Turkiye Garanti Bankasi Anonim Sirketi · BIST:GARAN

Turkiye Garanti Bankasi Anonim Sirketi — Turkiye Garanti Bankasi A.S. — 9M26 Earnings Presentation

31 slides from Turkiye Garanti Bankasi Anonim Sirketi's earnings presentation, Nov 2, 2026

  1. Slide 1: 9M26 Earnings Presentation

    Based on BRSA Consolidated Financials 9M26 EARNINGS PRESENTATION October 28, 2026

  2. Slide 2: Macro Outlook

    ${Garanti BBVA MACRO OUTLOOK

  3. Slide 3: Turkish Economy (I/II)

    9M26 CONSOLIDATED EARNINGS PRESENTATION TURKISH ECONOMY (I/II) GDP GROWTH CBRT FUNDING RATE & CPI EXPECTATIONS (YoY) (End of the Period) 90% 5.0% 80% 70% 3.7% 60% 3.5% 50% 3.0% 38.0% 40.0% 36.0% 40% 30% 32.1% 30.9% 30.0% 20% 10% 0% Mar-24 Mar-25 Mar-26 Jun-24 Jun-25 Jun-26 Dec-23 Dec-24 Dec-25 Dec-2

  4. Slide 4: Turkish Economy (II/II)

    9M26 CONSOLIDATED EARNINGS PRESENTATION TURKISH ECONOMY (II/II) CA DEFICIT / GDP CG BUDGET DEFICIT / GDP (year end) (year end) 2023 2024 2025 2026F 2023 2024 2025 2026F -0.8% -1.9% -2.9% -2.7% -3.2% -3.6% -4.7% -42bn$ -14bn$ -30bn$ -49bn$ -5.1% Current account balance signal better than expected tre

  5. Slide 5: 9M26 Financials

    ${Garanti BBVA 9M26 FINANCIALS

  6. Slide 6: Unmatched Earnings Performance Sustained

    9M26 CONSOLIDATED EARNINGS PRESENTATION UNMATCHED EARNINGS PERFORMANCE SUSTAINED NET INCOME (TL bn) Quarterly Strong NII and robust fee generation more than 10% QoQ offset higher provisioning costs, underscored 33.6 33.8 high quality earnings performance. 30.8 9M26 ROAE 9M26 ROAA 1Q26 2Q26 3Q26 27.5

  7. Slide 7: Sustainably Strong Core Banking Revenues

    9M26 CONSOLIDATED EARNINGS PRESENTATION SUSTAINABLY STRONG CORE BANKING REVENUES CORE BANKING REVENUE (TL bn) Quarterly Cumulative QoQ YoY 348.9 Core Banking Core Banking 124.7 +12% Revenue +45% Revenue 113.2 111.0 240.0 200.3 Core NII (incl. swap, +57% Core NII (incl. swap, 74.8 +23% excl. Net CPI

  8. Slide 8: Lending Driven Asset Mix Continues to Be the Main Differentiator

    9M26 CONSOLIDATED EARNINGS PRESENTATION LENDING DRIVEN ASSET MIX CONTINUES TO BE THE MAIN DIFFERENTIATOR ASSET BREAKDOWN PERFORMING LOANS (TL, US $ billion) QoQ YtD Fixed Assets & Subs. ; Excl. Romania Other (incl. 3,119 +8% +25%1 1.6% Total 2,632 2,890 for fair comparison Cash & Banks; NPLs); 6.9%

  9. Slide 9: Market Share Gains in All Segments Reinforced Leadership in TL Lending

    9M26 CONSOLIDATED EARNINGS PRESENTATION MARKET SHARE GAINS IN ALL SEGMENTS REINFORCED LEADERSHIP IN TL LENDING TL PERFORMING LOAN GROWTH (%) TL PERFORMING LOAN BREAKDOWN Consumer (exc. CCs) (67% of total performing loans) TL Business (incl. SMEs & Corporate CCs) Consumer Credit Cards SME (BRSA Mortg

