TÜRKİYE VAKIFLAR BANKASI T.A.O.

Annual / Quarterly Financial Statement • Nov 6, 2025

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI UNCONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS OF SEPTEMBER 30, 2025

(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

				Current Period September 30, 2025			Prior Period December 31, 2024
	ASSETS	Notes	TL	FC	Total	TL	FC	Total
I.	FINANCIAL ASSETS (Net)		787,323,914	787,421,042	1,574,744,956	853,260,452	674,291,022	1,527,551,474
1.1	Cash and cash equivalents	V-I-1	429,812,089	582,414,101	1,012,226,190	565,869,819	402,445,620	968,315,439
1.1.1	Cash and balances at Central Bank	V-I-1	329,703,110	494,105,608	823,808,718	436,902,824	331,552,944	768,455,768
1.1.2	Banks	V-I-3	100	88,614,570	88,614,670	85	71,239,075	71,239,160
1.1.3	Receivables from Money Markets		100,112,500	-	100,112,500	128,971,733	-	128,971,733
1.1.4	Allowance for expected credit losses (-)	V-I-16	3,621	306,077	309,698	4,823	346,399	351,222
1.2	Financial assets at fair value through profit or loss	V-I-2	7,811,089	1,394,092	9,205,181	1,324,402	1,098,050	2,422,452
1.2.1	Public debt securities		-	-	-	-	-	-
1.2.2	Equity instruments		879,768	1,394,092	2,273,860	242,830	1,098,050	1,340,880
1.2.3	Other financial assets		6,931,321	-	6,931,321	1,081,572	-	1,081,572
1.3	Financial assets at fair value through other comprehensive		323,727,702	186,931,301	510,659,003	262,947,749	267,418,353	530,366,102
	income	V-I-4
1.3.1	Public debt securities		323,346,191	186,848,847	510,195,038	261,058,218	267,351,934	528,410,152
1.3.2	Equity instruments		381,511	61,457	442,968	238,310	48,675	286,985
1.3.3	Other financial assets		-	20,997	20,997	1,651,221	17,744	1,668,965
1.4	Derivative financial assets		25,973,034	16,681,548	42,654,582	23,118,482	3,328,999	26,447,481
1.4.1	Derivative financial assets at fair value through profit or loss	V-I-2	25,973,034	16,681,548	42,654,582	23,118,482	3,328,999	26,447,481
1.4.2	Derivative financial assets at fair value through other		-	-	-	-	-	-
	comprehensive income	V-I-11
II.	FINANCIAL ASSETS MEASURED AT AMORTISED		2,135,274,589	1,098,015,057	3,233,289,646	1,615,683,954	744,981,268	2,360,665,222
	COST
2.1	Loans	V-I-5	1,724,244,203	1,013,980,140	2,738,224,343	1,315,678,783	730,390,412	2,046,069,195
2.2	Receivables from leasing transactions	V-I-10	-	-	-	-	-	-
2.3	Factoring receivables		-	-	-	-	-	-
2.4	Financial assets measured at amortised cost	V-I-6	486,572,294	102,374,024	588,946,318	352,246,247	30,350,848	382,597,095
2.4.1	Public debt securities		486,572,294	101,911,593	588,483,887	352,246,247	29,640,950	381,887,197
2.4.2	Other financial assets		-	462,431	462,431	-	709,898	709,898
2.5	Allowance for expected credit losses (-)		75,541,908	18,339,107	93,881,015	52,241,076	15,759,992	68,001,068
III.	NON-CURRENTS ASSETS OR DISPOSAL GROUPS		4,403,152	-	4,403,152	1,075,975	-	1,075,975
	"HELD FOR SALE" AND "FROM DISCONTINUED
	OPERATIONS (Net)	V-I-14
3.1	Held for sale purpose		4,403,152	-	4,403,152	1,075,975	-	1,075,975
3.2	Held from discontinued operations		-	-	-	-	-	-
IV.	INVESTMENTS IN ASSOCIATES, SUBSIDIARIES		30,111,651	3,893,124	34,004,775	27,145,854	2,927,024	30,072,878
	AND JOINT VENTURES
4.1	Investments in associates (Net)	V-I-7	8,584,941	-	8,584,941	8,357,945	-	8,357,945
4.1.1	Associates accounted by using equity method		-	-	-	-	-	-
4.1.2	Unconsolidated associates		8,584,941	-	8,584,941	8,357,945	-	8,357,945
4.2	Investments in subsidiaries (Net)	V-I-8	21,526,710	3,893,124	25,419,834	18,787,909	2,927,024	21,714,933
4.2.1	Unconsolidated financial subsidiaries		18,272,436	3,893,124	22,165,560	16,026,072	2,927,024	18,953,096
4.2.2	Unconsolidated non-financial subsidiaries		3,254,274	-	3,254,274	2,761,837	-	2,761,837
4.3	Jointly Controlled Partnerships (Joint Ventures) (Net)	V-I-9	-	-	-	-	-	-
4.3.1	Jointly controlled partnerships accounted by using equity		-	-	-	-	-	-
	method
4.3.2	Unconsolidated jointly controlled partnerships		-	-	-	-	-	-
V.	PROPERTY AND EQUIPMENT (Net)		45,543,506	124,127	45,667,633	38,800,286	131,191	38,931,477
VI.	INTANGIBLE ASSETS AND GOODWILL (Net)		1,386,841	-	1,386,841	1,289,434	1,333	1,290,767
6.1	Goodwill		-	-	-	-	-	-
6.2	Other		1,386,841	-	1,386,841	1,289,434	1,333	1,290,767
VII.	INVESTMENT PROPERTIES (Net)	V-I-12	3,845,463	-	3,845,463	3,845,463	-	3,845,463
VIII.	CURRENT TAX ASSETS		3,836,363	-	3,836,363	876,325	-	876,325
IX.	DEFERRED TAX ASSETS	V-I-13	7,121,555	-	7,121,555	4,740,299	-	4,740,299
X.	OTHER ASSETS (Net)	V-I-15	76,908,174	9,061,333	85,969,507	47,279,868	5,155,949	52,435,817
	TOTAL ASSETS		3,095,755,208	1,898,514,683	4,994,269,891	2,593,997,910	1,427,487,787	4,021,485,697

