TÜRKİYE VAKIFLAR BANKASI T.A.O.

Annual / Quarterly Financial Statement • Nov 6, 2025

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS OF SEPTEMBER 30, 2025

				Current Period September 30, 2025			Prior Period December 31, 2024
	ASSETS	Notes	TL	FC	Total	TL	FC	Total
I.	FINANCIAL ASSETS (Net)		790,008,005	815,577,568	1,605,585,573	854,432,758	688,420,609	1,542,853,367
1.1	Cash and cash equivalents	V-I-1	431,608,862	587,284,769	1,018,893,631	566,838,671	402,731,154	969,569,825
1.1.1	Cash and balances with Central Bank	V-I-1	329,703,989	494,161,649	823,865,638	436,903,262	331,592,662	768,495,924
1.1.2	Banks	V-I-3	188,696	93,477,056	93,665,752	277,797	71,489,842	71,767,639
1.1.3	Receivables from Money Markets		101,721,356	-	101,721,356	129,664,820	-	129,664,820
1.1.4	Allowance for expected credit losses (-)	V-I-16	5,179	353,936	359,115	7,208	351,350	358,558
1.2	Financial assets at fair value through profit or loss	V-I-2	8,683,673	6,672,031	15,355,704	1,513,122	1,098,050	2,611,172
1.2.1	Public debt securities		722,315	5,277,939	6,000,254	6,047	-	6,047
1.2.2	Equity instruments		915,485	1,394,092	2,309,577	300,178	1,098,050	1,398,228
1.2.3	Other financial assets		7,045,873	-	7,045,873	1,206,897	-	1,206,897
1.3	Financial assets at fair value through other
	comprehensive income	V-I-4	323,742,436	204,856,413	528,598,849	262,962,483	281,262,406	544,224,889
1.3.1	Public debt securities		323,346,191	196,658,787	520,004,978	261,058,218	276,131,108	537,189,326
1.3.2	Equity instruments		396,245	61,457	457,702	253,044	48,675	301,719
1.3.3	Other financial assets		-	8,136,169	8,136,169	1,651,221	5,082,623	6,733,844
1.4	Derivative financial assets		25,973,034	16,764,355	42,737,389	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	16,764,355	42,737,389	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
	COST (Net)		2,158,521,431	1,143,495,681	3,302,017,112	1,633,962,923	775,014,947	2,408,977,870
2.1	Loans	V-I-5	1,714,835,637	1,038,110,458	2,752,946,095	1,293,519,702	745,737,955	2,039,257,657
2.2	Receivables from leasing transactions	V-I-10	11,148,967	14,936,888	26,085,855	13,716,351	10,758,937	24,475,288
2.3	Factoring receivables		22,623,253	7,307,289	29,930,542	27,560,321	4,961,620	32,521,941
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 (-)		76,658,720	19,232,978	95,891,698	53,079,698	16,794,413	69,874,111
III.	NON-CURRENTS ASSETS OR DISPOSAL GROUPS
	"HELD FOR SALE" AND "FROM DISCONTINUED
	OPERATIONS (Net)	V-I-14	4,403,372	-	4,403,372	1,076,195	-	1,076,195
3.1	Held for sale purpose		4,403,372	-	4,403,372	1,076,195	-	1,076,195
3.2	Related to discontinued operations		-	-	-	-	-	-
IV.	INVESTMENTS IN ASSOCIATES, SUBSIDIARIES
	AND JOINT VENTURES		12,697,842	3	12,697,845	11,230,607	3	11,230,610
4.1	Investments in associates (Net)	V-I-7	9,413,277	3	9,413,280	8,388,762	3	8,388,765
4.1.1	Associates accounted by using equity method		4,105,033	-	4,105,033	3,036,820	-	3,036,820
4.1.2	Unconsolidated associates		5,308,244	3	5,308,247	5,351,942	3	5,351,945
4.2	Investments in subsidiaries (Net)	V-I-8	3,284,565	-	3,284,565	2,841,845	-	2,841,845
4.2.1	Unconsolidated financial subsidiaries		-	-	-	-	-	-
4.2.2	Unconsolidated non-financial subsidiaries		3,284,565	-	3,284,565	2,841,845	-	2,841,845
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)		46,785,862	128,701	46,914,563	40,055,430	135,233	40,190,663
VI.	INTANGIBLE ASSETS AND GOODWILL (Net)		1,428,687	292,622	1,721,309	1,334,027	15,468	1,349,495
6.1	Goodwill		2,446	-	2,446	3,288	-	3,288
6.2	Other		1,426,241	292,622	1,718,863	1,330,739	15,468	1,346,207
VII.	INVESTMENT PROPERTIES (Net)	V-I-12	21,684,576	-	21,684,576	18,803,793	-	18,803,793
VIII.	CURRENT TAX ASSETS		3,851,058	-	3,851,058	884,331	-	884,331
IX.	DEFERRED TAX ASSETS	V-I-13	7,158,030	109,703	7,267,733	4,776,043	122,618	4,898,661
X.	OTHER ASSETS (Net)	V-I-15	86,627,929	12,379,853	99,007,782	55,629,009	7,681,487	63,310,496
	TOTAL ASSETS		3,133,166,792	1,971,984,131	5,105,150,923	2,622,185,116	1,471,390,365	4,093,575,481

