TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI

UNCONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS OF MARCH 31, 2024

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

ASSETS Notes TL FC Total TL FC Total I. FINANCIAL ASSETS (Net) 366,902,274 607,375,317 974,277,591 378,873,910 483,722,105 862,596,015 1.1 Cash and cash equivalents V-I-1 195,996,232 373,184,255 569,180,487 237,724,945 280,218,253 517,943,198 1.1.1 Cash and balances at Central Bank V-I-1 190,669,353 311,544,545 502,213,898 156,309,961 229,393,739 385,703,700 1.1.2 Banks V-I-3 293,967 62,134,307 62,428,274 651 51,099,939 51,100,590 1.1.3 Receivables from Money Markets 5,037,353 - 5,037,353 81,418,249 - 81,418,249 1.1.4 Allowance for expected credit losses (-) V-I-16 4,441 494,597 499,038 3,916 275,425 279,341 1.2 Financial assets at fair value through profit or loss V-I-2 2,734,745 13,772,514 16,507,259 2,997,041 31,257,616 34,254,657 1.2.1 Public debt securities - 12,882,784 12,882,784 - 30,499,847 30,499,847 1.2.2 Equity instruments 223,025 889,730 1,112,755 144,926 757,769 902,695 1.2.3 Other financial assets 2,511,720 - 2,511,720 2,852,115 - 2,852,115 1.3 Financial assets at fair value through other comprehensive income V-I-4 143,651,850 210,088,888 353,740,738 114,425,889 166,717,480 281,143,369 1.3.1 Public debt securities 141,866,152 210,053,046 351,919,198 112,640,191 166,684,771 279,324,962 1.3.2 Equity instruments 153,626 19,517 173,143 153,626 17,818 171,444 1.3.3 Other financial assets 1,632,072 16,325 1,648,397 1,632,072 14,891 1,646,963 1.4 Derivative financial assets V-I-2 24,519,447 10,329,660 34,849,107 23,726,035 5,528,756 29,254,791 1.4.1 Derivative financial assets at fair value through profit or loss 24,519,447 10,329,660 34,849,107 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 1,349,191,023 575,986,026 1,925,177,049 1,297,089,192 504,800,609 1,801,889,801 2.1 Loans V-I-5 1,097,424,301 531,462,341 1,628,886,642 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-6 293,523,886 59,039,865 352,563,751 289,285,980 55,087,022 344,373,002 2.4.1 Public debt securities 293,523,886 58,614,840 352,138,726 289,285,980 54,698,887 343,984,867 2.4.2 Other financial assets - 425,025 425,025 - 388,135 388,135 2.5 Allowance for expected credit losses (-) 41,757,164 14,516,180 56,273,344 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-14 226,623 - 226,623 213,007 - 213,007 3.1 Held for sale purpose 226,623 - 226,623 213,007 - 213,007 3.2 Held from discontinued operations - - - - - - IV. INVESTMENTS IN ASSOCIATES, SUBSIDIARIES AND JOINT VENTURES 18,549,116 2,887,923 21,437,039 17,662,202 2,702,730 20,364,932 4.1 Investments in associates (Net) V-I-7 6,217,499 - 6,217,499 5,759,620 - 5,759,620 4.1.1 Associates accounted by using equity method - - - - - - 4.1.2 Non-consolidated associates 6,217,499 - 6,217,499 5,759,620 - 5,759,620 4.2 Investments in subsidiaries (Net) V-I-8 12,331,617 2,887,923 15,219,540 11,902,582 2,702,730 14,605,312 4.2.1 Non-consolidated financial subsidiaries 10,452,776 2,887,923 13,340,699 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 26,371,383 161,634 26,533,017 25,597,813 125,883 25,723,696 VI. INTANGIBLE ASSETS AND GOODWILL (Net) 935,977 1,789 937,766 878,685 1,634 880,319 6.1 Goodwill - - - - - - 6.2 Other 935,977 1,789 937,766 878,685 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 - - - - - - IX. DEFERRED TAX ASSETS V-I-13 9,461,651 - 9,461,651 10,891,261 - 10,891,261 X. OTHER ASSETS (Net) V-I-15 62,887,718 2,481,956 65,369,674 56,583,554 14,562,822 71,146,376 TOTAL ASSETS 1,837,454,490 1,188,894,645 3,026,349,135 1,790,718,349 1,005,915,783 2,796,634,132			Current Period March 31, 2024	Prior Period December 31, 2023