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI UNCONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS OF SEPTEMBER 30, 2025

(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

				Current Period September 30, 2025			Prior Period December 31, 2024
	LIABILITIES AND EQUITY	Notes	TL	FC	Total	TL	FC	Total
I.	DEPOSITS	V-II-1	2,213,920,835	918,090,410	3,132,011,245	1,864,267,378	673,520,604	2,537,787,982
II.	BORROWINGS	V-II-3	54,072,440	363,613,454	417,685,894	47,255,568	226,824,867	274,080,435
III.	MONEY MARKET FUNDS		300,287,123	238,401,322	538,688,445	278,255,815	229,293,399	507,549,214
IV.	MARKETABLE SECURITIES (Net)	V-II-3	203,079	291,971,446	292,174,525	5,784,837	207,916,445	213,701,282
4.1	Bills		203,079	-	203,079	5,784,837	6,085,568	11,870,405
4.2	Asset backed securities		-	-	-	-	-	-
4.3.	Bonds		-	291,971,446	291,971,446	-	201,830,877	201,830,877
V.	FUNDS		3,005	-	3,005	3,005	-	3,005
5.1	Borrower funds		-	-	-	-	-	-
5.2	Other		3,005	-	3,005	3,005	-	3,005
VI.	FINANCIAL LIABILITIES AT FAIR VALUE
	THROUGH PROFIT OR LOSS		-	-	-	-	-	-
VII.	DERIVATIVE FINANCIAL LIABILITIES		3,317,233	4,878,288	8,195,521	1,901,202	4,888,366	6,789,568
7.1	Derivative financial liabilities at fair value through profit or
	loss	V-II-2	3,317,233	4,878,288	8,195,521	1,901,202	4,888,366	6,789,568
7.2	Derivative financial liabilities at fair value through other
	comprehensive income	V-II-6	-	-	-	-	-	-
VIII.	FACTORING PAYABLES		-	-	-	-	-	-
IX.	LEASE PAYABLES (Net)	V-II-5	7,328,755	-	7,328,755	5,411,784	1,602	5,413,386
X.	PROVISIONS	V-II-7	19,206,733	293,586	19,500,319	27,682,400	353,337	28,035,737
10.1	Provision for restructuring		-	-	-	-	-	-
10.2	Reserves for employee benefits		12,722,077	-	12,722,077	10,701,716	-	10,701,716
10.3	Insurance technical reserves (Net)		-	-	-	-	-	-
10.4	Other provisions		6,484,656	293,586	6,778,242	16,980,684	353,337	17,334,021
XI.	CURRENT TAX LIABILITIES	V-II-8	17,570,731	26,337	17,597,068	10,169,597	33,558	10,203,155
XII.	DEFERRED TAX LIABILITIES	V-II-8	-	-	-	-	-	-
XIII.	LIABILITIES RELATED TO NON-CURRENT
	ASSETS "HELD FOR SALE" AND "DISCONTINUED
	OPERATIONS" (Net)	V-II-9	-	-	-	-	-	-
13.1	Held for sale		-	-	-	-	-	-
13.2	Related to discontinued operations		-	-	-	-	-	-
XIV.	SUBORDINATED DEBT	V-II-10	12,986,557	89,075,631	102,062,188	12,211,950	72,709,156	84,921,106
14.1	Loans		-	-	-	-	-	-
14.2	Other debt instruments		12,986,557	89,075,631	102,062,188	12,211,950	72,709,156	84,921,106
XV.	OTHER LIABILITIES	V-II-4	157,867,718	37,526,926	195,394,644	109,109,158	24,697,220	133,806,378
XVI.	SHAREHOLDERS` EQUITY	V-II-11	258,342,859	5,285,423	263,628,282	213,379,826	5,814,623	219,194,449
16.1	Paid-in capital	V-II-11	9,915,922	-	9,915,922	9,915,922	-	9,915,922
16.2	Capital reserves		51,965,917	1,319,206	53,285,123	50,123,391	991,838	51,115,229
16.2.1	Equity shares premiums		45,589,048	-	45,589,048	45,589,048	-	45,589,048
16.2.2	Share cancellation profits		-	-	-	-	-	-
16.2.3	Other capital reserves		6,376,869	1,319,206	7,696,075	4,534,343	991,838	5,526,181
16.3	Other accumulated comprehensive income that will not be
	reclassified in profit or loss		33,630,871	(1,124,231)	32,506,640	32,495,181	(845,247)	31,649,934
16.4	Other accumulated comprehensive income that will be
	reclassified in profit or loss		(5,205,761)	5,090,448	(115,313)	(5,234,121)	5,668,032	433,911
16.5	Profit reserves		126,079,453	-	126,079,453	85,704,152	-	85,704,152
16.5.1	Legal reserves		13,411,743	-	13,411,743	9,197,197	-	9,197,197
16.5.2	Statutory reserves		-	-	-	-	-	-
16.5.3	Extraordinary reserves		110,911,524	-	110,911,524	74,771,302	-	74,771,302
16.5.4	Other profit reserves		1,756,186	-	1,756,186	1,735,653	-	1,735,653
16.6	Profit or loss		41,956,457	-	41,956,457	40,375,301	-	40,375,301
16.6.1	Prior years' profits or losses		-	-	-	-	-	-
16.6.2	Current period net profit or loss		41,956,457	-	41,956,457	40,375,301	-	40,375,301
16.7	Minority interests		-	-	-	-	-	-
	TOTAL LIABILITIES AND EQUITY		3,045,107,068	1,949,162,823	4,994,269,891	2,575,432,520	1,446,053,177	4,021,485,697

