The Industrial Development Bank of Türkiye

Earnings Presentation

2Q-25 Bank-only Results

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>> 2Q25 Summary: TSKB's differentiating performance continues

New long term loan disbursements, in line with targets, surpassing USD 1.1 bn during 1H

Superior asset quality with NPL ratio below 1%, net COR-81 bps

Strong liquidity supported by new funding engagements:

EUR 50 mn from OPEC (MOTF guaranteed)
· USD 200 mn from AIIB (MOTF guaranteed)
- EUR 25 mn from OeEB
- USD 75 mn from EBRD
USD 350 mn Eurobond issuance

Robust profitability metrics overbeating the year-end quidance:

· Strong NIM (5.7%) maintained gog
ROE (31.3%) well above the sector

Turkiye Green Fund's first equity investment to a wind turbine manufacturer was realized.

Continuous with comfortable solvency buffers supporting our growth strategy

>> Outstanding 1H25 Performance vs YE-25 Guidance

Financial Guidance	1H-25 Figures	YE25 Guidance	Outlook		Development
(Bank Only)	%	%	%		Impact Oriented
Growth					Growth Strategy
FX Adjusted Loan Growth	4.5	Low Teens	On track	Buoyant Funding
Profitability				Activities to Support
Net Interest Margin	5.7	~5	Upward	Sustainable Growth
Fees & Commissions Growth	-45	S CPI	Downward		Resilient and
Return On Equity*	31.3	~30	On track		Solid
Efficiency					Profitability
OPEX Growth	59	> CPI	Upward	Superior Risk
Solvency**				Profile and Asset Quality
Capital Adequacy Ratio	203	2240	On track
Tier Ratio	19.2	22000	On track		Robust & Comfortable
Asset Quality		Solvency
NPL Ratio	0.9	< 245	Downward		Buffers
Net Cost of Risk (excluding currency impact)	-81 bps	<50 bps	Downward

* ROE calculation excludes non-recurring items when annualizing net income for the remaining quarters of the year **Excluding BRSA's measures

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> Superior QoQ and YoY Earnings Performance well above the sector

* Non-recurring items are not annualized while calculating ROE

> Remarkable Earnings Performance with robust NII generation as well as strong collections and subsidiary income

ILmn	1H-24	1 H-25	YoY
Net Interest Income	5,302	6,988	32%
NII exc. CPI Linker Income	5,800	6,176	6%
Irading Income	୧୫୧	625	-9%
Net Fees & Commissions	294	162	-45%
Other Income (Inc. Dividend)	175	2,186	1152%
Banking Income	6,455	9,961	54%
OPEX (-)	1,010	1,605	59%
Net Banking Income	5,445	8,356	53%
Provisions (-)	ર્દિત	1,248	92%
Income From Participations	1,037	1, 329	28%
Tax Provisions (-)	1,427	1,962	37%
Net Profit	4,403	6,475	47%

* Based on MIS data

· Interest expense of long and short tem swaps, valuations for Eurobonds issued and exchange differences arising from rediscounts are adjusted under NI

Provisions include Expected Credit Losses in the audited P&L excluding impairment expenses of marketable securities

✓ ✓ ✓ ✓ ✓

> Resilient Composition of Our Healthy Growing Assets

Asset Composition - TL bn

2Q-25 Loans by Currency

Total Loans - TL bn

>> Real Loan Growth of ~4.5% with Sustainable Development Focus

Outstanding Loan Portfolio by sector 2Q-25

* Renewable Energy Loans

**Non-Residential Real Estate, Automotive, Holding, Telecom/Technology and others

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> Proactive and Strategic Asset Liability Management backs our NIM

TL Securities Portfolio Breakdown*

>>, NIM continues to stay solid and boosts our strong earnings performance

√ Strong and resilient NII generation, up by 22% qoq
Front-loaded security investment .
6M solid loan volume .
✓ NII exc. CPI was up by 16% qoq

