TÜRKİYE VAKIFLAR BANKASI T.A.O.

Annual / Quarterly Financial Statement • Nov 6, 2024

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI

UNCONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS OF SEPTEMBER 30, 2024

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

				Current Period September 30, 2024			Prior Period December 31, 2023
	ASSETS	Notes	TL	FC	Total	TL	FC	Total
I.	FINANCIAL ASSETS (Net)		602,986,147	665,942,554	1,268,928,701	378,873,910	483,722,105	862,596,015
1.1	Cash and cash equivalents	V-I-1	362,454,436	407,717,887	770,172,323	237,724,945	280,218,253	517,943,198
1.1.1	Cash and balances at Central Bank	V-I-1	359,062,126	337,746,941	696,809,067	156,309,961	229,393,739	385,703,700
1.1.2	Banks	V-I-3	173	70,490,710	70,490,883	651	51,099,939	51,100,590
1.1.3	Receivables from Money Markets		3,396,099	-	3,396,099	81,418,249	-	81,418,249
1.1.4	Allowance for expected credit losses (-)	V-I-16	3,962	519,764	523,726	3,916	275,425	279,341
1.2	Financial assets at fair value through profit or loss	V-I-2	1,383,860	923,845	2,307,705	2,997,041	31,257,616	34,254,657
1.2.1	Public debt securities		-	-	-	-	30,499,847	30,499,847
1.2.2	Equity instruments		245,156	923,845	1,169,001	144,926	757,769	902,695
1.2.3	Other financial assets		1,138,704	-	1,138,704	2,852,115	-	2,852,115
1.3	Financial assets at fair value through other comprehensive
	income	V-I-4	216,703,776	245,912,848	462,616,624	114,425,889	166,717,480	281,143,369
1.3.1	Public debt securities		214,807,315	245,846,691	460,654,006	112,640,191	166,684,771	279,324,962
1.3.2	Equity instruments		235,913	48,993	284,906	153,626	17,818	171,444
1.3.3	Other financial assets		1,660,548	17,164	1,677,712	1,632,072	14,891	1,646,963
1.4	Derivative financial assets	V-I-2	22,444,075	11,387,974	33,832,049	23,726,035	5,528,756	29,254,791
1.4.1	Derivative financial assets at fair value through profit or loss		22,444,075	11,387,974	33,832,049	23,726,035	5,528,756	29,254,791
1.4.2	Derivative financial assets at fair value through other
	comprehensive income		-	-	-	-	-	-
II.	FINANCIAL ASSETS MEASURED AT AMORTISED
	COST		1,484,988,510	688,734,209	2,173,722,719	1,297,089,192	504,800,609	1,801,889,801
2.1	Loans	V-I-5	1,213,541,024	674,971,797	1,888,512,821	1,052,862,084	466,249,420	1,519,111,504
2.2	Receivables from leasing transactions	V-I-10	-	-	-	-	-	-
2.3	Factoring receivables		-	-	-	-	-	-
2.4	Financial assets measured at amortised cost	V-I-6	315,068,094	30,214,683	345,282,777	289,285,980	55,087,022	344,373,002
2.4.1	Public debt securities		315,068,094	29,528,093	344,596,187	289,285,980	54,698,887	343,984,867
2.4.2	Other financial assets		-	686,590	686,590	-	388,135	388,135
2.5	Allowance for expected credit losses (-)		43,620,608	16,452,271	60,072,879	45,058,872	16,535,833	61,594,705
III.	NON-CURRENTS ASSETS OR DISPOSAL GROUPS
	"HELD FOR SALE" AND "FROM DISCONTINUED
	OPERATIONS (Net)	V-I-14	371,378	-	371,378	213,007	-	213,007
3.1	Held for sale purpose		371,378	-	371,378	213,007	-	213,007
3.2	Held from discontinued operations		-	-	-	-	-	-
IV.	INVESTMENTS IN ASSOCIATES, SUBSIDIARIES
	AND JOINT VENTURES		20,686,436	3,147,721	23,834,157	17,662,202	2,702,730	20,364,932
4.1	Investments in associates (Net)	V-I-7	6,963,026	-	6,963,026	5,759,620	-	5,759,620
4.1.1	Associates accounted by using equity method		-	-	-	-	-	-
4.1.2	Non-consolidated associates		6,963,026	-	6,963,026	5,759,620	-	5,759,620
4.2	Investments in subsidiaries (Net)	V-I-8	13,723,410	3,147,721	16,871,131	11,902,582	2,702,730	14,605,312
4.2.1	Non-consolidated financial subsidiaries		11,844,569	3,147,721	14,992,290	10,023,741	2,702,730	12,726,471
4.2.2	Non-consolidated non-financial subsidiaries		1,878,841	-	1,878,841	1,878,841	-	1,878,841
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	Non-consolidated jointly controlled partnerships		-	-	-	-	-	-
V.	PROPERTY AND EQUIPMENT (Net		30,352,214	132,995	30,485,209	25,597,813	125,883	25,723,696
VI.	INTANGIBLE ASSETS AND GOODWILL (Net)		1,258,672	1,889	1,260,561	878,685	1,634	880,319
6.1	Goodwill		-	-	-	-	-	-
6.2	Other		1,258,672	1,889	1,260,561	878,685	1,634	880,319
VII.	INVESTMENT PROPERTIES (Net)	V-I-12	2,928,725	-	2,928,725	2,928,725	-	2,928,725
VIII.	CURRENT TAX ASSETS		8,126,116	-	8,126,116	-	-	-
IX.	DEFERRED TAX ASSETS	V-I-13	5,177,749	-	5,177,749	10,891,261	-	10,891,261
X.	OTHER ASSETS	V-I-15	50,804,675	3,339,470	54,144,145	56,583,554	14,562,822	71,146,376
	TOTAL ASSETS		2,207,680,622	1,361,298,838	3,568,979,460	1,790,718,349	1,005,915,783	2,796,634,132