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI UNCONSOLIDATED OFF-BALANCE SHEET ITEMS AS OF SEPTEMBER 30, 2025

(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

				Current Period September 30, 2025	Prior Period December 31, 2024
		Notes	TL	FC	Total	TL	FC	Total
A.	OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (I+II+III)		1,908,228,930	2,330,164,861	4,238,393,791	1,375,804,554	1,762,773,414	3,138,577,968
I.	GUARANTEES AND SURETIES	V-III-2	427,037,360	400,933,166	827,970,526	348,898,069	328,170,155	677,068,224
1.1.	Letters of guarantee	V-III-1	426,857,915	275,449,028	702,306,943	348,706,327	210,553,165	559,259,492
1.1.1.	Guarantees subject to State Tender Law		13,692,490	-	13,692,490	7,534,694	-	7,534,694
1.1.2.	Guarantees given for foreign trade operations		29,117,790	153,666,526	182,784,316	21,073,866	113,852,683	134,926,549
1.1.3. 1.2.	Other letters of guarantee Bank acceptances		384,047,635 4,258	121,782,502 7,765,227	505,830,137 7,769,485	320,097,767 4,258	96,700,482 6,963,856	416,798,249 6,968,114
1.2.1.	Import letter of acceptance		-	1,338,680	1,338,680	-	1,730,604	1,730,604
1.2.2.	Other bank acceptances	V-III-4	4,258	6,426,547	6,430,805	4,258	5,233,252	5,237,510
1.3.	Letters of credit	V-III-4	175,187	113,842,758	114,017,945	187,484	107,498,532	107,686,016
1.3.1.	Documentary letters of credit		175,187	113,842,758	114,017,945	187,484	107,498,532	107,686,016
1.3.2. 1.4.	Other letters of credit Pre-financing given as guarantee		- -	- 33,071	- 33,071	- -	- 28,122	- 28,122
1.5.	Endorsements		-	-	-	-	-	-
1.5.1.	Endorsements to the Central Bank of Republic of Türkiye		-	-	-	-	-	-
1.5.2.	Other endorsements		-	-	-	-	-	-
1.6.	Purchase guarantees for Securities issued		-	-	-	-	-	-
1.7.	Factoring guarantees		-	-	-	-	-	-
1.8. 1.9.	Other guarantees Other warrantees		- -	728,988 3,114,094	728,988 3,114,094	- -	556,188 2,570,292	556,188 2,570,292
II.	COMMITMENTS		1,279,554,105	615,855,764	1,895,409,869	884,997,907	423,545,620	1,308,543,527
2.1.	Irrevocable commitments	V-III-1	1,240,262,173	241,131,888	1,481,394,061	843,949,226	175,132,731	1,019,081,957
2.1.1.	Asset purchase and sales commitments	V-III-1	21,956,258	241,131,888	263,088,146	53,876,600	175,132,731	229,009,331
2.1.2.	Deposit purchase and sales commitments		-	-	-	-	-	-
2.1.3.	Share capital commitments to associates and subsidiaries		1,524	-	1,524	-	-	-
2.1.4.	Loan granting commitments	V-III-1	399,801,312	-	399,801,312	296,760,473	-	296,760,473
2.1.5.	Securities issuance brokerage commitments		-	-	-	-	-	-
2.1.6.	Commitments for reserve deposit requirements		-	-	-	-	-	-
2.1.7. 2.1.8.	Commitments for checks payments Tax and fund liabilities from export commitments	V-III-1	19,622,212 -	- -	19,622,212 -	14,787,396 -	- -	14,787,396 -
2.1.9.	Commitments for credit card expenditure limits	V-III-1	769,214,846	-	769,214,846	458,300,096	-	458,300,096
2.1.10.	Commitments for credit cards and banking services promotions		583,614	-	583,614	3,455,059	-	3,455,059
2.1.11.	Receivables from short sale commitments of marketable securities		-	-	-	-	-	-
2.1.12.	Payables for short sale commitments of marketable securities		-	-	-	-	-	-
2.1.13.	Other irrevocable commitments		29,082,407	-	29,082,407	16,769,602	-	16,769,602
2.2.	Revocable commitments		39,291,932	374,723,876	414,015,808	41,048,681	248,412,889	289,461,570
2.2.1.	Revocable loan granting commitments		39,291,932	374,723,876	414,015,808	41,048,681	248,412,889	289,461,570
2.2.2.	Other revocable commitments		-	-	-	-	-	-
III. 3.1.	DERIVATIVE FINANCIAL INSTRUMENTS Derivative financial instruments held for hedging		201,637,465 -	1,313,375,931 -	1,515,013,396 -	141,908,578 -	1,011,057,639 -	1,152,966,217 -
3.1.1.	Fair value hedges		-	-	-	-	-	-
