Slides
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9M26 EARNINGS 3 November 2026
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A head start to 4Q26 providing comfort for RoTE NIM 3 expanded +58bps ytd Resilient fee growth despite one-off payment network scheme transition costs Opex discipline holds firm amid higher CPI Asset quality pressures persist through unsecured consumer loans & SMEs; prudent coverage at 4.1% (4.7% adjusted for NPL sale & write-offs4) A strong kick-start to 4Q26 providing confidence for 2026 RoTE guidance Setting the balance-sheet for the future -2- RoTE Net Profit RoA → Highlights of the quarter PPP 2 CoR Strategic balance-sheet positioning for the future Strategic focus on TL deposits drove +20% q/q growth, during the declining interest rates Selective lending strategy translates into improvement in loan yields even in a declining interest rate era Notes: 1. Based on CPI-normalized increase, assuming 30% inflation reading for each quarter for comparability; reported: flat q/ q. 2. Refers to Pre-Provision-Profit: Net Interest Income+Fees&Comm.-Opex+Trading+Other Income. 3. Based on BRSA Bank-only Financials. 4. 9M26 NPL Sales: 7.3 bln TL (1Q: 2.2 bln TL, 2Q: 3.2 bln TL, 3Q: 1.8 bln TL), NPL write-off: 9M26/3Q26: 5.3 bn TL 9M26 3Q26 41.7bn TL 10.7bn TL +10% y/y +11% q/q 91.3bn TL +41% y/y 214bps +46bps ytd 1 20.6% 1.4%
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32.1% 32.4% 32.5% 45.0% 44.7% 44.9% 1Q26 2Q26 3Q26 4Q26E -3- Lucrative & prudent lending strategy translates into improvement in loan yields 65% of totalTL Loans 1 B/down of Loans 4 Notes: 1. Customer Loans: Excluding loans provided to financial institutions; adjusted for the FX indexed loans. 2. Based-on BRSA bank-only data. 3. Excludes non interest earning assets related to credit cards. 4. Based on MIS data. 5. Excluding Credit Cards. 6. Includes corporate & commercial and SME lending, in FX adjusted terms, based on 9M25 exchange rate. 7. Among private peers, based on BRSA weekly data, as of 2 October 2026. 8. Based on CBT weekly data average, difference based on simple rates. Individual5 Company6 GPLs Mortgage 35% of totalFC Loans 1 CC adjusted 3 Reported TL Loan Yield Evolution 2 (Quarterly) +18bps q/q +16bps q/q 1,417bn TL +6% q/q +23% ytd 15.6bn $ flat q/q +5% ytd Auto +23% q/q +97% ytd +28% q/q -28% ytd Individual 21% Consumer CC 23% Corporate CC 3% SME 8% Corp. & Com. 45% Performing +11% q/q +37% ytd +2% q/q +11% ytd Credit Cards +9% q/q +32% ytd Selective lending strategy underpins yield resilience → Market share gains in lucrative products sustain → Disciplined TL loan pricing: TL loan 8 rates maintained at ~450bps above the sector average both in 3Q & 9M → Resilience continues in TL loan yields: expected to further support the NIM performance further in 4Q26 Excluding credit cards +7% q/q +29% ytd Resilience to sustain +194 bps ytd -52 bps ytd -172 bps ytd +117 bps ytd +631 bps ytd +130 bps ytd Market Share7 Market Share7 +5% q/q +14% ytd
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28.3% 29.0% 28.8% 1Q26 2Q26 3Q26 4Q26E Jul Aug Sep Oct Seizing opportunities in TL deposits as cost of funding is on the ease -4- TL Deposits 1 42% of totalFC Deposits 1 58% of total The improvement since August, will be visible in 4Q26 TL Deposit Cost Evolution2 (Blended) 1,385bn TL +20% q/q +32% ytd 20.7bn $ +1% q/q -1% ytd Improvement in TL deposit costs even with a hefty 20% q/q deposit increase -17bps q/q +20% q/q TL Time Deposits +24% q/q +35% ytd 9M26: 28.3% -294bps ytd Quarterly Evolution Monthly Trend Notes: 1. Refers to customer deposits, 2. Based on BRSA bank-only data including demand deposits. 