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI

UNCONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AS OF MARCH 31, 2024

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

		Current Period Prior Period March 31, 2024 December 31, 2023
	LIABILITIES AND EQUITY	Notes	TL	FC	Total		TL FC
I.	DEPOSITS	V-II-1	1,224,094,311	778,720,466	2,002,814,777	1,254,133,247	707,627,870	Total 1,961,761,117
II.	BORROWINGS	V-II-3	37,394,432	230,119,695	267,514,127	32,724,113	188,953,477	221,677,590
III.	MONEY MARKET FUNDS		132,814,308	96,157,918	228,972,226	58,858,701	73,504,733	132,363,434
IV.	MARKETABLE SECURITIES ISSUED (Net)	V-II-3	2,060,949	127,681,073	129,742,022	1,163,579	117,165,636	118,329,215
4.1	Bills		2,060,949	3,806,130	5,867,079	1,163,579	-	1,163,579
4.2	Asset backed securities		-	-	-	-	-	-
4.3.	Bonds		-	123,874,943	123,874,943	-	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	669,771	6,094,413	6,764,184	81,679	5,684,709	5,766,388
7.1	Derivative financial liabilities at fair value through profit or
	loss		669,771	6,094,413	6,764,184	81,679	5,684,709	5,766,388
7.2	Derivative financial liabilities at fair value through other
	comprehensive income		-	-	-	-	-	-
VIII.	FACTORING PAYABLES		-	-	-	-	-	-
IX.	LEASE PAYABLES (Net)	V-II-5	3,570,746	3,618	3,574,364	2,866,665	3,947	2,870,612
X.	PROVISIONS	V-II-7	21,110,894	2,185,015	23,295,909	20,628,265	1,463,336	22,091,601
10.1	Provision for restructuring		-	-	-	-	-	-
10.2	Reserves for employee benefits		8,291,085	-	8,291,085	7,128,807	-	7,128,807
10.3	Insurance technical reserves (Net)		-	-	-	-	-	-
10.4	Other provisions		12,819,809	2,185,015	15,004,824	13,499,458	1,463,336	14,962,794
XI.	CURRENT TAX LIABILITIES	V-II-8	13,985,834	21,451	14,007,285	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
	OPERATIONS" (Net)	V-II-9	-	-	-	-	-	-
13.1	Held for sale		-	-	-	-	-	-
13.2	Related to discontinued operations		-	-	-	-	-	-
XIV.	SUBORDINATED DEBT	V-II-10	10,909,831	25,641,343	36,551,174	10,730,094	23,707,184	34,437,278
14.1	Loans		-	-	-	-	-	-
14.2	Other debt instruments		10,909,831	25,641,343	36,551,174	10,730,094	23,707,184	34,437,278
XV.	OTHER LIABILITIES	V-II-4	94,133,008	34,497,415	128,630,423	83,300,256	31,056,099	114,356,355
XVI.	SHAREHOLDERS` EQUITY	V-II-11	179,862,796	4,616,843	184,479,639	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		47,437,916	943,994	48,381,910	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		1,848,868	943,994	2,792,862	1,848,868	883,459	2,732,327
16.3	Other accumulated comprehensive income that will not be
	reclassified in profit or loss		22,911,121	(702,383)	22,208,738	21,825,766	(657,341)	21,168,425
16.4	Other accumulated comprehensive income that will be
	reclassified in profit or loss		1,870,718	4,375,232	6,245,950	1,812,094	4,505,648	6,317,742
16.5	Profit reserves		59,858,743	-	59,858,743	59,858,743	-	59,858,743
16.5.1	Legal reserves		6,612,656	-	6,612,656	6,612,656	-	6,612,656
16.5.2	Statutory reserves		-	-	-	-	-	-
16.5.3	Extraordinary reserves		51,613,230	-	51,613,230	51,613,230	-	51,613,230
16.5.4	Other profit reserves		1,632,857	-	1,632,857	1,632,857	-	1,632,857
16.6	Profit or loss		37,868,376	-	37,868,376	25,845,407	-	25,845,407
16.6.1	Prior years' profits or losses		25,845,407	-	25,845,407	799,497	-	799,497
16.6.2	Current period net profit or loss		12,022,969	-	12,022,969	25,045,910	-	25,045,910
16.7	Minority interests		-	-	-	-	-	-