3.1.2.	Cash flow hedges		-	-	-	-	-	-
3.1.3.	Hedges for investments made in foreign countries		-	-	-	-	-	-
3.2.	Trading transactions		201,637,465	1,313,375,931	1,515,013,396	141,908,578	1,011,057,639	1,152,966,217
3.2.1.	Forward foreign currency purchase and sale transactions		12,535,762	27,668,159	40,203,921	54,500,915	56,200,803	110,701,718
3.2.1.1.	Forward foreign currency purchase transactions		6,288,226	13,838,592	20,126,818	27,309,819	28,108,306	55,418,125
3.2.2.2. 3.2.2.	Forward foreign currency sales Currency and interest rate swaps		6,247,536 165,254,987	13,829,567 823,605,812	20,077,103 988,860,799	27,191,096 81,503,023	28,092,497 660,454,221	55,283,593 741,957,244
3.2.2.1.	Currency swap purchase transactions		57,994,363	230,295,853	288,290,216	41,682,349	189,247,514	230,929,863
3.2.2.2.	Currency swap sale transactions		105,870,624	305,101,755	410,972,379	38,390,674	232,433,119	270,823,793
3.2.2.3.	Interest rate swap purchase transactions		695,000	144,104,102	144,799,102	715,000	119,386,794	120,101,794
3.2.2.4.	Interest rate swap sale transactions		695,000	144,104,102	144,799,102	715,000	119,386,794	120,101,794
3.2.3.	Currency, interest rate and security options		22,818,262	24,502,517	47,320,779	4,876,186	6,355,836	11,232,022
3.2.3.1	Currency purchase options		8,776,980	14,607,403	23,384,383	4,162,656	1,566,034	5,728,690
3.2.3.2 3.2.3.3	Currency sale options Interest rate purchase options		14,041,282 -	9,895,114 -	23,936,396 -	713,530 -	4,789,802 -	5,503,332 -
3.2.3.4	Interest rate sale options		-	-	-	-	-	-
3.2.3.5	Security purchase options		-	-	-	-	-	-
3.2.3.6	Security sale options		-	-	-	-	-	-
3.2.4.	Currency futures		-	-	-	-	-	-
3.2.4.1.	Currency purchases futures		-	-	-	-	-	-
3.2.4.2.	Currency sales futures		-	-	-	-	-	-
3.2.5.	Interest rate futures		-	-	-	-	-	-
3.2.5.1. 3.2.5.2.	Interest rate purchases futures Interest rate sales futures		- -	- -	- -	- -	- -	- -
3.2.6.	Other		1,028,454	437,599,443	438,627,897	1,028,454	288,046,779	289,075,233
B.	CUSTODY AND PLEDGED ITEMS (IV+V+VI)		50,172,619,726	42,761,965,020	92,934,584,746	39,572,332,570	29,289,352,635	68,861,685,205
IV.	ITEMS HELD IN CUSTODY		401,993,847	381,668,954	783,662,801	315,219,713	220,066,493	535,286,206
4.1.	Assets under management		-	-	-	-	-	-
4.2.	Securities held in custody		122,664,564	257,401,880	380,066,444	96,652,693	144,902,368	241,555,061
4.3.	Checks received for collection		125,358,339	11,404,030	136,762,369	112,612,950	4,293,997	116,906,947
4.4. 4.5.	Commercial notes received for collection Other assets received for collection		17,332,601 2,152	14,010,559 1,663	31,343,160 3,815	11,747,134 2,152	14,577,374 1,414	26,324,508 3,566
4.6.	Securities received for public offering		-	-	-	-	-	-
4.7.	Other items under custody		309	78,958,126	78,958,435	309	38,305,602	38,305,911
4.8.	Custodians		136,635,882	19,892,696	156,528,578	94,204,475	17,985,738	112,190,213
V.	PLEDGED ITEMS		7,224,748,659	2,835,729,185	10,060,477,844	5,305,508,194	1,536,545,807	6,842,054,001
5.1.	Marketable securities		3,138,132	3,761,118	6,899,250	505,505	2,881,224	3,386,729
5.2.	Guarantee notes		33,830,839	18,368,188	52,199,027	32,359,271	14,727,029	47,086,300
5.3.	Commodity		575,685,568	72,573,495	648,259,063	454,804,823	37,092,119	491,896,942
5.4.	Warrant		-	-	-	-	-	-
5.5.	Immovables		5,940,650,528	1,701,754,109	7,642,404,637	4,260,887,706	1,256,874,005	5,517,761,711
	Other pledged items		671,105,345	1,039,157,283	1,710,262,628	556,585,004	224,858,827	781,443,831
5.6.
5.7. VI.	Depositories receiving pledged items ACCEPTED GUARANTEES AND WARRANTEES		338,247 42,545,877,220	114,992 39,544,566,881	453,239 82,090,444,101	365,885 33,951,604,663	112,603 27,532,740,335	478,488 61,484,344,998