3. Based on peers that announced BRSA 9M26 financials so far. 4. LDR = Loans exc. Bank loans / (Customer Deposits + TL Bonds + Blocked Deposits) Demand Deposit Share Highest demand deposit shares among peers3 Strategic increasing TL deposits during declining rates Cost of funding trend already supports 4Q outlook → Strategic market share gain in TL deposits (+136bps q/q) via sticky individual deposits (+102bps q/q) → TL LDR4 further improved to 86% → Maintained leadership3 in TL demand deposits coupled with +10% q/q growth → Visible improvement in cost of deposits since August, signalling a strong 4Q outlook 26% 43% TL vs Total Total Demand +7% q/q +17% ytd Share of individual 66% TL Demand +10% q/q +26% ytd Share of individual 65% Loan-Deposit Ratio 4 82% 86% LDR TL LDR 1H26: 86% 93%
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3.3% 4.0% 2025 9M26 2026E 2.24% 2.82% 2025 9M26 2026E Past the Trough: NIM widening in 3Q, stronger momentum ahead -5- Revenues 1 Improving Core Revenues: Worst is over in 2Q, as stated → Improving spreads supported core revenue momentum → Effective ALM resulting in widening in NIM Looking for further NIM expansion in 4Q → Strong start to the quarter signalling further improvement Providing comfort for full year NIM guidance Core Revenues3 Core Revenue Margin 5 Notes: 1. Revenues and other revenues exclude ECL collection income and trading income to hedge FC ECL. 2. Based on CPI-normalized increase, assuming 30% inflation reading for each quarter for comparability; reported: +8% q/q. 3. Core Revenues = NII + swap costs + net fee income. 4. CPI-normalized; reported: +11% q/q; 5. Based on BRSA bank-only Financials. 6. CPI-normalized; reported: -8% q/q. 7. Based on BRSA bank-only Financials, CPI-normalized (Reported: 1Q:3.18%, 2Q:2.67%). 9M26 3Q26 TL Loan-Deposit Spread 3.2% 3.7% 3.4% 3.8% 4Q25 1Q26 2Q26 3Q26 4Q26E 207bn TL 70bn TL +37% y/y +11% q/q 182bn TL 64bn TL +38% y/y +12% q/q 6.9% 6.7% +16bps ytd +13bps q/q 2 4 6 2.61% 3.39% 2.47% 2.70% 4Q25 1Q26 2Q26 3Q26 4Q26E +58bps ytd +23bps q/q NIM Evolution7 +33bps q/q +71bps ytd
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Customer-centric model supports fee growth despite one-off fee expenses → NPV lucrative payment network scheme transition led to a one-off increase in fee expenses during the migration year Stronger fee growth outlook following completion of the transition Payment Systems 64%Lending Related 15% Money Transfer 9% Bancassurance 8% Investment Products 5% Resilient fee growth despite payment network scheme transition costs -6- Net Fee & Commission Income B/down of Net Fee & Commission Income2 Investment Products Money TransferPayment Systems Lending Related Bancassurance 9M26 3Q26 98bn TL 34bn TL Payment Systems 65% Lending Related 14% Money Transfer 9% Bancassurance 7% Investment Products 5% +43% y/y +34% y/y +65% y/y +65% y/y +19% y/y +6% q/q +26% y/y adj for additional one-off fee expense1 +18% y/y adj for one-off fee expense1 Notes: 1. Adjusted for one-off fee expenses during the payment network scheme transition 2. Based on MIS, Bank-Only financials. +8% y/y
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Cost management holds firm amid inflationary pressures -7- Opex Commitment to cost elimination for long term efficiency Opex growth contained at 34% y/y, tracking below full-year guidance despite higher than expected inflation → Fee/Opex ratio remained at a solid 85% → Cost to avg. asset ratio sustained at 3.9% Better than guided cost growth for 2026 even with higher than projected inflation Breakdown of Opex 1 9M26 3Q26 IT investments: +57% y/y HR Business Growth 2 Running Regulatory 115bn TL 43bn TL +34% y/y +14% q/q +32% y/y +36% y/y +30% y/y +38% y/y HR 36% Running 16% Business Growth 37% Regulatory 11% Notes: 1. Cost breakdown is based on MIS, Bank-Only Financials. 2. Including customer acquisition costs, World points, advertisement and depreciation.
