assets - - Depreciation Expenses of Tangible Assets 2,852 2,241 Impairment Losses on Intangible Assets - - Impairment Losses on Goodwill - - Amortisation Expenses of Intangible Assets 1,475 1,169 Decrease in Value of Equity Accounting Shares - - Impairment Losses on Assets to be Disposed 19 - Depreciation Expenses of Right-of-use Assets 1,698 925 Impairment Losses on Assets Held for Sale and Discontinued Assets - - Other Operating Expenses 72,540 53,715 Operational Lease related Expenses (*) 944 622 Repair and maintenance expenses 946 645 Advertisement expenses 4,797 4,672 Other expenses 65,853 47,776 Loss on Sale of Assets 2,066 800 Others (**) 24,563 19,480 Total 106,443 79,242 (*) Includes lease related expenses out of the scope of TFRS 16. (**) Includes Saving Deposits Insurance Fund related expenses of TL 5,069 (30 September 2025: TL 3,761) and insurance- business claim losses of TL 8,198 (30 September 2025: TL 7,430) in the current period. 5.4.8 Information on profit/loss before taxes from continued and discontinued operations Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.9 Information on provision for taxes for continued and discontinued operations As of 30 September 2026, a current tax expense of TL 43,178 (30 September 2025: TL 27,156) and a deferred tax income of TL 2,944 (30 September 2025: TL 1,529 deferred tax expense) were recognized in the consolidated income statement. As of 30 September 2026, the Group recognized a current tax expense of TL 293 (30 September 2025: TL 189) and a deferred tax expense of TL 10 (30 September 2025: TL 1 deferred tax expense) arising from discontinued operations. Deferred tax benefit/charge on timing differences Deferred tax (benefit)/charge on timing differences Current Period Prior Period Increase in Tax Deductible Timing Differences (+) (7,062) (4,950) Decrease in Tax Deductible Timing Differences (-) 2,003 1,658 Increase in Taxable Timing Differences (-) 2,984 5,176 Decrease in Taxable Timing Differences (+) (869) (355) Total (2,944) 1,529
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 123 Deferred tax benefit/charge in the income statement arising on timing differences, tax losses and tax deductions and exemptions Deferred tax (benefit)/charge arising on timing differences, tax losses and tax deductions and exemptions Current Period Prior Period (Increase)/Decrease in Tax Deductible Timing Differences (net) (5,059) (3,292) (Increase)/Decrease in Taxable Timing Differences (net) 2,115 4,821 (Increase)/Decrease in Tax Losses (net) - - (Increase)/Decrease in Tax Deductions and Exemptions (net) - - Total (2,944) 1,529 5.4.10 Net operating profit/loss after taxes including net profit/loss from discontinued operations Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.11 Net profit/loss 5.4.11.1 Any further explanation on operating results needed for better understanding of bank’s performance None. 5.4.11.2 Any changes in estimations that might have a material effect on current and subsequent period results None. 5.4.11.3 Minority interest’s profit/loss Current Period Prior Period Net Profit/(Loss) of Minority Interest 1,568 1,056 5.4.12 Components of other items in income statement The items in others under “Fees and commissions received” and “Fees and commissions paid” in the consolidated income statement include mainly fees and commissions related with credit card transactions and other banking services. 5.5 Consolidated statement of changes in shareholders’ equity Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.6 Consolidated statement of cash flows Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 124 5.7 Related party risks 5.7.1 Transactions with Parent Bank’s risk group; 5.7.1.1 Loans and other receivables Current Period Bank’s Risk Group Associates, Subsidiaries and Joint-Ventures Bank’s Direct and Indirect Shareholders Other Components in Risk Group Loans and Other Receivables Cash Non-cash Cash Non-cash Cash Non-cash Balance at beginning of period 22,063 1,156 1,194 4,947 151 54 Balance at end of period 29,152 1,089 829 19,203 224 678 Interest and Commission Income 1,239 - 34 - 11 - Prior Period Bank’s Risk Group Associates, Subsidiaries and Joint-Ventures Bank’s Direct and Indirect Shareholders Other Components in Risk Group Loans and Other Receivables Cash Non-cash Cash Non-cash Cash Non-cash Balance at beginning of period 15,783 753 257 4,005 300 22 Balance at end of period 22,063 1,156 1,194 4,947 151 54 Interest and Commission Income 2,677 - 12 - 14 - 5.7.1.2 Deposits Bank’s Risk Group Associates, Subsidiaries and Joint-Ventures Bank’s Direct and Indirect Shareholders Other Components in Risk Group Deposits Current Period Prior Period Current Period Prior Period Current Period Prior Period Balance at beginning of period 1,407 814 11 69 15,229 18,390 Balance at end of period 4,675 1,407 539 11 