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2025

(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

	INCOME AND EXPENSE ITEMS	Notes	Current Period January 1, 2025- September 30, 2025	Current Period July 1, 2025- September 30, 2025	Prior Period January 1, 2024- September 30, 2024	Prior Period July 1, 2024- September 30, 2024
I.	INTEREST INCOME	V-IV-1	735,151,118	267,210,312	492,823,136	187,612,425
1.1	Interest on loans	V-IV-1	479,384,434	173,724,441	338,878,521	127,080,498
1.2	Interest received from reserve deposits		68,513,123	24,757,114	26,590,033	13,843,136
1.3	Interest received from banks	V-IV-1	1,007,786	350,215	925,231	319,855
1.4	Interest received from money market transactions		13,057,681	3,936,290	9,167,387	707,828
1.5	Interest received from marketable securities portfolio	V-IV-1	170,450,646	63,399,106	116,554,751	45,468,088
1.5.1	Financial assets at fair value through profit or loss		-	-	199,777	736
1.5.2	Financial assets at fair value through other comprehensive income		94,627,624	31,637,997	52,899,015	21,372,182
1.5.3	Financial assets measured at amortised cost		75,823,022	31,761,109	63,455,959	24,095,170
1.6	Finance lease interest income		-	-	-	-
1.7	Other interest income		2,737,448	1,043,146	707,213	193,020
II.	INTEREST EXPENSES	V-IV-2	649,092,360	230,130,135	436,706,207	167,823,126
2.1	Interest on deposits	V-IV-2	541,151,004	191,258,618	389,193,902	148,767,925
2.2	Interest on funds borrowed	V-IV-2	18,286,952	6,654,997	15,615,069	5,877,175
2.3	Interest on money market transactions		68,408,521	24,333,434	17,353,177	7,620,822
2.4	Interest on securities issued	V-IV-2	19,734,638	7,326,973	12,304,610	5,108,893
2.5	Leasing interest income		1,261,897	474,948	763,515	311,341
2.6	Other interest expenses		249,348	81,165	1,475,934	136,970
III.	NET INTEREST INCOME/EXPENSE (I - II)		86,058,758	37,080,177	56,116,929	19,789,299
IV.	NET FEES AND COMMISSIONS INCOME/EXPENSES		53,320,666	20,604,518	33,175,482	12,040,704
4.1	Fees and commissions received		74,089,012	28,585,488	46,409,550	17,021,115
4.1.1	Non-cash loans		5,133,635	1,917,544	3,864,521	1,341,478
4.1.2	Other		68,955,377	26,667,944	42,545,029	15,679,637
4.2	Fees and commissions paid		20,768,346	7,980,970	13,234,068	4,980,411
4.2.1	Non-cash loans		214	72	230	69
4.2.2	Other		20,768,132	7,980,898	13,233,838	4,980,342
V.	DIVIDEND INCOME		518,012	1,896	115,581	1,379
VI.	TRADING PROFIT/LOSS (Net)	V-IV-3	8,983,929	(1,205,905)	(10,145,039)	452,936
6.1	Profit/losses from capital market transactions	V-IV-3	6,112,691	1,215,174	2,560,545	412,300
6.2	Profit/losses from derivative financial transactions	V-IV-3	(6,038,372)	(4,915,806)	(23,995,987)	(3,003,137)
6.3	Foreign exchange profit/losses	V-IV-3	8,909,610	2,494,727	11,290,403	3,043,773
VII.	OTHER OPERATING INCOME	V-IV-4	51,770,685	6,947,203	40,761,429	6,022,058
VIII.	GROSS PROFIT FROM OPERATING ACTIVITIES (III+IV+V+VI+VII)		200,652,050	63,427,889	120,024,382	38,306,376
IX.	ALLOWANCES FOR EXPECTED CREDIT LOSSES (-)	V-IV-5	63,347,451	16,452,741	33,522,528	9,056,833
X.	OTHER PROVISION EXPENSES (-)	V-IV-5	197,249	(130,750)	639,747	(889,654)
XI.	PERSONNEL EXPENSES (-)		32,168,015	11,388,864	20,685,453	7,960,817
XII.	OTHER OPERATING EXPENSES (-)	V-IV-6	51,122,382	19,305,030	30,553,886	10,806,094
XIII.	NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII)		53,816,953	16,412,004	34,622,768	11,372,286
XIV.	SURPLUS WRITTEN AS GAIN AFTER MERGER		-	-	-	-
XV.	PROFIT/LOSS FROM EQUITY METHOD APPLIED SUBSIDIARIES		-	-	-	-
XVI.	NET MONETORY POSITION GAIN/LOSS		-	-	-	-
XVII.	PROFIT/LOSS BEFORE TAXES FROM CONTINUING OPERATIONS
	(XII++XV)	V-IV-7	53,816,953	16,412,004	34,622,768	11,372,286
XVIII.	PROVISION FOR TAXES ON INCOME FROM CONTINUING OPERATIONS
	(±)	V-IV-8	(11,860,496)	(4,518,675)	(7,408,518)	(3,349,745)
18.1	Current tax provision	V-IV-10	(13,497,670)	764,728	(1,156,543)	7,613,235
18.2	Expense effect of deferred tax (+)	V-IV-10	(25,151,481)	(11,522,952)	(17,747,156)	(13,797,069)
18.3	Income effect of deferred tax (-)	V-IV-10	26,788,655	6,239,549	11,495,181	2,834,089
XIX.	NET PROFIT/LOSS FROM CONTINUING OPERATIONS (XVII±XVIII)	V-IV-9	41,956,457	11,893,329	27,214,250	8,022,541
XX.	INCOME FROM DISCONTINUED OPERATIONS		-	-	-	-
20.1	Income from assets held for sale		-	-	-	-
20.2	Profit from sale of associates, subsidiaries and joint ventures		-	-	-	-
20.3	Other income from discontinued operations		-	-	-	-
XXI.	EXPENSES FROM DISCONTINUED OPERATIONS (-)		-	-	-	-
21.1	Expenses on assets held for sale		-	-	-	-
21.2	Losses from sale of associates, subsidiaries and joint ventures		-	-	-	-
21.3	Other expenses from discontinued operations		-	-	-	-
XXII.	PROFIT/LOSS BEFORE TAXES FROM DISCONTINUED OPERATIONS (XX XXI)		-	-	-	-
XXIII.	TAX PROVISION FOR DISCONTINUED OPERATIONS (±)		-	-	-	-
23.1	Current tax provision		-	-	-	-
23.2	Expense effect of deferred tax (+)		-	-	-	-
23.3	Income effect of deferred tax (-)		-	-	-	-
XXIV.	NET PROFIT/LOSS FROM DISCONTINUED OPERATIONS (XXII±XXIII)		-	-	-	-
XXV.	NET PROFIT/LOSSES (XIX+XXIV)	V-IV-11	41,956,457	11,893,329	27,214,250	8,022,541
25.1	Equity holders of the Bank		-	-	-	-
25.2	Non-controlling interest (-)		-	-	-	-
	Profit/Loss per 100 shares (full TL)	III-XXIV	4.2312	1.1994	2.7445	0.8091