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI

UNCONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS OF SEPTEMBER 30, 2024

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

				Current Period September 30, 2024	Prior Period December 31, 2023
	LIABILITIES AND EQUITY	Notes	TL	FC	Total	TL	FC	Total
I.	DEPOSITS	V-II-1	1,597,165,107	707,837,791	2,305,002,898	1,254,133,247	707,627,870	1,961,761,117
II.	BORROWINGS	V-II-3	46,210,680	243,862,234	290,072,914	32,724,113	188,953,477	221,677,590
III.	MONEY MARKET FUNDS		178,351,516	148,261,902	326,613,418	58,858,701	73,504,733	132,363,434
IV.	MARKETABLE SECURITIES (Net)	V-II-3	948,533	182,092,896	183,041,429	1,163,579	117,165,636	118,329,215
4.1	Bills		948,533	2,519,357	3,467,890	1,163,579	-	1,163,579
4.2	Asset backed securities		-	-	-	-	-	-
4.3.	Bonds		-	179,573,539	179,573,539	-	117,165,636	117,165,636
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	1,272,688	5,049,365	6,322,053	81,679	5,684,709	5,766,388
7.1	Derivative financial liabilities at fair value through profit or		1,272,688	5,049,365	6,322,053	81,679	5,684,709	5,766,388
	loss
7.2	Derivative financial liabilities at fair value through other		-	-	-	-	-	-
	comprehensive income
VIII.	FACTORING PAYABLES		-	-	-	-	-	-
IX.	LEASE PAYABLES	V-II-5	5,067,911	2,313	5,070,224	2,866,665	3,947	2,870,612
X.	PROVISIONS	V-II-7	19,282,299	389,794	19,672,093	20,628,265	1,463,336	22,091,601
10.1	Provision for restructuring		-	-	-	-	-	-
10.2	Reserves for employee benefits		8,922,034	-	8,922,034	7,128,807	-	7,128,807
10.3	Insurance technical reserves (Net)		-	-	-	-	-	-
10.4	Other provisions		10,360,265	389,794	10,750,059	13,499,458	1,463,336	14,962,794
XI.	CURRENT TAX LIABILITIES	V-II-8	7,791,115	21,753	7,812,868	11,522,000	27,923	11,549,923
XII.	DEFERRED TAX LIABILITIES	V-II-8	-	-	-	-	-	-
XIII.	LIABILITIES RELATED TO NON-CURRENT		-	-	-	-	-	-
	ASSETS "HELD FOR SALE" AND "DISCONTINUED	V-II-9
	OPERATIONS" (Net)
13.1	Held for sale		-	-	-	-	-	-
13.2	Related to discontinued operations		-	-	-	-	-	-
XIV.	SUBORDINATED DEBT	V-II-10	11,537,540	71,205,111	82,742,651	10,730,094	23,707,184	34,437,278
14.1	Loans		-	-	-	-	-	-
14.2	Other debt instruments		11,537,540	71,205,111	82,742,651	10,730,094	23,707,184	34,437,278
XV.	OTHER LIABILITIES	V-II-4	108,068,442	33,391,526	141,459,968	83,300,256	31,056,099	114,356,355
XVI.	SHAREHOLDERS` EQUITY	V-II-11	192,522,240	8,643,699	201,165,939	166,695,848	4,731,766	171,427,614
16.1	Paid-in capital	V-II-11	9,915,922	-	9,915,922	9,915,922	-	9,915,922
16.2	Capital reserves		50,123,391	1,028,916	51,152,307	47,437,916	883,459	48,321,375
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		4,534,343	1,028,916	5,563,259	1,848,868	883,459	2,732,327
16.3	Other accumulated comprehensive income that will not be		21,822,341	(765,569)	21,056,772	21,825,766	(657,341)	21,168,425
	reclassified in profit or loss
16.4	Other accumulated comprehensive income that will be		(2,257,816)	8,380,352	6,122,536	1,812,094	4,505,648	6,317,742
	reclassified in profit or loss
16.5	Profit reserves		85,704,152	-	85,704,152	59,858,743	-	59,858,743
16.5.1	Legal reserves		9,197,197	-	9,197,197	6,612,656	-	6,612,656
16.5.2	Statutory reserves		-	-	-	-	-	-
16.5.3	Extraordinary reserves		74,771,302	-	74,771,302	51,613,230	-	51,613,230
16.5.4	Other profit reserves		1,735,653	-	1,735,653	1,632,857	-	1,632,857
16.6	Profit or loss		27,214,250	-	27,214,250	25,845,407	-	25,845,407
16.6.1	Prior years' profits or losses		-	-	-	799,497	-	799,497
16.6.2	Current period net profit or loss		27,214,250	-	27,214,250	25,045,910	-	25,045,910
16.7	Minority interests		-	-	-	-	-	-
	TOTAL LIABILITIES AND EQUITY		2,168,221,076	1,400,758,384	3,568,979,460	1,642,707,452	1,153,926,680	2,796,634,132