13,724 15,229 Interest Expenses 797 479 1 4 3,549 5,565 5.7.1.3 Derivative transactions Bank’s Risk Group Associates, Subsidiaries and Joint-Ventures Bank’s Direct and Indirect Shareholders Other Components in Risk Group Current Period Prior Period Current Period Prior Period Current Period Prior Period Transactions at Fair Value Through Profit/(Loss) Balance at beginning of period 11,622 11,210 105,338 149,843 - 429 Balance at end of period 10,813 11,622 295,769 105,338 - - Total Profit/(Loss) 64 (446) 213 (265) (7) 6 Transactions for Hedging Balance at beginning of period - - - - - - Balance at end of period - - - - - - Total Profit/(Loss) - - - 1 - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 125 5.7.2 Bank’s risk group 5.7.2.1 Relations with companies in risk group of/or controlled by the Bank regardless of nature of current transactions Transactions with the risk group, are held under arm’s -length conditions; terms are set according to the market conditions and in compliance with the Banking Law. The Bank’s policy is to keep the balances and transaction volumes with the risk group at reas onable levels preventing any high concentration risk on balance sheet. 5.7.2.2 Concentration of transaction volumes and balances with risk group and pricing policy The cash loans of the risk group amounting TL 5,202 (31 December 2025: TL 4,485) compose 0.16% (31 December 2025: 0.17%) of the Parent Bank’s total consolidated cash loans and 0.09% (31 December 2025: 0.10%) of the Parent Bank’s total consolidated assets. The total loans and similar receivables amounting TL 30,205 (31 December 2025: TL 23,409 ) compose 0.54% (31 December 2025: 0.51%) of the Parent Bank’s total consolidated assets. The non-cash loans of the risk group amounting TL 20,970 (31 December 2025: TL 6,158) compose 1.96% (31 December 2025: 0.70%) of the Parent Bank’s total consolidated non- cash loans. The deposits of the risk group amounting TL 18,938 (31 December 2025: TL 16,648) compose 0.52% (31 December 2025: 0.53%) of the Parent Bank’s total consolidated deposits. There are no funds borrowed by the Parent Bank and its consolidated financial subsidiaries from their risk group of the Parent Bank’s total consolidated funds borrowed. The pricing in transactions with the risk group companies is set on an arm’s-length basis. A total rent income of TL 15 (30 September 2025: TL 7) was recognized for the real estates rented to the related parties. Other income of TL 154 (30 September 2025: TL 94) for the IT services rendered and banking services fee income of 77 (30 September 2025: TL 41) were recognized from the related parties. Operating expenses of TL 693 (30 September 2025: TL 555) for operational leasing services rendered by the related parties were recognized as expenses. Including the payments related to resigners, the net payment provided or to be provided to the key management of the Parent Bank and its consolidated financial subsidiaries amounts to TL 995 as of 30 September 2026 (30 September 2025: TL 803). 5.7.2.3 Other matters not required to be disclosed None. 5.7.2.4 Transactions accounted for under equity method None. 5.7.2.5 All kind of agreements signed like asset purchases/sales, service rendering, agencies, leasing, research and development, licenses, funding, guarantees, management services The Parent Bank has agency contracts with Garanti Yatırım Menkul Kıymetler AŞ and Garanti Emeklilik ve Hayat AŞ. Accordingly, all the branches of the Parent Bank serve as agencies to sell the insurance products to customers. Agency services for trading of securities on behalf of the Parent Bank’s customers are rendered by specialized branches (Investment Centers). Purchase of equipment for internal use are partly arranged through leasing.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 126 5.8 Domestic, foreign and off-shore branches or equity investments, and foreign representative offices of Parent Bank Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.9 Matters arising subsequent to the balance sheet date None. 5.10 Other disclosures on activities 5.10.1 Information on international risk ratings 5.10.1.1 Parent Bank’s international risk ratings MOODY’S (July 2026) Outlook Stable Long-Term FC Deposit Ba2 (Stable) Long-Term TL Deposit Ba2 (Stable) Short-Term FC Deposit Note-Prime Short-Term TL Deposit Note-Prime Baseline Credit Assessment - BCA ba3 Adjusted BCA Ba2 Senior Unsecured Rating (Regular Bond) B1 (hyb) Senior Unsecured Rating (Medium-Term Note Program) (P) Ba2 National Scale Rating (NSR) Long Term Deposit Aaa.tr National Scale Rating (NSR) Short Term TR-1 FITCH RATINGS (April 2026) Long-Term FC BB- / (Stable Outlook) Short-Term FC B Long-Term TL BB- / (Stable Outlook) Short-Term TL B Viability Rating bb- Shareholder Support bb- Long term senior unsecured notes BB- Short term senior unsecured notes B Subordinated notes B+ JCR EURASIA RATINGS (September 2026) Long-Term National AAA (tr) / Stable Outlook Short-Term National J1+ (tr) / Stable Outlook Long-Term International FC BBB- / Stable Outlook Short-Term NSR BBB / Stable Outlook