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Credit Cards 41% Consumer 32% SME 14% Corp & Com. 13% 214bps -48bps 262bps 258bps 4bps -8- Notes: 1. Based on Bank-only BRSA Financials. 2. Excluding the positive impact of NPL sales & write-offs, (9M26 NPL Sales: 7.3bln TL; 1Q: 2.2 bln TL, 2Q: 3.2 bln TL, 3Q: 1.8 bln TL; Write-offs: 3Q: 5.3 bln TL). 3. Based on peers that announced BRSA 9M26 financials so far. 4. Based on internal SME definition. Asset quality deterioration sustains: Key drivers unsecured consumer & SME loans Maintained Prudent Asset Quality Approach → NPL inflows led by unsecured consumer & SME loans on the back of slowing economic growth and high real rates → Further strengthening of coverage for unsecured consumer & SME loans CoR likely to end the year above the guidance Collections Inflows Net NPL Formation 1,2 Breakdown of Net NPL Inflows by Segment 9M26 avg: 9M26 avg: CoR Components – 9M26 +32% vs 2025 avg +50% vs 2025 avg +4% vs 2025 avg 14.6bn TL +55% vs 2025 avg. Stage I & II (Net) Stage III Specific Collections CoR Gross CoR 3Q CoR: 235bps -6.3bn TL 21.0bn TL 14.6bn TL 4 -3% vs 2025 avg +66% vs 2025 avg +75% vs 2025 avg
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A limited 3% of the portfolio is day past due classification -9- Notes: Based on Bank-only BRSA financials. 1. 9M26 NPL Sales: 7.3bln TL (1Q: 2.2 bln TL, 2Q: 3.2 bln TL, 3Q: 1.8 bln TL); Write-offs: 5.3 bln TL. 2. Based on MIS data. Prudent provisioning sustains: Further increase in strong coverage Stage-2 Loans NPL CoverageRatio Stage-1 Loans CoverageRatio CoverageRatio 4.1% +6bps q/q +27bps ytd adj. for NPL sales & write-offs1 4.7% Total Coverage Stage-2 Breakdown ~40% comes from healthy legacy files restructured in 2018 - 2019 with >20% coverage >90% of the portfolio is without any day past due Consumer Loans Credit CardsSMEs ~35% is unsecured consumer loans with an ~70% recovery rate +107bps ytd +26bps ytd +21bps ytd Coverage by Segments2 Strong Coverage Sustains 2025 1H26 9M26 2025 1H26 9M26 2025 1H26 9M26 83% 12.4% 4.6%0.4% 8.3% 59.9% Restructured 57% Past Due 3% SICR 41% adj. for NPL sales and writeoffs1 64.4%
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-10- Internal capital generation set to re-start in 4Q, further support via strategic actions Notes: Capital Conservation Buffer: 2.5%; Counter-Cyclical Buffer: 0.08%; SIFI Buffer: 1.0%. Tier-1 CAR BufferRatio CET-1 BufferRatio BufferRatio CAR Evolution -35bps q/q | -78bps ytd Macro Impact (ytd): -67bps Internal Capital Generation (ytd): +76bps -36bps q/q | -9bps ytd Macro Impact (ytd): -45bps Internal Capital Generation (ytd): +50bps -37bps q/q | -73bps ytd Macro Impact (ytd): -23bps Internal Capital Generation (ytd): +21bps Regulatory limit: Regulatory limit:Regulatory limit: 9.0% 97bps 211bps11.7% 14.1% 207bps 8.08% 9.58% 12.0% 14.8% -183bps +204bps 14.1% -23bps +40bps +1bps -42bps -34 bps-37bps 2025 Macro Env. Impact Sub-Debt Market Risk Op. Risk Model Update Business Growth Profit & Optimization Actions Other 9M26 +21bps Solvency Improvement yet to come Internal capital generation support will re- start in 4Q and accelerate beyond Support from securities mtm to kick-start with declining interest rates (9M26: -17.3 mia TL: ~-60bps) Potential impact of Yapı Kredi Portföy Sale ~+50bps Sensitivities → First -100bps TL interest rate impact: +13bps → First 10% depreciation impact CET-1: -28bps | Tier-1: -11bps | CAR: +5bps → Break-even levels USD/TL: ~67 | NPL Ratio: >8%