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS OF SEPTEMBER 30, 2025

				Current Period	Prior Period December 31, 2024
				September 30, 2025
	LIABILITIES AND EQUITY	Notes	TL	FC	Total	TL	FC	Total
I.	DEPOSITS	V-II-1	2,210,219,435	952,254,788	3,162,474,223	1,861,033,430	698,677,101	2,559,710,531
II.	BORROWINGS	V-II-3	61,730,669	389,625,617	451,356,286	54,499,820	241,653,371	296,153,191
III.	MONEY MARKET FUNDS		300,287,123	248,145,221	548,432,344	278,255,815	230,302,498	508,558,313
IV.	MARKETABLE SECURITIES ISSUED (Net)	V-II-3	605,946	291,971,446	292,577,392	5,784,837	207,916,445	213,701,282
4.1	Bills		605,946	-	605,946	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	V-II-2	3,317,233	4,884,487	8,201,720	1,901,202	4,908,968	6,810,170
7.1	Derivative financial liabilities at fair value through profit
	or loss		3,317,233	4,884,487	8,201,720	1,901,202	4,908,968	6,810,170
7.2	Derivative financial liabilities at fair value through other
	comprehensive income		-	-	-	-	-	-
VIII.	FACTORING PAYABLES		-	5,965	5,965	368	8	376
IX.	LEASE PAYABLES (Net)	V-II-5	7,343,812	-	7,343,812	5,430,447	1,602	5,432,049
X.	PROVISIONS	V-II-7	19,378,440	623,518	20,001,958	27,840,818	608,023	28,448,841
10.1	Provision for restructuring		-	-	-	-	-	-
10.2	Reserves for employee benefits		12,819,850	46,816	12,866,666	10,785,006	24,842	10,809,848
10.3	Insurance technical reserves (Net)		-	-	-	-	-	-
10.4	Other provisions		6,558,590	576,702	7,135,292	17,055,812	583,181	17,638,993
XI.	CURRENT TAX LIABILITIES	V-II-8	18,569,089	26,337	18,595,426	10,980,772	33,558	11,014,330
XII.	DEFERRED TAX LIABILITIES	V-II-8	2,162,371	-	2,162,371	2,165,638	-	2,165,638
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	165,771,741	38,864,541	204,636,282	114,920,128	25,537,794	140,457,922
XVI.	SHAREHOLDERS` EQUITY	V-II-11	277,840,547	9,457,404	287,297,951	227,284,331	8,914,396	236,198,727
16.1	Paid-in capital	V-II-11	9,915,922	-	9,915,922	9,915,922	-	9,915,922
16.2	Capital reserves		46,054,352	-	46,054,352	46,120,305	-	46,120,305
16.2.1	Equity share premiums		45,601,513	-	45,601,513	45,601,513	-	45,601,513
16.2.2	Share cancellation profits		-	-	-	-	-	-
16.2.3	Other capital reserves		452,839	-	452,839	518,792	-	518,792
16.3	Other accumulated comprehensive income that will not be
	reclassified in profit or loss		21,931,561	-	21,931,561	21,373,077	-	21,373,077
16.4	Other accumulated comprehensive income that will be
	reclassified in profit or loss		(5,243,483)	8,685,356	3,441,873	(5,282,410)	8,166,615	2,884,205
16.5	Profit reserves		132,381,349	46,684	132,428,033	89,407,456	46,684	89,454,140
16.5.1	Legal reserves		14,030,924	46,684	14,077,608	9,623,799	46,684	9,670,483
16.5.2	Statutory reserves		6,337	-	6,337	6,337	-	6,337
16.5.3	Extraordinary reserves		116,581,942	-	116,581,942	78,033,601	-	78,033,601
16.5.4	Other profit reserves		1,762,146	-	1,762,146	1,743,719	-	1,743,719
16.6	Profit or loss		60,577,985	725,364	61,303,349	55,653,066	701,097	56,354,163
16.6.1	Prior years' profits or losses		12,656,637	209,391	12,866,028	6,595,570	565,749	7,161,319
16.6.2	Current period net profit or loss		47,921,348	515,973	48,437,321	49,057,496	135,348	49,192,844
16.7	Minority interests		12,222,861	-	12,222,861	10,096,915	-	10,096,915
	TOTAL LIABILITIES AND EQUITY		3,080,215,968	2,024,934,955	5,105,150,923	2,602,312,561	1,491,262,920	4,093,575,481