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI UNCONSOLIDATED OFF-BALANCE SHEET ITEMS AS OF SEPTEMBER 30, 2024

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

			Current Period		Prior Period
		Notes	TL	September 30, 2024 FC	Total	TL	December 31, 2023 FC	Total
A.	OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES
	(I+II+III)		1,195,827,674	1,548,385,544	2,744,213,218	863,023,395	1,335,390,171	2,198,413,566
I. 1.1.	GUARANTEES AND SURETIES Letters of guarantee	V-III-2 V-III-1	318,983,557 318,731,428	281,685,727 170,218,198	600,669,284 488,949,626	241,897,179 239,771,005	247,494,642 157,390,797	489,391,821 397,161,802
1.1.1.	Guarantees subject to State Tender Law		7,160,790	-	7,160,790	6,831,439	-	6,831,439
1.1.2.	Guarantees given for foreign trade operations		20,190,023	91,940,633	112,130,656	12,911,007	85,112,714	98,023,721
1.1.3.	Other letters of guarantee		291,380,615	78,277,565	369,658,180	220,028,559	72,278,083	292,306,642
1.2. 1.2.1.	Bank acceptances Import letter of acceptance		4,258 -	6,087,076 1,405,552	6,091,334 1,405,552	4,258 -	4,398,076 1,091,455	4,402,334 1,091,455
1.2.2.	Other bank acceptances	V-III-4	4,258	4,681,524	4,685,782	4,258	3,306,621	3,310,879
1.3.	Letters of credit	V-III-4	247,871	101,965,550	102,213,421	2,121,916	82,572,374	84,694,290
1.3.1.	Documentary letters of credit		247,871	101,965,550	102,213,421	2,121,916	82,572,374	84,694,290
1.3.2. 1.4.	Other letters of credit Pre-financing given as guarantee		- -	- 27,191	- 27,191	- -	- 23,515	- 23,515
1.5.	Endorsements		-	-	-	-	-	-
1.5.1.	Endorsements to the Central Bank of Republic of Türkiye		-	-	-	-	-	-
1.5.2.	Other endorsements		-	-	-	-	-	-
1.6. 1.7.	Purchase guarantees for Securities issued Factoring guarantees		- -	- -	- -	- -	- -	- -
1.8.	Other guarantees		-	609,559	609,559	-	526,329	526,329
1.9.	Other warrantees		-	2,778,153	2,778,153	-	2,583,551	2,583,551
II.	COMMITMENTS		777,836,377	338,783,656	1,116,620,033	451,724,674	287,192,025	738,916,699
2.1.	Irrevocable commitments	V-III-1	741,105,035	113,070,405	854,175,440	416,470,540	106,591,474	523,062,014
2.1.1. 2.1.2.	Asset purchase and sales commitments Deposit purchase and sales commitments	V-III-1	48,523,857 -	113,070,405 -	161,594,262 -	35,193,004 -	106,591,474 -	141,784,478 -
2.1.3.	Share capital commitments to associates and subsidiaries		2,287	-	2,287	-	-	-
2.1.4.	Loan granting commitments	V-III-1	233,576,703	-	233,576,703	119,165,714	-	119,165,714
2.1.5.	Securities issuance brokerage commitments		-	-	-	-	-	-
2.1.6. 2.1.7.	Commitments for reserve deposit requirements Commitments for checks payments	V-III-1	- 14,852,025	- -	- 14,852,025	- 10,121,928	- -	- 10,121,928
2.1.8.	Tax and fund liabilities from export commitments		-	-	-	-	-	-
2.1.9.	Commitments for credit card expenditure limits	V-III-1	423,951,930	-	423,951,930	239,679,180	-	239,679,180
2.1.10.	Commitments for credit cards and banking services promotions		4,115,799	-	4,115,799	2,274,392	-	2,274,392
2.1.11.	Receivables from short sale commitments of marketable securities		-	-	-	-	-	-
2.1.12. 2.1.12.	Payables for short sale commitments of marketable securities Other irrevocable commitments		- 16,082,434	- -	- 16,082,434	- 10,036,322	- -	- 10,036,322
2.2.	Revocable commitments		36,731,342	225,713,251	262,444,593	35,254,134	180,600,551	215,854,685
2.2.1.	Revocable loan granting commitments		36,731,342	225,713,251	262,444,593	35,254,134	180,600,551	215,854,685
2.2.2.	Other revocable commitments		-	-	-	-	-	-