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-11- RoTE guidance maintained with a strong start to the last quarter RoTE: High-Mid Twenties Notes: Based on consolidated BRSA financials, unless stated otherwise 1. Adjusted for one-off fee expenses during the payment network scheme transition 2026 Guidance 9M26 Actual TL Loan Growth +30% +23% ytd (+34% y/y) FC Loan Growth Low-single digit +5% ytd (+6% y/y) NIM (bank-only) ≥ 100bps improvement +58bps ytd Fee Growth ~Inflation +19% (one-off adj: +26%) Costs Cost growth ≤ 35% +34% y/y Asset Quality CoR 150-175bps 214bps Volumes Revenues Potential/Risk to RoTE Guidance Downside risk (Reported) adj. for one-off transition costs Upside potential Downside risk Excluding one-off gains at the low end of the guidance
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Q&A
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ANNEX
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-14- Macro Environment and Banking Sector Notes: All macro data as of September 2026 unless otherwise stated. Banking sector volumes based on BRSA weekly data as of 2 October 2026. 1. CAD indicates Current Account Deficit as of August’26, 2. 3Q26 GDP Forecast, 3. Due to the lifting of regulatory forbearances, sector data for 2026 is not directly comparable with prior periods. Macro Environment Banking Sector - Private Banks 2024 2025 9M26 GDP Growth (y/y) 3.5% 3.7% - CPI Inflation (y/y) 44.4% 30.9% 29.7% CAD1/GDP2 -1.0% -1.9% -2.4% Budget Deficit/GDP2 -4.7% -2.8% -3.1% USD/TL (eop) 35.28 42.85 48.93 2Y Benchmark Bond Rate (eop) 40.6% 37.2% 40.1% 2024 2025 9M26 Loan Growth (ytd) 42% 42% 22% TL 40% 43% 25% FC (USD) 24% 15% 3% Cust. Deposit Growth (ytd) 28% 40% 23% TL 39% 30% 24% FC (USD) -6% 28% 5% NPL Ratio 2.2% 3.1% 3.6% CAR3 - - 17.5% RoTE 25.1% 25.3% 22.9%
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-15- Consolidated Balance Sheet Notes: 1. Loans indicate performing loans excluding loans provided to financial institutions. TL and FC Loans are adjusted for the FX indexed loans . 2. Other interest earning assets (IEAs) include Balances with the Central Bank Turkey, banks and other financial institutions, m oney markets, factoring receivables, financial lease receivables. 3. Other assets include investments in associates, subsidiaries, joint ventures, hedging derivative financial assets, property a nd equipment, intangible assets, tax assets, assets held for resale and related to discontinued operations (net) and other . 4. Borrowings: include funds borrowed, marketable securities issued (net), subordinated loans. Intragroup funding / Total exposures is limited to cash exc luding Business Related (i.e. Trade Finance), Repos and loro/nostro accounts . 5. Other liabilities: other provisions, hedging derivatives, deferred and current tax liability and other . 3 2 5 4 Assets - Bank Only Liabilities - Bank Only TL/$ bln 9M25 2025 1H26 9M26 q/q ytd y/y Total Assets 3,348 3,523 3,991 4,404 10% 25% 32% Loans1 1,663 1,794 2,058 2,183 6% 22% 31% TL Loans 1,055 1,157 1,331 1,417 6% 23% 34% FC Loans ($) 15 15 16 16 0% 5% 7% Securities 600 619 640 673 5% 9% 12% TL Securities 409 427 443 459 4% 8% 12% CPI Linkers (for info) 208 223 236 248 5% 11% 19% FC Securities ($) 5 4 4 4 3% -3% -5% Customer Deposits 1,780 1,939 2,106 2,395 14% 24% 35% TL Customer Deposits 971 1,047 1,153 1,385 20% 32% 43% FC Customer Deposits ($) 19 21 20 21 1% -1% 6% Customer Demand Deposits 802 883 965 1,036 7% 17% 29% TL Demand Deposits 272 290 333 366 10% 26% 35% FC Demand Deposits ($) 13 14 14 14 1% -1% 7% Money Markets 221 102 90 163 82% 60% -26% Borrowings 797 897 1,081 1,152 7% 28% 45% TL Borrowings 96 142 222 175 -21% 24% 83% FC Borrowings ($) 17 18 18 20 8% 13% 18% Shareholders' Equity 241 256 286 296 3% 16% 23% Assets Under Management 872 1,004 1,201 1,175 -2% 17% 35% Loans 51.9% Securities 15.9% Other IEAs 21.1% Other Assets 11.1% Customer Deposits 55.5% Securities Issued 7.0% Borrowings 17.5% Money Markets 3.5% Other 9.1% SHE 7.4%