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED OFF-BALANCE SHEET ITEMS AS OF SEPTEMBER 30, 2025

Notes TL FC Total TL FC Total OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES A. (I+II+III) 1,923,670,459 2,357,452,940 4,281,123,399 1,394,597,011 1,775,084,875 I. GUARANTEES AND SURETIES V-III-2 431,574,240 407,090,462 838,664,702 353,636,576 333,012,897 686,649,473 1.1. Letters of guarantee V-III-1 426,721,535 275,381,185 702,102,720 349,306,327 210,557,012 559,863,339 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 1.1.3. Other letters of guarantee 383,911,255 121,714,659 505,625,914 320,697,767 96,704,329 1.2. Bank acceptances 4,258 7,765,227 7,769,485 4,258 6,963,856 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 1.3.1. Documentary letters of credit 175,187 113,842,758 114,017,945 187,484 107,498,532 1.3.2. Other letters of credit - - - - - 1.4. Pre-financings given as guarantee - 33,071 33,071 - 28,122 28,122 1.5. Endorsements - - - - - 1.5.1. Endorsements to the Central Bank of the Republic of Türkiye - - - - - 1.5.2. Other endorsements - - - - - 1.6. Purchase guarantees for securities issued - - - - - 1.7. Factoring guarantees 4,470,731 6,225,139 10,695,870 3,234,386 4,838,895 8,073,281 1.8. Other guarantees 202,529 728,988 931,517 204,121 556,188 1.9. Other warrantees - 3,114,094 3,114,094 700,000 2,570,292 II. COMMITMENTS 1,290,458,754 622,856,748 1,913,315,502 899,051,857 429,351,840 1,328,403,697 2.1. Irrevocable commitments V-III-1 1,251,166,822 248,132,872 1,499,299,694 858,003,176 180,938,951 1,038,942,127 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-1 399,801,312 370,581 400,171,893 296,760,473 279,906 297,040,379 2.1.5. Securities issuance brokerage commitments - - - - - 2.1.6. Commitments for reserve deposit requirements - - - - - 2.1.7. Commitments for check payments V-III-1 19,622,212 - 19,622,212 14,787,396 - 2.1.8. Tax and fund liabilities from export commitments - - - - - 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 on marketable securities - - - - - 2.1.12. Payables for short sale commitments on marketable securities - - - - - 2.1.13. Other irrevocable commitments 39,987,056 6,630,403 46,617,459 30,823,552 5,526,314 36,349,866 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. DERIVATIVE FINANCIAL INSTRUMENTS 201,637,465 1,327,505,730 1,529,143,195 141,908,578 1,012,720,138 3.1. Derivative financial instruments held for hedging - - - - - 3.1.1. Fair value hedges - - - - - 3.1.2. Cash flow hedges - - - - - 3.1.3. Hedging for investments made in foreign countries - - - - - 3.2. Trading transactions 201,637,465 1,327,505,730 1,529,143,195 141,908,578 1,012,720,138 1,154,628,716 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 3.2.1.2. Forward foreign currency sales 6,247,536 13,829,567 20,077,103 27,191,096 28,092,497 3.2.2. Currency and interest rate swaps 165,254,987 837,735,611 1,002,990,598 81,503,023 662,116,720 3.2.2.1. Currency swap purchase transactions 57,994,363 237,399,057 295,393,420 41,682,349 190,068,463 231,750,812 3.2.2.2. Currency swap sale transactions 105,870,624 312,128,350 417,998,974 38,390,674 233,274,669 271,665,343 