  10. Slide 10: Increase in Stage-2 Relates to Retail Flows

    9M26 CONSOLIDATED EARNINGS PRESENTATION INCREASE IN STAGE-2 RELATES TO RETAIL FLOWS LOANS & RECEIVABLES STAGE-2 BREAKDOWN (TL bn) PORTFOLIO BREAKDOWN (TL bn) (14% of gross loans) 473bn Stage 1, 2,787 377bn 308bn 85% Stage 2, 473 of the SICR Portfolio 55% SICR1 47% is non-delinquent (Quantitative) 43

  11. Slide 11: Higher NPL Inflows from Consumer & Credit Cards in Line with Expectations

    9M26 CONSOLIDATED EARNINGS PRESENTATION HIGHER NPL INFLOWS FROM CONSUMER & CREDIT CARDS IN LINE WITH EXPECTATIONS NPL & NPL FLOW (TL bn, quarterly) (3.9% of gross loans and receivables) Consumer loans (inc. CCs) share in Stage-3 52% 39.9 29.7 vs. 55% in 2025 New NPL 22.9 Net Flow: Net Flow: Net Flow

  12. Slide 12: Cost of Risk Increase Mainly Led by Retail NPL Inflows

    9M26 CONSOLIDATED EARNINGS PRESENTATION COST OF RISK INCREASE MAINLY LED BY RETAIL NPL INFLOWS & NORMALIZING PROVISION REVERSALS NET PROVISIONS & NET COR EXCL. CURRENCY (TL bn,%) Quarterly Cumulative 3.1% 2.6% 2.7% 1.9% 1.2% 58.9 25.3 20.0 13.6 20.4 1Q26 2Q26 3Q26 9M25 9M26 The uptick in quarterly C

  13. Slide 13: Strategically Managed Funding Structure

    9M26 CONSOLIDATED EARNINGS PRESENTATION STRATEGICALLY MANAGED FUNDING STRUCTURE High share of free capital & demand deposits TL CUSTOMER DEPOSITS (TL bn) LIABILITIES & SHE BREAKDOWN (54% of customer deposits) QoQ YtD Total Demand 2,019 1,954 (3%) +21% Liabilities for assets held for Deposits; 25.3%

  14. Slide 14: Strategically Managed Funding Structure

    9M26 CONSOLIDATED EARNINGS PRESENTATION STRATEGICALLY MANAGED FUNDING STRUCTURE EXTERNAL DEBT BREAKDOWN (as of September) EXTERNAL DEBT VS. FC QUICK LIQUIDITY1 Securitisation (DPR); 17% Syndication; $8.6bn FC Liquidity Buffer Secured 10% Finance; 2% $4.3bn $5.6bn ST External Debt External Debt w/ >1

  15. Slide 15: Strong Margin Recovery Driven by Lower Funding Costs

    9M26 CONSOLIDATED EARNINGS PRESENTATION STRONG MARGIN RECOVERY DRIVEN BY LOWER FUNDING COSTS AND DISCIPLINED PRICING TL LOAN - DEPOSIT SPREAD2 NIM INCL. SWAP COST1 Quarterly, Outstanding Quarterly Cumulative 16.0% +97bps YoY 50.0% 44.0% 44.4% 45.1% 14.0% +85bps QoQ +60bps YtD 40.0% 12.0% 38.3% 40.0%

  16. Slide 16: Robust Fee Growth Sustained with Payment Systems Contribution

    9M26 CONSOLIDATED EARNINGS PRESENTATION ROBUST FEE GROWTH SUSTAINED WITH INCREASING CONTRIBUTION FROM PAYMENT SYSTEMS NET FEES & COMMISSIONS(TL bn) NET F&C BREAKDOWN (Bank-only)1 YoY YoY 141.2 +36% Payment Payment Systems +32% #1 Systems, Cash Loans, 7.3% 103.9 67.5% QoQ Non-Cash Loans, 4.0% Money T