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Marketable Securities Portfolio – Bank Only -16- TL Securities 28% of total Notes:. 1. Net of Tax, based on BRSA consolidated financials. FC Securities 72% of total Classification of Securities Fin. Assets at amortized cost FVTPL FVOCI 16% of Assets B/down of TL Securities B/down of FC Securities M-t-m unrealized gain/loss1 9M26: -17.3bn TL (1H26: -14.4bn TL, 2025: -9.1bn TL, 2024: 12.8bn TL ) October-to-October CPI for valuation of linkers 9M26: 30% (1H26: 30%; 1Q26: 27%; 2025: 32.87%) 458bn TL +4% q/q +8% ytd 3.6bn $ +1% q/q -7% ytd Fixed 35% CPI 54% Floating 11% Fixed 98% Floating 2% 0.5% 31.9% 67.6%
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-17- Consolidated Income Statement (restated for Yapı Kredi Portföy) TL billion 3Q25 2Q26 3Q26 q/q 9M25 9M26 y/y Net Interest Income including swap costs 19.5 26.2 29.2 12% 49.0 83.4 70% Net Interest Income including swap costs (normalised w/linker income) 19.5 24.6 29.2 19% 49.0 83.4 70% o/w NII 44.2 59.0 66.2 12% 108.8 183.1 68% o/w Swap costs -24.7 -32.9 -37.0 13% -59.8 -99.6 67% Additional Info: Interest Income from CPI-linkers1 14.3 15.6 14.0 -10% 39.0 42.2 8% Additional Info:normalised CPI-linker income2 14.3 14.1 14.0 0% 39.0 42.2 8% Fees & Commissions 31.3 32.3 34.4 6% 82.3 98.3 19% Core Revenues 50.8 58.5 63.6 9% 131.4 181.7 38% Core Revenues (normalised w/linker income) 50.8 57.0 63.6 12% 131.4 181.7 38% Operating Costs -32.1 -37.4 -42.5 14% -86.4 -115.5 34% Core Operating Income 18.8 21.1 21.1 0% 45.0 66.3 47% Trading excl. ECL hedge 6.1 4.9 5.5 13% 17.1 20.8 22% Other income 0.7 1.6 1.2 -28% 2.5 4.2 66% o/w income from subs 0.4 0.5 0.7 44% 1.3 1.8 32% Pre-provision Profit 25.6 27.6 27.8 1% 64.6 91.3 41% Pre-Provision Profit (normalised w/linker income) 25.6 26.1 27.8 7% 64.6 91.3 41% ECL (net; excl. currency impact) -7.2 -12.6 -14.1 13% -19.5 -35.8 83% o/w Stage 3 Provisions -8.3 -13.9 -15.8 14% -24.2 -43.3 79% o/w Stage 1 + Stage 2 Provisions (Net) -0.7 -1.7 -1.1 -37% -5.9 -2.6 -56% Additional Info: Reversals 3.3 1.7 1.8 5% 9.4 12.0 28% o/w Currency Impact 0.8 0.8 0.8 6% 3.1 2.1 -34% o/w Collections 1.0 2.3 2.0 -13% 7.5 8.1 7% Provisions for Risks and Charges & Other 0.0 -1.1 -0.1 n.m. -0.1 -1.3 n.m. Pre-tax Income 18.4 13.9 13.6 -3% 45.0 54.2 20% Pre-tax Income (normalised w/linker income) 18.4 12.4 13.6 10% 45.0 54.2 20% Tax -3.9 -4.0 -3.7 -6% -8.7 -14.8 69% Net Profit from discontinued operations 0.6 0.7 0.8 12% 1.6 2.3 47% Net Income 15.1 10.7 10.7 0% 37.8 41.7 10% Net Income (normalised w/linker income) 15.1 9.6 10.7 11% 37.8 41.7 10% Notes: Yapı Kredi Porföy is classified under «Net Profit from Discontinued Operations» in 9M26 for consistency past periods are restated accordingly.; n.m.: not meaningful 1. Interest income from CPI linkers includes only inflation impact. 2. Assuming 30% inflation reading applied in all the quarters of 2026
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-18- Bank-only Income Statement Notes: n.m.: not meaningful 1. Interest income from CPI linkers includes only inflation impact.; 2. Assuming 30% inflation reading applied in all the quarters of 2026 TL billion 3Q25 2Q26 3Q26 q/q 9M25 9M26 y/y Net Interest Income including swap costs 14.7 20.5 22.5 10% 36.4 66.2 82% Net Interest Income including swap costs (normalised w/linker income) 14.7 19.0 22.5 19% 36.4 66.2 82% o/w NII 40.0 54.2 60.1 11% 97.2 167.9 73% o/w Swap costs -25.3 -33.7 -37.6 12% -60.8 -101.7 67% Additional Info: Interest Income from CPI-linkers1 14.3 15.6 14.0 -10% 39.0 42.2 8% Additional Info:normalised CPI-linker income2 14.3 14.1 14.0 0% 39.0 42.2 8% Fees & Commissions 30.2 31.3 33.1 6% 79.7 94.6 19% Core Revenues 44.9 51.8 55.6 7% 116.1 160.8 39% Core Revenues (normalised w/linker income) 44.9 50.2 55.6 11% 116.1 160.8 39% Operating Costs -30.6 -35.7 -40.6 14% -82.2 -110.1 34% Core Operating Income 14.4 16.1 15.0 -7% 33.9 50.7 50% Trading excl. ECL hedge 6.0 4.4 