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 3.2.3. Currency, interest rate and security options 22,818,262 24,502,517 47,320,779 4,876,186 6,355,836 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 Currency sale options 14,041,282 9,895,114 23,936,396 713,530 4,789,802 5,503,332 3.2.3.3 Interest rate purchase options - - - - - 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 purchase futures - - - - - 3.2.4.2. Currency sales futures - - - - - 3.2.5. Interest rate futures - - - - - 3.2.5.1. Interest rate purchases futures - - - - - 3.2.5.2. Interest rate sales futures - - - - - 3.2.6. Other 1,028,454 437,599,443 438,627,897 1,028,454 288,046,779 B. CUSTODY AND PLEDGED ITEMS (IV+V+VI) 50,333,093,206 42,860,324,221 93,193,417,427 39,712,831,240 29,360,361,286 IV. ITEMS HELD IN CUSTODY 562,467,327 480,028,155 1,042,495,482 455,709,983 291,075,144 746,785,127 4.1. Customer fund and portfolio balances 20,315,191 - 20,315,191 17,397,844 - 17,397,844 4.2. Securities held in custody 172,205,008 257,401,880 429,606,888 148,688,118 144,902,368 293,590,486 4.3. Checks received for collection 132,647,495 12,045,412 144,692,907 121,410,786 4,650,966 4.4. Commercial notes received for collection 99,661,505 17,073,235 116,734,740 73,092,148 17,325,045 4.5. Other assets received for collection 2,152 1,663 3,815 2,152 1,414 3,566 4.6. Securities received for public offering - - - - - 4.7. Other items under custody 993,330 173,613,269 174,606,599 901,574 106,209,613 4.8. Custodians 136,642,646 19,892,696 156,535,342 94,217,361 17,985,738 V. PLEDGED ITEMS 7,224,748,659 2,835,729,185 10,060,477,844 5,305,516,594 1,536,545,807 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 32,367,671 14,727,029 47,094,700 5.3. Commodity 575,685,568 72,573,495 648,259,063 454,804,823 37,092,119 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 5.6. Other pledged items 671,105,345 1,039,157,283 1,710,262,628 556,585,004 224,858,827 781,443,831 5.7. Depositories receiving pledged items 338,247 114,992 453,239 365,885 112,603 478,488 VI. ACCEPTED GUARANTEES AND WARRANTEES 42,545,877,220 39,544,566,881 82,090,444,101 33,951,604,663 27,532,740,335 TOTAL OFF-BALANCE SHEET COMMITMENTS (A+B) 52,256,763,665 45,217,777,161 97,474,540,826 41,107,428,251 31,135,446,161			Current Period	Prior Period
			September 30, 2025			December 31, 2024
							3,169,681,886
							134,926,549
							417,402,096
							107,686,016
							107,686,016
							-
							-
							-
							-
							-
							760,309
							3,270,292
							-
							-
							-
							-
							14,787,396
							-
							-
							-
							-
							1,154,628,716
							- -
							-
							-
							55,283,593
							743,619,743
							120,101,794
							11,232,022
							-
							-
							-
							- -
							-
							-
							-
							- -
							289,075,233
							69,073,192,526
							126,061,752
							90,417,193
							-
							107,111,187
							112,203,099
							6,842,062,401
							491,896,942
							-
							5,517,761,711
							61,484,344,998
							72,242,874,412

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED 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.)