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2025

(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

		Current Period January 1, 2025-	Prior Period January 1, 2024-
	PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME	September 30, 2025	September 30, 2024
I.	PROFIT (LOSS)	41,956,457	27,214,250
II.	OTHER COMPREHENSIVE INCOME	307,482	(306,859)
2.1.	Other comprehensive income that will not be reclassified to profit or loss	856,706	(111,653)
2.1.1.	Gains (Losses) on Revaluation of Property, Plant and Equipment	(7,189)	(39,421)
2.1.2.	Gains (losses) on revaluation of Intangible Assets	-	-
2.1.3.	Gains (losses) on remeasurements of defined benefit plans	-	-
2.1.4.	Other Components of Other Comprehensive Income That Will Not Be Reclassified to Profit or Loss	291,854	(551,504)
2.1.5.	Taxes Relating to Components of Other Comprehensive Income That Will Not Be Reclassified to Profit or Loss	572,041	479,272
2.2.	Other Comprehensive Income That Will Be Reclassified to Profit or Loss	(549,224)	(195,206)
2.1.1.	Exchange Differences on Translation	-	-
2.2.2.	Valuation and/or Reclassification Profit or Loss from financial assets at fair value through other comprehensive income	(785,578)	(291,423)
2.2.3.	Income (Loss) Related with Cash Flow Hedges	-	-
2.2.4.	Income (Loss) Related with Hedges of Net Investments in Foreign Operations	-	-
2.2.5.	Other Components of Other Comprehensive Income that will be Reclassified to Other Profit or Loss	-	-
2.2.6.	Taxes Relating to Components of Other Comprehensive Income That Will Be Reclassified to Profit or Loss	236,354	96,217
III.	TOTAL COMPREHENSIVE INCOME (LOSS) (I+II)	42,263,939	26,907,391