III. 3.1.	DERIVATIVE FINANCIAL INSTRUMENTS Derivative financial instruments held for hedging		99,007,740 -	927,916,161 -	1,026,923,901 -	169,401,542 -	800,703,504 -	970,105,046 -
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		99,007,740	927,916,161	1,026,923,901	169,401,542	800,703,504	970,105,046
3.2.1. 3.2.1.1.	Forward foreign currency purchase and sale transactions Forward foreign currency purchase transactions		28,746,468 14,401,849	33,280,691 16,641,607	62,027,159 31,043,456	13,437,023 6,731,972	18,270,450 9,136,245	31,707,473 15,868,217
3.2.2.2.	Forward foreign currency sales		14,344,619	16,639,084	30,983,703	6,705,051	9,134,205	15,839,256
3.2.2.	Currency and interest rate swaps		66,804,164	619,303,727	686,107,891	146,286,235	587,735,885	734,022,120
3.2.2.1.	Currency swap purchase transactions		10,435,686	171,675,486	182,111,172	3,312,843	231,173,916	234,486,759
3.2.2.2. 3.2.2.3.	Currency swap sale transactions Interest rate swap purchase transactions		54,738,478 815,000	207,551,231 120,038,505	262,289,709 120,853,505	141,123,392 925,000	122,716,186 116,922,891	263,839,578 117,847,891
3.2.2.4.	Interest rate swap sale transactions		815,000	120,038,505	120,853,505	925,000	116,922,892	117,847,892
3.2.3.	Currency, interest rate and security options		2,372,154	3,984,800	6,356,954	8,508,530	8,647,024	17,155,554
3.2.3.1	Currency purchase options		1,657,832	1,605,780	3,263,612	8,508,530	304,758	8,813,288
3.2.3.2	Currency sale options		714,322	2,379,020	3,093,342	-	8,342,266	8,342,266
3.2.3.3 3.2.3.4	Interest rate purchase options 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. 3.2.4.2.	Currency purchases futures 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		1,084,954	271,346,943	272,431,897	1,169,754	186,050,145	187,219,899
B. IV.	CUSTODY AND PLEDGED ITEMS (IV+V+VI) ITEMS HELD IN CUSTODY		34,671,426,938 293,666,545	27,299,570,798 215,455,823	61,970,997,736 509,122,368	26,518,716,170 234,749,671	21,382,410,321 119,191,038	47,901,126,491 353,940,709
4.1.	Assets under management		-	-	-	-	-	-
4.2.	Securities held in custody		93,527,192	150,496,537	244,023,729	61,953,528	79,267,030	141,220,558
4.3.	Checks received for collection		97,454,118	4,312,002	101,766,120	80,178,405	3,074,417	83,252,822
4.4. 4.5.	Commercial notes received for collection Other assets received for collection		10,490,276 2,152	9,186,114 1,368	19,676,390 3,520	7,490,224 2,152	5,613,199 1,183	13,103,423 3,335
4.6.	Securities received for public offering		-	-	-	-	-	-
4.7.	Other items under custody		309	37,169,654	37,169,963	309	21,785,600	21,785,909
4.8.	Custodians		92,192,498	14,290,148	106,482,646	85,125,053	9,449,609	94,574,662
V.	PLEDGED ITEMS		4,983,994,257	1,425,185,848	6,409,180,105	4,329,505,590	1,033,151,407	5,362,656,997
5.1. 5.2.	Marketable securities Guarantee notes		575,978 31,798,831	3,129,109 14,474,928	3,705,087 46,273,759	398,290 19,402,395	4,906,082 10,297,268	5,304,372 29,699,663
5.3.	Commodity		415,396,197	19,278,344	434,674,541	320,451,642	12,699,256	333,150,898
5.4.	Warrant		-	-	-	-	-	-
5.5.	Immovables		3,996,377,065	1,166,446,216	5,162,823,281	3,497,221,552	841,937,410	4,339,158,962
5.6. 5.7.	Other pledged items Depositories receiving pledged items		539,432,764 413,422	221,715,166 142,085	761,147,930 555,507	491,647,668 384,043	163,143,400 167,991	654,791,068 552,034
VI.	ACCEPTED GUARANTEES AND WARRANTEES		29,393,766,136	25,658,929,127	55,052,695,263	21,954,460,909	20,230,067,876	42,184,528,785
	TOTAL OFF BALANCE SHEET COMMITMENTS (A+B)		35,867,254,612	28,847,956,342	64,715,210,954	27,381,739,565	22,717,800,492	50,099,540,057