  17. Slide 17: Opex Growth Faring In-Line with Budget

    9M26 CONSOLIDATED EARNINGS PRESENTATION OPEX GROWTH FARING IN-LINE WITH BUDGET Including salary adjustment in the 3Q OPERATING EXPENSES (TL bn) Quarterly QoQ Cumulative YoY 167.0 59.1 +38% 53.6 +10% 120.8 106.4 33.5 38.0 +13% +34% Non-HR 79.2 Non-HR HR 20.1 21.1 60.5 +46% +5% 41.6 HR 2Q26 3Q26 9M25

  18. Slide 18: Robust Solvency Reflects Capital-Generative Growth Strategy

    9M26 CONSOLIDATED EARNINGS PRESENTATION ROBUST SOLVENCY REFLECTS CAPITAL-GENERATIVE GROWTH STRATEGY SOLVENCY RATIOS 2025 – 9M26 CAR EVOLUTION (Consolidated) 17.5% 16.1% 15.9% 2.27% -2.18% CET1 13.1% -0.13% -0.79% -0.52% -0.11% -0.15% 0.15% 0.09% 11.9% 12.0% 17.5% Net Market & FX CAR Income Credit Op

  19. Slide 19: 2026 Operating Plan Guidance

    9M26 CONSOLIDATED EARNINGS PRESENTATION 2026 OPERATING PLAN GUIDANCE MACRO FORECAST 2026 OPERATING PLAN GUIDANCE CBRT FUNDING RATE EXPECTATIONS Per January 9M26 Actual Current Outlook 40% Baseline 38% 37% 37% TL Loan Growth (YoY) 30-35% +39% (YoY) In-line 36% Sept Baseline 37% 36% 36.5% FC Loan Grow

  20. Slide 20: Q&A Session

    ${Garanti BBVA Q&A SESSION

  21. Slide 21: Appendix

    9M26 CONSOLIDATED EARNINGS PRESENTATION Appendix P G . 22 Summary P&L P G . 26 Sector Breakdown of Gross Loans P G . 23 Summary Balance Sheet P G . 27 FC Loan Breakdown P G . 24 Key Financial Ratios P G . 28 Maturity Profile of External Debt P G . 25 Market Shares P G . 29 Securities Portfolio P G .

  22. Slide 22: Appendix: Summary P&L

    9M26 CONSOLIDATED EARNINGS PRESENTATION APPENDIX: SUMMARY P&L QUARTERLY P&L CUMULATIVE P&L TL Million 1Q26 2Q26 3Q26 QoQ 9M25 9M26 YoY (+) Net Interest Income including Swap costs 60,072 56,985 71,538 26% 118,976 188,596 59% (+) Income on CPI linkers 5,995 8,057 9,266 15% 25,102 23,317 -7% (-) Swap

  23. Slide 23: Appendix: Summary Balance Sheet

    9M26 CONSOLIDATED EARNINGS PRESENTATION APPENDIX: SUMMARY BALANCE SHEET (TL billion) ASSETS 31.12.2025 31.03.2026 30.06.2026 30.09.2026 Cash & Cash Equivalents 437.8 374.7 373.0 346.2 Balances at CBRT 568.3 493.7 732.7 809.3 Securities 550.1 645.5 575.5 595.8 Gross Loans 2,810.7 2,865.9 3,113.3 3,39

  24. Slide 24: Appendix: Key Financial Ratios

    9M26 CONSOLIDATED EARNINGS PRESENTATION APPENDIX: KEY FINANCIAL RATIOS Sep-25 Dec-25 Mar-26 June-26 Sep-26 Profitability ratios ROAE (Cumulative) 30.9% 29.1% 30.3% 28.1% 27.5% ROAA (Cumulative) 3.1% 2.9% 2.9% 2.7% 2.6% NIM incl. swap (Quarterly) 5.1% 6.3% 6.1% 5.5% 6.3% NIM incl. swap (Cumulative) 5