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2025

(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

			STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY					Accumulated Other Comprehensive Income or Expense Not Reclassified through Profit or Loss			Accumulated Other Comprehensive Income or Expense Reclassified through Profit or Loss
		Notes	Paid in Capital	Share Premiums	Share Cancellation Profits	Other Capital Reserves	1	2	3	4	5	6	Profit Reserves	Prior Period Net Income (Loss))	Current Period Net Income (Loss)	Total Shareholders' Equity
	Current Period September 30, 2025
I.	Prior Period End Balance		9,915,922	45,589,048	-	5,526,181	16,770,112	(2,598,344)	17,478,166	80,727	353,184	-	85,704,152	40,375,301	-	219,194,449
II.	Corrections and Accounting Policy Changes Made
	According to TAS 8		-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.1.	Effects of Corrections		-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.2.	Effects of the Changes in
	Accounting Policies		-	-	-	-	-	-	-	-	-	-	-	-	-	-
III.	Adjusted Beginning
	Balance (I+II)		9,915,922	45,589,048	-	5,526,181	16,770,112	(2,598,344)	17,478,166	80,727	353,184	-	85,704,152	40,375,301	-	219,194,449
IV.	Total Comprehensive
	Income		-	-	-	-	564,852	-	291,854	-	(549,224)	-	-	-	41,956,457	42,263,939
V.	Capital Increase by Cash		-	-	-	-	-	-	-	-	-	-	-	-	-	-
VI.	Capital Increase by
	Internal Resources		-	-	-	-	-	-	-	-	-	-	-	-	-	-
VII.	Paid-in capital inflation
	adjustment difference		-	-	-	-	-	-	-	-	-	-	-	-	-	-
IV.	VIII. Convertible Bonds Subordinated Debt		-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Instruments		-	-	-	-	-	-	-	-	-	-	-	-	-	-
X.	Increase/Decrease by Other
	Changes		-	-	-	2,169,894	-	-	-	-	-	-	15,323	(15,323)	-	2,169,894
XI.	Profit Distribution		-	-	-	-	-	-	-	-	-	-	40,359,978	(40,359,978)	-	-
	11.1. Dividends paid		-	-	-	-	-	-	-	-	-	-	-	-	-	-
	11.2. Transfers to Reserves		-	-	-	-	-	-	-	-	-	-	40,359,978	(40,359,978)	-	-
	11.3. Other		-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Ending Balance		9,915,922	45,589,048	-	7,696,075	17,334,964	(2,598,344)	17,770,020	80,727	(196,040)	-	126,079,453	-	41,956,457	263,628,282

^1. Property & Equipment Revaluation Increase/Decrease

^2. Defined Benefit Pension Plan Remeasurement Gain/Loss

^3. Other (Accumulated Amount of the Shares Stated as Other Comprehensive Income Not Reclassified Through Profit or Loss and Components Not Reclassified as Other Profit or Loss of the Investments Valued by Equity Method)

^4. Translation Differences from Foreign Currency Transactions

^5. Accumulated Revaluation and/or Remeasurement Gain/Loss of the Financial Assets at Fair Value Through Other Comprehensive Income

^6. Other (Cash Flow Hedge Income/Loss, Accumulated Amount of the Shares Stated as Other Comprehensive Income Reclassified Through Profit or Loss and Components Reclassified as Other Profit or Loss of the Investments Valued by Equity Method.

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2025

(Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

		STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY					Accumulated Other Comprehensive Income or Expense Not Reclassified through Profit or Loss			Accumulated Other Comprehensive Income or Expense Reclassified through Profit or Loss
		Notes	Paid in Capital	Share Premiums	Share Cancellation Profits	Other Capital Reserves	1	2	3	4	5	6	Profit Reserves	Prior Period Net Income (Loss))	Current Period Net Income (Loss)	Total Shareholders' Equity
	Prior Period
I.	September 30, 2024 Prior Period End Balance		9,915,922	45,589,048	-	2,732,327	11,461,320	(1,942,825)	11,649,930	80,727	6,237,015	-	59,858,743	25,845,407	-	171,427,614
II.	Corrections and Accounting Policy
	Changes Made According to TAS 8		-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.1.	Effects of Corrections		-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.2.	Effects of the Changes in Accounting
	Policies		-	-	-	-	-	-	-	-	-	-	-	-	-	-
III.	Adjusted Beginning Balance (I+II)		9,915,922	45,589,048	-	2,732,327	11,461,320	(1,942,825)	11,649,930	80,727	6,237,015	-	59,858,743	25,845,407	-	171,427,614
IV.	Total Comprehensive Income		-	-	-	-	439,851	-	(551,504)	-	(195,206)	-	-	-	27,214,250	26,907,391
V.	Capital Increase by Cash		-	-	-	-	-	-	-	-	-	-	-	-	-	-
VI.	Capital Increase by Internal Resources		-	-	-	-	-	-	-	-	-	-	-	-	-	-
VII.	Paid-in capital inflation adjustment
	difference		-	-	-	-	-	-	-	-	-	-	-	-	-	-
	VIII. Convertible Bonds		-	-	-	-	-	-	-	-	-	-	-	-	-	-
IV.	Subordinated Debt Instruments		-	-	-	-	-	-	-	-	-	-	-	-	-	-
X.	Increase/Decrease by Other Changes		-	-	-	2,830,932	-	-	-	-	-	-	98,685	(98,683)	-	2,830,934
XI.	Profit Distribution		-	-	-	-	-	-	-	-	-	-	25,746,724	(25,746,724)	-	-
11.1.	Dividends paid		-	-	-	-	-	-	-	-	-	-	-	-	-	-
11.2.	Transfers to Reserves		-	-	-	-	-	-	-	-	-	-	25,746,724	(25,746,724)	-	-
11.3.	Other		-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Ending Balance		9,915,922	45,589,048	-	5,563,259	11,901,171	(1,942,825)	11,098,426	80,727	6,041,809	-	85,704,152	-	27,214,250	201,165,939