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2024

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

			Current Period January 1, 2024- September 30,	Current Period July 1, 2024- September 30,	Prior Period January 1, 2023- September 30,	Prior Period July 1, 2023- September 30,
		Notes	2024	2024	2023	2023
I.	INTEREST INCOME	V-IV-1	492,823,136	187,612,425	182,614,820	87,035,914
1.1	Interest on loans	V-IV-1	338,878,521	127,080,498	115,203,620	51,749,647
1.2	Interest received from reserve deposits		26,590,033	13,843,136	910,415	245,667
1.3	Interest received from banks	V-IV-1	925,231	319,855	971,010	313,986
1.4	Interest received from money market transactions		9,167,387	707,828	140,640	24,304
1.5 1.5.1	Interest received from marketable securities portfolio Financial assets at fair value through profit or loss	V-IV-1	116,554,751	45,468,088	64,119,263	34,151,690
1.5.2	Financial assets at fair value through other comprehensive income		199,777 52,899,015	736 21,372,182	400,966 20,754,729	150,736 10,014,623
1.5.3	Financial assets measured at amortised cost		63,455,959	24,095,170	42,963,568	23,986,331
1.6	Finance lease interest income		-	-	-	-
1.7	Other interest income		707,213	193,020	1,269,872	550,620
II.	INTEREST EXPENSES	V-IV-2	436,706,207	167,823,126	159,252,588	71,888,098
2.1	Interest on deposits	V-IV-2	389,193,902	148,767,925	134,513,839	62,110,169
2.2	Interest on funds borrowed	V-IV-2	15,615,069	5,877,175	9,159,893	3,598,972
2.3	Interest on money market transactions		17,353,177	7,620,822	7,770,043	3,322,553
2.4	Interest on securities issued	V-IV-2	12,304,610	5,108,893	6,541,110	2,553,989
2.5	Leasing interest income		763,515	311,341	442,450	175,128
2.6	Other interest expenses		1,475,934	136,970	825,253	127,287
III.	NET INTEREST INCOME/EXPENSE (I - II)		56,116,929	19,789,299	23,362,232	15,147,816
IV.	NET FEES AND COMMISSIONS INCOME/EXPENSES		33,175,482	12,040,704	16,271,869	7,037,605
4.1	Fees and commissions received		46,409,550	17,021,115	20,557,250	9,067,641
4.1.1	Non-cash loans		3,864,521	1,341,478	2,273,592	903,390
4.1.2	Other		42,545,029	15,679,637	18,283,658	8,164,251
4.2	Fees and commissions paid		13,234,068	4,980,411	4,285,381	2,030,036
4.2.1	Non-cash loans		230	69	191	69
4.2.2	Other		13,233,838	4,980,342	4,285,190	2,029,967