*IEA Evolution can be seen in the Appendix

√ Continued expansion in the core NIM
Oct-Oct. CPI assumption is 30.8%

>> Maintained Strong Solvency metrics supports our growth strategy

Evolution of RWA and Equity – TL bn

Total Capital Core Equity IRWA

CAR Evolution

>>> Sustainable Banking Highlights

TSKB DEVELOPMENT To contribute to a sustainable future, we are convening on May 28, 2025, for the 2nd TSKB Development Day! ekonomi	TSKB's 2nd Development Day Focused on Enhancing Potential Growth Through Triple Transformation (Green, Digital and Social) Reinforced TSKB's role in inclusive and sustainable development Engaged with more than 600 stakeholders	billion USD - 2030 Target Climate and Environment Focused SDG Linked Loan Disbursement since 2024 SDG Linked Loan Disbursement since 2021 million USD - 2026 Target Earthquake Recovery Loan Disbursement since 2024	1,2 6,1 525	4 10 600	Share of loans linked to climate and environment- focused SDGs 58.4% Share of SDG- linked loans 93.4% Target realization 37 5%
TSKB 75th Year Kindergarten project: the launch of new preschool classrooms in Kilis, Malatya, and Elazığ to support equal opportunity in early childhood education. Female Stars of Tomorrow supporting 13 talented young temale musicians at the 53rd Istanbul Music Festival, reaching a total number of funded musicians to 120 since the program's launch with IKSV in 2018. The 18th issue of Ecosystem Review by TSKB Economic Research highlighted the role of social capital in disaster resilience and green transformation.		Türkiye Green Fund's First Investment • One of the leading companies in domestic equipment manufacturing in renewable energy: Ateş Çelik · The first investment of the Türkiye Green Fund — the first venture capital investment fund in Türkiye and globally to be established through credit financing, with a focus on emission reduction and inclusive			New Financing Scope: Youth Employment With the new loan agreement TSKB aim to support enterprises aimed at increasing youth and women employment in Türkiye.

transformation.

>> Appendix: Balance Sheet

ILmn	31.12.2024			31 03 2025			30.06.2075
	TL	EX	TOTAL	TL	FX	TOTAL	TL	EX	TOTAL
Cash and Banks	1,928	10,553	12,480	4,376	7,229	11,604	6,997	12,154	19,151
Securities	22,207	19,275	41,483	26,718	20,679	47,397	26,200	22,282	48,482
Loans (Gross)	13,888	152,529	166,418	14,052	176,174	190,227	12,518	193,889	206,407
Provisions	3,534	- 4,513	- 8,047	- 3,105	- 4,857	- 7,962	1,850	5,589	7,439
Subsidiaries	9,619	892	10,511	9,991	997	10,988	11,183	1,162	12,345
Other	5,933	2,484	8,417	6,006	1,553	7,559	6,769	1,140	7,909
Total	50,041	181,219	231,260	58,039	201,775	259,813	61,817	225,038	286,855
ST Funds		9,040	9,040		13,516	13,516		16,812	16,812
LT Funds		114,224	114,224		128,779	128,779		137,874	137,874
Securities Issued		51,562	51,562		39,906	39,906		41,937	41,937
Repo & MM	1,980	2,037	4,017	13,152	10,375	23,527	17,035	11,603	28,638
Other	3,667	5,470	9,138	4,562	3,057	7,620	5,135	4,808	9,944
Subordinated Debt		10,801	10,801		11,315	11,315		12,210	12,210
Shareholders' Equity	32,282	197	32,479	34,918	232	35,150	39,045	394	39,439
Total	37,929	193,331	231,260	52,632	207,181	259,813	61,216	225,639	286,855