			Current Period	Current Period	Prior Period	Prior Period
			January 1, 2025-	July 1, 2025-	January 1, 2024-	July 1, 2024-
	INCOME AND EXPENSE ITEMS	Notes	September 30, 2025	September 30, 2025	September 30, 2024	September 30, 2024
I.	INTEREST INCOME	V-IV-1	744,563,256	271,012,549	502,225,477	191,037,488
1.1	Interest on loans	V-IV-1	483,137,720	175,460,615	342,216,137	128,311,435
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	1,277,870	483,447	1,365,601	484,545
1.4 1.5	Interest received from money market transactions Interest received from marketable securities portfolio	V-IV-1	13,503,123 170,939,271	4,112,292 63,617,877	9,195,503 116,802,062	731,985 45,552,049
1.5.1	Financial assets at fair value through profit or loss		91,910	59,412	212,017	1,048
1.5.2	Financial assets at fair value through other comprehensive income		95,024,339	31,797,356	53,134,086	21,455,831
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		4,367,130	1,511,121	5,250,189	1,884,507
1.7	Other interest income		2,825,019	1,070,083	805,952	229,831
II.	INTEREST EXPENSES (-)	V-IV-2	651,467,478	231,446,942	439,907,547	168,939,210
2.1	Interest on deposits	V-IV-2	540,635,450	191,082,618	389,016,652	148,678,604
2.2 2.3	Interest on funds borrowed Interest on money market transactions	V-IV-2	21,281,373 68,525,938	8,176,583 24,370,499	18,829,499 17,580,561	7,095,475 7,708,624
2.4	Interest on securities issued	V-IV-2	19,839,797	7,379,415	12,470,773	5,108,893
2.5	Leasing interest income		861,795	319,415	530,710	209,054
2.6	Other interest expenses		323,125	118,412	1,479,352	138,560
III.	NET INTEREST INCOME/EXPENSE (I - II)		93,095,778	39,565,607	62,317,930	22,098,278
IV.	NET FEES AND COMMISSIONS INCOME/EXPENSES		52,662,177	20,310,458	32,146,776	11,812,366
4.1	Fees and commissions received		73,540,773	28,344,604	45,492,790	16,824,310
4.1.1	Non-cash loans		5,127,190	1,916,085	3,859,270	1,340,079
4.1.2	Other		68,413,583	26,428,519	41,633,520	15,484,231
4.2	Fees and commissions paid (-)		20,878,596	8,034,146	13,346,014	5,011,944
4.2.1 4.2.2	Non-cash loans Other		36,793 20,841,803	13,551 8,020,595	85,527 13,260,487	22,475 4,989,469
V.	DIVIDEND INCOME		254,069	2,049	123,283	1,462
VI.	TRADING PROFIT/LOSS (Net)	V-IV-3	9,728,584	(924,016)	(9,830,173)	657,094
6.1	Profit/losses from capital market transactions	V-IV-3	6,174,922	1,237,948	2,631,631	437,542
6.2	Profit/losses from derivative financial transactions	V-IV-3	(5,969,282)	(4,915,806)	(23,996,993)	(3,004,143)
6.3	Foreign exchange profit/losses	V-IV-3	9,522,944	2,753,842	11,535,189	3,223,695
VII.	OTHER OPERATING INCOME	V-IV-4	56,865,910	7,374,607	51,309,424	8,944,092
VIII.	GROSS PROFIT FROM OPERATING ACTIVITIES
	(III+IV+V+VI+VII)		212,606,518	66,328,705	136,067,240	43,513,292
IX.	ALLOWANCES FOR EXPECTED CREDIT LOSSES (-)	V-IV-5	64,122,291	16,162,605	33,838,471	9,142,357
X. XI.	OTHER PROVISION EXPENSES (-) PERSONNEL EXPENSES (-)	V-IV-5	201,488 33,144,752	(145,397) 11,733,529	645,221 21,370,912	(889,364) 8,191,548
XII.	OTHER OPERATING EXPENSES (-)	V-IV-6	51,961,509	19,515,250	33,164,001	11,488,476
XIII.	NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII)		63,176,478	19,062,718	47,048,635	15,580,275
XIV.	SURPLUS WRITTEN AS GAIN AFTER MERGER		-	-	-	-
XV.	PROFIT/LOSS FROM EQUITY METHOD APPLIED
	SUBSIDIARIES		867,624	267,933	638,840	244,468
XVI.	NET MONETORY POSITION GAIN/LOSS		-	-	-	-
XVII.	PROFIT/LOSS BEFORE TAXES FROM CONTINUING
	OPERATIONS (XIII++XVI)	V-IV-7	64,044,102	19,330,651	47,687,475	15,824,743
XVIII.	PROVISION FOR TAXES ON INCOME FROM CONTINUING OPERATIONS (±)	V-IV-8	(13,481,913)	(4,904,506)	(9,019,611)	(3,985,820)
18.1	Current tax provision	V-IV-10	(15,043,868)	185,058	(2,638,551)	7,104,926
18.2	Expense effect of deferred tax (+)	V-IV-10	(25,253,054)	(11,322,909)	(17,920,903)	(13,921,328)
18.3	Income effect of deferred tax (-)	V-IV-10	26,815,009	6,233,345	11,539,843	2,830,582
XIX.	NET PROFIT/LOSS FROM CONTINUING OPERATIONS
	(XVII±XVIII)	V-IV-9	50,562,189	14,426,145	38,667,864	11,838,923
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. 21.1	EXPENSES FROM DISCONTINUED OPERATIONS (-) 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	50,562,189	14,426,145	38,667,864	11,838,923
25.1	Group's profit/(loss)		48,437,321	13,950,574	34,877,744	10,611,306
25.2	Profit /(Loss) from Minority shares (-)		2,124,868	475,571	3,790,120	1,227,617
	Profit/Loss per 100 shares (full TL)	III-XXIV	5.0991	1.4544	3.8996	1.1940