V.	DIVIDEND INCOME		115,581	1,379	198,566	189,138
VI.	TRADING PROFIT/LOSS (Net)	V-IV-3	(10,145,039)	452,936	17,805,889	6,256,289
6.1	Profit/losses from capital market transactions	V-IV-3	2,560,545	412,300	4,460,998	2,814,109
6.2	Profit/losses from derivative financial transactions	V-IV-3	(23,995,987)	(3,003,137)	3,596,713	932,671
6.3	Foreign exchange profit/losses	V-IV-3	11,290,403	3,043,773	9,748,178	2,509,509
VII. VIII.	OTHER OPERATING INCOME GROSS PROFIT FROM OPERATING ACTIVITIES	V-IV-4	40,761,429	6,022,058	34,046,963	3,646,265
	(III+IV+V+VI+VII)		120,024,382	38,306,376	91,685,519	32,277,113
IX.	ALLOWANCES FOR EXPECTED CREDIT LOSSES (-)	V-IV-5	33,522,528	9,056,833	32,981,735	11,011,258
X.	OTHER PROVISION EXPENSES (-)	V-IV-5	639,747	(889,654)	73,217	3,055
XI.	PERSONNEL EXPENSES (-)		20,685,453	7,960,817	10,452,789	4,062,933
XII.	OTHER OPERATING EXPENSES (-)	V-IV-6	30,553,886	10,806,094	29,635,820	6,400,734
XIII.	NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII)		34,622,768	11,372,286	18,541,958	10,799,133
XIV.	SURPLUS WRITTEN AS GAIN AFTER MERGER		-	-	-	-
XV.	PROFIT/LOSS FROM EQUITY METHOD APPLIED SUBSIDIARIES		-	-	-	-
XVI. XVII.	NET MONETORY POSITION GAIN/LOSS PROFIT/LOSS BEFORE TAXES FROM CONTINUING OPERATIONS		-	-	-	-
	(XII++XV)	V-IV-7	34,622,768	11,372,286	18,541,958	10,799,133
XVIII.	PROVISION FOR TAXES ON INCOME FROM CONTINUING
	OPERATIONS (±)	V-IV-8	(7,408,518)	(3,349,745)	(3,518,690)	(1,285,024)
18.1	Current tax provision	V-IV-10	(1,156,543)	7,613,235	(1,090,874)	-
18.2	Expense effect of deferred tax (+)	V-IV-10	(17,747,156)	(13,797,069)	(12,350,241)	(5,006,142)
18.3	Income effect of deferred tax (-)	V-IV-10	11,495,181	2,834,089	9,922,425	3,721,118
XIX.	NET PROFIT/LOSS FROM CONTINUING OPERATIONS
	(XVII±XVIII)	V-IV-9	27,214,250	8,022,541	15,023,268	9,514,109
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 XXII.	Other expenses from discontinued operations 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 XXIV.	Income effect of deferred tax (-) NET PROFIT/LOSS FROM DISCONTINUED OPERATIONS		-	-	-	-
	(XXII±XXIII)		-	-	-	-
XXV.	NET PROFIT/LOSSES (XIX+XXIV)	V-IV-11	27,214,250	8,022,541	15,023,268	9,514,109
25.1	Equity holders of the Bank		-	-	-	-
25.2	Non-controlling interest (-) Profit/Loss per 100 shares (full TL)	III-XXIV	- 2.7445	- 0.8091	- 1.5731	- 0.9595