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 127 5.10.1.2 International risk ratings of Garanti Bank International NV, a consolidated subsidiary MOODY’S (October 2025) (*) Long-Term FC Deposit Baa1 Short-Term FC Deposit P-2 Baseline Credit Assessment ba1 Adjusted Baseline Credit Assessment baa3 Outlook Positive Long-Term Counterparty Risk Assessment A3(cr) Short-Term Counterparty Risk Assessment P-2(cr) Long-Term Counterparty Risk Rating A3 Short-Term Counterparty Risk Rating P-2 (*) Latest date in risk ratings or outlooks 5.10.1.3 International risk ratings of Garanti Faktoring, a consolidated subsidiary FITCH RATINGS (April 2026) (*) Foreign Currency Long-Term BB- Short-Term B Outlook Stable Turkish Lira Long-Term BB- Short-Term B Outlook Stable National AA (tur) Outlook Stable Support - Shareholder Support Ratings bb- (*) Latest date in risk ratings or outlooks 5.10.1.4 International risk ratings of Garanti Leasing, a consolidated subsidiary FITCH RATINGS (April 2026) (*) Foreign Currency Long-Term BB- Short-Term B Outlook Stable Turkish Lira Long-Term BB- Short-Term B Outlook Stable National AA (tur) Outlook Stable Support - Shareholder Support Ratings bb- (*) Latest date in risk ratings or outlooks
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 128 5.10.1.5 International risk ratings of Garanti Yatırım Menkul Kıymetler A.Ş. , a consolidated subsidiary JCR EURASIA RATINGS (May 2026) (*) (*) Latest date in risk ratings or outlooks 5.10.2 Dividends As per the decision made at the annual general assembly of shareholders of the Parent Bank on 31 March 2026, the distribution of the net profit of the year 2025, was as follows; 2025 PROFIT DISTRIBUTION TABLE 2025 Net Profit 110,605 A- I. Legal reserve (Turkish Commercial Code 519/1) at 5% - Undistributable funds (26) B- First dividend at 5% of the paid-in capital (210) C- Extraordinary reserves at 5% after above deductions (5,520) D- Second dividend to the shareholders (21,911) E- Extraordinary reserves (80,747) F- II. Legal reserve (Turkish Commercial Code 519/2) (2,191) 5.10.3 Other disclosures None. Long-Term International FC BB Long-Term International TL BB Short-Term NSR J1+(tr) (Stable) Long-Term NSR AAA (tr) (Stable)
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 129 6 Limited Review Report 6.1 Disclosure on limited review report The consolidated financial statements of the Bank and its financial subsidiaries as of 30 September 2026, have been reviewed by Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (a member firm of Ernst&Young Global Limited) and a limited review report dated 28 October 2026, is presented before the accompanying consolidated financial statements. 6.2 Disclosures and footnotes prepared by independent auditors None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 130 7 Interim Activity Report (Amounts are expressed in million Turkish Lira (TL)) 7.1 Summary financial information regarding the operating results for the current period, the comments of the chairman of the board of directors and the CEO Türkiye Garanti Bankası A.Ş., announced its financial statements dated 30 September 2026. Based on the consolidated financials, the Bank’s net income in the first 9 months of the year recorded as TL 98,2 billion. Asset size realized at TL 5,6 trillion and the Bank’s contribution to the economy through cash and non-cash loans was TL 4,2 trillion. Actively managing the funding base, customer deposits continued to be the main funding source; 65.1% of assets are funded via customer deposits. Customer deposit base reached to TL 3,6 trillion with 15.5% growth in the first 9 months of the year. Preserving the strong capital stance, Bank’s capital adequacy ratio was realized at 16.1%. The Bank delivered an ROAE (Return on Average Equity) of 27.5% and an ROAA (Return on Average Assets) of 2.6%. Commenting on the topic, Garanti BBVA, Chairman Süleyman Sözen stated that “In the third quarter of 2026, the global economy continued to be shaped by geopolitical risks, uncertainties surrounding international trade, and diverging monetary policy expectations. In Türkiye, the tight monetary policy stance maintained to combat inflation remained a key driver of the macroeconomic rebalancing process. The improvement in funding costs observed from the second half of the third quarter supported the profitability outlook for the banking sector. As Garanti BBVA, we maintained our strong financial performance this quarter, supported by our robust capital position, prudent balance sheet management, and ability to swiftly adapt to changing market conditions. In