	TOTAL LIABILITIES AND EQUITY		1,720,609,885	1,305,739,250	3,026,349,135	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 MARCH 31, 2024

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

		Current Period				Prior Period
		Notes	TL	March 31, 2024 FC	Total	TL	December 31, 2023 FC	Total
A.	OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES
	(I+II+III)		1,027,675,139	1,420,146,075	2,447,821,214	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	276,682,312 274,443,518	255,150,449 158,226,077	531,832,761 432,669,595	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		7,108,916	-	7,108,916	6,831,439	-	6,831,439
1.1.2.	Guarantees given for foreign trade operations		15,134,421	89,025,089	104,159,510	12,911,007	85,112,714	98,023,721
1.1.3.	Other letters of guarantee		252,200,181	69,200,988	321,401,169	220,028,559	72,278,083	292,306,642
1.2. 1.2.1.	Bank acceptances Import letter of acceptance		4,258 -	6,010,451 1,601,257	6,014,709 1,601,257	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	4,409,194	4,413,452	4,258	3,306,621	3,310,879
1.3.	Letters of credit	V-III-4	2,234,536	87,546,246	89,780,782	2,121,916	82,572,374	84,694,290
1.3.1.	Documentary letters of credit		2,234,536	87,546,246	89,780,782	2,121,916	82,572,374	84,694,290
1.3.2. 1.4.	Other letters of credit Pre-financing given as guarantee		- -	- 25,757	- 25,757	- -	- 23,515	- 23,515
1.5.	Endorsements		-	-	-	-	-	-
1.5.1.	Endorsements to the Central Bank of Republic of Türkiye		-	-	-	-	-	-
1.5.2. 1.6.	Other endorsements Purchase guarantees for Securities issued		- -	- -	- -	- -	- -	- -
1.7.	Factoring guarantees		-	-	-	-	-	-
1.8.	Other guarantees		-	580,566	580,566	-	526,329	526,329
1.9.	Other warrantees		-	2,761,352	2,761,352	-	2,583,551	2,583,551
II. 2.1.	COMMITMENTS Irrevocable commitments	V-III-1	591,059,878 553,652,792	281,893,103 67,516,438	872,952,981 621,169,230	451,724,674 416,470,540	287,192,025 106,591,474	738,916,699 523,062,014
2.1.1.	Asset purchase and sales commitments	V-III-1	46,142,277	67,516,438	113,658,715	35,193,004	106,591,474	141,784,478
2.1.2.	Deposit purchase and sales commitments		-	-	-	-	-	-
2.1.3.	Share capital commitments to associates and subsidiaries		-	-	-	-	-	-
2.1.4. 2.1.5.	Loan granting commitments Securities issuance brokerage commitments	V-III-1	150,451,319 -	- -	150,451,319 -	119,165,714 -	- -	119,165,714 -
2.1.6.	Commitments for reserve deposit requirements		-	-	-	-	-	-
2.1.7.	Commitments for checks payments	V-III-1	15,111,896	-	15,111,896	10,121,928	-	10,121,928
2.1.8.	Tax and fund liabilities from export commitments		-	-	-	-	-	-
2.1.9. 2.1.10.	Commitments for credit card expenditure limits Commitments for credit cards and banking services promotions	V-III-1	321,245,763 7,364,451	- -	321,245,763 7,364,451	239,679,180 2,274,392	- -	239,679,180 2,274,392
2.1.11.	Receivables from short sale commitments on marketable securities		-	-	-	-	-	-
2.1.12.	Payables for short sale commitments on marketable securities		-	-	-	-	-	-
2.1.12.	Other irrevocable commitments		13,337,086	-	13,337,086	10,036,322	-	10,036,322
2.2. 2.2.1.	Revocable commitments Revocable loan granting commitments		37,407,086 37,407,086	214,376,665 214,376,665	251,783,751 251,783,751	35,254,134 35,254,134	180,600,551 180,600,551	215,854,685 215,854,685
2.2.2.	Other revocable commitments		-	-	-	-	-	-
III.	DERIVATIVE FINANCIAL INSTRUMENTS		159,932,949	883,102,523	1,043,035,472	169,401,542	800,703,504	970,105,046
3.1.	Derivative financial instruments held for hedging		-	-	-	-	-	-