The accompanying explanations and notes form an integral part of these consolidated financial statements.

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

	PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME	Current Period January 1, 2025- September 30, 2025	Prior Period January 1, 2024- September 30, 2024
I.	PROFIT (LOSS)	50,562,189	38,667,864
II.	OTHER COMPREHENSIVE INCOME	1,124,311	505,591
2.1.	Other comprehensive income that will not be reclassified to profit or loss	566,643	(441,105)
2.1.1.	Gains (Losses) on Revaluation of Property, Plant and Equipment	35,868	(11,179)
2.1.2.	Gains (losses) on revaluation of Intangible Assets	-	-
2.1.3.	Gains (losses) on remeasurements of defined benefit plans	3,019	(3,334)
2.1.4.	Other Components of Other Comprehensive Income That Will Not Be Reclassified to Profit or Loss	(43,317)	(908,472)
2.1.5.	Taxes Relating to Components of Other Comprehensive Income That Will Not Be Reclassified to Profit or Loss	571,073	481,880
2.2.	Other Comprehensive Income That Will Be Reclassified to Profit or Loss	557,668	946,696
2.2.1.	Exchange Differences on Translation	1,404,987	414,698
2.2.2.	Valuation and/or Reclassification Profit or Loss from financial assets at fair value through other comprehensive income	(626,398)	143,025
2.2.3.	Income (Loss) Related with Cash Flow Hedges	-	-
2.2.4.	Income (Loss) Related with Hedges of Net Investments in Foreign Operations	(613,895)	267,290
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	392,974	121,683
III.	TOTAL COMPREHENSIVE INCOME (I+II)	51,686,500	39,173,455