line with our customer -centric, lending-focused growth strategy, we further increased our support for the real economy while reinforcing our leadership in Turkish lira lending. Supported by our diversified revenue streams and disciplined management approach, our return on equity stood at 27.5%. The long-standing, trust-based relationships we have built with our customers, which underpin our financial performance, continued to drive our growth. Over the past year, we increased our total customer base to 31.8 million by acquiring 2.3 million new customers. This growth is a clear reflection of the trust our customers place in Garanti BBVA and the strength of our customer value proposition. Beyond our financial achievements, sustainability remains a core pillar of our long-term strategy. We view COP31, the United Nations Climate Change Conference to be hosted by Türkiye in November, as an important milestone in accelerating the country's sust ainable transition, unlocking new investment opportunities, and strengthening international cooperation. As Garanti BBVA, we are proud to be the Global Banking Partner of COP31 together with BBVA. Through this important role, we aim to bring together our e xpertise in sustainable finance, strong customer relationships, and the BBVA Group's international experience to help translate climate ambitions into tangible investments and lasting economic value. Guided by our strong financial position and long-term strategic priorities, we will continue to contribute to Türkiye's economy and create sustainable value for all our stakeholders. I would like to thank all our employees, customers, and stakeholders for their continued contributions and trust.” Garanti BBVA CEO Mahmut Akten commented: “During the third quarter, the tight monetary policy stance aimed at supporting disinflation, together with macroprudential measures, continued to shape the operating environment for the banking sector. Nevertheless, the decline in funding costs observed from the second half of the quarter had a positive impact on the sector’s profitability outlook. Against a backdrop of ongoing global developments, evolving interest rate and funding conditions once again highlighted the importance of disciplined pricing and effective balance sheet management.”
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 131 Commenting on the Bank’s third quarter performance, Akten continued: “Supported by lower funding costs and proactive balance sheet management, we achieved a significant improvement in our net interest margin and continued to strengthen our profitability. In line with our customer -centric, lending-focused growth strategy, we further solidified our leadership in Turkish lira lending through market share gains across various segments. On the funding side, our long- standing customer relationships enabled us to maintain a well- diversified deposit base, while further diversifying our funding sources through a subordinated debt issuance. The proceeds from our USD 125 million sustainable subordinated bond issuance will be allocated to financing green investments by micro and small and medium-sized enterprises (SMEs), as well as improving access to finance for women entrepreneurs.” Highlighting the Bank’s sustainable finance priorities and its role in COP31, Akten added: “Under our TRY 3.5 trillion sustainable finance commitment for the 2018–2029 period, we have reached a cumulative financing volume of TRY 1.9 trillion. By supporting our customers’ transition investments across a broad range of areas, from energy and industry to resource efficiency, we continue to contribute to Türkiye’s sustainable economic growth and international competitiveness. We view COP31, to be hosted by Türkiye in Antalya, as a significant opportunity to accelerate the country’s sustainable transition. Through our role as Global Banking Partner alongside BBVA, we aim to help connect Türkiye’s transformation potential with in ternational capital, expertise and new financing opportunities. Akten, concluded: “At Garanti BBVA, we continue to execute our sustainable growth strategy by combining our strong financial position with our customer -centric business model and technological capabilities. I would like to thank all our colleagues for their contributions t o these achievements and all our stakeholders for their continued trust.” You may access Garanti BBVA earnings presentations regarding the BRSA consolidated financial results from Garanti BBVA Investor Relations website at www.garantibbvainvestorrelations.com