3.1.1. 3.1.2.	Fair value hedges Cash flow hedges		- -	- -	- -	- -	- -	- -
3.1.3.	Hedges for investments made in foreign countries		-	-	-	-	-	-
3.2.	Trading transactions		159,932,949	883,102,523	1,043,035,472	169,401,542	800,703,504	970,105,046
3.2.1.	Forward foreign currency purchase and sale transactions		31,666,908	38,382,137	70,049,045	13,437,023	18,270,450	31,707,473
3.2.1.1. 3.2.2.2.	Forward foreign currency purchase transactions Forward foreign currency sales		15,847,737 15,819,171	19,192,313 19,189,824	35,040,050 35,008,995	6,731,972 6,705,051	9,136,245 9,134,205	15,868,217 15,839,256
3.2.2.	Currency and interest rate swaps		123,388,358	603,862,227	727,250,585	146,286,235	587,735,885	734,022,120
3.2.2.1.	Currency swap purchase transactions		2,132,694	217,418,026	219,550,720	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		119,425,664 915,000	145,106,659 120,668,771	264,532,323 121,583,771	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		915,000	120,668,771	121,583,771	925,000	116,922,892	117,847,892
3.2.3.	Currency, interest rate and security options		3,707,929	5,665,978	9,373,907	8,508,530	8,647,024	17,155,554
3.2.3.1	Currency purchase options		3,366,929	1,380,558	4,747,487	8,508,530	304,758	8,813,288
3.2.3.2 3.2.3.3	Currency sale options Interest rate purchase options		341,000 -	4,285,420 -	4,626,420 -	- -	8,342,266 -	8,342,266 -
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. 3.2.4.1.	Currency futures Currency purchases 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. 3.2.6.	Interest rate sales futures Other		- 1,169,754	- 235,192,181	- 236,361,935	- 1,169,754	- 186,050,145	- 187,219,899
B.	CUSTODY AND PLEDGED ITEMS (IV+V+VI)		28,937,906,722	23,537,489,318	52,475,396,040	26,518,716,170	21,382,410,321	47,901,126,491
IV.	ITEMS HELD IN CUSTODY		271,857,213	159,759,676	431,616,889	234,749,671	119,191,038	353,940,709
4.1.	Assets under management		-	-	-	-	-	-
4.2. 4.3.	Securities held in custody Checks received for collection		83,202,593 93,062,234	106,681,278 6,059,371	189,883,871 99,121,605	61,953,528 80,178,405	79,267,030 3,074,417	141,220,558 83,252,822
4.4.	Commercial notes received for collection		8,899,020	7,679,373	16,578,393	7,490,224	5,613,199	13,103,423
4.5.	Other assets received for collection		2,152	1,295	3,447	2,152	1,183	3,335
4.6.	Securities received for public offering		-	-	-	-	-	-
4.7. 4.8.	Other items under custody Custodians		309 86,690,905	27,308,142 12,030,217	27,308,451 98,721,122	309 85,125,053	21,785,600 9,449,609	21,785,909 94,574,662
V.	PLEDGED ITEMS		4,462,858,716	1,123,368,071	5,586,226,787	4,329,505,590	1,033,151,407	5,362,656,997
5.1.	Marketable securities		530,650	4,401,027	4,931,677	398,290	4,906,082	5,304,372
5.2.	Guarantee notes		23,699,582	13,622,209	37,321,791	19,402,395	10,297,268	29,699,663
5.3. 5.4.	Commodity Warrant		355,820,967 -	13,806,171 -	369,627,138 -	320,451,642 -	12,699,256 -	333,150,898 -
5.5.	Immovables		3,572,603,566	908,164,959	4,480,768,525	3,497,221,552	841,937,410	4,339,158,962
5.6.	Other pledged items		509,710,924	183,174,616	692,885,540	491,647,668	163,143,400	654,791,068
5.7. VI.	Depositories receiving pledged items ACCEPTED GUARANTEES AND WARRANTEES		493,027 24,203,190,793	199,089 22,254,361,571	692,116 46,457,552,364	384,043 21,954,460,909	167,991 20,230,067,876	552,034 42,184,528,785
	TOTAL OFF BALANCE SHEET COMMITMENTS (A+B)		29,965,581,861	24,957,635,393	54,923,217,254	27,381,739,565	22,717,800,492	50,099,540,057

