As of the end of 2025, our bank continued to serve its customers with its 980 branches and 19,147 employees.

Sustainable Growth

Our bank increased its assets by 34% compared to the end of the previous year and raised it to TL 5,388,290 million. In the distribution of assets, loans had the biggest share with 54%. Our performing loans increased by 46% in this period and reached TL 2,925,230 million. In this period, 80% of our performing loans consisted of commercial loans and 20% were retail loans. Our commercial loans went up by 46% and our retail loans increased by 44%. Our Bank’s market share reached 13.28% in commercial loans and 10.08% in retail loans. Thus, our total performing loans market share was 12.50%.

The ratio of our Bank’s Non-Performing Loans (NPL) was 2.90% in 2025. Securities portfolio increased by 31% to TL 1,199,693 million, and its share in assets was 22.26%.

Deposit-Weighted Funding, Manageable Debt and Strong Equity Structure

In 2025, our main funding source was once again a deposit. In this period, our deposit increased by 36% and reached TL 3,449,195 million. The share of deposits in total liabilities was 64%. Within the funding structure, 67% of the deposit items, which have the most significant weight, constituted term deposits and 33% demand deposits. In this period, demand deposits increased by 69% while term deposits increased by 24%. With the support of the deposit growth, the loan/deposit ratio realized at 84.81%.

Our bank continued its effectiveness in international debt capital markets with its long-term and cost-effective funding sources provided by various instruments such as syndication loans, securitization loans and subordinated loans. Our issued securities reached TL 311,833 million. Securities issued contributed to diversification of our Bank’s funding sources and extension of the maturity structure. During this period, our Bank successfully renewed its syndication loans and provided USD 12.8 billion in total in 2025 from abroad.

Our bank’s equities increased by 47% in 2025 compared to the end of the previous year, reaching TL 322,381 million.

Evaluation of Profitability

Our Bank’s net profit for the period was TL 70,050 million in 2025. In the same period, interest revenues reached TL 1,028,440 million, interest expenses reached TL 876,056 million, and net interest income reached TL 152,384 million. In this period, the ratio of interest income to cover interest expenses was 117%.

In this period, our Bank’s net fee and commission income increased by 56% compared to the end of the previous year and reached TL 72,693 million.

At the end of 2025, our Bank’s return on average equity was 25.87%, and average return on assets was 1.49%.

Solvency

In 2025, VakıfBank maintained its solvency by keeping the share of interest-bearing assets in total assets at 84%.

Maintaining its growth in loans without compromising on risk control, our Bank’s capital adequacy ratio was 16.71% above the legal. The long-term evolution of the capital adequacy ratio is shown in the graph below.

In 2026, our country’s economy is expected to grow by 3.8%. VakıfBank shall continue its sustainable growth in 2026 as well, by increasing the number of customers and product range, and using potential growth opportunities at domestic and abroad.

Capital Adequacy Ratio (%)