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

Prior Current Total SE Share Other Period Period Except Paid in Share Cancellation Capital Profit Profit or Profit or minority Minority Notes Capital Premium Profits Reserves 1 2 3 4 5 6 Reserves (Loss) (Loss) share interest Current Period September 30, 2025 I. Prior Period End Balance 9,915,922 45,601,513 - 518,792 17,464,708 (2,616,757) 6,525,126 2,915,620 181,260 (212,675) 89,454,140 56,354,163 - 226,101,812 10,096,915 II. Corrections and Accounting Policy Changes Made According to TAS 8 - - - - - - - - - - - - - - - 2.1. Effects of Corrections - - - - - - - - - - - - - - - Effects of the Changes in 2.2. Accounting Policies - - - - - - - - - - - - - - - III. Adjusted Beginning Balance (I+II) 9,915,922 45,601,513 - 518,792 17,464,708 (2,616,757) 6,525,126 2,915,620 181,260 (212,675) 89,454,140 56,354,163 - 226,101,812 10,096,915 IV. Total Comprehensive Income - - - - 597,544 1,634 (40,694) 1,404,987 (417,592) (429,727) - - 48,437,321 49,553,473 2,133,027 V. Capital Increase by Cash - - - - - - - - - - - - - - - VI. Capital Increase by Internal Resources - - - - - - - - - - - - - - - VII. Paid-in capital inflation adjustment difference - - - - - - - - - - - - - - - VIII. Convertible Bonds - - - - - - - - - - - - - - - IX. Subordinated Debt Instruments - - - - - - - - - - - - - - - X. Increase/Decrease by Other Changes - - - (66,783) - - - - - - (545,577) 32,165 - (580,195) (6,993) XI. Profit Distribution - - - 830 - - - - - - 43,519,470 (43,520,300) - - (88) 11.1. Dividends paid - - - - - - - - - - - - - - (88) 11.2. Transfers to Reserves - - - - - - - - - - 43,409,760 (43,409,760) - - -					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
																		Total Shareholders' Equity
																		236,198,727
																		-
																		-
																		-
																		236,198,727
																		51,686,500
																		-
																		-
																		-
																		-
																		-
																		(587,188)
																		(88)
																		(88) -
	11.3.	Other	-	-	-	830	-	-	-	-	-	-	109,710	(110,540)	-	-	-	-
Ending Balance 9,915,922 45,601,513 - 452,839 18,062,252 (2,615,123) 6,484,432 4,320,607 (236,332) (642,402) 132,428,033 12,866,028 48,437,321 275,075,090 12,222,861																		287,297,951

^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 AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2025

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
			Paid in	Share	Share Cancellation	Other Capital							Profit	Prior Period Profit or	Current Period Profit or	Total SE Except minority		Total Shareholders'
	Prior Period	Notes	Capital	Premium	Profits	Reserves	1	2	3	4	5	6	Reserves	(Loss)	(Loss)		share Minority interest	Equity
	September 30, 2024
I.	Prior Period End Balance			9,915,922 45,589,989	-		(427,009) 11,966,716	(1,955,463)	5,220,355	2,644,546	5,671,208		(675,052) 62,087,804	35,229,085		- 175,268,101	5,607,597	180,875,698
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 45,589,989	-		(427,009) 11,966,716	(1,955,463)	5,220,355	2,644,546	5,671,208		(675,052) 62,087,804	35,229,085		- 175,268,101	5,607,597	180,875,698
IV.	Total Comprehensive
	Income		-	-	-	-	463,024	(2,980)	(906,164)	414,698	142,380	389,618	-		- 34,877,744	35,378,320	3,795,135	39,173,455
V.	Capital Increase by Cash		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
VI.	Capital Increase by Internal
	Resources		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
VII.	Paid-in capital inflation
	adjustment difference		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
IX.	VIII. Convertible Bonds Subordinated Debt		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Instruments		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
X.	Increase/Decrease by Other
	Changes		-	11,524	-	937,442	-	-	-	-	-	-	(423,461)	(123,296)	-	402,209	(348,636)	53,573
XI.	Profit Distribution		-	-	-	8,359	-	-	-	-	-		- 27,790,683	(28,001,518)	-	(202,476)	625,193	422,717
	11.1. Dividends paid		-	-	-	-	-	-	-	-	-	-	-	-	-	-	(71)	(71)
	11.2. Transfers to Reserves		-	-	-	-	-	-	-	-	-		- 27,707,160	(27,931,364)	-	(224,204)	625,264	401,060
	11.3. Other		-	-	-	8,359	-	-	-	-	-	-	83,523	(70,154)	-	21,728	-	21,728
	Ending Balance			9,915,922 45,601,513	-		518,792 12,429,740	(1,958,443)	4,314,191	3,059,244	5,813,588		(285,434) 89,455,026		7,104,271 34,877,744 210,846,154		9,679,289	220,525,443