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

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2024

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

		Notes	Current Period January 1, 2024- March 31, 2024	Prior Period January 1, 2023- March 31, 2023
I.	INTEREST INCOME	V-IV-1	138,316,746	43,147,427
1.1	Interest on loans	V-IV-1	97,850,925	28,317,289
1.2	Interest received from reserve deposits		3,691,947	324,409
1.3	Interest received from banks	V-IV-1	274,130	279,078
1.4	Interest received from money market transactions		3,548,064	53,837
1.5	Interest received from marketable securities portfolio	V-IV-1	32,652,403	14,021,959
1.5.1	Financial assets at fair value through profit or loss		142,284	100,649
1.5.2	Financial assets at fair value through other comprehensive income		13,572,908	5,103,607
1.5.3	Financial assets measured at amortised cost		18,937,211	8,817,703
1.6	Finance lease interest income		-	-
1.7	Other interest income		299,277	150,855
II.	INTEREST EXPENSES	V-IV-2	120,614,853	36,694,899
2.1 2.2	Interest on deposits Interest on funds borrowed	V-IV-2 V-IV-2	108,104,485 4,580,652	30,178,600 2,230,541
2.3	Interest on money market transactions		3,655,560	1,776,661
2.4	Interest on securities issued	V-IV-2	3,341,903	1,794,339
2.5	Leasing interest income		205,984	118,363
2.6	Other interest expenses		726,269	596,395
III.	NET INTEREST INCOME/EXPENSE (I - II)		17,701,893	6,452,528
IV.	NET FEES AND COMMISSIONS INCOME/EXPENSES		10,629,030	4,100,531
4.1	Fees and commissions received		14,079,661	5,047,958
4.1.1	Non-cash loans		1,195,683	621,815
4.1.2	Other		12,883,978	4,426,143
4.2	Fees and commissions paid		3,450,631	947,427
4.2.1	Non-cash loans		91	35
4.2.2	Other		3,450,540	947,392
V. VI.	DIVIDEND INCOME TRADING PROFIT/LOSS (Net)		1,273 (3,536,019)	660 2,251,914
6.1	Profit/losses from capital market transactions	V-IV-3 V-IV-3	1,299,221	1,048,776
6.2	Profit/losses from derivative financial transactions	V-IV-3	(10,422,532)	(79,539)
6.3	Foreign exchange profit/losses	V-IV-3	5,587,292	1,282,677
VII.	OTHER OPERATING INCOME	V-IV-4	23,344,479	24,601,414
VIII.	GROSS PROFIT FROM OPERATING ACTIVITIES (III+IV+V+VI+VII)		48,140,656	37,407,047
IX.	ALLOWANCES FOR EXPECTED CREDIT LOSSES (-)	V-IV-5	17,566,305	13,321,019
X.	OTHER PROVISION EXPENSES (-)	V-IV-5	157,598	87,686
XI.	PERSONNEL EXPENSES (-)		5,715,763	2,940,883
XII.	OTHER OPERATING EXPENSES (-)	V-IV-6	9,113,489	17,055,600
XIII.	NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII)		15,587,501	4,001,859
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	15,587,501	4,001,859
XVIII.	PROVISION FOR TAXES ON INCOME FROM CONTINUING
	OPERATIONS (±)	V-IV-8	(3,564,532)	500,739
18.1	Current tax provision	V-IV-10	(1,919,379)	(1,071,647)
18.2	Expense effect of deferred tax (+)	V-IV-10	(1,851,846)	(465,577)
18.3	Income effect of deferred tax (-)	V-IV-10	206,693	2,037,963
XIX.	NET PROFIT/LOSS FROM CONTINUING OPERATIONS
	(XVII±XVIII)	V-IV-9	12,022,969	4,502,598
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	12,022,969	4,502,598
25.1	Equity holders of the Bank		-	-
25.2	Non-controlling interest (-)		-	-
	Profit/Loss per 100 shares (full TL)	III-XXIV	1.2125	0.5121