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 132 7.1.1 Selected Figures of Consolidated Financial Statements Selected Balance Sheet Items (TL Million) Current Period 30.09.2026 Prior Period 31.12.2025 Change % Total Assets 5,580,827 4,547,774 22.72% Loans* 3,246,725 2,715,712 19.55% - Performing Loans 3,118,644 2,631,873 18.50% - Non-Performing Loans 128,081 83,839 52.77% Customer Deposits 3,630,712 3,143,897 15.48% Shareholders' Equity 522,661 446,636 17.02% * Excludes Leasing and Factoring receivables Selected P&L Items (TL Million) Current Period 30.09.2026 Prior Period 30.09.2025 Change % Net Interest Income 226,039 133,992 68.70% Operating Expenses 166,992 120,814 38.22% - HR Cost 60,549 41,572 45.65% - Other Operating Expenses 106,443 79,242 34.33% Net Fees&Commissions 141,161 103,949 35.80% Net Income 98,191 84,474 16.24% Selected Financial Ratios Current Period 30.09.2026 Prior Period 31.12.2025 Change bps Performing Loans/Assets 55.9% 57.9% (199) Deposits/Assets 65.1% 69.1% (407) Return on Average Equity 27.5% 29.1% (163) Return on Average Assets 2.6% 2.9% (31) Non-Performing Loans Ratio 3.9% 3.1% 79 Capital Adequacy Ratio* 16.1% 17.5% (138) *2025 capital ratios are presented without BRSA’s forbearance. Market Shares* Current Period 30.09.2026 Prior Period 31.12.2025 Change bps Performing Loans 11.3% 11.3% (1) TL Performing Loans 12.9% 12.7% 16 FC Performing Loans 8.2% 8.7% (56) Customer Deposits 10.6% 10.4% 19 TL Customer Deposits 10.7% 10.5% 15 FC Customer Deposits 10.5% 10.4% 9 *Market Shares are calculated per bank-only financials, for fair comparison
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 133 Garanti BBVA with Numbers Current Period 30.09.2026 Prior Period 31.12.2025 Change % Branch Network 793 795 (0.25)% Number of Employees* 23,097 23,311 (0.92)% ATM 6,593 6,558 0.53% POS** 1,009,456 870,653 15.94% Number of Customers 31,773 30,142 5.41% Number of Digital Customers*** 18,878 18,041 4.64% Number of Credit Card Customers 14,313 13,227 8.21% *The number of employees, subsidiaries are included **Includes shared and virtual POS. *** Active customers only -- min. 1 login or call per quarter 7.2 The amendments in the Articles of Association during period of 01.01.2026-30.09.2026 There is no change during the period. 7.3 Announcements regarding important developments in the period of 01.01.2026-30.09.2026 Garanti BBVA’s Annual Report, documents regarding ordinary general meeting of shareholders, information on board of directors and senior management, ratings and disclosures regarding important developments and other disclosures were announced and the discl osures were uploaded to the Public Disclosure Platform. Disclosures and all of the announcements are available at www.garantibbvainvestorrelations.com. 7.4 Assessment of financial information and risk management You may find information regarding the assessment of financial position, profitability and debt payment capability, risk management explanations and ratings in the financial statements for the period ended 30 September 2026. Additionally, you may find detailed information in the earnings presentation regarding financial results of the related period published on Garanti BBVA Investor Relations website at www.garantibbvainvestorrelations.com. You may find financial information on Garanti BBVA for the most recent five year period in the 2025 Integrated Annual Report that was published on the Public Disclosure Platform, the Bank’s website, Garanti BBVA Investor Relations website and at https://www.garantibbvainvestorrelations.com/en/images/pdf/GarantiBBVA-2025-integrated-annual- report.pdf . 7.5 Information regarding management and corporate governance practices You may access information about the activities of the Board of Directors, the Audit Committee, the Credit Committee and the committees that are established pursuant to the Regulation on the Internal Systems of Banks under the framework of the risk management systems and are organized under the Board of Directors or to support the Board of Directors, chairman and members of the committees’ names and surnames, fundamental duties and their attendance to the meetings from Garanti BBVA Investor Relations website at www.garantibbvainvestorrelations.com under the Committees section. You may access the Corporate Governance Principles Compliance Report from Garanti BBVA Investor Relations website at www.garantibbvainvestorrelations.com under the Corporate Governance section.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2026 Originally Issued in Turkish (Millions of Turkish Lira (TL)) 134 7.6 Forward looking statements regarding the expectations As per the Article 10 of the "Communiqué on Material Events Disclosure" (II-15.1) of Capital Markets Board, T. Garanti Bankası A.Ş. has announced it’s forward looking statements regarding the expectations for the year 2026. You may access the related presentation that was published on the Public Disclosure Platform, the Bank’s website and Garanti BBVA Investor Relations’ website at www.garantibbvainvestorrelations.com in Operating Plan Guidance Presentations section.