• 1. Property & Equipment Revaluation Increase/Decrease
• 1. Defined Benefit Pension Plan Remeasurement Gain/Loss
• 1. Other (Accumulated Amount of the Shares Stated as Other Comprehensive Income Not Reclassified Through Profit or Loss and Components Not Reclassified as Other Profit or Loss of the Investments Valued by Equity Method)
• 1. Translation Differences from Foreign Currency Transactions
• 1. Accumulated Revaluation and/or Remeasurement Gain/Loss of the Financial Assets at Fair Value Through Other Comprehensive Income
• 1. Other (Cash Flow Hedge Income/Loss, Accumulated Amount of the Shares Stated as Other Comprehensive Income Reclassified Through Profit or Loss and Components Reclassified as Other Profit or Loss of the Investments Valued by Equity Method.

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF CASH FLOW

FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2025 (Amounts expressed in thousands of Turkish Lira ("TL") unless otherwise stated.)

		Notes	Current Period September 30, 2025	Prior Period September 30, 2024
A.	CASH FLOWS FROM BANKING OPERATIONS
1.1	Operating profit before changes in operating assets and liabilities		147,951,915	33,141,218
1.1.1	Interests received		677,408,174	442,072,147
1.1.2	Interests paid		(647,413,852)	(433,079,232)
1.1.3	Dividends received		518,012	115,581
1.1.4	Fee and commissions received		61,174,817	36,311,580
1.1.5	Other income		51,742,509	11,621,121
1.1.6	Collections from previously written-off loans and other receivables		15,406,141	5,709,013
1.1.7	Cash payments to personnel and service suppliers		(35,863,315)	(22,844,416)
1.1.8	Taxes paid		(18,821,365)	(11,864,278)
1.1.9	Other		43,800,794	5,099,702
1.2	Changes in operating assets and liabilities		(124,372,876)	111,239,116
1.2.1	Net (Increase) Decrease in Financial Assets at Fair Value through Profit or
	Loss		(5,849,749)	32,213,258
1.2.2	Net increase (decrease) in due from banks		(106,914,030)	(65,534,479)
1.2.3	Net increase (decrease) in loans		(677,810,138)	(280,370,706)
1.2.4	Net increase (decrease) in other assets		(64,175,393)	(75,715,321)
1.2.5	Net increase (decrease) in bank deposits		61,874,296	(31,293,364)
1.2.6	Net increase (decrease) in other deposits		548,402,477	340,291,279
1.2.7	Net increase (decrease) in financial liabilities at fair value through profit or loss		-	-
1.2.8	Net increase (decrease) in funds borrowed		130,546,548	36,653,254
1.2.9	Net increase (decrease) in matured payables		-	-
1.2.10	Net increase (decrease) in other liabilities		(10,446,887)	154,995,195
I.	Net cash flow provided from banking operations		23,579,039	144,380,334
B.	CASH FLOWS FROM INVESTING ACTIVITIES
II.	Net cash provided from investing activities		(178,109,166)	(65,508,185)
2.1	Cash paid for the purchase of associates, subsidiaries and joint ventures		(493,545)	(824,941)
2.2	Cash obtained from the sale of associates, subsidiaries and joint ventures		25,395	6,178
2.3	Cash paid for the purchase of tangible and intangible asset		(10,623,381)	(7,866,866)
2.4	Cash obtained from the sale of tangible and intangible asset		1,728,771	1,192,538
2.5	Cash paid for the purchase of financial assets at fair value through other
	comprehensive income		(98,083,672)	(108,058,990)
2.6	Cash obtained from the sale of financial assets at fair value through other
	comprehensive income		78,674,617	19,976,739
2.7	Cash paid for the purchase of financial assets at amortized cost		(158,575,665)	(1,298,353)
2.8	Cash obtained from sale of financial assets at amortized cost		9,471,202	31,837,437
2.9	Other		(232,888)	(471,927)
C.	CASH FLOWS FROM FINANCING ACTIVITIES
III.	Net cash flow from financing activities		91,499,425	109,528,381
3.1	Cash obtained from funds borrowed and securities issued		102,676,350	116,052,646
3.2	Cash outflow from funds borrowed and securities issued		(9,166,972)	(5,298,663)
3.3	Equity instruments issued		-	-
3.4	Dividends paid		-	-
3.5	Payments for finance lease liabilities		(2,009,953)	(1,225,602)
3.6	Other		-	-
IV.	Effect of change in foreign exchange rate on cash and cash equivalents		259,483	(353,993)
V.	Net increase/decrease in cash and cash equivalents		(62,771,219)	188,046,537
VI.	Cash and cash equivalents at beginning of the period		703,848,195	334,068,851
VII.	Cash and cash equivalents at end of the period		641,076,976	522,115,388