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI

UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME AS OF THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2024

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

		Current Period January 1, 2024-	Prior Period January 1, 2023-
	PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME	September 30, 2024	September 30, 2023
I.	PROFIT (LOSS)	27,214,250	15,023,268
II.	OTHER COMPREHENSIVE INCOME	(306,859)	(1,815,803)
2.1.	Other comprehensive income that will not be reclassified to profit or loss	(111,653)	1,068,606
2.1.1.	Gains (Losses) on Revaluation of Property, Plant and Equipment	(39,421)	(49,739)
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	(551,504)	1,062,403
2.1.5.	Taxes Relating to Components of Other Comprehensive Income That Will Not Be Reclassified to Profit or Loss	479,272	55,942
2.2.	Other Comprehensive Income That Will Be Reclassified to Profit or Loss	(195,206)	(2,884,409)
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	(291,423)	(3,058,642)
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	96,217	174,233
III.	TOTAL COMPREHENSIVE INCOME (LOSS) (I+II)	26,907,391	13,207,465

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY AS OF NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2024 (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) Shareholders' Current Period September 30, 2024 I. 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

Total

Equity

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 ANONIM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY AS OF NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2024

(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
	September 30, 2023
I.	Prior Period End Balance		7,111,364	16,468,559	-	1,266,702	3,237,996	(792,431)	8,547,402	80,727	11,205,827	-	35,841,511	24,017,232	-	106,984,889
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)		7,111,364	16,468,559	-	1,266,702	3,237,996	(792,431)	8,547,402	80,727	11,205,827	-	35,841,511	24,017,232	-	106,984,889
IV.	Total Comprehensive Income		-	-	-	-	146,703	52,828	869,075	-	(2,884,409)	-	-	-	15,023,268	13,207,465
V.	Capital Increase by Cash		2,804,558	29,120,489	-	-	-	-	-	-	-	-	-	-	-	31,925,047
VI.	Capital Increase by Internal Resources		-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Paid-in capital inflation adjustment		-	-	-	-	-	-	-	-	-	-	-	-	-	-
VII.	difference
VIII.	Convertible Bonds		-	-	-	-	-	-	-	-	-	-	-	-	-	-
IV.	Subordinated Debt Instruments		-	-	-	-	-	-	-	-	-	-	-	-	-	-
X.	Increase/Decrease by Other Changes		-	-	-	1,116,582	-	-	-	-	-	-	141,515	(141,515)	-	1,116,582
XI.	Profit Distribution		-	-	-	-	-	-	-	-	-	-	23,875,717	(23,875,717)	-	-
11.1.	Dividends paid		-	-	-	-	-	-	-	-	-	-	-	-	-	-
11.2.	Transfers to Reserves		-	-	-	-	-	-	-	-	-	-	23,875,717	(23,875,717)	-	-
11.3.	Other		-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Ending Balance		9,915,922	45,589,048	-	2,383,284	3,384,699	(739,603)	9,416,477	80,727	8,321,418	-	59,858,743	-	15,023,268	153,233,983