>> Appendix: Detailed Income Statement

Il-mn	1 - 24	11-25	YoY	1Q-25	20-25	QoO
Net Interest Income inc. Swap Cost	5,302	6,988	32%	3,151	3,837	22%
Net Interest Income exc. CPI	5,800	6,176	6%	2,857	3,319	16%
CPI Linkers	1,712	1,548	-10%	735	813	11%
Swap Costs	-2,210	-735	n.m.	-440	-295	n.m.
Net Fees & Commissions	294	162	-45%	71	91	23%
Other Income	175	2,186	1152%	747	1,439	92%
Dividends	2	10	500%	5	5	-8%
Other	173	1,776	927%	342	1,434	319%
Reversals from Free Provisions	0	400	n.m.	400		n.m.
Trading & FX gains/losses	685	625	-9%	297	327	10%
FX gains/losses	540	345	-36%	174	171	-2%
Trading & MtM gain/loss	145	280	93%	123	157	27%
Banking Income	6,455	9,961	54%	4,267	5,694	33%
OPEX (-)	1,010	1,605	59%	689	916	33%
Net Banking Income	5,445	8,356	53%	3,578	4,778	34%
Provisions	651	1,248	92%	165	1,083	556%
ECL (-)	651	1,178	81%	165	1,013	514%
Free & Other Provisions	0	70	n.m.	0	70	n.m.
Income From Subsidiaries	1,037	1,329	2:3%	528	801	52%
Pre-Tax Income	5,831	8,437	45%	3,940	4,497	14%
Tax (-)	1,427	1,962	37%	846	1,116	32%
Net Income	4,403	6,475	47%	3,095	3,381	9%

> Appendix: Evolution of strategically managed Interest Earning Assets

20-25

264 239 208 200 182 159

10-25

Liquid Assets Securities Loans

4Q-24

>> Appendix: Stage 2 Loans Breakdown

Stage 2 Loans
Sector	%	Coverage (%)
Tourism	45	33
Electricity/Gas Distribution	15	50
Electricity Generation	14	33
Non-residential Real Estate	8	31
Telecom/Logistics	4	9
Automotive Supply Industry	3	30
Metal and Machinery	2	10
Health	1	50
Other	8	15
	TOTAL 100	ਤੇਤੇ

• Hard collateral & provisions are taken into consideration

• Renewable and non renewable percentages in electricity generation loans are as 95% and 5% respectively

>>> Appendix: Net Cost of Risk Calculation

Provisions (TL mn)	2025
Stage 1*	-50
Stage 2**	1,078
Stage 3	150
Reversals*** (TL mn)	-1,632
Net CoR	39 bps
Currency Impact	120 bps
Net CoR excl. Currency Impact	-81 bps

*Stage 1 provision costs are adjusted with TL 14.7 mn provisions set aside for securities. **Stage 1&2 provisions are shown netted off by Stage1&2 reversals. ***Reversals depicted in the table are attributable to Stage 3 Loans.

>> Appendix: ESG Ratings

Constituent company in the FTSE4Good Index Series

Listed in Global 100 Most Sustainable Corporations in the World by Corporate Knights

Sustainalytics ESG Risk Rating Negligible Risk Category 7.4 First place in Türkiye 12th place among global development banks

Sustainable Fitch 3 (62/100) First place in Türkiye Above global average

LSEG ESG Score 84 BIST Sustainability 25 Index BIST Sustainability Index

FitchRatings

ESG Credit Relevance Score 3 Neutral-to-minimal

MOODY'S

ESG Credit Impact Score 2 Neutral-to-low

S&P Global

S&P Global CSA Newly joined Pending

This presentation document is prepared for ind contains certain forward-looking comments, opinions, and forecasts. These reflect the views of Türkiye Snai Kakınma Bankası A.S. ("TSK") as of this presentation and contain certain assumptions. Although the information and data used in this presentation have been obtained to be reliable, TSKB cos not quarantee their accuracy, completeness, or truthfulness and does not make in this respect. The realization of the comments, opinions, and estimates in the presentation to any changes that may occur in the data, variables, or assumptions that constitute them. Therefore, TSKB may change without prior notice. However, under no circumstances can this be considered as a commitment by TSKB to update its comments, opinions, and forecasts The comments, opinions, and forecasts contained herein should not be interpreted as a recommendation to buy or sell of any capital market instrument or as a promise of return. TSKB expressly declares that it does not assume any responsibility for the results of investment decisions the basis of this document and for any direct or indirect losses that may arise. The presentation document may not be copied or third parties other than those to whom a copy has been delivered by TSKB.

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