^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 AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOW FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2025

	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	153,378,882	36,468,569
1.1.1	Interest received	686,444,352	451,236,543
1.1.2	Interest paid	(649,819,550)	(436,280,572)
1.1.3	Dividends received	254,069	123,283
1.1.4	Fee and commissions received	60,626,578	35,394,820
1.1.5	Other income	53,417,387	15,792,719
1.1.6	Collections from previously written off loans and other receivables	16,051,376	5,749,742
1.1.7	Cash payments to personnel and service suppliers	(36,865,711)	(23,545,688)
1.1.8	Taxes paid	(19,191,963)	(11,915,120)
1.1.9	Other	42,462,344	(87,158)
1.2	Changes in operating assets and liabilities subject to banking operations	(125,663,239)	109,737,708
1.2.1	Net (Increase) Decrease in Financial Assets at Fair Value through Profit or Loss	(11,735,214)	32,864,597
1.2.2	Net increase (decrease) in due from banks	(106,914,030)	(65,534,479)
1.2.3	Net increase (decrease) in loans	(689,326,122)	(275,503,690)
1.2.4	Net increase (decrease) in other assets	(66,412,011)	(74,953,322)
1.2.5	Net increase (decrease) in bank deposits	61,961,575	(31,327,335)
1.2.6	Net increase (decrease) in other deposits	552,126,765	341,435,170
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	138,486,892	32,355,810
1.2.9	Net increase (decrease) in matured payables	-	-
1.2.10	Net increase (decrease) in other liabilities	(3,851,094)	150,400,957
I.	Net cash flow provided from banking operations	27,715,643	146,206,277
B.	CASH FLOWS FROM INVESTING ACTIVITIES
II.	Net cash provided from investing activities	(178,787,861)	(65,777,711)
2.1	Cash paid for the purchase of associates, subsidiaries and joint ventures	(493,545)	-
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	(10,800,111)	(8,566,124)
2.4	Cash obtained from the sale of tangible and intangible asset	1,729,294	1,242,038
2.5	Cash paid for the purchase of financial assets at fair value through other comprehensive income	(100,366,597)	(108,970,573)
2.6	Cash obtained from the sale of financial assets at fair value through other comprehensive income	80,750,346	20,461,052
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	(528,180)	(489,366)
C.	CASH FLOWS FROM FINANCING ACTIVITIES
III.	Net cash flows from financing activities	91,846,598	106,628,127
3.1	Cash obtained from funds borrowed and securities issued	103,137,483	116,052,646
3.2	Cash outflow from funds borrowed and securities issued	(9,166,972)	(8,150,144)
3.3	Equity instruments issued	-	-
3.4	Dividends paid	-	-
3.5	Payments for finance lease liabilities	(2,123,913)	(1,274,375)
3.6	Other	-	-
IV.	Effect of change in foreign exchange rate on cash and cash equivalents	1,929,769	53,232
V.	Net increase/decrease in cash and cash equivalents	(57,295,851)	187,109,925
VI.	Cash and cash equivalents at beginning of the period	705,025,225	336,682,989
VII.	Cash and cash equivalents at end of the period	647,729,374	523,792,914