5.4 21% 16.5 19.9 20% Other income 4.4 6.0 6.2 4% 12.3 17.6 43% o/w income from subs 4.0 5.3 5.6 6% 11.0 15.4 39% Pre-provision Profit 24.7 26.6 26.6 0% 62.7 88.2 41% Pre-Provision Profit (normalised w/linker income) 24.7 25.0 26.6 6% 62.7 88.2 41% ECL (net; excl. currency impact) -7.0 -12.3 -13.8 13% -19.4 -35.0 81% o/w Stage 3 Provisions -8.2 -13.7 -15.6 14% -24.0 -42.8 78% o/w Stage 1 + Stage 2 Provisions (Net) -0.6 -1.6 -1.0 n.m. -5.9 -2.3 -61% Additional Info: Reversals 3.2 1.6 1.7 6% 9.1 11.7 29% o/w Currency Impact 0.8 0.8 0.8 6% 3.1 2.1 -34% o/w Collections 1.0 2.3 2.0 -15% 7.4 8.0 8% Provisions for Risks and Charges & Other 0.0 -1.1 -0.1 n.m. -0.1 -1.3 n.m. Pre-tax Income 17.7 13.2 12.7 -3% 43.2 51.9 20% Pre-tax Income (normalised w/linker income) 17.7 11.6 12.7 9% 43.2 51.9 20% Tax -2.6 -2.4 -2.0 -17% -5.4 -10.2 89% Net Income 15.1 10.7 10.7 0% 37.8 41.7 10% Net Income (normalised w/linker income) 15.1 9.6 10.7 11% 37.8 41.7 10%
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-19- Key Ratios Notes: 1. LDR = Loans exc. Bank loans / (Customer Deposits + TL Bonds + Blocked Deposits) 2. Three-months average; 3. Based on bank-only BRSA financials 1Q26 2Q26 3Q26 2025 9M26 Stage 1-2 provisions 8,264 3,465 2,914 15,326 14,643 Reversal -8,473 -1,730 -1,814 -10,720 -12,017 Stage 1-2 provisions (Net) -210 1,735 1,100 4,606 2,626 Stage 3 Provisions 13,619 13,861 15,830 35,646 43,310 Collections -3,776 -2,290 -1,997 -8,499 -8,063 Stage 3 provisions (Net) 9,843 11,572 13,833 27,146 35,247 Currency impact (fully hedged) 502 753 800 3,645 2,055 ECL 9,131 12,554 14,133 28,108 35,819 CoR (bps) 176 225 235 167 214 9M25 2025 1H26 9M26 LDR1 86% 85% 86% 82% TL LDR1 93% 94% 93% 86% FX LDR 75% 72% 75% 75% LCR2 125% 124% 121% 131% FC LCR2 308% 308% 287% 472% RoTE 23.7% 21.4% 23.4% 20.6% RoA 1.7% 1.5% 1.7% 1.4% NIM (bank-only) 2.03% 2.24% 2.92% 2.82% Fee/Opex 95% 92% 88% 85% Cost/Avg. Assets 3.9% 4.1% 3.9% 3.9% CoR 163bps 167bps 201bps 214bps Total Coverage3 3.7% 3.9% 4.1% 4.1% Stage-1 84% 84% 84% 83% Coverage 0.5% 0.5% 0.4% 0.4% Stage-2 12% 12% 12% 12% Coverage 10.0% 9.7% 8.8% 8.3% NPL 3.4% 3.8% 4.3% 4.6% Coverage 58.7% 60.3% 61.4% 59.9% CET-1 9.7% 9.8% 9.4% 9.0% Buffer 168bps 176bps 133bps 97bps Tier-1 11.7% 11.8% 12.1% 11.7% Buffer 216bps 222bps 249bps 211bps CAR 13.9% 14.8% 14.4% 14.1% Buffer 188bps 281bps 246bps 207bps
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-20- Well Diversified Loan Portfolio - Sectoral Breakdown Notes: Based on MIS Data, bank-only gross cash loans breakdown. Individual Lending 43.7% Energy 5.6% Infrastructure & other construction 5.4% Wholesale Trade 4.7% Metals 4.0% Food & Beverage 3.5% Health & Education 3.3% Textile 2.9% Finance 2.9% Tourism 2.8% Automotive 2.3% Transportation 2.2% Machinery 2.0% Business Services 1.8% Agriculture & Farming 1.5% Other Business 4.5%
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-21- Details of Main Borrowings Syndications AT-1 Subordinated Transactions Foreign Currency Bonds & Bills DPRs ~ US$ 2.59 bln outstanding → Nov’25: US$ 524.4 mln, and € 352.8 mln, all-in cost at SOFR+1.50% and Euribor+ 1.25% for 367 days. US$ 253 mln, all-in cost at SOFR+ 1.90% for 734 days. US$ 90 mln, all-in cost at SOFR+ 2.15% for 1,101 days. 54 banks from 24 countries → Jun’26: US$ 255.5 mln, and € 482.25 mln, all-in cost at SOFR+1.25% and Euribor+ 1.10% for 367 days. US$ 178 mln, and € 65 mln, all-in cost at SOFR+1.75% and Euribor+ 1.60% for 734 days. US$ 33.5 mln, all-in cost at SOFR+ 2.00% for 1,101 days. 49 banks from 25 countries International US$ 1.60 bln outstanding → Apr’24: US$ 500 mln market transaction, callable at 5.25 years and every interest payment date onwards, perpetual, 9.743% (coupon rat e) → Sep’25: US$ 600 mln market transaction, callable at 5.5 years and every interest payment date