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME AS OF THE THREE-MONTH PERIOD ENDED MARCH 31, 2024

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

	PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME	Current Period January 1, 2024- March 31, 2024	Prior Period January 1, 2024- March 31, 2024
I.	PROFIT (LOSS)	12,022,969	4,502,598
II.	OTHER COMPREHENSIVE INCOME	968,521	(2,116,299)
2.1.	Other comprehensive income that will not be reclassified to profit or loss	1,040,313	(2,124,767)
2.1.1.	Gains (Losses) on Revaluation of Property, Plant and Equipment	(5,100)	(1,652)
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	841,873	(2,523,252)
2.1.5.	Taxes Relating to Components of Other Comprehensive Income That Will Not Be Reclassified to Profit or Loss	203,540	400,137
2.2.	Other Comprehensive Income That Will Be Reclassified to Profit or Loss	(71,792)	8,468
2.2.1.	Exchange Differences on Translation	-	-
2.2.2.	Valuation and/or Reclassification Profit or Loss from financial assets at fair value through other comprehensive
	income	(106,582)	12,300
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	34,790	(3,832)
III.	TOTAL COMPREHENSIVE INCOME (I+II)	12,991,490	2,386,299

TÜRKİYE VAKIFLAR BANKASI TÜRK ANONIM ORTAKLIĞI UNCONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY AS OF THREE-MONTH PERIOD ENDED MARCH 31, 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)) Period Net Income (Loss) Current Period March 31, 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 - - - - 198,440 - 841,873 - (71,792) - - - 12,022,969 12,991,490 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 - - - 60,535 - - - - - - - - - 60,535 XI. Profit Distribution - - - - - - - - - - - - - - 11.1. Dividends paid - - - - - - - - - - - - - - 11.2. Transfers to Reserves - - - - - - - - - - - - - - 11.3. Other - - - - - - - - - - - - - - Ending Balance 9,915,922 45,589,048 - 2,792,862 11,659,760 (1,942,825) 12,491,803 80,727 6,165,223 - 59,858,743 25,845,407 12,022,969 184,479,639

Current

Total Shareholders' Equity

Property & Equipment Revaluation Increase/Decrease
Defined Benefit Pension Plan Remeasurement Gain/Loss
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)
Translation Differences from Foreign Currency Transactions
Accumulated Revaluation and/or Remeasurement Gain/Loss of the Financial Assets at Fair Value Through Other Comprehensive Income
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 THREE-MONTH PERIOD ENDED MARCH 31, 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 March 31, 2023
I.	Prior Period End Balance		7,111,364	16,468,559	-	1,266,702	3,237,995	(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	3,237,995	(792,431)	8,547,402	80,727	11,205,827	-	35,841,511	24,017,232	-	106,984,888
IV.	Total Comprehensive Income		-	-	-	-	240,784	-	(2,365,551)	-	8,468	-	-	-	4,502,598	2,386,299
V.	Capital Increase by Cash		2,804,558	29,131,443	-	-	-	-	-	-	-	-	-	-	-	31,936,001
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		-	-	-	(198,983)	-	-	-	-	-	-	-	-	-	(198,983)
XI.	Profit Distribution		-	-	-	-	-	-	-	-	-	-	-	-	-	-
11.1.	Dividends paid		-	-	-	-	-	-	-	-	-	-	-	-	-	-
11.2.	Transfers to Reserves		-	-	-	-	-	-	-	-	-	-	-	-	-	-
11.3.	Other		-	-	-	-	-	-	-	-	-	-	-	-	-	-
	Ending Balance		9,915,922	45,600,002	-	1,067,719	3,478,779	(792,431)	6,181,851	80,727	11,214,295	-	35,841,511	24,017,232	4,502,598	141,108,205

Property & Equipment Revaluation Increase/Decrease
Defined Benefit Pension Plan Remeasurement Gain/Loss
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)
Translation Differences from Foreign Currency Transactions
Accumulated Revaluation and/or Remeasurement Gain/Loss of the Financial Assets at Fair Value Through Other Comprehensive Income
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.