  25. Slide 25: Appendix: Market Shares

    9M26 CONSOLIDATED EARNINGS PRESENTATION APPENDIX: MARKET SHARES Market Shares among private banks1 Dec-25 Jun-26 Sept-26 QoQ ∆ YtD ∆ Rank TL Performing Loans 22.1% 21.6% 22.4% 79 bps 34 bps #1* FC Performing Loans 16.1% 15.8% 15.5% -26 bps -55 bps #2* Consumer Loans inc. Consumer CCs 23.5% 23.6% 24.

  26. Slide 26: Appendix: Sector Breakdown of Gross Loans

    9M26 CONSOLIDATED EARNINGS PRESENTATION APPENDIX: SECTOR BREAKDOWN OF GROSS LOANS % SHARE COVERAGE RATIO SECTOR BREAKDOWN OF GROSS LOANS1 Key Sectors Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 TL 2.9tr Retail 73% 21% 6% 0.5% 4.3% 63.9% Energy 71% 26% 4% 0.3% 20.4% 80.2% Construction Constructio

  27. Slide 27: Appendix: Closely Monitored and Well-Provisioned FC Loans

    9M26 CONSOLIDATED EARNINGS PRESENTATION APPENDIX: CLOSELY MONITORED AND WELL-PROVISIONED FC LOANS FC PERFORMING LOANS FC LOANS (in $ bn) (Breakdown excludes FX-linked loans) US$ 21.2bn 157.1 169.3 170.0 20.0 US$ GBI and GB Romania loan placements 133.8 18.0 7.3bn Natural hedge 107.5 120.0 103.5 Sect

  28. Slide 28: Appendix: Maturity Profile of External Debt

    9M26 CONSOLIDATED EARNINGS PRESENTATION APPENDIX: MATURITY PROFILE OF EXTERNAL DEBT MATURITY PROFILE OF EXTERNAL DEBT (US$ billion) Bilateral MTN Covered Bond Secured Finance Securitisation Syndication Subdebt Eurobond Postfinance $5.6 $2.6 $0.5 $1.9 $1.7 $0.6 $1.1 $0.9 $0.1 $0.3 $0.1 $0.1 $0.4 $1.1

  29. Slide 29: Appendix: Securities Portfolio

    9M26 CONSOLIDATED EARNINGS PRESENTATION APPENDIX: SECURITIES PORTFOLIO TOTAL SECURITIES (TL bn) 11% of Total Assets TL SECURITIES (TL bn) FC SECURITIES (USD bn) +20%1 +18% +7%1 +3% (1%) +4% 387 375 Consolidated 596 326 9.7 575 7.9 550 7.7 + $1.2 + + 367 376 5.2 4 ,3 4 ,3 4.3 4.3 318 Fixed: $1.2 FC 4

  30. Slide 30: Appendix: Quarterly & Cumulative Net CoR

    9M26 CONSOLIDATED EARNINGS PRESENTATION APPENDIX: QUARTERLY & CUMULATIVE NET CoR (Million TL) (Million TL) Quarterly Net Expected Credit Loss 1Q26 2Q26 3Q26 Cumulative Net Expected Credit Loss 9M25 9M26 (-) Expected Credit Losses 30,463 28,887 31,178 (-) Expected Credit Losses 57,251 90,528 Stage 1

  31. Slide 31: Disclaimer Statement

    9M26 CONSOLIDATED EARNINGS PRESENTATION DISCLAIMER STATEMENT Türkiye Garanti Bankasi A.Ş. (“Garanti BBVA”) has prepared this presentation document (the “Document”) thereto for the sole purposes of providing information which include forward looking projections and statements relating to Garanti BBVA

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