onwards, perpetual, 8.25% (coupon rate) → May’26: US$ 500 mln market transaction, callable at 5.5 years and every interest payment date onwards, perpetual, 9 .375% (coupon rate) US$ 1.40 bln outstanding → Jan’24: US$ 650 mln market transaction, 10NC5, 9.25% (coupon rate) - Basel III Compliant → Dec’25: US$ 500 mln market transaction, 10.5NC5.5, 7.55% (coupon rate) - Basel III Compliant → Jan’26: US$ 250 mln, 10.5NC5.5, 7.55% (coupon rate) - Basel III Compliant- Tap US$ 1.80 bln Eurobonds → Sep’23: US$ 500 mln, 9.25% (coupon rate), 5 years - Sustainable → Nov’23: US$ 300 mln, 8.75% (yield rate), 5 years - Tap → Sep’24: US$ 500 mln, 7.125% (coupon rate), 5 years → Mar’25: US$ 500 mln, 7.25% (coupon rate), 5 years ~ US$ 3.52 bln outstanding → Jun’26: US$ 700 mln with maturities varying between 10 and 12 years and with 2 different investors → Jul’26: US$ 300 mln and €100mln with maturities varying between 10 and 12 years and with two different investors Local Currency Bonds & Bills Subordinated Bonds TL 31.1 bln outstanding → Nov’25: TL 14 bln, 1-year maturity → Mar’26: TL 3.50 bln, 1-year maturity → Jul’ 26: TL 12.80 bln, 6-month maturity Domestic TL 800 mln outstanding → Jul’19: TL 500 mln, 10-year maturity, TLREF index + 193 bps → Oct’19: TL 300 mln, 10-year maturity, TLREF index + 130 bps 3Q26 3Q26
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-22- Sustainability Net-Zero Banking → Measuring Scope-3 Category 15: Investments emissions (financed emissions) according to PCAF since 2021 → Committed to Net-Zero Banking Alliance (NBZA) in July 2023 → Obtained SBTi verification in July 2024 with the most comprehensive coverage of loan portfolio targets in the Turkish banking sector → Became the first bank in Türkiye to publish its net-zero roadmap for financed emissions targets SBTi Aligned Target Segments → Project Finance: Electricity Generation → Corporate Loans: Electricity Generation → Corporate Loans: Real Estate → Corporate Loans: Other Long-Term Lending NZBA Aligned Sectoral Targets → Iron and Steel → Electricity Generation → Real Estate → Oil and Gas (downstream) → Road Transportation ✓ 98%* *Targets cover 98% of NZBA sectors Please click here for Yapı Kredi’s Net-Zero Roadmap Net-Zero Roadmap Decarbonisation Levers Support Transition of Customers Financing investments in emissions reduction technology (i.e. Energy efficiency improvements) Build ESG advisory Relevant Sectors: Iron & Steel, Oil & Gas, Real Estate, Road Transport Shift Portfolio to Green Increase exposure in greener companies Finance new green investments Relevant Sectors: Electricity Generation (Renewable), Iron & Steel, Oil & Gas, Real Estate, Road Transport Avoid / Exit Brown Assets Reject certain new lending categorically Exit from high emitting low profit customers Introduce carbon pricing: Detractive pricing for brown lending Relevant Sectors: Electricity Generation (Thermic) Offset Where Reduction is not Possible Establish own carbon bank Procure / intermediate access to carbon for customers Relevant Sectors: Not accepted by global standard setters as part of a portfolio strategy
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-23- Sustainability Included in Sustainalytics’ ESG Top-Rated Companies List CDP Climate Change and Water Security A Leadership Score Ratings Included in S&P CSA Survey MSCI A Category Total ESG Score: 63 Risk Rating Score: 17. 0 Low Risk Indices & Initiatives The first Turkish Bank to become a signatory Best Among the Top Tier-1 Turkish Banks Score: 60 ESG Rating: 3 A category Above global sector average Became the first bank in Türkiye to publish its Double Materiality Assessment Report in accordance with European Sustainability Reporting Standards (ESRS) The only bank from Türkiye among 750 companies in the «World's Most Sustainable Companies 2026» list published by TIME and Statista. Above the Sector Average ESG Score: 3 Please click here for Yapı Kredi’s Double Materiality Assessment Report .Blue Bond : Yapı Kredi diversified its sustainable finance portfolio with its inaugural USD 50 million Blue Bond private placement issuance in March 2026 and completed the fully allocation in Q3 2026.