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 ANONIM ORTAKLIĞI UNCONSOLIDATED FINANCIAL REPORT AS OF THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2024

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

	Notes	Current Period September 30, 2024	Prior Period September 30, 2023
A.	CASH FLOWS FROM BANKING OPERATIONS
1.1	Operating profit before changes in operating assets and liabilities	33,141,218	54,492,085
1.1.1	Interests received	442,072,147	171,139,886
1.1.2	Interests paid	(433,079,232)	(158,029,309)
1.1.3	Dividends received	115,581	198,566
1.1.4	Fee and commissions received	36,311,580	12,914,296
1.1.5	Other income	11,621,121	3,887,979
1.1.6	Collections from previously written-off loans and other receivables	5,709,013	3,855,297
1.1.7	Cash payments to personnel and service suppliers	(22,844,416)	(11,576,758)
1.1.8	Taxes paid	(11,864,278)	(1,230,792)
1.1.9	Other	5,099,702	33,332,920
1.2	Changes in operating assets and liabilities	111,239,116	210,728,893
1.2.1	Net (Increase) Decrease in Financial Assets at Fair Value through Profit or Loss	32,213,258	(12,373,567)
1.2.2	Net increase (decrease) in due from banks	(65,534,479)	37,331,140
1.2.3	Net increase (decrease) in loans	(280,370,706)	(321,580,819)
1.2.4	Net increase (decrease) in other assets	(75,715,321)	(11,114,360)
1.2.5	Net increase (decrease) in bank deposits	(31,293,364)	(10,797,543)
1.2.6	Net increase (decrease) in other deposits	340,291,279	482,252,899
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	36,653,254	17,902,508
1.2.9	Net increase (decrease) in matured payables	-	-
1.2.10	Net increase (decrease) in other liabilities	154,995,195	29,108,635
I.	Net cash flow provided from banking operations	144,380,334	265,220,978
B.	CASH FLOWS FROM INVESTING ACTIVITIES
II.	Net cash provided from investing activities	(65,508,185)	(188,317,298)
2.1	Cash paid for the purchase of associates, subsidiaries and joint ventures	(824,941)	(802,751)
2.2	Cash obtained from the sale of associates, subsidiaries and joint ventures	6,178	-
2.3	Cash paid for the purchase of tangible and intangible asset	(7,866,866)	(8,429,550)
2.4	Cash obtained from the sale of tangible and intangible asset	1,192,538	4,906,604
2.5	Cash paid for the purchase of financial assets at fair value through other comprehensive
	income	(108,058,990)	(79,973,861)
2.6	Cash obtained from the sale of financial assets at fair value through other comprehensive
	income	19,976,739	8,054,276
2.7	Cash paid for the purchase of financial assets at amortized cost	(1,298,353)	(126,283,530)
2.8	Cash obtained from sale of financial assets at amortized cost	31,837,437	14,650,808
2.9	Other	(471,927)	(439,294)
C.	CASH FLOWS FROM FINANCING ACTIVITIES
III.	Net cash flow from financing activities	109,528,381	45,969,558
3.1	Cash obtained from funds borrowed and securities issued	116,052,646	55,014,571
3.2	Cash outflow from funds borrowed and securities issued	(5,298,663)	(8,360,294)
3.3	Equity instruments issued	-	-
3.4	Dividends paid	-	-
3.5	Payments for finance lease liabilities	(1,225,602)	(684,719)
3.6	Other	-	-
IV.	Effect of change in foreign exchange rate on cash and cash equivalents	(353,993)	414,516
V.	Net increase/decrease in cash and cash equivalents	188,046,537	123,287,754
VI.	Cash and cash equivalents at beginning of the period	334,068,851	129,436,268
VII.	Cash and cash equivalents at end of the period	522,115,388	252,724,022