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-24- Disclaimer This presentation has been prepared by Yapı ve Kredi Bankası A.Ş. (the “Bank”). This presentation is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution or use would be contrary to law or regulation or which would require any registration, licensing or other action to be taken within such jurisdiction. This presentation does not constitute or form part of, and should not be construed as, an offer or invitation to sell securities of the Bank, or the solicitation of an offer to subscribe for or purchase securities of the Bank, and nothing contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to purchase any securities of the Bank should be made solely on the basis of the conditions of the securities and the information contained in the offering circular, information statement or equivalent disclosure document prepared in connection with the offering of such securities. Prospective investors are required to make their own independent investigations and appraisals of the business and financial condition of the Bank and the nature of any securities before taking any investment decision with respect to securities of the Bank. This presentation and the information contained herein are not an offer of securities for sale in the United States or any other jurisdiction. No action has been or will be taken by the Bank in any country or jurisdiction that would, or is intended to, permit a public offering of securities in any country or jurisdiction where action for that purpose is required. In particular, no securities have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States and securities may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Bank does not intend to register or to conduct a public offering of any securities in the United States or any other jurisdiction. This presentation is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC and any amendments thereto, including the amending directive, Directive 2010/73/EU to the extent implemented in the relevant member state and any relevant implementing measure in each relevant member state (the “Prospectus Directive”) and/or Part VI of the United Kingdom’s Financial Services and Markets Act 2000. This presentation is only directed at and being communicated to the limited number of invitees who: (A) if in the European Economic Area, are persons who are “qualified investors” within the meaning of Article 2(1)(e) of the Prospectus Directive (“Qualified Investors”); (B) if in the United Kingdom are persons (i) having professional experience in matters relating to investments so as to qualify them as “investment professionals” under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); and (ii) falling within Article 49(2)(a) to (d) of the Order; and/or (C) are other persons to whom it may otherwise lawfully be communicated (all such persons referred to in (A), (B) and (C) together being “Relevant Persons”). This presentation must not be acted or relied on by persons who are not Relevant Persons. Any investment activity to which this presentation relates is available only to Relevant Persons and may be engaged in only with Relevant Persons. Nothing in this presentation constitutes investment advice and any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. If you have received this presentation and you are not a Relevant Person you must return it immediately to the Bank.